Beloretsk Iron and Steel Works has signed a major long-term agreement to supply wire to RZD Trading House, the RZD procurement division. The new agreement is valid till March 2022. Under the contract BMK will supply over 43 thousand tons of high-strength wire for the ferroconcrete sleepers reinforcing. The first batch has already been shipped.…Details
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On August 21 the electric arc shop No. 1 of Belarus Iron and Steel Works produced the 55-millionth ton of steel. It took the enterprise almost 35 years to reach the mark. In January-July BMZ produced 1.5 million tons of steel, up by 12% YoY. Over 83% of steel produced was exported to 63 countries.…Details
Gaysky Mining and Processing Works has started constructing a crushing and conveyer complex. The work is carried out deep below the surface – at the depth of 1275-1340 meters. The network of conveyer galleries and crushing units will crush and transport ore from the low horizons to the Ekspluatatsionnaya mine shaft. Investments in the first…Details
Gazprom fears that quotas for hot-rolled metal of Ukrainian and South Korean origin will result in the large diameter pipes price increase and the monopolization of the sphere. Thus, the gas monopoly has joined a list of those not in favor of the EEC decision. The decision of the European Economic Commission to impose a…Details
In June Russia exported 1.17 million tons of semi-finished steel products, down by 14% YoY, but up by 4.2% MoM. According to the Federal Customs Statistics, since March exports have been falling. In January-June Russia exported 7.58 million tons of steel semis, down by 7% YoY. Taiwan was the main customer, accounting for 24% of…Details
NLMK Group has joined the United Nations Global Compact, the world’s largest sustainable development and corporate social responsibility initiative. As a participant of the UN Global Compact, NLMK Group voluntarily commits to align its operations and strategy with ten universally accepted principles in the areas of human rights, labor, environment and anti-corruption, and to take…Details
The core shareholders of the Russian metals giant Norilsk Nickel are not discussing changes of its dividend policy as the market is favorable enough for the fulfillment of all liabilities, CFO Sergei Malyshev announced. The company amended its dividend policy in 2016 to pay dividends twice a year in an amount depending on the ratio…Details
A rock slid in the Novo-Kalyinskaya mine of the North Urals Bauxite Mine (SUBR), a subsidiary of Russian aluminum giant UC RUSAL in the Sverdlovsk region, blocking one miner, a spokeswoman for the regional Prosecutor General’s Office reported. “It was preliminarily established that a rockburst happened in the Novo-Kalyinskaya mine owned by JSC SUBR, a…Details
Electricity consumption in January-July dropped by 0.4% YoY, to 88.169 billion kW-h. According to the Ministry of energy and coal industry, industrial companies decreased electricity consumption by 0.9%, to 29.948 billion kW-h. In particular, the metal industry decreased consumption by 0.9%, to 17.153 billion kW-h. (Ukrainian metal)Details
NEW DELHI: As India’s consumption breakdown begins to bite, the focus is firmly shifting to the four big buttresses that once kept the consumer economy rolling but are now floundering. Traditionally, the bulls have emerged from the shadows whenever these four have had good numbers to show. When they haven’t, the bears have taken over.…Details
Business Standard reported that UK based alternative investment manager that specialises in turning around underperforming facilities Nithia Capital has identified around 15 stressed steel assets in India for acquisition. While Nithia has zeroed in on about 15 assets, it is not planning to acquire all of them. Although they are all stressed assets, not all…Details
Turkey’s steel end-product consumption totaled 12.3 million tonnes in January-June 2019, down by 32.3% compared with the same period 2018, according to the Turkish Steel Producers’ Association (TÇÜD).
Turkey’s steel end-product consumption totaled 12.3 million tonnes in January-June 2019, down by 32.3% compared with the same period 2018, according to the Turkish Steel Producers’ Association (TÇÜD). Turkey consumed 5.3 million tonnes of finished long steel products, down by 41.1% compared with January-June 2018. Flat steel end-product consumption was 7 million tonnes in the…Details
The prognosis for the Brazilian steel market is unchanged. Distributors plan to persevere with conservative inventory levels, reflecting a seasonal slowdown in end-user demand. Shipments to companies in construction related activities is weak. Steel price support from export demand is limited. In Russia, steel consuming engineering and manufacturing firms are reluctant to increase production capacity…Details