In 2015-2018 Interpipe lost some 14% of the Ukrainian market of seamless hot-rolled pipes. The drop is due to the growth of Chinese products on the Ukrainian market, which are sold at dumping prices. “There has not been such a growth before. But in 2018 Chinese deliveries began increasing drastically resulting in such damage. As…
The state concern Ukrpromvneshekspertisa forecasts that prices of ferrous scrap will fall by 3.5-3.6%, to 5.3-5.5 thousand UAH per ton. Local metal companies will be cautiously decreasing the price of raw materials purchased due to the drop of rolled metal cost on world markets. But the price drop will not be considerable, as scrap procurement…
In January-June Russia produced 1,7 million tons of construction metal structures, down by 5% YoY. As of early Q3 average price was on the level of Q4 2018 – some 97 thousand rubles per ton. Yet, it is 11% higher compared with late 2017. (Ukrainian metal)
Magnitogorsk Iron and Steel Works (MMK) delivered more than 314,000 tons of steel products to the automotive industry in the first half of 2019, exceeding the previous year’s figure for the same period by 23%. The share of shipments to the automotive industry in the first six months amounted to 7.5% of MMK’s supplies to…
NLMK Lipetsk, NLMK Group’s flagship production site, has delivered electrical non-grain oriented (NGO, or dynamo) steel to Ruselprom (Russian Electrotechnical Group), a leading manufacturer and supplier of electrical machinery in Russia. NLMK’s NGO steel will be used to manufacture generators for the Azov wind farm, Rostov region’s first-ever renewable energy project. The 90 MW Azov…
In case of the exploitation of Amulsar mine, it will raise the environmental standards of Armenia to an unprecedented level, PM Pashinyan announced during a Facebook live broadcast. ”In case Amulsar is exploited under the existing conditions, it will be exploited under unprecedented environmental standards for the Republic of Armenia. We bring to an unprecedented…
Evraz ZSMK has added another type of sections to its export portfolio. The company has mastered the manufacture of rails according to the Korean standard of KS R 9106:2006R. The 50 N rails are lightweight and are used in the construction of subway. The company is ready to produce a trial batch. Since 2015 the…
Prime Minister Nikol Pashinyan has said during the closed meeting regarding the fate of the Amulsar gold mine that at this moment there are no grounds to order a new audit. “The prime minister has said that currently there are no grounds to suspend, he didn’t say that it should be operated. At this moment…
