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Aluminium: Russian metal stocks rise at the LME boosting demand for the Indian alternative
The share of Russian aluminium in warehouses registered with the London Metal Exchange (LME) rose to 68 per cent in May from 52 per cent in April, according to the exchange's data on Monday, as traders reported increased demand for Indian metal as an alternative. The...
Stainless steel: Russian imports decreased by 10.3% month-on-month in May
According to a statement issued by Russia-based SpetsStal Union, Russian stainless steel imports amounted to 46,250 tonnes in May this year, down 10.3% from the previous month. Imports of cold-rolled stainless steel and wire-rolled stainless steel decreased by 0.4%...
Chilean mining association asks Congress to cancel increase in payments for mining claims
The president of the Chilean National Mining Association (Sonami), Jorge Riesco, met with the Congressional Mining Commission and asked to cancel the increase in the cost of patented mining claims. The increase is provided for in Bill No. 21,420, which amends some...
HRC steel: Turkish exports fell by 30.8 per cent in January-April
According to data provided by the Turkish Statistical Institute (TUIK), Turkey's HRC steel exports amounted to 66,245 tonnes in April this year, down 42.5% month-on-month and 41% year-on-year. However, revenue from these exports was $49.62m, down 42% month-on-month...