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Kyrgyzstan: Centerra announces termination of legal proceedings affecting Kumtor project

goldBy admin 28.08.2019 Leave a comment

Centerra Gold Inc. announced that the remaining Kyrgyz legal proceedings affecting Kumtor project and the international arbitration proceeding at the Permanent Court of Arbitration had been terminated, in accordance with the Strategic Agreement on Environmental Protection and Investment Promotion previously entered into with the Government of the Kyrgyz Republic. Accordingly, the parties have achieved the…

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Ukraine: Interpipe to supply 149 million UAH worth of tyres to UZ

InterpipeBy admin 28.08.2019 Leave a comment

Ukrainian Railways have ordered Interpipe Ukraine LLC the delivery of tyres valued at 149.8 million UAH. This year the company will supply 5713 pieces of tyres of carbon steel produced by Interpipe NTZ not earlier than March 2018. The price of the agreement was 0.001% below the expected cost of the purchase. The only competitor…

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MORNING VIEW: China’s attempts to boost domestic demand may provide relief from trade gloom

NewnewsBy admin 28.08.2019 Leave a comment

With gold prices up at near six-year highs, markets remain nervous on Wednesday August 28 about just how much damage the United States-China trade war is doing and whether it will be reversible before it leads to a global recession. Most base metals prices have fallen to low levels and are failing to get any…

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Global Crude Steel Production in July up by 1.7% YoY – worldsteel

NewnewsBy admin 28.08.2019 Leave a comment

World crude steel production for the 64 countries reporting to the World Steel Association was 156.7 million tonnes in July 2019, a 1.7% increase compared to July 2018. China’s crude steel production for July 2019 was 85.2 million tonnes, an increase of 5.0% compared to July 2018. India produced 9.2 million tonnes of crude steel…

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WEEKLY BASE METAL PREMIUMS REPORT: 27/08

NewnewsBy admin 28.08.2019 Leave a comment

A summary of base metals premiums from across the globe for the week to Tuesday August 27. Please click… Source of information

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Southern Steel Reports Annual Net Loss

NewnewsBy admin 28.08.2019 Leave a comment

The Edge Markets reported that dragged by lower selling prices, Southern Steel Bhd reported a net loss of RM34.85 million for the fourth quarter ended June 30, 2019, as compared with a net profit of RM35.21 million a year ago. This is the third consecutive quarterly net loss, resulting in a full year loss of…

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GLOBAL ALUMINIUM WRAP: Rotterdam upturn boosts premiums elsewhere in Europe

NewnewsBy admin 28.08.2019 Leave a comment

Aluminium premiums were mostly stable globally during the week ended Tuesday August 27, with participants shifting their focus to longer-term contract negotiations. But the recovery recently seen for Rotterdam material was spreading throughout Europe. Rotterdam uptrend pushing European premiums up Main Japanese port (MJP) premium flat; focus goes to quarterly contracts Premium in United States’…

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Vanadium Demand Rising after Prices Slump – Evraz VP

NewnewsBy admin 28.08.2019 Leave a comment

Bloomberg reported that world’s largest vanadium producer outside China Evraz Plc said steelmakers are boosting their use of vanadium again after it slumped as much as 75% this year. Alexander Erenburg, VP of Evraz, said “The current vanadium price of USD 30 to USD 40 per kilogram makes it optimal for steel alloying both in…

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GLOBAL FERRO-SILICON WRAP: Chinese market softens on weak domestic demand

NewnewsBy admin 28.08.2019 Leave a comment

The Chinese ferro-silicon price continued to trend lower over the past week amid persistently weak domestic demand, while prices in Europe and the United States were steady in inactive spot markets. China’s domestic ferro-silicon price drops on weak demand, adequate supply Export price in China steady but vulnerable EU prices steady in quiet market US…

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China Steel Corp Hikes Electrical Steel & EG Prices

NewnewsBy admin 28.08.2019 Leave a comment

China Steel Corp announced that it would keep steel prices unchanged for most products for domestic deliveries in the fourth quarter and would increase prices moderately on two products to reflect improved market conditions. The company would increase the price of electrical sheets by NTD 255 per tonne and electro-galvanized sheets by NTD 173 per…

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CIS FLAT STEEL: Market falls on buyer caution, high stocks

NewnewsBy admin 27.08.2019 Leave a comment

The export market for Commonwealth of Independent States (CIS)-origin hot-rolled coil and cold-rolled coil weakened during the week ended Monday August 27 amid anticipated further price declines and high trader stocks. Fastmarkets’ price assessment for steel HRC, export, fob Black Sea, CIS was $450-460 per tonne on Monday, falling by $20 per tonne week-on-week. “We see that…

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RINL CMD Reviews Performance of the Plant

NewnewsBy admin 27.08.2019 Leave a comment

Mr PK Rath, CMD of RINL, while reviewing the performance of the plant and current steel market scenario with senior management, has taken stock of the situation on Company’s financial front and the initiatives to improve the cash flow. He expressed the hope that Steel Industry has a great future and will recover shortly due…

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PRICING NOTICE: Discontinuation of third-party ferrous scrap, non-ferrous scrap and foundry ingot prices

NewnewsBy admin 27.08.2019 Leave a comment

Fastmarkets MB has today discontinued 40 steel scrap, non-ferrous scrap and foundry ingot prices. After a two-month notice period, Fastmarkets MB has delisted and ceased the publication of steel scrap prices from BDSV; aluminium alloy prices from Affimet; zinc alloy prices from Brock Metals; and non-ferrous scrap and foundry alloy prices from Lettre D’Information Metaux,…

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