Australian multi-metal miner Blackstone Minerals considers Vietnam a reliable and equitable jurisdiction for nickel production and export once the Indonesian ore export ban comes into effect in January 2020, chief executive officer Scott Williamson told Fastmarkets last week. With estimated refined production capacity of 10,000 tonnes per year, the company plans to develop its newly-acquired…Details
Business Line reported that Enforcement Directorate has attached assets worth INR92 crore of SPS Steel Rolling Mills and others under Prevention of Money Laundering Act, 2002 in a bank fraud case. The attached assets consist of shares of an entity owning five-star hotel, three luxurious apartments, an office building and 0.33 acres of land. ED…Details
Shipments at zero duty from FTA countries have shot up by 67% in April-July 2019 against a 58% increase in the same period last year (April-July 2018). KOLKATA: A sharp increase in steel imports from partner countries under Free Trade Agreements (FTA) last month has sent alarm bells ringing, with local mills approaching New Delhi…Details
In August pipe exports from Ukraine decreased by 33.5% MoM, to 46 thousand tons valued at $44.9 million, down by 36.8%. According to the State Fiscal Service, USA imported the most of seamless pipes – 30.32%. At the same time the country share in January-August decreased almost by half, from 66.2%. In January-August Ukraine exported…Details
Until the end of the year Sibir Coal Power Company (SUEK) intends to export over 50 million tons of coal. “The launch of the Sila Sibiri gas pipeline will not affect our exports to China. Coal consumption is growing all over the Asian-Pacific Region, and China is not the main player. It’s one of the…Details
ASIAN NICKEL CONF: Philippines unlikely to fill nickel ore supply gap arising from Indonesia’s export ban, participants say
Among the hotly debated topics at Fastmarkets’ seventh annual Asian Nickel Conference in Jakarta, Indonesia, this week was whether or not increased nickel ore shipments from the Philippines would be able to offset the supply gap that will arise once Indonesia halts exports of the material from next year. The majority of conference delegates were…Details
Nadezhdinsky Iron and Steel Works has started exporting steel to be used in the manufacture of pressure cylinders to European plants. In Q2 exports exceeded 2 thousand tons. “A trial batch of 66 tons was shipped in April. The customer carried out tests, saw the quality and started placing orders. In September-October we have to…Details
Cherepovets Iron and Steel Works has started constructing a plate-straightening machine No. 4.
The cost of the investment project exceeds 1 billion rubles.
The company plans to increase high-quality steel output to 10 thousand tons per year.
The new machine is expected to reach its design capacity in Q1 2020. (Ukrainian metal)
Electrostal Tyumeni has mastered the manufacture of new metal products – angles No. 4 with flanges of 5, 4 and 3 mm made of carbon steel. A trial batch has already been shipped to the customer. The company continues mastering new products. In particular, in September-October it plans to start producing equal angles Nos. 3…Details
The Verkhovna Rada of Ukraine has approved a draft decree to implement licensing of uranium mining by the State Inspection of Nuclear Regulation.
The draft decree has been backed by 293 members of the parliament.
Now only processing and transportation of uranium ores are licensed. (Ukrainian metal)
Mariupol Ilyich Iron and Steel Works and Azovstal have successfully passed the SASO certification audits necessary to continue exporting metal to Saudi Arabia. The audit showed that the companies were controlling the quality when fulfilling orders. The SGS Ukraine representatives inspected the steel manufacture, as well as documents to produce metal and make samples. Metinvest…Details
Agency of the Far East on attracting investments and export support and Ozernaya Mining Company LLC have agreed to construct until 2023 an enterprise to mine and process lead and zinc ores and produce zinc and lead-silver concentrate in the north of the Republic of Buryatia. On the basis of the polymetalic ores deposit of…Details
Coal industry of Kazakhstan is sustaining losses after Russia imposed limitations on the export of coal to Ukraine. According to the Association of mining and metallurgical enterprises, in June-September coalmining companies intended to ship 584.12 thousand tons of coal to Ukraine via Russia, but the Russian Ministry of Economic Development approved only 233.5 thousand tons.…Details
In January-June Russia extracted 142.223 tons of gold, up by 11.41% YoY. The growth is due to the Natalkinskiy Mining and Processing Works in Magadan region reaching its design capacity. Petropavlovsk has commissioned its autoclave manufacture and until the end of the year intends to get 15.5 tons of gold. Russia is expected to produce…Details
In June Russia imported 28 tons of molybdenum including scrap, up by 63.2% MoM and by 77.8% YoY. China increased supplies by 22%, to 12.2 tons. After a drop in May imports from Germany grew 2-fold, to 14.4 tons. In H1 molybdenum imports totaled 157 tons, up by 2.4% YoY. In monetary terms since the…Details
In June Russia imported 7.7 tons of tungsten including scrap, down by 25% MoM and by 82% YoY. China supplied 7.1 tons, down by 17% MoM. In H1 tungsten imports totaled 64.3 tons, down by 35% YoY. In monetary terms since the start of the year imports have dropped by 16.2%. Import prices in June…Details
Since the start of the year Mechel-Service has supplied almost 2.5 thousand tons of rolled metal for the construction of the Moscow subway. Most of the products – rebars, sheet and beams – are manufactured at Chelyabinsk Iron and Steel Works. Metal wares, strips and shaped sections are also supplied to the construction site. Cold-deformed…Details
ArcelorMittal Kriviy Rih has opened its second metal warehouse in Odessa. The new site has a size of 6 thousand square meters and can accommodate up to 10 thousand tons of metal products. The second warehouse in Odessa is aimed at increasing sales in the southern regions. The choice of Odessa was stipulated by a…Details
Times of India reported that Maruti Suzuki has decided to set up a old vehicles dismantling plant along with a subsidiary of Toyota. The venture between Maruti and Toyota Tsusho India will supply, dismantle and process end-of-life vehicles, and market and sell scrap and other products generated from such activities In doing so, the Maruti-Toyota…Details
Eastern China’s Shagang has raised the list prices for its rebar and wire rod booked in mid-September.
The mill is selling its HRB400 16-25mm rebar at 3,820 yuan ($537) per tonne over the September 11-20 period, up 100 yuan per tonne from its…
The European Commission implemented amendments to the EU’s safeguard measures starting from 1 October. The effects of these changes are expected to be relatively limited, however, Indonesia is losing its developing country exemption that is likely to restrict their export volumes of stainless into the EU significantly. The European Commission implemented adjustments to the safeguard…Details
Chinese cold-rolled coil export prices remained unchanged over the past week despite an anti-dumping investigation being instigated in Vietnam. Vietnam’s Ministry of Industry & Trade launched the probe after requests from several Vietnamese producers. The investigation encompasses non-alloy cold-rolled steel sheet and coil in widths of less than 1,600mm and in thicknesses of 0.108-2.550mm. “Although Vietnam has excess capacity in CRC, Chinese imports remain…Details
Vietnam’s Ministry of Industry and Trade will investigate alleged dumping of cold rolled carbon steel with a width of less than 1600 mm and a thickness of 0.108 mm, 2.55 mm imported from China. The investigation was initiated after requests by domestic producers including Phu Mu Flat Steel Company Limited VNSTEEL, POSCO Vietnam Co., Ltd.…Details