Ukrainian Metal
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Global scrap prices continued to fall in all major markets during the week ended Friday September 20, under pressure from persistent negative sentiment and with market participants seeing no prospect of relief. Turkey import prices fall further; suppliers accept lower prices US export prices down for cargoes sold off both coasts Asian import prices decline…
DetailsThe trend toward connected, self-driving, shared and electric vehicles is quickly moving from concepts to commercial viability. Self-driving vehicles will introduce a new kind of freedom both for the driver and its occupants. Vehicles will no longer be designed around the driver but designed to serve the needs and comfort of the occupants. With the…
DetailsExport prices for pig iron from Brazil have gone down on the influence of weak global scrap pricing and fading demand, sources told Fastmarkets during the week ended Friday September 20. Fastmarkets’ weekly price assessment for pig iron, export, fob Vitorio/Rio, Brazil, was $285-300 per tonne on Friday, down from $305-310 per tonne last week.…
DetailsTASR reported that labour unionists delivered a petition signed by employees of US Steel Kosice to Prime Minister Peter Pellegrini urging the Government to take action to help save steel industry jobs in both Slovakia and Europe. The petition was launched at US Steel Kosice on July 22. OZ KOVO company labour union head Juraj…
DetailsBrazilian slab export prices remained unchanged in the week ended Friday September 20, with no deals agreed while buyers and sellers battled to establish a new price. Fastmarkets’ weekly price assessment for steel slab, export, fob main port Brazil, was $420-435 per tonne on September 20, unchanged week-on-week. The price corresponded to the most recent…
DetailsWA reported that Australia’s largest steel company BlueScope in 2013 elevated Mr Jason Ellis, the son of former BHP chairman Mr Jerry Ellishim from a regional divisional manager in Thailand to one of the most senior positions in the company the general manager of sales and marketing. Within months of assuming his position, one that…
DetailsSHANGHAI, Sept. 20 (Xinhua) – Steel futures opened lower Friday in daytime trading on the Shanghai Futures Exchange. The most active construction steel rebar contract for January delivery was down 66 yuan (about 9.33 U.S. dollars) to open at 3,381 yuan a tonne. The most active January 2020 contract for hot rolled coils, mainly used…
DetailsPrices for imported flat-rolled steel in South America were mostly down in the week to Friday September 20, given a continuing global downtrend and low demand from the region. Fastmarkets assessed the price for steel hot-rolled coil import, cfr main ports South America, at $490-500 per tonne on September 20, down from $500-515 per tonne…
DetailsFor the first time in over 50 years of cooperation, Primetals Technologies and Tata Steel Europe have commissioned a Level 2 system for a continuous caster completely online. In mid-July 2019, the newsystem from Primetals Technologies successfully replaced the existing automation on continuous casterCC21 of Tata Steel Europe in IJmuiden, the Netherlands. At the same…
DetailsIndian steel industry is facing some challenges amid the ongoing trade war between the US and China, according to Union Steel Minister Dharmendra Pradhan. The minister also noted that the global steel industry is facing the challenge of surplus production. Pradhan was interacting with reporters on the sidelines of two-day International Galvanising Conference event here.…
DetailsCIS producers of steel billet have kept their offer prices stable despite mounting downward pressure from the poor international scrap trading environment and limited demand, market sources told Fastmarkets on Friday September 20. Fastmarkets’ daily steel billet index, export, fob Black Sea, CIS, was $357 per tonne on September 20, compared with $356 per tonne…
DetailsJSW Steel Ltd informed BSE that it has repaid debt of INR 1,148.59 crore to take a release of 5.07 crore of its pledged shares, representing about 2.09% of its share capital. The debt was repaid by three promoter entities that got their pledged shares released. These were, JSW Techno Projects Ltd. that repaid about…
DetailsVNA reported that escalating trade tensions and rising protectionism have caused a formidable pressure on Vietnamese steel sector. The Vietnam Steel Association has said local steel producers faced difficulties in the first months of 2019 when prices averaged just 650 USD per tonne, a fall of 12 percent compared to the same time last year,…
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