A glance through the latest expert views and predictions about commodities. Indonesia's nickel export ban; metallurgical coal; and iron ore. -Severe market tightness may not eventuate despite Indonesia's nickel ore export ban -China may no longer be the marginal setter of seaborne coking coal prices -Iron ore likely to remain in deficit over 2019 Nickel…
DetailsThe price range for steel rebar in the domestic market in Southern Europe widened downward this week with decreasing ferrous scrap prices and falling demand for exports from customers in Northern Europe, sources told Fastmarkets on Wednesday September 4. Fastmarkets’ weekly price assessment for steel reinforcing bar (rebar), domestic, delivered Southern Europe, was €460-485 ($504-531)…
DetailsTata Steel UK will supply high frequency induction line pipe for a gas condensate field in the UK central North Sea. The company will manufacture more than 55 km (34 mi) of 18-in. carrier pipe for a pipe-in-pipe system on the field at its 20-in. mill in Hartlepool, northeast England. Barry Rust, Marketing Manager, Energy…
DetailsSingapore — The steel purchasing managers' index published by northern China's Hebei province fell 0.4 basis points from the previous month to 47 points, out of 100, in August, indicating the underlying softness of China's steel market. It was the fourth consecutive monthly drop, according to the latest data released by the Hebei Metallurgical Industry…
DetailsSeaborne iron ore prices pushed up on Wednesday September 4 after looser production restrictions were confirmed for steelmakers in Tangshan. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $91.32 per tonne, up $2.18 per tonne. 62% Fe Pilbara Blend fines, cfr Qingdao: $91.71 per tonne, up $2.18 per tonne. 62% Fe low-alumina fines, cfr Qingdao: $89.10 per…
DetailsYonhap reported that a South Korean delegation will head to India this week for talks with counterparts over India’s trade restrictions on South Korean steel and chemicals. South Korea’s foreign ministry said “A group of government officials from the South Korean foreign affairs and trade ministries will meet Sunil Kumar, an official at India’s Ministry…
DetailsChina's property sector will continue to generate healthy steel demand through 2019 Manufacturing shows signs of bottoming but unlikely to walk out of depression in the short-term Long steel will outperform flat steel in the remainder of 2019; flats margins may improve from H1 Singapore — China's property construction sector will be the major driver…
DetailsThe London Metal Exchange three-month copper price increased during morning trading on Wednesday September 4, paring back the bulk of Tuesday’s losses, while high turnover also drove tin’s outright price higher. Copper futures improved by some 1.6%, trading at an intra-morning high of $5,700 per tonne, while around 5,500 lots had been exchanged by 9am…
DetailsThe office of the large taxpayers is trying to recover 109.4 million UAH of debt from the state coal company Krasnolimanskaya. The Donetsk district administration court registered the corresponding claim on August 21. According to the State Fiscal Service, as of March 25 the company debt totaled 486.4 million UAH. In May a part of…
DetailsBeloretsk Iron and Steel Works has for the first time certified its welding wire for the welding of metal structures of lifting, transport, mining and metallurgical machinery. In particular, the welding wire with the diameter of 3 mm has been certified at the request of Uralmashzavod, the largest machine-building enterprise in Russia. The inspection of…
DetailsUskovskaya mine, a part of Raspadskaya, has commissioned a new 50-22 long face with the reserves of 1.638 million tons of coal. The length of the long face is 1700 meters. In order to prepare it for operation some 9 km of excavations have been carried out. The long face will be in development until…
DetailsIzhstal has received a positive report of international auditors on the efficiency of its quality management system, which increases the company competitiveness on the Russian and foreign markets. The audit has been carried out by TUV SUD. The company specialists have inspected electric arc and rolling shops, the material purchasing process, personnel management system, etc,…
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