The Magnitogorsk Iron and Steel Works (MMK) is taking part in the international real estate investment forum PROEstate 2019. The company will present to potential partners a unique project to transform urban space called “Attraction”, initiated by the Chairman of the Board of Directors of MMK Viktor Rashnikov. The project is the first of its…
DetailsPipe Metal Company has concluded an agreement with Gazprombank on a loan of 14.09 billion rubles. The funds will be provided until March 21, 2025. TMK daughter companies – Sinarsky Pipe Works, Seversk Pipe Works and Taganrog Iron and Steel Works – acted as guarantors. The agreement with SinTZ was signed on September 18, while…
DetailsRosgeologia and the Managing Company UGK LLC have signed an agreement on cooperation in subsoil use. The document presupposes creation of joint ventures to carry out investment projects on prospecting, estimating and developing deposits in Russia and abroad. Moreover, the companies plan to cooperate in further prospecting of unused deposits in order to put them…
DetailsIn January-August Kazakhstan produced 313.3 thousand tons of copper, up by 11.8% YoY. Zinc output grew by 1.6%, to 216 thousand tons. At the same time non-ferrous metals ore mining decreased. Thus, zinc concentrate output dropped by 28.7%, to 153.3 thousand tons, and bauxite mining by 20.1%, to 2.8 million tons. (Ukrainian metal)
DetailsIn July Russia imported 3 thousand tons of raw zinc, down by 36% MoM, but up by 347.2% YoY. Deliveries from Kazakhstan totaled 2 thousand tons, down by 43% MoM. Imports from Peru dropped from 200 tons to 303 kg. At the same time purchases in Uzbekistan grew by 38%, to 839 tons. In January-July…
DetailsChinese nickel consumers may be deterred from guaranteeing long-term ore supply by investing in Philippine ore production, delegates said during a panel discussion at the 18th International Stainless and Special Steel Summit in Seville, Spain, on Wednesday September 18. This is despite prevailing opinion that Philippine material is more easily refined and cost effective than…
DetailsIn July Russia exported 37.6 thousand tons of ferrosilicon, up by 40% MoM and by 13% YoY. Deliveries to Turkey grew 2-fold, to 5.7 thousand tons, to Japan – by 32%, to the Netherlands – by 60% and to Korea by 16%, to 16, 3.8 and 5.7 thousand tons respectively. Exports in January-July totaled 224.8…
DetailsMembers of the Kirovograd region state administration have refused to approve of a special permit to develop the Central and Southern sites of the Kapitanskoye deposit of chromium ore to Mine Extraction LLC. The size of the deposit, situated on the arable lands of the Kapitanka village and partially under the village, is 9 ha.…
DetailsSputnik reported that scientists from Tomsk Polytechnic University have improved the alloying process, allowing not only the wear-resistance of materials to be increased, but also giving them some qualitatively new characteristics, which is in demand in high-tech industries, science and energy. The results of the study have been published in Surface and Coatings Technology. According…
DetailsBase metals traded on the Shanghai Futures Exchange were largely in positive territory during the morning trading session on Friday September 20, but gains were limited owing to lingering macroeconomic concerns. There was a raft of central bank policy decisions on Thursday following the US Federal Reserve’s decision a day earlier to cut interest rates…
DetailsMr Paolo Rocca, Tenaris Chairman & CEO, participated in the first Saudi Iron & Steel Conference in Riyadh. Speaking on the panel ‘Saudi’s Potentially Pivotal Role in Global Steel’, he focused on the investment in steelmaking and processing capacity in Saudi Arabia as the country focuses on becoming more self-sufficient. During his speech, Rocca tackled…
DetailsExport prices for steel billet from the CIS region have been under pressure from weak demand and falling scrap prices internationally, market sources told Fastmarkets on Thursday September 19. Fastmarkets’ daily steel billet index, export, fob Black Sea, CIS, was $356 per tonne on September 19, unchanged day-on-day but down by $7 per tonne since…
DetailsTexas US based steel manufacturing, processing, and distribution company Friedman Industries Incorporated announced today the appointment of Mr Michael J Taylor as President and Chief Executive Officer of the Company, effective September 12, 2019. Mr Taylor, age 60, has served as the Interim President and Interim Chief Executive Officer since February 12, 2019 and has…
DetailsDomestic price sentiment for hot-dipped galvanized coil (HDG) in Europe has continued to be negative in the week ended Thursday September 19 due to slow market activity, sources have told Fastmarkets. Fastmarkets’ weekly price assessment for steel HDG, domestic, exw Northern Europe, was unchanged over the week at €550-570 ($608-630) per tonne ex-works on September…
DetailsUnited States Steel Corporation has provided third quarter 2019 guidance. It said “We expect third quarter 2019 adjusted EBITDA to be approximately USD 115 million, which excludes approximately USD 53 million of estimated third quarter impacts from the December 24, 2018 fire at our Clairton coke making facility and estimated restructuring charges. We expect third…
DetailsSingapore — China's robust production of rebar and hot-rolled coil this year, despite weaker steel demand and prices, is an indication that overall output has become "irrational", market Source of information
DetailsBase metals ended flat to lower on the London Metal Exchange on Thursday September 19- tin closed below $17,000 per tonne and copper below $5,800 per tonne. The three-month tin price ended at $16,457 per tonne this afternoon, its weakest close since August 30 and down from an intraday high of $16,895 per tonne –…
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