Russia’s income from coal exports in January-July grew by 9.2% YoY, to $9.798 billion. In January-July 2018 exports revenue was $8.977 billion. Volume-wise the exports increased by 9.1%, to 118.374 million tons. In 2018 coal export revenue went up by 25.9% YoY, to $17.031 billion. Volume-wise exports grew by 10%, to 199.472 million tons. (Ukrainian…
DetailsIn January-June Armenia exported 16.8 thousand tons of aluminum foil, up by 0.8% YoY, valued at $49.8 million, down by 9.1%. According to the Customs Service, the foil was exported to the US (33.1%), Germany (25.5%), the Netherlands (11.4%), Poland (9.5%), France (7%), Italy (5.8%), Austria (3.4%), Denmark (1.5%), the UK (1.2%), the Czech Republic…
DetailsThe Kumtor deposit still possesses over 104 tons of gold. Since 1997 some 384.3 tons of gold have been extracted at the deposit. “Now the total volume of gold reserves is 104.345 tons”, declared the chairman of the State Committee on Industry, Energy and Subsoil Use Emil Osmonbetov. According to Kyrgyzaltyn chairman Almaz Alimbekov, the…
DetailsIn January-August Amur region extracted 16.36 tons of gold, up by 7.6% YoY. In particular, ore gold accounted for 11.254 tons and alluvial gold – 5.109 tons. Ore gold output grew by 16%. The growth was mostly due to two Petropavlovsk mines – Albyn and Malomyr. The former produced 3.447 tons of gold, up by…
DetailsIn January-August Ukraine mined 20.293 million tons of coal, down by 8% YoY. In particular, extraction of coking coal dropped by 3.2%, to 3.939 million tons, and power-generating coal – by 9.1%, to 16.353 million tons. In August coal output decreased by 17.2%, to 2.422 million tons. Enterprises subordinate to the Ministry of Energy and…
DetailsIn January-August metal prices in Ukraine decreased by 5.4%, including local prices by 4.7% and export prices by 6.1%. According to the State Statistics Service, industrial prices at the same time grew by 7.6%, 9% and 1.5% respectively. Prices in metallic ore mining increased by 17.9%, 7.3% and 28%. This dynamics completely reflects global market…
DetailsSeverstal intends to borrow $800 million by issuing bonds with a maturity of 5 years. The interest rate will be 3.15%. The demand for the bonds with the maturity in September 2024 exceeded $2.2 billion. The company held a road show in London, Frankfurt and New York on September 5-6. Citi, KP Morgan, Societe Generale,…
DetailsThe supervisory board of the public joint stock company ArcelorMittal Kriviy Rih took a decision to hold an extraordinary meeting of its shareholders in Kriviy Rih on October 10. Agenda includes payment of dividends. Shareholders are proposed to spend 10,845 billion UAH for this that is equivalent to 2.81 UAH per ordinary share. If the…
DetailsThe head of the State Service on Geology and Subsoil Oleg Kirilyuk has signed an order to grant Lira Mine Minerals LLC a special license to mine gold in the Kirovograd region. The license grants the company rights to develop the Klintsy deposit (Central and Gubovsky sites) for 15 years. Lira Mine Minerals LLC was…
DetailsThe Guardian reported that a steel company Celsa Manufacturing UK, which has admitted health and safety failures over the deaths of two workers who were killed in an explosion at a plant in Cardiff, could be fined up to GBP 1.5 million. Celsa Manufacturing UK entered the plea on Wednesday, the day their trial was…
DetailsMagnitogorsk Iron and Steel Works (MMK), as part of its environmental programme, has begun reconstruction of the gas outlet at sinter plant No. 3. This will significantly reduce the plant’s anthropogenic impact on the environment. The project’s investment will amount to RUB 190 million. The reconstruction project will replace the duct which connects the sinter…
DetailsDomestic stainless steel prices in China narrowed over the past week amid a mixed outlook for demand in the next few weeks. Fastmarkets’ price assessment for stainless steel cold-rolled coil 2mm grade 304 domestic, ex-whs China in the country’s major market of Wuxi was 15,300-15,700 yuan ($2,150-2,206) per tonne including value-added tax for the week…
DetailsTata Metaliks Ltd has announced that the second blast furnace and its associated facilities in Kharagpur will undergo a planned shutdown, for maintenance and overhauling from September 12, 2019 at 10.00 AM. The operations are expected to be back on stream from September 16, 2019 at 10.00 PM.
Source of information
As part of the project to implement business process automation at the Magnitogorsk Iron and Steel Works (MMK), MMK-Informservice has entered into a general partnership agreement with UiPath, a world leader in producing software platforms for robotic process automation (RPA). The partnership will improve the efficiency of MMK’s large-scale project to automate business processes by…
DetailsThe price of steel rebar in the domestic market in Southern Europe was unchanged this week but lower prices were expected to emerge next week because of softer ferrous scrap costs, sources told Fastmarkets on Wednesday September 11. Participants said that there were rumours in the market that low prices had been offered to so-called…
DetailsIndia remains the lowest placed of all the subcontinent recycling destinations, with risible offerings, which remain stranded in the low-to-mid USD 300s/LDT and are still prevalent in Alang. Local port reports too showcase a marginal number of fresh arrivals at the waterfront and are further proof of the minimal number of sales taking place into…
DetailsDALIAN, Sept. 11 (Xinhua) — Iron ore futures opened higher Wednesday in daytime trading on the Dalian Commodity Exchange (DCE). The most active iron ore contract for January 2020 delivery gained 4.5 yuan (about 63 U.S. cents) to open at 655.5 yuan per tonne. As the world's largest importer of iron ore, China opened the…
DetailsThe three-month price of tin on the London Metal Exchange was higher at the close of trading on Wednesday September 11, settling at its highest level since June 21, while a steady downturn across the rest of the complex saw copper fall through its nearby $5,800 per tonne support level. Tin futures traded at an…
DetailsVallourec has been awarded a contract by Abu Dhabi National Oil Company for the supply of tubing and casing, over a five year period, with a possible 2-year extension, for an amount of USD 900 million. It covers a full range of products, from standard API to high end premium OCTG for both onshore and…
DetailsVietnam has initiated anti-dumping investigations on certain carbon steel imports from China following a request by local producers. Local manufacturers Posco Vietnam, China Steel Sumikin and Phu My Flat Steel, all based in the southern province of Ba Ria-Vung Tau, have alleged that certain cold-rolled carbon steel coils and sheets imported from China were being…
DetailsThe price of mesh-quality steel wire rod in the Northern European domestic market moved down this week amid poor demand from the key German market, sources told Fastmarkets on Wednesday September 11. Fastmarkets’ weekly price assessment for steel wire rod (mesh-quality), domestic, delivered Northern Europe, was €460-470 ($508-519) per tonne on Wednesday, down by €10-30…
DetailsMetalloinvest has joined the United Nations Global Compact an international initiative centred on corporate sustainability and social responsibility. As a party to the Global Compact, Metalloinvest has undertaken voluntary commitments to comply with the fundamental principles of the UNGC in the fields of human rights, labour relations, environmental protection and the fight against corruption. Metalloinvest…
DetailsDonghai Steel Group in Tangshan city in North China’s Hebei province, is planning to build a new 4 million tonne/year electric arc furnace-based steel mill in South China’s Guangdong province, a company official confirmed on Tuesday. Donghai Steel will invest some Yuan 6 billion ($843 million) to build the new steelworks, which will cover an…
DetailsAustralian 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