WEEKLY BASE METAL PREMIUMS REPORT: 17/09

A summary of base metals premiums from across the globe for the week to Tuesday September 17.

Source of information

PRICING NOTICE: Correction to publication frequency of Southeast Asia zinc premium

Fastmarkets incorrectly published weekly assessments for its Southeast Asian zinc premium over the past two months when the price should have been published every two weeks. Following a market consultation, Fastmarkets reduced the frequency of publication of a number of base metals price assessments in July in response to low transaction liquidity and a lack of price…

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ArcelorMittal Asks Midrex to Design Demonstration Plant for Hydrogen Steel Production in Hamburg

ArcelorMittal announced that it has commissioned technology provider Midrex Technologies to design a demonstration plant at its Hamburg site to produce steel with hydrogen. Both companies have now signed a Framework Collaboration Agreement to cooperate on several projects, ranging from research and development to the implementation of new technologies. The FCA will be governed by…

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Ukraine: Metinvest finally buys Dneprovsky Coke Plant

Metinvest B.V. has purchased 49.37% of Dneprovsky By-Product Coke Plant shares for $11 million. The official purchase took place in August. The coke output capacity of the plant is some 700 thousand tons per year. In January Metinvest bought 23.71% of Yzhkoks for $30 million. Dneprovsky By-Product Coke Plant received 373.62 thousand UAH of net…

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Ukraine: metal wholesale up in H1 2019

In January-June wholesale of metal grew by 17.3% YoY, to 2.7 million tons, valued at 48.9 billion UAH, up by 10.3%.

The growth is due to the changes in the trade, including exports, as the domestic market does not show such rates.

Rolled metal consumption dropped by 5.17%, to 1.97 million tons. (Ukrainian metal)

Russia: gold output up in January-August 2019

In January-August Russia increased gold output by 21.8% YoY.

According to the Rosstat, in August output grew by 23.4% YoY and by 19.7% MoM.

The statistics service does not disclose detailed information on gold output. (Ukrainian metal)