The Ministry of economical development of Russia believes that in 2017 metal and metal wares output will grow by 1% YoY, with 1.6% and 1.8% growth forecast for 2018 and 2019. Rolled metal growth will be slower (less by 1%), but by 2019 Russia will be producing 61 million tons of rolled metal per year…
In January-November raw magnesium output in Russia went up by 2.7% YoY, and of magnesium alloys – by 1.6%. According to the Federal Service of State Statistics, in November raw magnesium output increased by 6% YoY, but dropped by 3.2% MoM. Magnesium alloys production decreased by 19.1% MoM, but increased by 10.1% YoY. (Ukrainian metal)
Month Ukrainian market, $/t, without VAT, EXW, $1/UAH25.499* min max October 305 305 November 320 320 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 30.11.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)
Kola MMC joined the Zero Environmental Impact intiative launched by The Bellona Foundation, an international environmental NGO. The purpose of the effort is to cut down the industrial emissions by means of the companies’ voluntary agreeing to short-term voluntary operation shutdown (where permitted by the production processes). The Zero Environmental Impact event was held on…
In 2018 Severniy Mining and Processing Works intends to increase concentrate output by 23%, to 15 million tons. According to the company CEO Pavel Timoshenko, in 2016 the works plans to mine 28864 thousand tons of ore and produce 13 million tons of concentrate and 9.19 million tons of pellets. (Ukrainian metal)
Month Ukrainian market, $/t, without VAT, EXW, $1/UAH25.499* min max October 273 273 November 273 273 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 30.11.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)
NLMK Group, an international steelmaking company with operations in Russia, Europe and the USA, has appointed Dmitry Stopkevich the new CEO of NLMK Russia Long Products Division (NLMK Long Products), one of the largest manufacturers of long products and metal ware in Russia. The division was previously managed by Grigory Fedorishin, who was appointed Head…
In November Ukraine exported $186.2 million worth of iron ore, with imports on the level of $3.69 million. According to the State Fiscal Service, the main importer of Ukrainian iron ore in November was China ($54.73 million). In January-November Ukraine exported $1607.6 million worth of iron ore, while imports stood at $70.86 million. (Ukrainian metal)