Chinese Steel PMI in August Dips to 44.9

According to the latest release on August 31 by the official index compiler CFLP Steel Logistics Professional Committee, China’s Purchasing Managers Index for the steel industry for August hit a new low since December 2015, reaching 44.9 amid imbalance in the fundamentals, steel price declines amid higher production and stocks while the growing challenges in…

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Russia: MMK implementing environmental initiatives with support by ThyssenKrupp Industrial Solutions

ThyssenKrupp Industrial Solutions has performed an inspection of the coking and by-product facilities at Magnitogorsk Iron and Steel Works (MMK) as part of implementation of an environmental program for reduction of dust and gas emissions from the Coke Plant. The key priority of MMK’s environmental policy is implementation of measures included in the Clean Air…

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Kyrgyzstan: Kyrgyzaltyn refutes reports on Kumtor getting additional land

Information that the government of Kyrgyzstan, under a new agreement with Centerra Gold, allegedly agreed to allocate 16,000 hectares of land in Sarychat-Ertash nature reserve for gold mining appeared on social networking websites. Chairman of Kyrgyzaltyn OJSC Almaz Alimbekov denied the information. According to him, the territory of the concessional area, including 16,000 hectares, is…

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