The price of mesh-quality steel wire rod in the Northern European domestic market decreased this week because of poor demand, sources told Fastmarkets on Wednesday September 4. Fastmarkets’ weekly price assessment for steel wire rod (mesh-quality), domestic, delivered Northern Europe, was €470-500 ($515-548) per tonne on Wednesday, down by €10-15 per tonne. Underlying consumption of…Details
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ArcelorMittal Kryvyi Rih announced that on September 3, 2019the Security Service of Ukraine again visited the company to inspect the coke production facilities. It said “11 SBU representatives were admitted to the enterprise, accompanied by specialists from the Main Department of Environmental Inspection and the State Food and Beverage Service in the Dnipropetrovsk Region and…Details
Ministry of Natural Resources confirms effectiveness of MMK’s environmental programme 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 programme, the Comprehensive Air-quality Index (CAI) indicator for the city will be reduced to a low level by 2025. The draft…Details
A glance through the latest expert views and predictions about commodities. Indonesia's nickel export ban; metallurgical coal; and iron ore. -Severe market tightness may not eventuate despite Indonesia's nickel ore export ban -China may no longer be the marginal setter of seaborne coking coal prices -Iron ore likely to remain in deficit over 2019 Nickel…Details
The price range for steel rebar in the domestic market in Southern Europe widened downward this week with decreasing ferrous scrap prices and falling demand for exports from customers in Northern Europe, sources told Fastmarkets on Wednesday September 4. Fastmarkets’ weekly price assessment for steel reinforcing bar (rebar), domestic, delivered Southern Europe, was €460-485 ($504-531)…Details
Tata Steel UK will supply high frequency induction line pipe for a gas condensate field in the UK central North Sea. The company will manufacture more than 55 km (34 mi) of 18-in. carrier pipe for a pipe-in-pipe system on the field at its 20-in. mill in Hartlepool, northeast England. Barry Rust, Marketing Manager, Energy…Details
Singapore — The steel purchasing managers' index published by northern China's Hebei province fell 0.4 basis points from the previous month to 47 points, out of 100, in August, indicating the underlying softness of China's steel market. It was the fourth consecutive monthly drop, according to the latest data released by the Hebei Metallurgical Industry…Details
Seaborne iron ore prices pushed up on Wednesday September 4 after looser production restrictions were confirmed for steelmakers in Tangshan. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $91.32 per tonne, up $2.18 per tonne. 62% Fe Pilbara Blend fines, cfr Qingdao: $91.71 per tonne, up $2.18 per tonne. 62% Fe low-alumina fines, cfr Qingdao: $89.10 per…Details
Yonhap reported that a South Korean delegation will head to India this week for talks with counterparts over India’s trade restrictions on South Korean steel and chemicals. South Korea’s foreign ministry said “A group of government officials from the South Korean foreign affairs and trade ministries will meet Sunil Kumar, an official at India’s Ministry…Details
China's property sector will continue to generate healthy steel demand through 2019 Manufacturing shows signs of bottoming but unlikely to walk out of depression in the short-term Long steel will outperform flat steel in the remainder of 2019; flats margins may improve from H1 Singapore — China's property construction sector will be the major driver…Details
The London Metal Exchange three-month copper price increased during morning trading on Wednesday September 4, paring back the bulk of Tuesday’s losses, while high turnover also drove tin’s outright price higher. Copper futures improved by some 1.6%, trading at an intra-morning high of $5,700 per tonne, while around 5,500 lots had been exchanged by 9am…Details
The office of the large taxpayers is trying to recover 109.4 million UAH of debt from the state coal company Krasnolimanskaya. The Donetsk district administration court registered the corresponding claim on August 21. According to the State Fiscal Service, as of March 25 the company debt totaled 486.4 million UAH. In May a part of…Details
Beloretsk Iron and Steel Works has for the first time certified its welding wire for the welding of metal structures of lifting, transport, mining and metallurgical machinery. In particular, the welding wire with the diameter of 3 mm has been certified at the request of Uralmashzavod, the largest machine-building enterprise in Russia. The inspection of…Details