In January Ukraine exported 40.6 thousand tons of pipes, down by 10.9% MoM, valued at $48.7 million. According to the State Fiscal Service, the pipes share in the total export was 1.19%. Seamless pipes accounted for 31 thousand tons ($42.8 million), other pipes and tubes – 8.7 thousand tons ($5.3 million) and other pipes and…
According to the Statistics Committee of the Ministry of the National Economy, in January Kazakhstan produced 223.8 thousand tons of steel, down by 41.3% YoY. Flat rolled metal manufacture dropped by 72.3%, to 69.932 thousand tons. Ferroalloys output grew by 5.4%, to 180.573 thousand tons. (Ukrainian metal)
Energomashspetsstal has received a new order from ArcelorMittal – Belval & Differdange to produce and supply 4 working rolls for the hot-rolling mill. According to the agreement, the rolls have to be shipped to Luxembourg in September-October. The total weight of the batch will be 128 tons. EMSS and AM have been cooperating since 2011.…
Severstal, one of the world’s leading vertically integrated steel and steel-related mining companies, announces that Moody’s has upgraded its rating on Severstal to Baa2 from Baa3 and changed its outlook from positive to stable. Moody’s also raised Russia’s country ceilings for foreign currency debt to Baa2/P-2 from Baa3/P-3 and the ceilings for local currency-denominated debt…
Primetals Technologies has received another order from Evraz NTMK to supply an automation system and electric equipment for the blast furnace No. 6 reconstruction. The system will optimize the blast furnace operation and decrease coke usage. Primetals Technologies has already modernized the blast furnace No. 7, commissioned in early 2018. The blast furnace No. 6…
In January-November 2018 Metinvest received $10.912 billion of income, up by 36% YoY. Metal division income grew by 40%, to $9.263 billion, and of mining – by 19%, to $1.649 billion. Consolidated EBITDA went up by 34%, to $2.41 billion. Metal division EBITDA increased almost 2-fold, to $1.3 billion, while that of mining division dropped…
Average salary in the metal and mining industry in Ukraine is 2 times higher than the monthly wages of financial and law workers. According to the Federation of metallurgists, in December 2018 the average salary of Ukrainian metal makers ranged between 10 thousand UAH and 26.9 thousand UAH. In particular, a typical blast furnace gas…
In January Ukraine increased pig iron exports by 18.3% YoY, to 276.4 thousand tons, valued at $95 million, up by 25% YoY. According to the State Fiscal Service, the share of pig iron in the overall exports totaled 2.34%. Most of pig iron was sold to US (53.7%, or $60.6 million), Italy (12.4%) and Mexico…