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ET reported that Secondary steel producers are cutting back on output to cope with a demand slump. In the iron ore rich district of Ballari in Karnataka, at least eight plants that include secondary steel makers like BMM Ispat, Rayen Steel, PGM Ferro Steel and companies such as Mukand and Kalyani Steel primary suppliers to…
DetailsThe steel and semiconductor industries of South Korea will take a direct hit if the trade war between the United States and China turns into a global tariff war, panelists said at a seminar organized by the Federation of Korean Industries on Sept. 9. The experts said the ongoing trade war between the United States…
DetailsThe three-month copper price on the London Metal Exchange was slightly lower during morning trading on Tuesday September 10, falling below its nearby $5,800 per tonne support level amid broad complex weakness, while aluminium futures stayed above the $1,800 per tonne threshold. Volumes traded in copper over the morning have been moderate, topping the complex…
DetailsIn January-June capital investments in metal manufacture, except for machines and equipment, grew by 38.3% YoY, to 12.33 billion UAH. According to the Service of State Statistics, this was 5.3% of the total amount of capital investments in Ukraine. Metal manufacture accounted for 11.18 billion UAH of investments. And the rest (1.14 billion UAH) fell…
DetailsEvraz NTMK has produced a batch of hot-rolled steel with round section with the diameter of 95 mm. Such rolled metal is used in machine-building, construction and pipe manufacture. The first batch of rounds with the volume of 220 tons was produced of carbon and alloyed steel according to GOST 1050-88 and GOST 4543-2016. All…
DetailsAt the extraordinary meeting Severstal shareholders have approved of paying dividends for Q2 in the amount of 26.72 rubles per ordinary share as opposed for 45.94 rubles in Q2 2018. The dividends will be paid to the shareholders who are registered as of September 17. The total amount of dividends to be paid is 22.384…
DetailsIn August Krasniy Octyabr produced almost 24.7 thousand tons of liquid steel: 24.1 thousand tons in the electric arc furnace shop No. 2 and 580 tons in the shaped castings shop. In July the output was 23.1 thousand tons, with 22.5 thousand tons produced in the electric arc furnace shop and 620 tons in the…
DetailsDuring the current washing season the Olbot gold-extracting team LLC intends to extract at least 100 kg of gold. The company is washing for gold on the territory of Susuman district of Magadan region in the valleys of the Bolshoy Khatynakh and Sabygyl-Stanovoy brooks. Olbot started its washing season in May. This year the gold…
DetailsNikopol Ferroalloy Plant has fulfilled its duties to the National bank of Ukraine under an amicable agreement by clearing the PrivatBank debts on the refinancing loan. In May 2018 the NBU filed a claim to the Commercial Court of Dniepropetrovsk region to recover NZF assets pledged to PrivatBank to receive the refinancing loan. On August…
DetailsStoilensky, a part of NLMK Group, a global steel company, has began construction of a new stage (Stage 3) of its thickening unit, a hydrotechnical facility that dewaters the slurry, and thickens the solids, before transporting them to dedicated tailing pits. The separated water is recycled and returned into the process. This project will enable…
DetailsUnder an investment project to reconstruct Tashtagol mine the first self-propelled machines have reached the enterprise. A drilling rig, a boring machine and a loading machine have been commissioned at the depth of 280 meters. Until the end of the year the mine will receive three more machines. Until 2021 Evraz intends to have 20…
DetailsPrime Minister Nikol Pashinyan said the operation of the Amulsar gold mine might start in Q4 2020 at the earliest, but that the most likely time frame was the first quarter of 2021. Pashinyan in a live Facebook address urged the residents of nearby settlements to unblock the roads leading to the mine. The Prime…
DetailsIn January-August Ukraine exported 4.871 million tons of carbon steel semi-finished products, up by 9.9% YoY, valued at $2.044 billion, down by 3.6% YoY. According to the State Fiscal Service, the main buyers were Italy (31.02%), Egypt (15.06%) and Turkey (7.86%). In 8 months Ukraine imported 34.471 thousand tons of semis, up by 20.7% YoY,…
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