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
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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
MEXICO CITY – Mexico's government said on Wednesday that new duties imposed on some Mexican structural steel by the U.S. Commerce Department are part of a normal investigation when an industry feels it is being affected by imports that use unfair practices, such as dumping or subsidies. "The investigation in question is ongoing and the…Details
The three-month tin price on the London Metal Exchange has rebounded by more than 4% during morning trading on Thursday September 5, prompted by the announcement of planned refined tin smelter production cuts by a basket of 14 smelters in China. Tin’s outright price reached an intraday high of $17,740 per tonne this morning, its…Details
India Ratings and Research has revised its outlook on the steel sector to stable-to-negative from stable for the remainder of FY20 given sluggish steel demand growth expectations owing to mix of structural and cyclical concerns in end-user sectors, primarily auto and real estate construction. Hence, Ind-Ra has revised downwards its FY20 steel demand growth expectations…Details
German steel giant Thyssenkrupp AG will have to leave Germany's benchmark DAX index on September 23, the Deutsche Boerse announced on Wednesday evening. Thyssenkrupp will be replaced by German aircraft engine manufacturer MTU Aero Engines AG, the Deutsche Boerse said. After its exit from the DAX, Thyssenkrupp will be included in the MDAX index, the…Details
Trading activity in China’s domestic rebar market picked up on Thursday September 5 due to an open arbitrage window between physical and futures prices. Domestic Eastern China (Shanghai): 3,650-3,680 yuan ($510-514) per tonne, up 20 yuan per tonne Northern China (Beijing): 3,640-3,660 yuan per tonne, up 30-40 yuan per tonne A gap of about 200…Details
In January-July Ferrexpo exported 5.995 million tons of iron ore pellets. In particular, Poltava GOK exported 5.267 million tons and Yeristovo GOK – 728 thousand tons. At the same time Metinvest (Russia) exported 3.762 million tons of pellets (Mikhailovsky GOK – 3.144 million tons and Lebedinsky GOK – 618.5 million tons). Metinvest exported 2.952 million…Details
In August Russian Railroads transported 109 million tons of cargo (108 million tons in July), up by 0.2% YoY. In January-August throughput dropped by 1.1%, to 850.5 million tons. Iron and manganese ores accounted for 79.6 million tons, up by 2.9%. RZD also transported 50.1 million tons of ferrous metals, down by 4.6%, and 10…Details
Severstal-Metiz has confirmed the correspondence of its quality management system to the IATF 16949:2016 and ISO 9001:2015 standards. The IATF 16949:2016 certificate confirms that the company quality management system corresponds to the requirements of the car industry enterprises. It allows the company to continue supplying to the largest car manufacturers. The certificate is valid till…Details
Rusal is preparing to transfer a part of its central office employees from Moscow to Krasnoyarsk. In 2019-2020 over 300 employees will be relocated. Krasnoyarsk region hosts Rusal’s largest assets – Krasnoyarsk and Boguchanskiy Aluminum Plants, Achinsk Alumina Plant as well as plants to produce car discs. The relocation of the central office employees to…Details