China's moves to revive its infrastructure sector in response to slower domestic economic growth and rising trade tensions are widely expected to fuel a pick-up in steel demand from September and sustain it into 2020, but could also spur an increase in steel production that results in another winter of oversupply and short-term losses for…Details
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Shanghai-bonded copper stocks fell to their lowest level since February 2016 at the end of August after a profitable import arbitrage between London and Shanghai boosted buying interest for bonded warrants last month. … Source of informationDetails
Mariupol Ilyich Iron and Steel Works has finished scheduled repair of the blast furnace No. 2. All the diagnostics and units restoration were carried out in 13 days. The blast furnace has already been commissioned. Metinvest provided 48 million UAH for the repair. (Ukrainian metal)Details
Metalloinvest is carrying out a large-scale project to modernize the Ural Steel cogeneration plant. The company plans to improve its energy efficiency by decreasing energy resources consumption, air pollution and maintenance costs. Under the project Ural Steel is constructing a complex with two boilers of medium pressure with the capacity of 220 tons of steam…Details
UGMK-OTsM has developed a new brand and registered the Kirrooff trademark for the copper roofing produced at the Kirov Non-Ferrous Metals Processing Works. As a result of modernization the company is now able to produce copper roofing corresponding to more expensive foreign analogues, but at a competitive price. Under a strategic development plan UGMK-OTsM has…Details
Energomashspetsstal has concluded a new agreement with SAIL RSP. This is the third agreement this year with Rourkela Steel Plant, a part of Steel Authority of India (SAIL). So far the company has ordered some 2 thousand tons of rolls. The new contract was signed in August. EMSS will have to produce 10 supporting rolls…Details
In June Russia exported 5.3 thousand tons of long-rolled aluminum, down by 11% MoM and by 12% YoY. Sales to Germany dropped by 35.5%, to 1.2 thousand tons, and to Belarus – by 18%, to 440 tons. At the same time exports to Kazakhstan grew 2-fold, to 641 tons. In 6 months long-rolled aluminum exports…Details
In July Kuzbass region mined 5.9 million tons of coking coal, with 2.1 million tons extracted from pits and 3.8 million tons – from mines. In January-July coking coal output grew by 7.5% YoY, to 44.2 million tons, with pit coal up by 13.2%, to 15.4 million tons, and mined coal – by 4.7%, to…Details
Under the program to develop new products manufacture Metinvest in 2019 has focused on galvanized rolled metal. “At Unisteel we have mastered the thickness of 2 mm. We have also started shipping trial batches of S350GD steel with the thickness of over 1.6 mm, including with the zinc coating of 275 g”, the group marketing…Details
Mr N Baijendra Kumar, CMD NMDC, while addressing company’s shareholders during 61st Annual General Meeting at Hyderabad said that the progress of construction of the company’s steel plant in Chhattisgarh is noticeable and various packages are at construction completion stage. This 3 million tonne capacity integrated steel plant is expected to be operational by third…Details
The Arbitrary court of Volgograd region has completely satisfied the claim of the power-selling company Leader to Krasniy Octyabr Iron and Steel Works. The plant, which has been undergoing a bankruptcy procedure since last November, has been forced to pay more than half a billion rubles of debts. The suit to the metal works was…Details
In July the First Cargo Company transported 8.8 thousand tons of non-ferrous metals, up 4-fold YoY. Most metal was transported via the Krasnoyarsk Railroad – 3.5 thousand tons, up 17-fold. Aluminum accounted for most volumes. Transportation of aluminum and copper from Tajikistan and Kazakhstan to the port of Novorossijsk has increased 6-fold, to 4.3 thousand…Details
Last week the price of one ounce of gold decreased by 27.23 manats or by 1.4%. The average price of one ounce of gold stood at 2,609.6649 manats. The price of one ounce of silver increased by 1.0647 manats or by 3.4%, to 30.6621 manats. The price of one ounce of platinum grew by 96.0785…Details