The state enterprise Ukrpromvneshexpertisa (UPE) believes square billet prices (FOB Black Sea) in September will increase by $15-20 per ton MoM, to $335-340 per ton. The company analysts expect the increase in demand on European markets in September, as well as in Turkey and Near East due to the start of the autumn construction period.…Details
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The state enterprise Ukrpromvneshexpertisa (UPE) believes iron ore raw materials prices in October (Australian Fe 62% ore CFR China) will drop below $50 per ton on the world market. “We’re not yet sure how long it will last – a week, 2 or 3, but the prices will be below $50”, said the company analyst…Details
Mariupol Ilyich Iron and Steel Works has finished repairing its sintering machine No. 4. The overhaul started on July 15. In addition to the repairs the sintering machine also received the new gas-purifying system. At present the sintering machine undergoes the commissioning work. Mariupol Ilyich is one of Ukraine’s largest metal companies. It produces pipes…Details
Rusal started the producing 99% scandium oxide. The market price of the new product is up to $2,000 per kg. The new product output started at the Urals Aluminum Smelter (UAZ) after the installation and launch of the pilot unit for the processing of scandium concentrate into scandium oxide. Experts at Rusal Engineering and Technology…Details
The Indian Ministry of Finances has imposed the preliminary antidumping duties on flat cold-rolled metal from China, South Korea, Japan and Ukraine. The duty is the difference between $594 and the customs cost of the cold-rolled steel per ton. If the steel is sold at this price or higher, the duty is zero. Complaints to…Details
Karelsky Okatysh has assembled new equipment at its fine crushing site – the second advanced crusher. The replacement of the first two crushers is the beginning of the large project of the whole ore crushing network modernization. The goal of the project is to improve the quality of pellets and increase the output volumes. One…Details
Volzhsky Pipe Works has confirmed the correspondence of its seamless and welded pipes manufacture to DIN EN 10216-1, DIN EN 10216-2, DIN EN 10216-5, DIN EN 10210-1 and DIN EN 10219-1, as well as the 2014/68/EU PED and EU CPR 305/2011. All the pipe samples and technological processes have passed the audit. Thus VTZ was…Details
In July Russia’s gold bar production decreased by 15.5% YoY but rose by 3.4% MoM, the Federal State Statistics Service said in a statement on Wednesday. Platinum production decreased by 13.2% YoY and rose by 2.4% MoM. Palladium output fell by 5.8% YoY and increased by 1.1% MoM. Gold-bearing ore and concentrate production went down…Details
On August 16, the Customs Service of Taiwan imposed the preliminary antidumping duties on the imports of hot-rolled sheet originating from Ukraine, Brazil, China, India, Indonesia and South Korea. The 8.66-80.5% duty will come into effect on August 22, for 4 months. For Mariupol Ilyich Iron and Steel Works, Metinvest and other Ukrainian manufacturers the…Details
In January-June Turkey imported 9.18 million tons of ferrous metals scrap valued at $1.97 billion, up by 8.4% and down by 20% YoY respectively. According to the Turkish Statistical Institute, imports from US went up by 7.8%, to 1.89 million tons, from Russia – by 16.1%, to 1.43 million tons, and from UK – by…Details
Taganrog Iron and Steel Works has produced a trial batch of pipes with external upset ends for TMK Neftegazservis-Buzuluk. The first batch of pipes with 73 mm diameter was made at the SMS Meer press. The need to start producing such pipes was due to the increasing demand from oil industry. (Ukrainian metal)Details
Mariupol Ilyich Iron and Steel Works goes on expanding its range of rolled sheet at 1700 shop. “We’ve started making 1.2×1000 mm rolled metal of 08PS low-carbon steel. Such products are in demand now. They allow to substitute the expensive cold-rolled coils with cheaper hot-rolled ones”, said the company CEO Yuri Zinchenko. The works has…Details
Zaporizhstal has invested 630 million UAH in new gas-purifying systems at its sintering machines No. 3-6 and has started construction at the SM6. The foundation works have been completed, over 300 tons of metal structures have been erected, gas-purifying equipment at sintering machine No. 6 is being assembled. This is the last sintering machine at…Details