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…
DetailsGerman 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…
DetailsTrading 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…
DetailsIn 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…
DetailsIn 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…
DetailsSeverstal-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…
DetailsRusal 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…
DetailsAt 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…
DetailsMagnitogorsk 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…
DetailsNLMK 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…
DetailsInformation 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…
DetailsOne 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…
DetailsDonetskstal 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…
DetailsIn June Russia exported 4.8 thousand tons of ferromanganese, down by 12% MoM and by 22.5% YoY. US imported 1.9 thousand tons of ferromanganese, down by 23% MoM, and Turkey decreased purchases by 58%, to 818 tons. In H1 ferromanganese exports totaled 33.2 thousand tons, up by 25.2% YoY. In monetary terms since the start…
DetailsThe Federal Agency on technical regulation and metrology (Rosstandart) has approved the GOST 1628-2019 “Copper rods. Technical conditions” standard.
The standard will replace GOST 1628-78.
It will become valid from December 1. (Ukrainian metal)
The Federal Antimonopoly Service has allowed a company affiliated with Translom to buy the Sinara Group scrap procuring business. According to the analysts the merged company will not control more than 14% of the scrap market. In particular, Germes was allowed to buy TMK-Chermet. There are no companies with the market share over 35% in…
DetailsCherepovets Iron and Steel Works has finished capital repairs of the converter No. 2 in the converter steel shop. The capital repair of the main technological machinery will increase the strength and resistance of all the converter units and will also improve the quality of steel. The repair was finished several hours ahead of schedule.…
DetailsEurasian Economic Committee has prolonged the antidumping investigation on imports of stainless steel hot-deformed seamless pipes from China. The investigation has been prolonged till December 3. It was started on August 31, 2018 and covers pipes with the outer diameter of up to 650 mm. The investigation was initiated by Volzhsky Pipe Works, Pervouralskiy Pipe…
DetailsRussian gold producer Polyus has finished drilling at the Sukhoi Log gold field and plans to finish the project’s feasibility study before 2021, CEO Pavel Grachyov announced. “We finished the drilling program we started in 2017. It was an important and capital-intensive stage. We are now analyzing drilling samples, which would take several months. We…
DetailsZaporizhstal has launched a system of “Mobile traffic lights” to monitor manufacturing processes. The system started working in trial mode in the sheet hot-rolling shop. 2 thousand sensors have been installed to read 130 thousand parameters of machinery operation. Now there is no need to fill in a lot of forms or to use computer…
DetailsFitch Solutions Macro Research has revised downwards its 2019 global steel price forecast as global prices continue to be hammered by poor sentiment amid ongoing US-China trade tensions and increasing downside risks to the global economy. It said “In the long term, Fitch Solutions maintains its view that prices will ease and embark on a…
DetailsWASHINGTON (Reuters) – The U.S. Commerce Department said on Wednesday it had made a preliminary determination that China and Mexico had dumped certain fabricated structural steel on the U.S. market.As a result, the department said, it imposed duties of up to 141% on Chinese structural steel and up to 31% on Mexican structural steel. The…
DetailsWith the exception of nickel and lead, base metals prices on the Shanghai Futures Exchange were up during the morning trading session on Thursday September 5, with the complex buoyed by improved risk sentiment following an easing of geopolitical tensions and softer dollar. Investors’ appetite for risk has grown following favorable geopolitical events overnight that…
DetailsKnown for its investments on the African continent, particularly in Algeria, Tosyali Holding one of the world’s leading steel producers with plants on three different continents, is now gearing up for a major investment in the West African country of Senegal. The holding will establish Tosyali Economic Zone in Senegal. Chairman Mr Fuat Tosyali said…
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