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Domestic stainless steel prices in China narrowed over the past week amid a mixed outlook for demand in the next few weeks. Fastmarkets’ price assessment for stainless steel cold-rolled coil 2mm grade 304 domestic, ex-whs China in the country’s major market of Wuxi was 15,300-15,700 yuan ($2,150-2,206) per tonne including value-added tax for the week…
DetailsTata Metaliks Ltd has announced that the second blast furnace and its associated facilities in Kharagpur will undergo a planned shutdown, for maintenance and overhauling from September 12, 2019 at 10.00 AM. The operations are expected to be back on stream from September 16, 2019 at 10.00 PM. Source of information
DetailsAs part of the project to implement business process automation at the Magnitogorsk Iron and Steel Works (MMK), MMK-Informservice has entered into a general partnership agreement with UiPath, a world leader in producing software platforms for robotic process automation (RPA). The partnership will improve the efficiency of MMK’s large-scale project to automate business processes by…
DetailsThe price of steel rebar in the domestic market in Southern Europe was unchanged this week but lower prices were expected to emerge next week because of softer ferrous scrap costs, sources told Fastmarkets on Wednesday September 11. Participants said that there were rumours in the market that low prices had been offered to so-called…
DetailsIndia remains the lowest placed of all the subcontinent recycling destinations, with risible offerings, which remain stranded in the low-to-mid USD 300s/LDT and are still prevalent in Alang. Local port reports too showcase a marginal number of fresh arrivals at the waterfront and are further proof of the minimal number of sales taking place into…
DetailsDALIAN, Sept. 11 (Xinhua) — Iron ore futures opened higher Wednesday in daytime trading on the Dalian Commodity Exchange (DCE). The most active iron ore contract for January 2020 delivery gained 4.5 yuan (about 63 U.S. cents) to open at 655.5 yuan per tonne. As the world's largest importer of iron ore, China opened the…
DetailsThe three-month price of tin on the London Metal Exchange was higher at the close of trading on Wednesday September 11, settling at its highest level since June 21, while a steady downturn across the rest of the complex saw copper fall through its nearby $5,800 per tonne support level. Tin futures traded at an…
DetailsVallourec has been awarded a contract by Abu Dhabi National Oil Company for the supply of tubing and casing, over a five year period, with a possible 2-year extension, for an amount of USD 900 million. It covers a full range of products, from standard API to high end premium OCTG for both onshore and…
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