International rating agency Moody’s has worsened its outlook for Russia’s steel sector to negative from stable. The agency attributed the move to an anticipated decline in demand for steel amid low oil prices and a weak industrial PMI. Moody’s expects that demand for steel will fall by 3-7% this year compared with a previous projection…
In March, deliveries of scrap to metal companies reached 260-270 thousand tons, and in Q1 – 660-680 thousand tons. This allowed providing companies with scrap at the level of 110-113%. Scrap stocks are now high – 130-135 thousand tons. According to UAVtormet president Vladimir Bubley, 2020 will see decrease in scrap procurement by 12-15% in…
In January, Russia imported 61.9 tons of raw tin, down by 44% MoM and by 26% YoY. Price remained unchanged – $18.4 per kg. Deliveries from Belgium grew 2-fold, to 40 tons, while from Bolivia dropped 2-fold, to 20.5 tons. Malaysia and Peru stopped supplying tin to Russia. In 2019, imports totaled 1.2 thousand tons,…
In 2019, Russia extracted 367.952 tons of gold, up by 12% YoY. 286.563 tons accounted for extracted gold, up by 9.5%. Auxiliary gold totaled 18.134 tons, up by 17.4%. And the rest accounted for gold-containing concentrates and secondary precious metal. Polyus provided almost a quarter of all ore gold – 88.36 tons, up by 16.4%.…
In 2019, gold-extracting company Priisk Dambuki received 838.7 million rubles of revenue, down by 3.3% YoY. Sales profit grew by 0.6%, to 157.7 million rubles. Net profit increased to 70 million rubles from 45.2 million rubles. (Ukrainian metal)
ChTPZ Group has shipped over 60 thousand tons of large-diameter pipes to Gazprom for construction of the gas pipeline to connect Kharasaveyskoye deposit to Bovanenkovskoye. Pipes with the outer corrosion-resistant coating with the diameter of 1420 mm and wall thickness of 27.7 and 33.4 mm of K65 steel were produced at Chelyabinsk Iron and Steel…
The quarantine introduced to cope with the COVID-19 pandemic, will affect steel consumption in Russia. In April-May, consumption could fall by 25%, as state expenses on infrastructure projects have fallen considerably. According to VTB-Capital analysts, in February steel consumption in Russia grew by 5% YoY, following an increase of 12% in January. In Q1 the…
In January-March, Ukraine transported 61 thousand tons of metal cargo via the Dnepr River, down by 22.7% YoY. January accounted for the main volume of transportation. In February, transportation was suspended because of the repair at the Kakhovka sluice. The operation of the sluice resumed on March 10. In 2019, metal cargo transportation along the…
