At two plate-rolling workshops of Magnitogorsk Iron and Steel Works (MMK), a new digital system has been put in operation to monitor the number of cars that are in commercial operation. The system will allow for rapid identification of violations during work with rolling stock and significantly improve the efficiency of shipment unloading. In the…
Magnitogorsk Iron and Steel Works (MMK) participated in the international exhibit of metallurgical technologies METEC 2019. At the MMK stand, the visitors were able to familiarize themselves with a wide range of products and technological capabilities of one of Russia’s largest metallurgical companies. As a result of a large-scale technical re-equipment in recent years, MMK…
In January-March Ukraine produced 44 thousand tons of metal structures, up by 1 thousand tons YoY. 66% of manufacturers posted increase in output. 6% of market participants produced over 2 thousand tons of structures. Consumption remained unchanged and totaled 42 thousand tons. Exports dropped by 19%, to 1.7 thousand tons. Imports went down by 52%,…
In January-March large and medium metal companies posted losses of 6.13 billion UAH as opposed to the profit of 4.36 billion UAH in Q1 2018. According to the State Statistics Service, 69.5% of enterprises received a profit of 2 billion UAH, while the other 30.5% got losses of 9 billion UAH. EBITDA was –6.75 billion…
The Cabinet of ministers has decreased expenses on technical revamping and modernization of coalmining enterprises by 320.89 million UAH. In particular, the previous amount of 704.5 million UAH has been decreased to 383.61 million UAH. Initially it was supposed to spend 1 billion UAH, but on June 5 the amount was lowered to 704.5 million…
In April Russia exported 53 tons of nickel wire, rods and sections, up by 20.4% MoM and by 5.19% YoY. In 4 months exports grew by 66.2% YoY, to 197.8 tons. In monetary terms since the start of the year the exports have increased by 55%. Export prices have grown 2-fold, to $48 per kg.…
In April Russia imported 25.5 tons of molybdenum, including scrap, up by 3.7% MoM, but down by 20.9% YoY. In 4 months imports grew by 0.4% YoY, to 111.8 tons. In monetary terms exports have increased by 37.8% YoY. China is still the main supplier with the share of 52.6%, down by 22%. The price…
In April Russia exported 1.9 thousand tons of raw chromium, up by 33% MoM and by 5.7% YoY. In 4 months exports dropped by 9.8% YoY, to 6.3 thousand tons. In monetary terms since the start of the year exports have decreased by 4.6%. US accounted for a quarter of all deliveries (461 tons). In…
