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Chinese state owned Baowu Steel Group inked an agreement with Magang (Group) Holding Co Ltd to secure a 51% stake in the latter. Mr Chen Derong, chairman of Baowu said the partnership was a continuation of the long-term cooperative relationship between the two, as well as a major move in pushing for the supply-side reform…
DetailsIn January-August Ukraine increased pipe output by 0.6% YoY, to 738.5 thousand tons. In August 75.8 thousand tons of pipes were produced. Ukrtruboprom enterprises decreased output by 1.2%, to 539.2 thousand tons, with 53.7 thousand tons produced in August. Interpipe NTZ decreased pipe manufacture by 14%, to 170.6 thousand tons, and Trubostal – by 15%,…
DetailsNorthern European suppliers of flat steel products report sluggish activity, since the end of the summer vacation period. Carmaking, in Western Europe, continues to be depressed, while other manufacturing sectors show little sign of picking up. Falling raw material costs add to the negative trend in northern European steel prices. Few third country offers are…
DetailsAzerGold company will direct 323,473 manats to purchase spare parts for generators. The contract was concluded with KM Services MMC. AzerGold CJSC, which began operations in July 2016, is engaged in the study, research, exploration, management of precious and non-ferrous metal deposits, their extraction, processing and sale, as well as the application of new technologies…
DetailsIn July Russia imported 869 tons of ferroniobium, up by 79% MoM and by 216% YoY. Brazil was the only supplier of ferroniobium in July. In January-August imports totaled 2.8 thousand tons, up by 9% YoY. In monetary terms since the start of the year the imports have increased by 12.5%. Import prices in July…
DetailsElectric arc furnace No. 13 with the volume of 10 tons is a part of the manufacturing complex of the electric arc furnace shop No. 2 of Zlatoust Electrometallurgical Works. The repair began on September 16 and would be completed until the end of the month. The cold commission of the furnace is scheduled for…
DetailsA new plant to produce metal structures will open in early 2020 in Moscow region. At present the first stage machinery is being commissioned. Until 2023 Doorhan plans opening 4 stages, and the number of employees will grow to 700. Doorhan, engaged in the manufacture of aluminum architecture systems, prefabricated buildings, construction sandwich-panels, etc., has…
Details•Benchmark iron ore prices tumbled today amid renewed doubts about Chinese economic stimulus, while coking coal prices plunged on oversupply and government imposed import restrictions. •Dalian iron ore futures fell 4.6% at 638 yuan (slightly below $90/mt) and Shanghai rebar – the world's most traded steel contract – lost more than 3%. •The Australian export…
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