More in Russian

BanSys

Place your advertisement here

 

Sales volumes for Brazilian distributors of flat-rolled steel rose year-on-year in July for the fifth month this year, with figures recovering from a weak performance in 2018 and companies continuing to destock, national steel distributors’ association Inda said on Wednesday August 21.

NewnewsLeave a comment

Sales volumes for Brazilian distributors of flat-rolled steel rose year-on-year in July for the fifth month this year, with figures recovering from a weak performance in 2018 and companies continuing to destock, national steel distributors’ association Inda said on Wednesday August 21. An error in Inda’s press release for June meant that a year-on-year fall…

Details

Uncertainty and Price Volatility Dampens Steel Demand in Emerging Markets

NewnewsLeave a comment

Business sentiment is unsettled, in Brazil. Distributors and end-users are frustrated with the increased transaction values proposed by their domestic suppliers. The latest initiative, delayed until July, is viewed as excessive. The business climate is challenging, in the Russian Federation. Inventory levels are being controlled, throughout the supply chain. We note a reluctance on the…

Details

MMK placed US$500 mm Eurobonds

NewnewsLeave a comment

Magnitogorsk Iron and Steel Works (“MMK”), one of the largest steel suppliers in Russia rated Baa2 (Moody’s) / BBB (Fitch) / BBB- (S&P), returned to the international market after more than 15 years with a successful placement of 5-year US$500mm Eurobonds with an annual coupon rate of 4.375% payable semi-annually. The proceeds of the issue…

Details

Brazilian steel slab producers are close to resuming bookings of semi-finished material to clients in the United States for November shipment, while they look forward to the renewal of the annual Section 232 import quota for 2020.

NewnewsLeave a comment

Brazilian steel slab producers are close to resuming bookings of semi-finished material to clients in the United States for November shipment, while they look forward to the renewal of the annual Section 232 import quota for 2020. Such material would arrive at US ports in late December and early January, market participants said. “We are…

Details

NLMK Group signs cooperation agreements with Russia’s leading steel traders

NewnewsLeave a comment

NLMK Group, a global steel company, has signed cooperation agreements with leading players in the steel trading market: Metallservis and Steel Industrial Company, whose total sales in 2018 amounted to 4.3 million tonnes of steel products. As part of the partnership, traders will be able showcase their entire product range through NLMK’s https://nlmk.shop/ online marketplace,…

Details