Azovstal Iron and Steel Works has finished reconstruction of the dust-exhaust system in the crushing division of its converter shop. Under the project valued at 8.1 million UAH, Lamellen-Jet purifying equipment has been installed. The trial operation has confirmed the purification system corresponds to the best European practices. Azovstal started repairing the converter shop in…Details
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Bloomberg reported that demand for steel in India could grow at the slowest pace in three years as an economic slowdown in the global industry’s bright spot deepens. Moody’s Investors Service’ Icra Ltd said that steel consumption in India is likely to increase by less than 6% this fiscal year, slowest pace since a 3.1%…Details
Base metals prices on the Shanghai Futures Exchange edged up during morning trading on Tuesday August 27 after tensions between China and the United States appeared to ease a day earlier after both sides announced fresh tariffs against each other last Friday. Leaders of both countries expressed willingness to return to the negotiations table to…Details
Based on preliminary Census Bureau data, the American Iron and Steel Institute reported today that the US imported a total of 3,028,000 net tons of steel in July 2019, including 1,843,000 net tons of finished steel (up 48.3% and 6.6%, respectively, vs. June final data). Through the first seven months of 2019, total and finished…Details
Key data from the pricing sessions in Asia and Europe during the week ended Friday August 23. Europe Key drivers Prices for both grades of antimony in Europe weakened on August 23 due to slow demand and few tonnages being exchanged. The price for antimony MMTA standard grade II, in-whs Rotterdam, has fallen by 0.4% while that for antimony max…Details
After revealing plans to let go of up to 200 workers at its Great Lakes facility in Michigan, US Steel announced on Friday that it will idle a plant in East Chicago in Indiana by mid-November as part of the consolidation of its till mill operations in the United States, a move which could result…Details
The price for ammonium paratugnstate (APT) in Europe moved lower in the week ended Friday August 23, weighed down by bearish sentiment ahead of the late-August auction for the entire antimony stock held in the defunct Fanya Metal Exchange. Meanwhile, the Chinese APT export price was stable amid market uncertainty. Tungsten concentrate prices again stable…Details
ArcelorMittal Brazil has extended the stoppage of its Tubarao’s Blast Furnace No 2 to the end of the year, from an initially expected 70-day time frame. Company CEO Flat Carbon South America Mr Benjamin Baptista on the sidelines of Instituto Aco Brasil steel congress last week said that “We are going to take a slow…Details
While the major Chinese stainless steel mills are expected to release their September tender prices for domestic ferro-chrome this week, the majority of market participants expect a price increase in near future tenders, including for September, Fastmarkets understands. Some market participants also long for such a price hike to boost the overall ferro-chrome market, which…Details
Seaborne iron ore prices dropped below $85 per tonne cfr again on Monday August 26 after trade tensions between China and the United States escalated over the weekend. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $84.91 per tonne, down $2.90 per tonne. 62% Fe Pilbara Blend Fines, cfr Qingdao: $85.29 per tonne, down…Details
India Ratings and Research has published the credit news digest on India’s steel sector for July 2019. The report highlights the demand-supply scenario, price trends, imports & exports in both India and China, encompassing finished steel products, both flat & long, scrap, iron ore, coking coal etc., while also looking at the impact of end-user…Details
In the first half of 2019, MMK Group allocated 1.04 billion roubles to social support programmes and charitable causes. Among the priority areas of social support were assistance to pensioners and children, as well as the improvement of health conditions for the employees of the company. The full range of social and charitable programmes implemented…Details
China’s hot-rolled coil prices dropped in both the spot and futures markets on Monday August 26, amid escalating trade tensions between the country and the United States. Domestic Eastern China (Shanghai): 3,670-3,680 yuan ($517-519) per tonne, down 50 yuan per tonne Northern China (Tangshan): 3,650 yuan per tonne, down 50 yuan per tonne Spot prices…Details