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Information that the government of Kyrgyzstan, under a new agreement with Centerra Gold, allegedly agreed to allocate 16,000 hectares of land in Sarychat-Ertash nature reserve for gold mining appeared on social networking websites. Chairman of Kyrgyzaltyn OJSC Almaz Alimbekov denied the information. According to him, the territory of the concessional area, including 16,000 hectares, is…
DetailsIn January-July Dneprospetsstal manufactured 4.972 billion worth of products, down by 12.4% YoY. The total cost of products manufactured in July was 673.052 million UAH, up by 1.5% MoM. In 7 months steel output dropped by 14.8% YoY, to 125.983 thousand tons, and rolled metal – by 10.9%, to 87.579 thousand tons. In July DSS…
DetailsIn June Russia exported 12.3 thousand tons of ferrochromium, down by 36% MoM and by 45.3% YoY. Deliveries to China dropped by 90%, to 208 tons, and to the US – by 61%, to 4 thousand tons. Exports to the Netherlands decreased by 6%, to 4.3 thousand tons. In 6 months ferrochromium exports totaled 69.7…
DetailsSince the start of the year Rosterminalugol has exported 16 million tons of coal. In the record-setting 2017 such level was reached on September 1. The 16-millionth ton of coal was a part of the batch of 108 thousand tons loaded onto the Anglo Alexandria (Post-Panamax) vessel. This was the 26th ship with the deadweight…
DetailsEvraz has supplied some 1700 tons of steel flanged beams for the construction of the plant to produce Mercedes-Benz cars in Russia. Evraz NTMK beams were used in the manufacture of steel structures for the main shop. In particular, Evraz NTMK produced 20K1, 20K2 and 25K1 beams of C345 steel alloyed with vanadium, which made…
DetailsTimes Of India reported that Dr BN Singh, a former chairman and managing director of Rashtriya Ispat Nigam Ltd said that “That the crude steel production has declined over June is reflective of the broader softening in the economy. When there is no demand from critical industries like construction and the automobile sector, then steel…
DetailsIn August Zaporizhstal produced 350.9 thousand tons of steel, down by 1.5% MoM. According to the company press service, pig iron manufacture dropped by 0.4%, to 393.9 thousand tons, and rolled metal – by 3.9%, to 290.3 thousand tons. In January-August Zaporizhstal produced 2.845 million tons of pig iron, 2.691 million tons of steel and…
DetailsIn August Ukraine increased steel output by 8.5% MoM, to 1.936 million tons. Pig iron manufacture grew by 10.5%, to 1.819 million tons, and rolled metal – by 3.6%, to 1.568 million tons. In January-August Ukraine produced 14.65 million tons of steel, 13.71 million tons of pig iron and 12.55 million tons of rolled metal,…
DetailsRussian aluminum producer RUSAL plans to accept bids for at least 10 billion rubles of 10-year exchange bonds on September 5, a banking source reported. The first coupon guidance was set at 8.50-8.65%, which corresponded to an 8.68-8.84% yield to 3-year put. RUSAL Bratsk will be the issuer. Technical placement is preliminarily scheduled for September…
DetailsVostochniy Mining and Processing Works has ordered Epiroc Ukraine LLC the delivery of an underground dump truck for 13.15 million UAH. Until April 2020 the Smolinskaya mine in Kirovograd region must receive a new underground dump truck MT2010 developed by Atlas Copco Rock Drills AB, Sweden and assembled by Epiroc Rock Drills AB, Sweden with…
DetailsTata Steel on Monday announced the closure of a plant in the southern Welsh city of Newport, with a potential loss of around 400 jobs at the UK site. The steel giant announced that it had clinched the sale of a Canadian and Swedish plant as part of its worldwide Cogent Electrical Steels division but,…
DetailsStainless steel futures will begin trading on the Shanghai Futures Exchange on September 25, the China Securities Regulatory Commission said last week. “The development of stainless steel futures will provide market participants with an open, transparent and constant price indication as well as a highly effective risk-management tool […] to promote the stable and healthy…
DetailsA nationwide strike from South Africa’s truck drivers will support prices for commodities based in the country, such as 37% manganese ore or UG2 chrome ore, but it would need to continue for more than a couple of weeks, market participants said. The strike began on September 2 in protest of the employment of foreign…
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