Seaborne iron ore prices pushed up on Wednesday September 4 after looser production restrictions were confirmed for steelmakers in Tangshan. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $91.32 per tonne, up $2.18 per tonne. 62% Fe Pilbara Blend fines, cfr Qingdao: $91.71 per tonne, up $2.18 per tonne. 62% Fe low-alumina fines, cfr Qingdao: $89.10 per…Details
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Yonhap reported that a South Korean delegation will head to India this week for talks with counterparts over India’s trade restrictions on South Korean steel and chemicals. South Korea’s foreign ministry said “A group of government officials from the South Korean foreign affairs and trade ministries will meet Sunil Kumar, an official at India’s Ministry…Details
China's property sector will continue to generate healthy steel demand through 2019 Manufacturing shows signs of bottoming but unlikely to walk out of depression in the short-term Long steel will outperform flat steel in the remainder of 2019; flats margins may improve from H1 Singapore — China's property construction sector will be the major driver…Details
The London Metal Exchange three-month copper price increased during morning trading on Wednesday September 4, paring back the bulk of Tuesday’s losses, while high turnover also drove tin’s outright price higher. Copper futures improved by some 1.6%, trading at an intra-morning high of $5,700 per tonne, while around 5,500 lots had been exchanged by 9am…Details
The office of the large taxpayers is trying to recover 109.4 million UAH of debt from the state coal company Krasnolimanskaya. The Donetsk district administration court registered the corresponding claim on August 21. According to the State Fiscal Service, as of March 25 the company debt totaled 486.4 million UAH. In May a part of…Details
Beloretsk Iron and Steel Works has for the first time certified its welding wire for the welding of metal structures of lifting, transport, mining and metallurgical machinery. In particular, the welding wire with the diameter of 3 mm has been certified at the request of Uralmashzavod, the largest machine-building enterprise in Russia. The inspection of…Details
Uskovskaya mine, a part of Raspadskaya, has commissioned a new 50-22 long face with the reserves of 1.638 million tons of coal. The length of the long face is 1700 meters. In order to prepare it for operation some 9 km of excavations have been carried out. The long face will be in development until…Details
Izhstal has received a positive report of international auditors on the efficiency of its quality management system, which increases the company competitiveness on the Russian and foreign markets. The audit has been carried out by TUV SUD. The company specialists have inspected electric arc and rolling shops, the material purchasing process, personnel management system, etc,…Details
Mechel-Service has supplied over 800 tons of rebars for the construction of a unique plant in Sysert, Sverdlovsk region. This is the first plant in Russia for the past 20 years. The plant has been added to a list of priority projects in Sverdlovsk region and will become a part of a waste-free construction materials…Details
In June Russia exported 26.8 thousand tons of ferrosilicon, up by 1% MoM, but down by 47.2% YoY. Deliveries to Japan grew 1.5-fold, to 12.1 thousand tons, but to the Netherlands dropped by 39%, to 4.9 thousand tons, and to Korea – by 3%, to 2.4 thousand tons. In H1 ferrosilicon exports totaled 187 thousand…Details
Zaporizhstal CEO Rostislav Shurma supports the Chinese experience in high tech development, especially in the sphere of logistics as a tool to decrease corruption. He has visited the Yangshan Deepwater Port and called it a “port from the future”. “China has built a port with the capacity of 20 million TEU on an artificial island…Details
Azovstal has finished the third stage of the lighting efficiency improvement program. Under the third stage DTEK ESKO has installed some 4 thousand new LED-lamps, which save 80% of electricity. At the same time the volume of light in the shop increased. Azovstal plans to replace lamps in three more shops. Replacement of outdated lamps…Details
ArcelorMittal Kriviy Rih has delivered rebars for the construction of a modern housing complex of business-class Avalon Up, which includes the tallest skyscraper in Lviv. The company has already shipped over 320 tons of its metal products. The project envisages the construction of four apartment houses (19-25 floors with panoramic glazing) with underground and guest…Details