enchmark 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)…Details
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Steel 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…Details
ET 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…Details
The 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…Details
The 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…Details
In 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…Details
Evraz 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…Details
At 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…Details
In 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…Details
During 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…Details
Nikopol Ferroalloy Plant has fulfilled its duties to the National bank of Ukraine under an amicable agreement by clearing the PrivatBank debts on the refinancing loan. In May 2018 the NBU filed a claim to the Commercial Court of Dniepropetrovsk region to recover NZF assets pledged to PrivatBank to receive the refinancing loan. On August…Details
Stoilensky, a part of NLMK Group, a global steel company, has began construction of a new stage (Stage 3) of its thickening unit, a hydrotechnical facility that dewaters the slurry, and thickens the solids, before transporting them to dedicated tailing pits. The separated water is recycled and returned into the process. This project will enable…Details
Under an investment project to reconstruct Tashtagol mine the first self-propelled machines have reached the enterprise. A drilling rig, a boring machine and a loading machine have been commissioned at the depth of 280 meters. Until the end of the year the mine will receive three more machines. Until 2021 Evraz intends to have 20…Details