India Ratings and Research has revised its outlook on the steel sector to stable-to-negative from stable for the remainder of FY20 given sluggish steel demand growth expectations owing to mix of structural and cyclical concerns in end-user sectors, primarily auto and real estate construction. Hence, Ind-Ra has revised downwards its FY20 steel demand growth expectations…Details
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German steel giant Thyssenkrupp AG will have to leave Germany's benchmark DAX index on September 23, the Deutsche Boerse announced on Wednesday evening. Thyssenkrupp will be replaced by German aircraft engine manufacturer MTU Aero Engines AG, the Deutsche Boerse said. After its exit from the DAX, Thyssenkrupp will be included in the MDAX index, the…Details
Trading activity in China’s domestic rebar market picked up on Thursday September 5 due to an open arbitrage window between physical and futures prices. Domestic Eastern China (Shanghai): 3,650-3,680 yuan ($510-514) per tonne, up 20 yuan per tonne Northern China (Beijing): 3,640-3,660 yuan per tonne, up 30-40 yuan per tonne A gap of about 200…Details
In January-July Ferrexpo exported 5.995 million tons of iron ore pellets. In particular, Poltava GOK exported 5.267 million tons and Yeristovo GOK – 728 thousand tons. At the same time Metinvest (Russia) exported 3.762 million tons of pellets (Mikhailovsky GOK – 3.144 million tons and Lebedinsky GOK – 618.5 million tons). Metinvest exported 2.952 million…Details
In August Russian Railroads transported 109 million tons of cargo (108 million tons in July), up by 0.2% YoY. In January-August throughput dropped by 1.1%, to 850.5 million tons. Iron and manganese ores accounted for 79.6 million tons, up by 2.9%. RZD also transported 50.1 million tons of ferrous metals, down by 4.6%, and 10…Details
Severstal-Metiz has confirmed the correspondence of its quality management system to the IATF 16949:2016 and ISO 9001:2015 standards. The IATF 16949:2016 certificate confirms that the company quality management system corresponds to the requirements of the car industry enterprises. It allows the company to continue supplying to the largest car manufacturers. The certificate is valid till…Details
Rusal is preparing to transfer a part of its central office employees from Moscow to Krasnoyarsk. In 2019-2020 over 300 employees will be relocated. Krasnoyarsk region hosts Rusal’s largest assets – Krasnoyarsk and Boguchanskiy Aluminum Plants, Achinsk Alumina Plant as well as plants to produce car discs. The relocation of the central office employees to…Details
At the Eastern Economic Forum in Vladikavkaz the autoclaves Nos. 3 and 4 of Pokrovsky Autoclave-Hydrometallurgical Plant have been put into operation. The plant has been operating in trial mode since December 2018. Since then more than 2 tons of gold have been produced of refractory ores of the Malomyr deposit. In July processing of…Details
Russia: Ministry of Natural Resources confirms effectiveness of MMK’s environmental program to improve air quality in Magnitogorsk
Magnitogorsk has been excluded from the list of cities with the most polluted air in 2018, according to a report by the Russian Ministry of Natural Resources and Environment. Thanks to MMK’s large-scale environmental program, the Comprehensive Air-quality Index (CAI) indicator for the city will have been reduced to a low level by 2025. The…Details
NLMK Lipetsk, NLMK Group’s flagship production site, has completed the construction of a road in the village of Teploye, Lipetsk region, employing a new soil stabilization technology, which uses steel slag. This road will not need repairs for at least three years, and has a price tag three times lower than regular asphalt and concrete…Details
Information of the government on Kumtor was included in September work schedule of the Parliament of Kyrgyzstan. The Cabinet of Ministers should report on the fulfillment of resolutions of the Parliament dated February 26, 2015 and June 29, 2015. At the same time, the Committee on Fuel, Energy Complex and Subsoil Use will first consider…Details
One person has been killed at the Skochinsky mine in the occupied city of Donetsk on September 4. “At about 09:30 a blast occurred on the territory of the Skochinsky mine. The explosion occurred on the surface – in the wasteland not involved in production. One person who was an employee of the mine was…Details
Donetskstal estimates investments in the construction of new objects at Pokrovskoye Mine Group to extract coking coal at 530 million UAH per year. “None is carrying out such products in Ukraine now. Moreover, in the post-Soviet space only a handful of companies actively invest in the development of coal industry,” the company CEO Ildar Saleyev…Details