Seaborne iron ore prices rose strongly above $90 per tonne cfr China on Monday September 9, reflecting gains in the futures and steel markets after the Chinese government boosted liquidity in the commercial banking sector. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $92.97 per tonne, up $3.92 per tonne. 62% Fe Pilbara Blend fines,…Details
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Based on the Commerce Department’s most recent Steel Import Monitoring and Analysis data, the American Iron and Steel Institute reported that steel import permit applications for the month of August totaled 2,134,000 net tons. This was a 40.8% decrease from the 3,606,000 permit tons recorded in July and a 29.6% decrease from the July final…Details
Singapore — India's crude steel production fell in August to 8.99 million mt, down 2.3% from 9.20 million mt a year ago, provisional data released late Friday by the Joint Plant Committee showed. Apparent steel consumption in August was 8.61 million mt, up 1.7% from 8.47 million mt the year before.Hot metal production in August…Details
In January-August Ukraine exported $69.697 million worth of aluminum and its wares, down by 26.1% YoY ($9.157 million in August). Lead exports dropped by 32.7%, to $16.843 million ($1.929 million) and nickel – by 40.2%, to $3.48 million ($0.213 million). Ukraine exported $416 thousand tons worth of zinc ($31 thousand in August) as opposed to…Details
According to the State Fiscal Service, in January-August Ukraine decreased imports of nickel and nickel wares by 12.2%, to $58.301 million ($5.468 million in August). At the same time imports grew by 5.7%, to $261.639 million ($33.214 million in August), and lead – by 1.5%, to $8.906 million ($1.426 million). Tin imports dropped by 27.7%,…Details
In January-August Ukraine increased copper and copper wares imports by 24.1% YoY, to 75.131 million. According to the State Fiscal Service, exports dropped by 47.6%, to $58.229 million. In August copper imports totaled $11.752 million and exports – $6.065 million. (Ukrainian metal)Details
In January-August Ukraine exported 27.214 million tons of iron ore raw materials, up by 10.1% YoY, valued at $2.499 billion, up by 33%. According to the State Fiscal Service, China accounted for 32.35% of deliveries, Poland for 12.67% and the Czech Republic for 9.62%. In 8 months Ukraine imported 108 tons of iron ore raw…Details
In January-August decreased titanium-containing ore and concentrate exports by 2.1% YoY, to 410.261 thousand tons, valued at $100.226 million, up by 14.2%. According to the State Fiscal Service, exports went to Egypt (18.72%), the Czech Republic (17.56%) and Russia (16.5%). In 8 months Ukraine imported 6602 tons of ore from Senegal and Vietnam valued at…Details
LIVE FUTURES REPORT 09/09: LME aluminium price outperforms in lackluster morning trade; nickel down 1%
The three-month aluminium price on the London Metal Exchange was higher during morning trading on Monday September 9, with a 0.6% gain against continued outflows in LME stocks, while spread tightness in nickel futures has been a key factor in reduced buying. The light metal’s three-month price began the day trading at around $1,777.50 per…Details
Interpipe has appointed Andrey Burtsev a new director on pipe sales in Ukraine, Near East, Africa and Asia. Burtsev started working in his new office on September 1. In addition to sales on Near East, African and Asian markets he will also be responsible for Interpipe commercial activity in Ukraine. Andrey Burtsev has been working…Details
Dalpolymetal, the largest lead concentrate producer in Russia, will invest 1.3 billion rubles in the project of its modernization. In the next 10 years the company intends to carry out 130 km of excavation, or 25% of what has been done in 129 years. In late August Dalpolymetal was added to the list of regional…Details
The territory of advanced development Zabaikalye has welcomed a new resident – Mangasea Zoloto, a daughter company of Daltsvetmet. It will construct a mining and processing enterprise and a gold-extracting factory with the capacity of up to 1 million tons of ore per year on the basis of the Nasedkino deposit. When the enterprise reaches…Details
Magadan region, Gazprombank and RusHydro will help Pavlik construct the second stage of Pavlik Mining and Processing Works, which will increase ore processing to 10 million tons per year. At present the company capacity is around 4 million tons of ore (8 tons of gold) per year. When the second stage of the plant is…Details