The coal companies that received an invitation to an investor consortium for a dry bulk area in the port of Taman in the Krasnodar region have not responded, Transport Minister Yevgeny Ditrikh declared on the sidelines of the Eastern Economic Forum on September 5. “This is a delicate issue connected with prices. The colleagues see…Details
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“Despite the president’s fight against corruption, raiders continue to act in the mining sector,” said Esenzhan Musurmankulov, Director of the Kyrgyz branch of Golden & Silver. According to him, group of companies S.H.G Golden & Silver Ltd bought shares of Ak-Tuz OJSC from the State Property Management Fund in 1998. The company invested in geological…Details
On September 5 Security Service officers came back to inspect sinter plant. Law enforcement officers jointly with Regional Environment Inspectorate performed measurements on stationary emission sources. The plant created all conditions for representatives of Security Service, which was proceeding with criminal investigation under the article 441 of Criminal Code of Ukraine (“Ecocide”). In addition, representatives…Details
When two large organizations collaborate, it makes a far reaching and resounding impact. The case in point is the collaboration between the Indian Railways and Steel Authority of India Limited for more than six decades. While the Railways is the heart of transport infrastructure of our Country, SAIL is the most trusted and longstanding supplier…Details
China's construction sector consumed two-thirds of China's incremental steel production over January-July, with the stronger-than-expected property market remaining the biggest steel demand driver, according to the China Iron & Steel Association. China's net steel exports decreased by almost 200,000 mt year on year over January-July, while its crude steel production increased by 48 million mt…Details
Grade A copper cathode premiums in China will be well-supported throughout September and October, primarily due to improving downstream demand and declining domestic stocks, Fastmarkets heard on the sidelines of a copper conference held in the Chinese city of Qiqihar on Thursday September 5. The cif Shanghai and in-warehouse Shanghai copper premiums both rose to…Details
The World Steel Association opened registration for the 14th edition of steelChallenge. steelChallenge is the biggest steel industry competition where students and industry employees can test their skills using the sophisticated online process simulations delivered by steeluniversity. steelChallenge-14 will be take place over two rounds. The Regional Championship will take place online on 27 November…Details
LIVE FUTURES REPORT 05/09: LME copper price at top of gains in high-volume trading; nickel falls 3.5%
The three-month copper price on the London Metal Exchange was higher at the close of trading on Thursday September 5, breaching the $5,800 per tonne resistance level and closing at its highest level since August 1. This came amid a 12-week high in daily volumes traded, with nickel futures being the only metal to close…Details
ET reported that Rashtriya Ispat Nigam Ltd has begun to feel the general slowdown in the economy at large though the company has not cut down its production or sent some of its over 17,000 fulltime workers on furlough. An Official said that “Some of the specialty steel we are producing is used by re-rolling…Details
The export market for pig iron from the Commonwealth of Independent States (CIS) has gone down because of lower demand, more supply and a weak scrap market, sources told Fastmarkets on Thursday September 5. Fastmarkets’ weekly price assessment for high-manganese pig iron, export, fob main port Black Sea, CIS, was $315-325 per tonne on Thursday,…Details
Chinese iron ore futures rose more than 4% on Tuesday, extending gains into a fourth session, as steel mills restocked raw materials even though top steelmaking cities carried out anti-pollution curbs. The most-traded iron ore futures contract on the Dalian Commodity Exchange for January 2020 delivery rose as much as 4.2% to 644 yuan ($90.80)…Details
Aluminium prices on the London Metal Exchange remain at historically low levels despite low stock levels, high premiums and sustained elevated raw materials costs. The LME aluminium three-month price has failed to trade over $2,000 per tonne since 2018 and closed at just $1,775 per tonne on Wednesday September 4. Yesterday’s close price was 9%…Details
Reuters, citing people familiar with the matter, reported that Thyssenkrupp has started a structured process to look for potential buyers of all or parts of its elevator unit, its most profitable division. Source of informationDetails