The price of mesh-quality steel wire rod in the Northern European domestic market moved down this week amid poor demand from the key German market, sources told Fastmarkets on Wednesday September 11. Fastmarkets’ weekly price assessment for steel wire rod (mesh-quality), domestic, delivered Northern Europe, was €460-470 ($508-519) per tonne on Wednesday, down by €10-30…Details
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Metalloinvest has joined the United Nations Global Compact an international initiative centred on corporate sustainability and social responsibility. As a party to the Global Compact, Metalloinvest has undertaken voluntary commitments to comply with the fundamental principles of the UNGC in the fields of human rights, labour relations, environmental protection and the fight against corruption. Metalloinvest…Details
Donghai Steel Group in Tangshan city in North China’s Hebei province, is planning to build a new 4 million tonne/year electric arc furnace-based steel mill in South China’s Guangdong province, a company official confirmed on Tuesday. Donghai Steel will invest some Yuan 6 billion ($843 million) to build the new steelworks, which will cover an…Details
Australian multi-metal miner Blackstone Minerals considers Vietnam a reliable and equitable jurisdiction for nickel production and export once the Indonesian ore export ban comes into effect in January 2020, chief executive officer Scott Williamson told Fastmarkets last week. With estimated refined production capacity of 10,000 tonnes per year, the company plans to develop its newly-acquired…Details
Business Line reported that Enforcement Directorate has attached assets worth INR92 crore of SPS Steel Rolling Mills and others under Prevention of Money Laundering Act, 2002 in a bank fraud case. The attached assets consist of shares of an entity owning five-star hotel, three luxurious apartments, an office building and 0.33 acres of land. ED…Details
Shipments at zero duty from FTA countries have shot up by 67% in April-July 2019 against a 58% increase in the same period last year (April-July 2018). KOLKATA: A sharp increase in steel imports from partner countries under Free Trade Agreements (FTA) last month has sent alarm bells ringing, with local mills approaching New Delhi…Details
In August pipe exports from Ukraine decreased by 33.5% MoM, to 46 thousand tons valued at $44.9 million, down by 36.8%. According to the State Fiscal Service, USA imported the most of seamless pipes – 30.32%. At the same time the country share in January-August decreased almost by half, from 66.2%. In January-August Ukraine exported…Details
Until the end of the year Sibir Coal Power Company (SUEK) intends to export over 50 million tons of coal. “The launch of the Sila Sibiri gas pipeline will not affect our exports to China. Coal consumption is growing all over the Asian-Pacific Region, and China is not the main player. It’s one of the…Details
ASIAN NICKEL CONF: Philippines unlikely to fill nickel ore supply gap arising from Indonesia’s export ban, participants say
Among the hotly debated topics at Fastmarkets’ seventh annual Asian Nickel Conference in Jakarta, Indonesia, this week was whether or not increased nickel ore shipments from the Philippines would be able to offset the supply gap that will arise once Indonesia halts exports of the material from next year. The majority of conference delegates were…Details
Nadezhdinsky Iron and Steel Works has started exporting steel to be used in the manufacture of pressure cylinders to European plants. In Q2 exports exceeded 2 thousand tons. “A trial batch of 66 tons was shipped in April. The customer carried out tests, saw the quality and started placing orders. In September-October we have to…Details
Cherepovets Iron and Steel Works has started constructing a plate-straightening machine No. 4. The cost of the investment project exceeds 1 billion rubles. The company plans to increase high-quality steel output to 10 thousand tons per year. The new machine is expected to reach its design capacity in Q1 2020. (Ukrainian metal)Details
Electrostal Tyumeni has mastered the manufacture of new metal products – angles No. 4 with flanges of 5, 4 and 3 mm made of carbon steel. A trial batch has already been shipped to the customer. The company continues mastering new products. In particular, in September-October it plans to start producing equal angles Nos. 3…Details
The Verkhovna Rada of Ukraine has approved a draft decree to implement licensing of uranium mining by the State Inspection of Nuclear Regulation. The draft decree has been backed by 293 members of the parliament. Now only processing and transportation of uranium ores are licensed. (Ukrainian metal)Details