Growth in steel demand slumped to 1.7% in August, the slowest expansion in at least a year, shows provisional data from the Joint Plant Committee, compiled by SBICAP Securities Ltd. In the 12 months, demand rose in the range of 4-13%. The deceleration reflects the dual impact of the seasonal slowdown in construction due to…
DetailsThe three-month aluminium and copper prices on the London Metals Exchange defied a stronger dollar index to trade significant volumes by the end of the day’s trading on Tuesday September 10. “Flow [of trading] this past week has been systematic short-covering and trading volumes are coming back under pressure suggesting prices will struggle to move…
DetailsEmbittered by the court’s decision, employees of the failing Huta Czestochowa do not give up. On Monday from the morning they gathered under the building of the Czestochowa court, where they are asking for help for the employer “We want to work – stop debating.” They are embittered by the decision the court made last…
Detailsenchmark iron ore prices erased early losses on Monday, tracking a rally in steel futures, driven by China’s move to boost liquidity to shore up its slowing economy and hopes for more stimulus. The most-traded iron ore on the Dalian Commodity Exchange , for delivery in January 2020, ended up 1.8% at 655.50 yuan ($91.90)…
DetailsSteel hot-rolled sheet prices in Russia’s Central Federal District around Moscow have softened first time since mid-April on the seasonal slowdown, sources told Fastmarkets on Monday September 9. Fastmarkets’ weekly price assessment for steel hot-rolled sheet, domestic, cpt Moscow, Russia, was 43,000-44,900 roubles ($655-684) per tonne on September 9, including 20% VAT. This was down…
DetailsET reported that Secondary steel producers are cutting back on output to cope with a demand slump. In the iron ore rich district of Ballari in Karnataka, at least eight plants that include secondary steel makers like BMM Ispat, Rayen Steel, PGM Ferro Steel and companies such as Mukand and Kalyani Steel primary suppliers to…
DetailsThe steel and semiconductor industries of South Korea will take a direct hit if the trade war between the United States and China turns into a global tariff war, panelists said at a seminar organized by the Federation of Korean Industries on Sept. 9. The experts said the ongoing trade war between the United States…
DetailsThe three-month copper price on the London Metal Exchange was slightly lower during morning trading on Tuesday September 10, falling below its nearby $5,800 per tonne support level amid broad complex weakness, while aluminium futures stayed above the $1,800 per tonne threshold. Volumes traded in copper over the morning have been moderate, topping the complex…
DetailsIn January-June capital investments in metal manufacture, except for machines and equipment, grew by 38.3% YoY, to 12.33 billion UAH. According to the Service of State Statistics, this was 5.3% of the total amount of capital investments in Ukraine. Metal manufacture accounted for 11.18 billion UAH of investments. And the rest (1.14 billion UAH) fell…
DetailsEvraz NTMK has produced a batch of hot-rolled steel with round section with the diameter of 95 mm. Such rolled metal is used in machine-building, construction and pipe manufacture. The first batch of rounds with the volume of 220 tons was produced of carbon and alloyed steel according to GOST 1050-88 and GOST 4543-2016. All…
DetailsAt the extraordinary meeting Severstal shareholders have approved of paying dividends for Q2 in the amount of 26.72 rubles per ordinary share as opposed for 45.94 rubles in Q2 2018. The dividends will be paid to the shareholders who are registered as of September 17. The total amount of dividends to be paid is 22.384…
DetailsIn August Krasniy Octyabr produced almost 24.7 thousand tons of liquid steel: 24.1 thousand tons in the electric arc furnace shop No. 2 and 580 tons in the shaped castings shop. In July the output was 23.1 thousand tons, with 22.5 thousand tons produced in the electric arc furnace shop and 620 tons in the…
DetailsDuring the current washing season the Olbot gold-extracting team LLC intends to extract at least 100 kg of gold. The company is washing for gold on the territory of Susuman district of Magadan region in the valleys of the Bolshoy Khatynakh and Sabygyl-Stanovoy brooks. Olbot started its washing season in May. This year the gold…
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