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ArcelorMittal Brasil has decided to continue the idling of blast furnace No2 at its Tubarão plant, in the southeastern Brazilian state of Espírito Santo, at least until the end of this year because of the tough market conditions, chief executive officer Benjamin Baptista told Fastmarkets on Wednesday August 21.

ArcelorMittal Brasil has decided to continue the idling of blast furnace No2 at its Tubarão plant, in the southeastern Brazilian state of Espírito Santo, at least until the end of this year because of the tough market conditions, chief executive officer Benjamin Baptista told Fastmarkets on Wednesday August 21. Work to refurbush the unit started…

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NLMK Group migrates online marketplace and customer service to new platform

NLMK Group, a global steel company, is migrating its online marketplace https://nlmk.shop/ and customer service to SAP C/4HANA platform (formerly known as SAP Hybris), a part of SAP Customer Experience solutions portfolio,  to enable prompt delivery of a wide range of steel products and a unique customer service offer. NLMK’s e-marketplace for SME’s https://nlmk.shop/ was…

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UMMC signs debut EUR100m PXF syndicated loan

Ural Mining Metallurgical Company (UMMC), one of the top Russian producers of copper, zinc and other precious metals in Russia signs a debut EUR100m syndicated loan. Mandated Lead Arrangers, Bookrunners and Lenders are Raiffeisen Bank International AG, AO Raiffeisenbank, PJSC ROSBANK and SOCIETE GENERALE. Raiffeisen Bank International AG and AO Raiffeisenbank acted as documentation agent…

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The steel billet import price in Egypt fell in the week to Thursday August 22, with market activity limited because buyers want to wait until the court makes a decision on safeguard duties.

The steel billet import price in Egypt fell in the week to Thursday August 22, with market activity limited because buyers want to wait until the court makes a decision on safeguard duties. Egypt’s Administrative Court suspended the temporary duties in July, prompting a flurry of court activity, which eventually led to the final session to discuss the…

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Northern European Business Activity Remains Lethargic, As The Summer Holiday Period Approaches

Hot rolled coil demand, in Denmark, is better than in many other European countries, but shows little sign of improvement. Swedish business activity is quite steady, having recovered from a downturn during the spring. Cheap Russian slab supplies put downward pressure on coil values, in Finland. Demand is healthy, in the Netherlands and market participants…

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