The uptrend in the iron ore market since 2019 started halted in August, with a month-on-month price decline of 24% for 62% Fe material and a 23% price decline for 65% Fe material. The 65% Fe derivatives contract on the Singapore Exchange – which was launched in December 2018 and settled against Fastmarkets’ daily 65%…Details
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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…Details
China’s domestic iron ore concentrate prices dipped again over August 26-30, falling by another Yuan 3-70/tonne ($0.4-9.8/t) on week, with offer prices being lower than procurement prices from Chinese steel mills as sellers tried to increase sales, according to Mysteel’s latest weekly survey. As of August 30, Beipiao, in Northeast China’s Liaoning province, saw its…Details
China’s domestic rebar prices rose again on Tuesday September 3, supported by strong futures prices even though trading was not very active. Domestic Eastern China (Shanghai): 3,620-3,650 yuan ($504-508) per tonne, up 30 yuan per tonne Northern China (Beijing): 3,600-3,620 yuan per tonne, up 20 yuan per tonne The rebar futures price on the Shanghai…Details
In August Yuzhniy Mining and Processing Works produced 1046.6 thousand tons of concentrate, almost unchanged YoY. Sinter manufacture dropped by 16.3%, to 87.6 thousand tons. In January-August UGOK increased concentrate production by 2.7%, to 8365.8 thousand tons. Sinter output decreased by 17%, to 877.4 thousand tons. (Ukrainian metal)Details
Altyn Plc reports the restoration of gold output volumes in July after the drop in H1 due to the machinery breakage and delays in drilling programs. Losses before interest in H1 totaled $603 thousand as opposed to profit of $603 thousand in January-June 2018. The company is negotiating a loan of $17 million to spend…Details
In June Russia exported 1.3 thousand tons of ferrotitanium, down by 26.6% MoM and by 4.6% YoY. Exports to the Netherlands have been falling for several months in a row, reaching 917 tons in June. At the same time deliveries to China increased 4-fold, to 220 tons. In H1 ferrotitanium exports totaled 9.2 thousand tons,…Details
In August Russian Railroads transported 109 million tons of cargo, up by 0.2% YoY. In 8 months transportation totaled 850.5 million tons, down by 1.1%. In particular, RZD transported 246 million tons of coal, down by 1.3%, 7.2 million tons of coke, down by 0.9%, 79.6 million tons of iron and manganese ore, up by…Details
Mechel-Service LLC has supplied the first 370 tons of rebars for the construction of a bridge over the Belaya River in the city of Ufa. The construction is of utmost importance for the republic. The two existing bridges built in 1956 and 1992 are overloaded. The new bridge with the length of almost 689 meters…Details
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…Details
NLMK Group, a global steelmaking company, has announced that following the August 2019 review of the MSCI ESG Ratings assessment, NLMK’s overall ESG score has improved from BB to BBB (on an AAA – CCC scale, where AAA is the highest score). Previously, FTSE Russell confirmed that the company remained a constituent of the FTSE4Good…Details
The Russian government has set up a 1.009-million ton quota for exports of ferrous metal scrap and waste to the countries outside the Eurasian Economic Union starting from September 1 until the end of 2019, the government said in a ruling published on the website for disclosure of data on state procurements. The Industry and…Details
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…Details