Russia: ChTPZ pipe sales down in H1 2016

In January-June CHTPZ Group pipe companies (Chelyabinsk pipe-rolling and Pervouralsk New Pipe Works) have shipped 865 thousand tons of steel pipes to consumers, down by 19% YoY, or by 206 thousand tons. The decrease is explained by the drop in the large diameter pipes (LDP) demand. This trend is observed at all major Russian manufacturers.…

Ukraine: bad railroad operation to cause $1.8 billion of losses

Because of the Ukrzaliznytsia problems with cargo transportation, metal works suffer from raw materials deficiency and lose market opportunities and export revenues. “Weak spots in railroad infrastructure, shortage of locomotives and fuel, ineffective coordination of Ukrzaliznytsia resources cost our country some $1.8 billion of not received foreign currency revenues in metal sector. And that’s almost…