Bankers to take a near 30% haircut; operational creditors to get `350 crore against admitted claims of `733.76 crore Sajjan Jindal-promoted JSW Steel has finally won Bhushan Power and Steel (BPSL) with its Rs 19,700-crore bid having been accepted by the National Company Law Tribunal (NCLT). At this price, bankers will be taking a near…Details
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A tighter supply-demand balance for iron ore at Chinese ports coupled with sharp price decreases in the seaborne market have led to the steelmaking raw material being sold at large premiums at the docks in China. Fastmarkets’ implied China port price for 62% Fe iron ore fines, fot Qingdao was $10.18 per tonne higher than…Details
In January-August Ukraine transported 1.05 million tons of metal products via the Dnipro River, up by 33.9% YoY. Overall transportation grew by 29.3%, to 6.88 million tons. In January-June metal transportation increased by 45% YoY, to 647 thousand tons. (Ukrainian metal)Details
In January-August Ukraine received $6.3 billion of revenue from the exports of ferrous metals, down by 10% YoY. According to the State Statistics Service, ferrous metals accounted for 19.08% of total revenue, down from 22.65% in 2018. In August exports revenue was $685.68 million. Imports of ferrous metals in 8 months dropped by 4.4%, to…Details
Early on September 5 fire break out on the territory of Metinvest – Kriviy Rih repair-mechanical plant. According to the emergency service, a transformer in the foundry shop took fire. The fire has damaged the electric cable. The size of the fire was 3 meters. There were no casualties. According to the Metinvest press-service, the…Details
In January-August Ukraine exported 37.082 thousand tons of ferrous metals scrap, down 8.1-fold YoY, valued at $10.259 million, down 9.6-fold. In particular, in August Ukraine exported 155 tons of scrap, in July – 204 tons, in June – 208 tons, in May – 8.086 thousand tons, in April – 8.791 thousand tons, in March –…Details
Rosteh is ready to start designing and constructing an enterprise to process tungsten-molybdenum ores in Tyrnyauz, Kabardino-Balkaria. A mine, a processing factory and a hydrometallurgical plant with the capacity of 4.5 thousand tons of tungsten oxide will be built. Investments in the project will total 20 billion rubles. The cost of the license to develop…Details
In August Energomashspetsstal shipped a batch of supporting rolls with the weight of 322 tons to ArcelorMittal Temirtau, Kazakhstan. The corresponding agreement was signed in January. The batch comprised of 9 supporting rolls for hot- and cold-rolled mills. Another 9 rolls with the combined weight of 268 tons have been shipped to ArcelorMittal European plants.…Details
Russian Copper Company and the Far East Development Fund have concluded an agreement on financing the construction of a mining and processing works at the Malmyzh gold-copper deposit in Khabarovsk region. The fund will provide 7 billion rubles as a long-term loan. The Malmyzh deposit was discovered in 2006. Its reserves are estimated at 5.156…Details
In June Russia exported 309.9 tons of tungsten ore and concentrate, up by 24% MoM and by 152.8% YoY. Deliveries to Korea grew by 49%, to 187 tons, but to Austria dropped by 52%, to 60 tons. In H1 tungsten ore and concentrate exports totaled 934 tons, up by 67% YoY. In monetary terms since…Details
Two companies – AzerGold and Anglo Asian Mining – are operating in the sphere of mining of precious metals in the country. AzerGold produced 34,678 ounces of gold and 63,698 ounces of silver in January-August, the company said in a message. The growth in gold mining amounted to 24.4% compared to the same period in…Details
In June Russia exported 1.5 thousand tons of raw chromium, up by 8% MoM, but down by 6% YoY. Deliveries to US remained unchanged at 393 tons, while exports to the Netherlands grew by a third, to 1.1 thousand tons. In H1 raw chromium exports totaled 9 thousand tons, down by 11.2% YoY. In monetary…Details
In June Russia imported 17.1 thousand tons of ferrosilicomanganese, up by 28.2% MoM, but down by 32.3% YoY. Imports from Georgia increased by 24%, to 9.2 thousand tons, and from Kazakhstan – by 49%, to 5.8 thousand tons. At the same time deliveries from Norway did not change – 2 thousand tons. In January-June Russia…Details