In January-August Almalyk Mining and Processing Works manufactured 11.2 trillion sums worth of products, up by 8.1% from the target. Exports reached $578.4 million. With the help of a development program the company plans to increase its ore output more than 3-fold, to 100 million tons. Non-ferrous and precious metals output will grow 2-fold, and…Details
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Until 2024 Norilsk Nickel will invest 700 billion rubles in the development of manufacture in the Norilsk industrial district in Krasnoyarsk region. The Sulfur project will receive some 200 billion rubles. The rest will be invested in the modernization of mines and processing factories. The Sulfur project is the project to recycle sulfur dioxide at…Details
Amurstal hosted a meeting with the delegation of Posco Deawoo. In 2018 a contract was signed for the delivery of 300 thousand tons of steel billets. “The Torex group of companies is selling the billets via two major companies – Samsung and Posco Deawoo. With them we have contracts. In the past two years Amurstal…Details
ArcelorMittal Kriviy Rih intends to spend 10.8 billion UAH to pay dividends. This amount corresponds to 2.81 UAH per ordinary share. The dividends will be paid via the Ukraine’s depositary system. AMKR is the largest manufacturer of rolled steel in Ukraine. Mittal Steel bought 93.02% of Krivorozhstal in 2005 for 24.2 billion UAH. (Ukrainian metal)Details
Indian Express reported that Delhi police, a month after Steel Authority of India Limited chairman Mr Anil Kumar Chaudhary was assaulted by armed men, have established that it was a premeditated attack over a deal not going through. The special task force of the Crime Branch has arrested a 62-year old private contractor, Ashok Kumar…Details
ccused wanted to avenge loss of contract worth crores A coal contractor has been arrested for allegedly conspiring to attack Steel Authority of India Limited (SAIL) chairman Anil Kumar Chaudhary and make it look like a road rage case, the police said on Monday. Deputy Commissioner of Police (Crime Branch) Dr. Ram Gopal Naik confirmed…Details
Base metals prices on the Shanghai Futures Exchange exhibited mixed movements during morning trading on Tuesday September 10 while the complex reacts to global economic growth concerns and China relaxing its monetary policy. China’s disappointing trade data for August, with exports unexpectedly down 1% year on year, weighed on market sentiment at a time when…Details
The Philippine Star reported that Philippines local manufacturers have urged the Department of Trade and Industry and the city government of Manila to monitor hardware stores selling substandard steel angle bars, saying the use of these materials especially in billboards poses risks to life and property. The Steel Angles, Shapes, Sections Manufacturers Association of the…Details
The export price for Chinese ferro-silicon has reached a 27-month low amid persistent weak demand and tough international competition, Fastmarkets heard on Monday September 9. In Europe, the market extended its steady trend into a third week in a row, but losses were looming amid an expectation of weaker settlements for deliveries in the fourth…Details
Vietnam News reported that Vietnam steel exports have reached almost USD 2 billion so far this year an increase of almost 15% compared to the same period in 2018. According to the General Department of Customs, Viet Nam’s steel exports in July rose by 4.7% from the previous month. The steel exports saw an increase…Details
Stocks of the five major finished steel items at Chinese traders and steel mills declined during the week of August 29-September 4, as steel demand from downstream users recovered gradually amid the traditional peak season for steel consumption over September-October, Mysteel Global has learned. Total inventories of the five major steel items comprising rebar, wire…Details
Manganese ore prices continued to soften over the past week, after a reduction in the September prices for silico-manganese further damped sentiment in the market. Manganese ore prices drop in China after alloy tender is cut Spot domestic silico-manganese prices slide in China Indian silico-manganese prices weaken further European alloy price holds steady in thin…Details
Malaysia has imposed temporary anti-dumping duties of 3.70 to 20.13% on cold rolled and non-alloy steel imported from Vietnam. They will apply for 120 days, starting retrospectively from August 26, according to the Department of Trade Remedies under the Ministry of Industry and Trade. The decision follows a recent investigation by Malaysia’s Ministry of International…Details