Ukrainian Metal
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NEW DELHI: A couple of weeks back, over 200 families living in a prominent Noida housing society got eviction notices from a bank asking them to vacate their homes. The notices, sent by the Union Bank of India, were nothing less than the shock of their lives for the residents of Gardenia Gateway who were…
DetailsReuters reported that thyssenkrupp was filing a complaint with a European court to dispute an antitrust decision that blocks a planned joint venture with Tata Steel. The complaint to the General Court of the European Union seen as a symbolic move comes after the Commission in June vetoed plans to create Europe’s second-biggest steelmaker, fearing…
DetailsSales volumes for Brazilian distributors of flat-rolled steel rose year-on-year in July for the fifth month this year, with figures recovering from a weak performance in 2018 and companies continuing to destock, national steel distributors’ association Inda said on Wednesday August 21. An error in Inda’s press release for June meant that a year-on-year fall…
DetailsBusiness sentiment is unsettled, in Brazil. Distributors and end-users are frustrated with the increased transaction values proposed by their domestic suppliers. The latest initiative, delayed until July, is viewed as excessive. The business climate is challenging, in the Russian Federation. Inventory levels are being controlled, throughout the supply chain. We note a reluctance on the…
DetailsMagnitogorsk Iron and Steel Works (MMK) became the winner in the category "Work with Young People" at the 26th industry competition titled "Enterprise of the Mining and Metallurgical Complex with High Social Efficiency." The competition was based on materials submitted by 50 enterprises from 20 regions of Russia, which comprise 14 metallurgical companies and holdings…
DetailsMagnitogorsk Iron and Steel Works (“MMK”), one of the largest steel suppliers in Russia rated Baa2 (Moody’s) / BBB (Fitch) / BBB- (S&P), returned to the international market after more than 15 years with a successful placement of 5-year US$500mm Eurobonds with an annual coupon rate of 4.375% payable semi-annually. The proceeds of the issue…
DetailsThe Board of Directors of MMC Norilsk Nickel, the world’s largest refined nickel and palladium producer, has set the Extraordinary General Meeting of shareholders (EGM) date on September 19, 2018 and the EGM record date (the list of shareholders eligible to vote) on August 27, 2018. The Board of Directors has recommended for the EGM…
DetailsBlueScope Steel’s New Zealand business reported a 28 percent drop full-year operating earnings due to higher input costs and a drop in prices for export steel and vanadium. Sales revenue for the business, which includes BlueScope’s Pacific Island operations, increased to A$888.1 million for the 12 months to June 30, up 7 percent from a…
DetailsMUMBAI: BSR and Associates, an associate of KPMG India, has filed a case against the government after the bankruptcy court okayed its proposed removal as auditors of IL&FS Financial Services — a position BSR had already resigned — for alleged role in financial irregularities in the firm. With the “deemed removal” of BSR, along with…
DetailsBloomberg reported that as European steel demand comes under growing pressure, two big suppliers to the bloc are betting on online stores to help attract new clients. It may not sound like groundbreaking plan Internet shoppers around the world can already order anything from a prefabricated house to a human skull yet European steel buyers…
DetailsBrazilian steel slab producers are close to resuming bookings of semi-finished material to clients in the United States for November shipment, while they look forward to the renewal of the annual Section 232 import quota for 2020. Such material would arrive at US ports in late December and early January, market participants said. “We are…
DetailsThe shape of the international stainless steel market has changed, in recent years. Burgeoning economic growth, in the developing world – particularly, in Asia – has contributed to growing global production overcapacity, relative to demand. In turn, the number of protectionist trade measures has increased. China’s crude stainless steel output soared from 2 percent of…
DetailsNLMK Group, a global steel company, has signed cooperation agreements with leading players in the steel trading market: Metallservis and Steel Industrial Company, whose total sales in 2018 amounted to 4.3 million tonnes of steel products. As part of the partnership, traders will be able showcase their entire product range through NLMK’s https://nlmk.shop/ online marketplace,…
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