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Chelyabinsk Pipe Works has successfully placed an initial issue of eurobonds valued at $300 million with the rate of 4.5% and maturity in September 2024. UK investors accounted for 30%, Russian – 28%, continental Europe – 23%, Asian – 14% and US – 5%. Some 52% of the issue was purchased by asset managing companies,…
DetailsIn July Russia exported 10.2 thousand tons of flat aluminum, down by 7% MoM and by 0.3% YoY. A quarter was exported to Poland, down by 29%. At the same time Ukraine, Finland and the US increased purchases by 65%, 43% and 29% MoM respectively. In 7 months exports totaled 70.7 thousand tons, up by…
DetailsIn August Yuzhniy Kuzbass produced 764 thousand tons of coal, up by 12% MoM and by 37% YoY. The volume of excavations grew by 16% and 55% respectively, to 3.9 million cubic meters of rock. Some 751 thousand tons of coal were processed at the factories, up by 5% MoM and by 11% YoY. Sales…
DetailsSady Pridonya, a major agroindustrial company, uses three-layer sandwich panels in the construction of the largest fruit warehouse. In 2018 the company began construction of a warehouse to store 20 thousand tons of apples. Metal Profile has supplied 7 thousand square meters of MP-GOST sandwich panels and 17 thousand square meters of Airpanels. The warehouse…
DetailsLebedinsky Mining and Processing Works has passed a re-certification audit of the industrial and labor safety management system for the correspondence to the requirements of ISO 45001:2018. The audit was carried out on September 9-13 by the specialists of the British Standards Institution. Following the inspection the specialists recommended certifying the Lebedinsky GOK safety system…
DetailsAs a result of the cave-in of rock a miner was mortally injured in the city of Rovenki. “On September 22 the taskmaster of the mine named after Cosmonauts perished”, the emergency ministry of the so-called Lugansk People’s Republic, a terrorist organization created and supported by Russia, reported. The body has already been lifted to…
DetailsAn overview of the battery raw materials markets and their latest price moves. Source of information
DetailsWDBJ7 reported that Banker Steel Company announced the completion of the structural steel for the One Vanderbilt project in New York. The steel used in One Vanderbilt was fabricated in the Virginia and New Jersey plants of NYC Constructors, a subsidiary of Banker Steel Company. One Vanderbilt’s tiered steel tower is complete at 1,401 feet,…
DetailsThe three-month lead price on the London Metal Exchange rose by 1.2% at the close of trading on Friday September 20, climbing beyond the $2,100 per tonne support level, while forward spreads in LME nickel tightened over the afternoon. Lead futures closed at $2,120 per tonne, its highest closing price since March, while just under…
DetailsSSAB, LKAB and Vattenfall, the owners behind the HYBRIT initiative, will participate in the Climate Week NYC and UN Climate Action Summit in New York. The message they will bring is that it is possible to reach net zero emissions in the iron and steel industry and energy sector. UN Secretary-General Antonio Guterres has invited…
DetailsThe import market for pig iron in the United States fell in the week ended Friday September 20, with buyers still not ready to resume purchases and expecting lower prices because of the weak scrap sector and planned maintenance outages in December. Fastmarkets’ price assessment for pig iron, import, cfr Gulf of Mexico, US, was…
DetailsToyota Tsusho America and Modumetal have announced an agreement of a non-binding MoU for the establishment of a joint venture to deploy Modumetal’s patented nanolaminated alloy product NanoGalv, which can be used for industrial fastener and bolting applications. The joint-venture company will be known as ModuTAI, which plans a new production facility in Houston Texas…
DetailsQuestions about the fate of stocks held by the defunct Fanya Metal Exchange have been a weight on negotiations in many minor metals markets since the bourse collapsed in 2015, and have contributed to the uncertainty that has stifled trade for much of 2019. Buying appetite in the spot market has weakened, and prices for…
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