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Seaborne iron ore prices surged on Thursday September 12 amid support from Chinese steelmakers stocking up ahead of the week-long National Day holiday at the start of October. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $99.30 per tonne, up $4.64 per tonne. 62% Fe Pilbara Blend fines, cfr Qingdao: $99.69 per tonne, up $4.64 per…
DetailsEconomic Times reported that JSW Steel chairman Mr Sajjan Jindal said his company will approach a higher court to seek immunity against claims arising from alleged money laundering frauds at Bhushan Power and Steel. He told ET “We want a neat and clean company, and we don’t want any confusion. We as a resolution applicant…
DetailsAt a time when exports are battling a global slowdown, the latest restriction on steel product imports will add to the woes of India’s engineering goods exporters, said the Engineering Export Promotion Council (EEPC). Steel is raw material for engineering goods companies. In a letter to Union Commerce and Industry Minister Piyush Goyal, EEPC Chairman…
DetailsChina’s rebar prices were unchanged in both domestic and export market on Thursday September 12 amid thin trading. Domestic Eastern China (Shanghai): 3,650-3,680 yuan ($513-517) per tonne, unchanged Northern China (Beijing): 3,620-3,650 yuan per tonne, unchanged Buyers from the construction sector had stocked up on materials in the past three days, ahead of a public…
DetailsMariupol Ilyich Iron and Steel Works has successfully passed the supervisory audit for the compliance with ISO 9001:2015 and DSTU ISO 9001:2015. The audit has been carried out by TÜV SÜD specialists. Following the inspection the specialists recommended prolonging the company certificates for 1 year. (Ukrainian metal)
DetailsIn January-August Ukraine exported 1.6 million tons of pig iron, down by 25.8% YoY, valued at $507.9 million tons, down by 34.8%. The decrease could be attributed to the limitation of pig iron exports to the US and the drop in prices. While in January-August 2018 Ukraine shipped 1.266 million tons of pig iron to…
DetailsOrel Steel Works is carrying out a program to increase exports. The program will run until 2023 and presupposes increase of export volumes and geography of sales in stages. Official representatives are also expected to be created. In January-August the company exported 2.6 thousand tons of metal, up almost 2-fold YoY. The company started exporting…
DetailsIn January-July Russia exported 24.836 million tons of ferrous metals, down by 9.5% YoY. Not counting pig iron, ferroalloys, wastes and scrap, exports totaled 16.292 million tons, down by 8.9%. Sales of carbon steel semi-finished products decreased by 7.6%, to 8.764 million tons, and of carbon steel rounds – by 12.9%, to 4.157 million tons.…
DetailsIn January-June the capacity of the cold-rolled metal market in Russia totaled 1.8 million tons. Of them NLMK accounted for 0.55 million tons, or 30.3%. In 2019 the market is expected to reach 3.595 million tons. NLMK is developing its business in the segment. In particularly, it is mastering the manufacture of cold-rolled metal with…
DetailsIn January-August Chukotka Autonomous District produced 16.21 tons of gold, down by 1% YoY. In particular, 14.43 tons of ore gold and 1.78 tons of alluvial gold were obtained. Silver output remained almost unchanged at 74.91 tons. Ore gold is mined by 5 companies in the region and alluvial gold by 7 companies. (Ukrainian metal)
DetailsMagnitogorsk Iron and Steel Works (MMK), as part of its environmental program, has begun reconstruction of the gas outlet at the sinter plant No. 3. This will significantly reduce the plant’s anthropogenic impact on the environment. The project’s investment will amount to 190 million rubles. The reconstruction project will replace the duct, which connects the…
DetailsAs part of the project to implement business process automation at the Magnitogorsk Iron and Steel Works (MMK), MMK-Informservice has entered into a general partnership agreement with UiPath, a world leader in producing software platforms for robotic process automation (RPA). The partnership will improve the efficiency of MMK’s large-scale project to automate business processes by…
DetailsRussia’s income from coal exports in January-July grew by 9.2% YoY, to $9.798 billion. In January-July 2018 exports revenue was $8.977 billion. Volume-wise the exports increased by 9.1%, to 118.374 million tons. In 2018 coal export revenue went up by 25.9% YoY, to $17.031 billion. Volume-wise exports grew by 10%, to 199.472 million tons. (Ukrainian…
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