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voda 25 oktober 2017 17:09

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ArcelorMittal Ostrava’s slag recycling project reaps many rewards

The Czech Republic's Ministry of Industry and Trade has recently announced the results of its "Transforming waste into resources" competition. Jitka Halamová attended the award presentation at the Czech Senate in Prague on behalf of ArcelorMittal Ostrava.

Source : Strategic Research Institute

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voda 25 oktober 2017 17:10

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Goa industry ask to remove export duty on 60 grade ore

Times Of India reported that mining industry in Goa, which is reeling from a global meltdown in iron ore prices, has approached the Union government to bring down the export duty on iron ore of upto 60 grade from the existing 30% to 0%. Presently, the export duty on iron ore above 58 grade is 30%. The Goa Mineral Ore Exporters Association, the main trading body of mine owners in the state, has written to the Union government for reduction in export duty on iron ore.

Speaking to TOI, association president Mr Ambar Timblo said that the association has been in constant dialogue with the central government on the matter of export duty. He said that "The acuteness of the problem is now even more severe in a collapsing commodity market, and a huge tax and statutory burden on the sector is making the short run financially difficult and the medium-long run uncertain, to say the least.”

Mr Timblo said that "If export duty is not corrected to be market related and fiscal costs are not rationalised to the times, it could be a long winter and if clarity in the sector is not visible, we may see longer winters ahead."

Sources said that most of the iron ore exported from Goa is below 60 grade and currently, there are no buyers for this type of iron ore in the international market. Sources said that even other iron ore exporting countries are giving huge discounts on 60 grade iron ore prices, which has become business competitive.

April 2014, Union finance minister Arun Jaitley had to reduce the export duty on iron ore below 58 grade from 30% to 10% and not lamps. Goa mining industries had made a representation to finance minister to remove this ambiguity. In February 2016, the Union finance minister exempted export duty on iron ore below 58 grade.

Source : Times Of India

voda 25 oktober 2017 17:24

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Kumba Iron Ore production and sales report for the quarter ended 30 September 2017

Kumba Iron Ore Limited has released its production and sales report for the quarter ended 30 September 2017. Total production guidance for 2017 has been revised to 42-44 million tonnes. Production was down 2% to 11.5 million tonnes as a result of a decrease in Sishen production. Export sales up 4% to 10.8 million tonnes due to delayed shipping.

Sishen production decreased by 7% to 7.8 million tonnes (3Q16: 8.3 million tonnes). The higher production in 3Q16 was attributable to temporary access to low strip ratio ore and higher plant yields as per the mine plan. As planned, production for 3Q17 was in line with 1Q17 and 2Q17. Waste removal increased by 21% to 42 million tonnes, compared to 35 million tonnes in 3Q16. Sishen maintained its solid and consistent performance and ongoing improvements which have resulted in production guidance for 2017 being revised to 29-30Mt. Waste guidance remains unchanged at 155-165 million tonnes.

Kolomela production increased to 3.7 million tonnes, up 8% compared to 3Q16, mainly due to productivity improvements and the ramp up of the modular plant. Waste mined increased by 11% to 16 million tonnes resulting from ongoing improvements in operational efficiency. Kolomela is on track to meet full year production and waste guidance for 2017 of 13-14 million tonnes and 50-55 million tonnes respectively.

Export sales increased by 4% to 10.8 million tonnes mainly due to shipping of delayed volumes on hand at Saldanha at 30 June 2017. Total finished product stocks were 4.6 million tonnes, compared to 4.4 million tonnes at 30 June 2017. Full year sales guidance has been revised to 42-44 million tonnes.

Throughout this report, production and sales volumes referred to are 100% of Sishen Iron Ore Company Proprietary Limited and attributable to shareholders of Kumba as well as the non-controlling interests in SIOC.

Zie bijlage voor de cijfers.
Source : Strategic Research Institute

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voda 26 oktober 2017 15:17

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Indian Railways floats global tender for procuring 700,000 tonne of rails

The Hindu reported that India’s Ministry of Railways has floated a global tender to procure seven lakh tonne of rail, worth about INR 3,500 crore in a bid to clear pending track renewal work. Mr Piyush Goyal, Railways Minister, told “We floated a global tender on October 12 to procure 700,000 tonne additional rail, which will help us to ensure that the backlog of track renewal is cleared. We were not able to meet the demand for track renewal due to shortage of rail.”

The move comes five months after the Union Cabinet approved a policy to provide preference to domestically manufactured iron and steel products in government procurement.

At present, the Railways procures rail solely from public sector SAIL which is the largest steel producer in the country. SAIL had committed to supply 11.45 lakh tonne rail to the Railways in 2017-18, leaving a deficit of 3.14 lakh tonnes. A NITI Aayog report earlier this year raised concerns over delay in overdue track replacement that could likely lead to train accidents. In 2016-17, the Railways renewed 2,487 km tracks compared with 2,794 km in 2015-16 and 2,424 km in 2014-15.

Source : The Hindu

voda 26 oktober 2017 15:21

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China pollution crackdown to stay - Environment minister

Sydney Morning Herald reported that crackdown on polluting industries in northern China for an unprecedented five months over winter is not a one-off and could hit Australian iron ore and coal exports. The winter pollution shutdown, which began in September and will run until March, is set to continue, China's environment minister says. In previous years, the winter shutdown has only lasted a few weeks. Environment minister Mr Li Ganjie of the new measures said that "This is not a one-off, it will continue in the future.”

Chinese cities have a deadline of the end of the year to meet clean air goals set five years ago. Some financial analysts had regarded the government-enforced shutdown as a seasonal impact as the government tries to head off air pollution which worsens in winter.

But Mr Li said that "These special campaigns are not a one-off, instead it is an exploration of long-term mechanisms. They have proven effective so we will continue with these measures.

Chinese President Xi Jinping has called for China to become an "ecological civilisation" and pursue green growth in his report to a twice a decade meeting of the Chinese communist party.

Mr Li said the progress made in addressing air pollution was not enough and China's energy mix was "still dominated by coal" and the proportion of heavy industry too high.

Source : Sydney Morning Herald

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voda 26 oktober 2017 15:23

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PRESS RELEASE

EU steel market: investment and exports push growing steel use; import pressure remains

Brussels, 25 October 2017 – Strengthening investment and robust exports are boosting the performance of steel-using sectors in the EU. Steel demand is expected to continue its gradual recovery in 2018. However, increasing import pressure in in the second quarter of 2017 signals that foreign supply remains a critical issue for the EU steel sector.

EU steel market
Apparent steel consumption in the EU fell slightly in the second quarter of 2017, following robust growth in the first quarter. This slight year-on-year dip was a technical correction related to the stock cycle rather than a sign of weakening in the underlying consumption trend. Unfortunately, EU domestic suppliers bore the brunt of this demand dip; their deliveries into the community market fell by 3.5% year-on-year in the second quarter, whereas third country imports grew by just over 10% year-on-year.

“The relative balance between growth in domestic and foreign supply seen in the first quarter of 2017 was reversed at the expense of EU steel mills. Despite a reduction in imports from China and several other countries owing to corrective anti-dumping duties put in place third country import volumes have risen again in the second quarter, said Axel Eggert, Director General of the European Steel Association (EUROFER).

First estimates for apparent steel consumption in the third quarter of 2017 signal a return of EU steel buyers to the market. The destocking in the second quarter is expected to have led to a lower-than-usual inventory reduction in the third quarter. The forecast for fourth quarter apparent steel consumption is for continued year-on-year growth, but with seasonal destocking dampening growth over this three month period.

Overall, EU apparent steel consumption is forecast to increase by 2.3% over the whole year 2017. Steel demand is expected to continue its gradual recovery in 2018, driven by the expected rise in real steel consumption in the EU market and very modest support from the stock cycle. This continues the gradual recovery in steel demand that began in 2014.

As has been the case in recent years, the extent to which EU steel suppliers will actually benefit from growing EU demand is uncertain. Import distortions remain the main risk for the stability of the EU steel market.

EU steel-using sectors
Business conditions in EU steel-using sectors remained supportive to growth in the second quarter of 2017. Production activity grew by 3.1% year-on-year, and first quarter 2017 growth was revised up to 6.3% compared to the same period in 2016. The positive trend in output over the first half of 2017 was the result of an increasingly synchronised and robust performance across EU member states and of steel-using sectors therein.

Mr Eggert said, “We welcome the healthy performance of relatively steel-intensive sectors. These include the automotive and engineering industries, as well as tube manufacturers, over the first half of 2017. Growth in the construction industry was the strongest it has been for many years and clearly reflects improving fundamentals in this important steel-using segment”.

Estimates and forecasts for the second half of 2017 are for a continuation of the robust growth trend seen in the first half. On balance, total output in 2017 is forecast to rise by 4.2%.

The outlook for 2018 is positive overall. The relatively strong anticipated growth in investment, and the continued expansion of private consumption, will support EU domestic demand. Exports will also contribute to further activity growth among steel-users. Output in the EU’s steel-using sectors is forecast to grow by 1.9% in 2018.

EU economic context
The economic upswing in the EU is becoming increasingly synchronised across countries and GDP spending categories. Multi-year peaks in confidence indicators at the end of the third quarter of 2017, robust hard data on the labour market, in services and in manufacturing, bode well for the performance of the EU economy in the final quarter of 2017 and in 2018.

The business climate looks set to remain supportive to continued healthy investment growth, whereas private consumption growth is foreseen to slow down somewhat. In combination with stable growth of government consumption, domestic demand will be the major driver of economic growth in the EU. Meanwhile, prospects for the external sector remain positive as well, owing to a favourable outlook for the global economy and international trade activity in 2018.

On balance, EUROFER’s October 2017 outlook forecasts EU GDP growth of 2.1% in 2017 and of 1.9% in 2018.
***

www.eurofer.org/News%26Events/Press%2...,%20201.fhtml

voda 26 oktober 2017 15:27

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Chinese steel demand growth to stay flat next year

China Daily reported that growth in steel demand is expected to remain subdued in China next year as the government continues to shift its focus from manufacturing to services and steps up environmental protection measures.

Mr Wang Guoqing, research director at the Lange Steel Information Research Center said that “China’s steel demand may remain relatively stable in 2018. Real estate controls and environmental protection measures have weakened steel demand, despite higher demand due to infrastructure investment and mechanical products associated with the Belt and Road Initiative.”

During the first eight months of this year, China’s infrastructure investment grew 19.8% compared with the same period last year, and is expected to maintain a higher growth rate for the rest of the year.

Mr Li Xinchuang, deputy secretary-general of the China Iron and Steel Association said that “Domestic demand of steel products in the country is expected to see further growth next year, thanks to the robust development of the economy. Next year would be the first year for the country after the 19th CPC National Congress, which will promote economic growth with all strength, resulting in higher steel demand.”

Source : China Daily

voda 26 oktober 2017 15:36

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US DOC issues preliminary antidumping duty wire rod from Italy, South Korea, South Africa, Spain, Turkey, Ukraine and UK

US Secretary of Commerce Mr Wilbur Ross announced the affirmative preliminary determinations in the antidumping duty (AD) investigations of carbon and alloy steel wire rod (wire rod) from Italy, Korea, South Africa, Spain, Turkey, Ukraine and the United Kingdom, finding that producers/exporters in these countries have sold carbon and alloy steel wire rod in the United States at less than fair value. He said “The dumping of goods below market value in the United States is something the Trump Administration takes very seriously, The Department of Commerce will continue to stand up for American workers and business’s in order to ensure that everyone trades on a level playing field.”

Source : Strategic Research Institute

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voda 26 oktober 2017 15:39

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Iran to export 10 million tonnes of steel during H1

Tehran Times reported that head of Iranian Mines and Mining Industries Development and Renovation Organization Mehdi Karbasian announced that Iran has exported more than four million tonnes of steel during the first half of the present Iranian calendar year (March 21to September 22, 2018) and the figure will reach 10 million tons by the year end (March 20, 2018).

Iran exported 5.5 million tonnes of crude steel in the past year, with 27% increase from the figure of its preceding year.

Iranian Steel Manufacturers Association’s Secretary Mr Rasoul Khalifeh-Soltan believes that while the country’s steel industry’s growth has been 5.7 percent on average in the recent years, the figure can reach 10 percent this year, given the promising condition the sector enjoys at present.

Source : Tehran Times

voda 26 oktober 2017 15:41

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EDF and ArcelorMittal Méditerranée commission 12 MW solar plant

Renews Biz reported that EDF Energies Nouvelles and steelmaker ArcelorMittal Méditerranée have commissioned the 12MW La Fossette solar plant in south-east France. The project, which is located in the Provence-Alpes-Côte d’Azur region, was developed and built by EDF EN land owned by ArcelorMittal at the Fos-sur-Mer industrial and port complex.

It covers a 15-hectare area and comprises over 45,000 photovoltaic panels. A total of 40 people were involved in the 10-month construction of the wind farm.

ArcelorMittal Méditerranée aims to facilitate renewable energy production by making available a portion of its industrial lands.

Source : Renews Biz

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voda 26 oktober 2017 15:42

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NMDC’s Nagarnar Steel plant load trials likely by Dec ’17

The Pioneer reported that NMDC Ltd may take up integrated load trials at its upcoming 3 million tonne per annum Steel plant at Nagarnar near Jagdalpur in Bastar region of Chhattisgarh by December 2017, as per a company presentation made last year.

The company has also commenced work for setting up the 2.0 million tonne per annum Pellet Plant at Nagarnar.

Notably, it has made a capital expenditure of INR 4.76 crore as on September 2016 for development of its Bailadila iron ore mines in Bastar region of Chhattisgarh during the last financial year.

The company is now going for construction of the 5th iron ore screening line at its existing screening plant number 2 at Bailadila Iron Ore Mine at Kirandul complex in Dantewada district of Bastar region.

Officials informed that it may also be recalled that NMDC has proposed to use its mine lease area at Deposit number 4 located at Bailadila range of hills at Bhansi near Bacheli in South Bastar’s Dantewada district in Chhattisgarh for meeting the raw material requirement 'exclusively' for its upcoming 3 million tonne per annum Integrated Steel Plant at Nagarnar

They informed that the remaining iron ore quantity after meeting the requirement of integrated steel plant at Nagarnar from Deposit 4 will be sold to domestic customers in Chhattisgarh.

The Deposit - 4 iron ore mine will be developed as a 'standalone project' with an estimated investment of INR 1899.74 crores.

Notably, NMDC proposes for mining the Deposit number 4 iron ore mine with a production capacity of 7.0 million tonne per annum in the mine lease area of 646.596 hectares.

Notably, NMDC's iron ore requirement for the steel plant would be 5 million tonne per annum .

The exploration work was done at Bailadila Deposit No. 4 by NMDC in the year back in 1972-74. The ore reserves were proved by detailed exploration activities.

The Deposit 4 has a production capacity of 7.0 million tonne per annum and spread in a mining lease area of 646.596 hectares.

In addition to the mining lease area, 95.13 hectares forest land is identified for development of infrastructure such as downhill conveyor, screening plant, loading plant and approach road etc.

Further, 50 hectares of non-forest land is also required for installation of railway stock yard, administrative building, loading plant (part), tailing dam, STP and township etc.

The existing iron ore production from other Bailadila mines is catering to requirements of large steel plants and also to local sponge iron / pellet plants in Chhattisgarh.

Mining plan along with progressive mine closure plan has been approved by Indian Bureau of Mines (IBM), for production capacity of 7.0 million tonne per annum vide their letter no: No 314(3)/2012-MCCM (CZ)/MP-19 dated July 26, 2013, officials informed.

Source : Daily Pioneer

voda 26 oktober 2017 15:45

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Imperial College 3D printed stainless steel bridge to be installed in the Netherlands
Published on Thu, 26 Oct 2017

Slash Gear reported that researchers at the Imperial College London are working with a 3D printing company called MX3D to create the world’s largest 3D printed metal structure. The structure is a footbridge that will be installed in the Netherlands in late 2018. The bridge will cross the Oudezijds Achterburgwal canal in Amsterdam.

Once open the bridge will be used by pedestrians and cyclists. The bridge will have a vast sensor network installed on it by structural engineers, mathematicians, computer scientists, and statisticians working in The Alan Turing Institute-Lloyd’s Register Foundation program in data-centric engineering. All the sensors will be used to collect data on the bridge like strain, displacement, and vibration.

The sensors will also be able to measure environmental factors like air quality and temperature. Together all the sensors will allow the monitoring of the health of the bridge in real time and monitoring of how the bridge changes over time. The detailed sensor data will be used to create a digital twin of the bridge

The insights gleaned from the sensor array will be used in future 3D printed structures. The performance of the real bridge can be tested with the digital model and it will allow the bridge to be modified for safety if needed.

The scientists have announced that the data captured by the sensors on the bridge will be made open for research. MX3D has launched an open call that closes in February 2018 to get ideas for how to use the data it is collecting.

Source : Slash Gear

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voda 26 oktober 2017 15:51

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Sindh government won’t give PSM land to center - CM Murad

The News quoted Sindh Chief Minister Syed Murad Ali Shah as saying that the provincial government would never give its land for the proposed recovery of Pakistan Steel Mill. Mr Murad said that “The land belongs to the people of Sindh and we would never barter away on their rights.”

This he said while giving instructions to Sindh Chief Secretary Rizwan Memon and asked him to write a letter to the federal government that the land of Pakistan Steel Mills belongs to the provincial government.

He said that “We would never allow its [land] doling out to settle the liabilities of mills which are said to be around PKR 65 billion.”

The chief minister said that the federal government has failed to run Pakistan Steel Mills which is a national asset. He said that “The steel mill has a vast potential to turn it a profit-making orgnisation but it needs political will and clear business plan which seems to be lacked with the people at the helm of affairs.”

The seriousness of the federal government to run the mills can be gauged from the fact that it has no CEO from the last one year.

The chief minister said that the provincial government had given land to the federal government for establishing a steel mill complex in 1970s. Now, the federal government has failed to run the mill professionally, therefore it has set its eye on its pricy land which doesn’t belong to them.

He added that “We would never allow any bank or corporation to take an inch of the land of the mill, and the extra land of the mill would also be resumed.”

The chief minister said that the provincial government has its own plans to utilize the land available there. He added that “We are going to establish new industrial units, power plants and such other establishments,” he said and directed the chief secretary to start a clear and concrete correspondence with the federal government telling them that the land of Pakistan Steel Mills belongs to the people of Sindh [Sindh government] and we would never allow anybody to dole it out.”

Source : The News

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voda 26 oktober 2017 15:51

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Sinosteel presents its iron ore pelletizing technology in Tehran

Financial Tribune reported that China’s Sinosteel Corporation presented its pellet production technology during a ceremony held in Tehran with Iranian steel industry officials and players in attendance. The technology, called travelling grate pelletizing, boasts of superior efficiency. Sinosteel MECC’s General Manager Wang Jian told Financial Tribune that “Our pelletizing technology is superior to all other international rivals–such as Germany–in environment-friendliness as well as production and energy efficiency.”

The technology was employed for the first time in Iran in Sirjan Iranian Steel Company for a 2.5 million tonne per year pelletizing plant in March 2017. This was the first traveling grate pelletizing plant ever supplied by a Chinese company, according to Sinosteel.

Describing China’s environmental policies as the most robust in the world, Mr Wang underscored Sinosteel’s commitment to developing green industrial technologies such as traveling grate.

Founded in 1993, Sinosteel Corporation is a central state-owned enterprise, operating primarily in mining, trading, equipment manufacturing and engineering under the supervision of China’s Assets Supervision and Administration Commission. The company operates 86 subsidiaries, of which 63 are in China and 23 abroad.

Mr Wang added that “As China’s largest engineering company, Sinosteel is ready to cooperate in all related projects in Iran.”

The Chinese corporation has so far undertaken 150 projects around the world. Three of them were in Iran and at the request of Middle East Mines and Mining Industries Development Holding Company in both pelletizing and steelmaking.

As well as the plant at SISCO, another 2.5 million tonne per annum pellet plant at Zarand Iranian Steel Company was supplied and engineered by Sinosteel using a mature grate-kiln-cool process. The Chinese firm undertook installation of both mechanical and electrical equipment at the plant, in addition to staff training and operation, utilizing a team of 300 workers and 50 technicians, according to company data.

MIDHCO’s Managing Director Ali Asghar Pourmand said that “The three projects came on stream with €700 million worth of investment, adding that 85% of which were funded through Iran-China financing.”

Mr Wang pointed to Iran as a major market in the Middle East and emphasized that although Sinosteel does not directly involve itself in investments, it has attracted many Chinese firms to invest and work in Iran even under the international nuclear sanctions against the country.

Source : Financial Tribune

voda 26 oktober 2017 15:59

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Standard Organisation of Nigeria shuts 4 steel mills

The Independent reported that the Standards Organisation of Nigeria (SON) has shut four steel companies across the country for non-compliance to requirements of the Nigeria Industrial Standards (NIS 117) and global best practices. It also warned that any steel manufacturer caught circumventing quality assurance requirements henceforth will be prosecuted in line with the SON Act 14 of 2015.

Mr. Osita Aboloma, the Director General, SON, gave the warning at a meeting with Steel Stakeholders in Lagos stating that compliance to quality and standards would guarantee local and international patronage of steel products made in Nigeria.

He said the four firms were among those the agency investigated and conducted integrity tests recently.

He advised Steel Manufacturers not to undermine one another through the production of substandard steel reinforcement bars under the name and code of rival firms and competitors. Such act, according to him, is to the detriment of the unsuspecting end-users who buy and use the products.

Mr. Aboloma also warned them to desist from tampering with any consignment put on hold by officials of the agency for suspected infractions during investigation and quality verifications, stressing that such acts by anyone in the steel or other sectors would be prosecuted.

He reiterated the agency’s commitment to ensure the safety of lives and property of Nigerians, part of which informed its recent nationwide monitoring of steel production.

The SON boss expressed concern over the non-compliance of key stakeholders in the industry, maintaining that the agency would stop at nothing to bring sanity to Nigeria’s steel sector. “Players producing without regards to NIS 117 will not be tolerated.” he said.

Source : The Independent

voda 26 oktober 2017 16:04

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Thyssenkrupp Materials would be good fit - Kloeckner CEO

Reuters reported that German steel distributor Kloeckner & Co sees Thyssenkrupp’s material services unit as a good strategic fit, its chief executive said, but cautioned any potential purchase of the business would not be easy. Mr Gisbert Ruehl told journalists on Wednesday “The unit is twice as big compared to our company:”

But he added that Kloeckner & Co had not been approached by Thyssenkrupp about the matter.

Asked about the planned steel merger of Thyssenkrupp and Tata Steel, the group’s two biggest suppliers of flat steel, Ruehl said that any form of consolidation was good for the sector.

Source : Reuters

voda 26 oktober 2017 16:05

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Expressway built with SAIL steel lands Air Force’s Super Hercules transport aircraft

Steel Authority of India (SAIL) supplied 33500 metric tonnes of steel for the construction of the Agra - Lucknow expressway which facilitated the touch-and-go landing of planes of the Indian Air Force, today.

Source : Strategic Research Institute

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voda 26 oktober 2017 16:08

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Kobe steel scandal - Plane components being checked

Reuters reported that Japanese authorities are conducting safety checks at a Kobe Steel Ltd aluminium plant that supplied components for a domestically built aircraft and seeking to inspect other plants owned by the embattled company.

Kobe Steel's revelations of widespread tampering in the specifications of its products have sent a chill through global supply chains for cars, trains, airplanes and other equipment. While no safety issues have been identified, the company is the subject of a US Department of Justice inquiry and has said it is losing customers.

Transport Minister Keiichi Ishii told reporters that the inspection of Kobe Steel's Daian plant in central Japan was focusing on the safety of components being used in Mitsubishi Regional Jet passenger aircraft being developed by Mitsubishi Heavy Industries Ltd.

He said that "As a country of design and manufacturing, we have an unmistakable commitment to safety. We want to be absolutely sure of product safety as the MRJ heads towards mass production."

The repeatedly delayed MRJ is central to the Japanese government's plans to revive an aerospace industry dismantled after World War Two. The aircraft has yet to enter service.

A spokeswoman for Mitsubishi Heavy said that products with fabricated data have been used in the aircraft, adding no safety issues have been found. There is no impact on testing schedules for the MRJ.

Japan's industry minister also said on Tuesday he was seeking checks on other plants run by Japan's third-largest steelmaker to see whether they were in compliance with statutory industrial standards.

Source : Reuters

voda 26 oktober 2017 16:16

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China import of lead, iron ore imports from North Korea down sharply after UN sanctions

Reuters reported that China’s imports of iron ore and lead concentrate from North Korea plunged to their lowest in more than six years, while coal arrivals fell sharply after the United Nations’ latest sanctions against the isolated nation.

Lead ore and concentrate arrivals totaled just 1,321 tonnes, worth USD 1.18 million, down 84% from a year earlier and the lowest on Reuters records dating back to January 2010, according to data from the General Administration of Customs.

Iron ore shipments plunged 98% to 3,035 tonnes, worth about USD 55,000, the lowest monthly volume on Reuters records from January 2011.

China imported 511,619 tonnes of coal, worth about USD 44 million, from North Korea, down 71.6% from a year earlier.

The data represents the final shipments allowed through customs before the UN penalties came into force on Sept. 5, banning Pyongyang from selling coal, iron ore, lead, lead ore and seafood abroad.

Numbers released last week showed trade between the world’s second-largest economy and its northern neighbor totaled USD 412 million, the weakest since April.

The UN Security council unanimously imposed new sanctions on North Korea. The sanctions took effect this month, but China enforced the new measures from Aug. 15, amid growing pressure from the United States to rein in Pyongyang’s missile program.

Source : Reuters

voda 26 oktober 2017 16:47

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Italian rebar prices uptick

Some Italian rebar transactions have increased by €10/tonne ($11.7/t) compared to the beginning of the month. The market is considered to be “… stable but increasingly quiet,” Kallanish hears from agents and buyers.

The new base price is to €230/t ex-works, Kallanish hears. This week’s prices are holding for all long products despite the slow market. Scrap price forecasts remain uncertain this week but sources believe that November longs’ prices and scrap values will enjoy stability compared to October.

Demand is however “… deflated” compared to the beginning of October and buyers are tending to wait in order to assess the future development of national and international prices. The Italian steel market has been extremely slow in October with subdued buying activity due to price uncertainties.

Rebar is sold at between €220-230/t base with producers asking €240-250/t. Transactions are at €480-490/t ex-works including size extras, sources suggest.

Source: Kallanish.com

Vertraagd	20 mei 2024 17:39
Koers	24,170
Verschil	-0,100 (-0,41%)
Hoog	24,670
Laag	24,150
Volume	1.919.360
Volume gemiddeld	2.555.305
Volume gisteren	2.399.653

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