Russia: Severstal-Metiz enters Scandinavian market with new product

Severstal-Metiz rebars have passed certification for the Scandinavian market.

Eurofins Expert Services has confirmed that the range of cold-deformed rebars with the diameter of 5 to 10 mm corresponds to the quality standards.

The certification procedure lasted for almost a year. (Ukrainian metal)

Russia: Russky Ugol output in Khakasia up in H1 2019

In January-June the Stepnoy Pit (a part of the Russky Ugol) produced 2.24 million tons of power-generating coal in the Republic of Khakasia, up by 9% YoY.

Coal processing grew by 20%, to 1.9 million tons.

The Stepnoy Pit was commissioned in 1993.

Last year it mined 4.2 million tons of coal. (Ukrainian metal)

Russia: metal exports down in June 2019

In June local demand for ferrous metals showed a positive dynamics of 0.6% YoY. Unfavorable world market situation negatively affected the exports, which fell by 18.3%. At the same time the local demand for non-ferrous metals dropped sharply – by 22.7%. Rusal decreased exports by 16.7%, but since the start of the year increased them…

Ukraine: AMKR searched by security service

The Ukrainian arm of the world’s biggest steelmaker said that the state security service had searched its plant in Kryvyi Rih, a week after new Ukrainian President Volodymyr Zelensky criticized the management. ArcelorMittal has invested about $9 billion in Kryvyi Rih, Ukraine’s largest steel mill, which is now under close government scrutiny, as reported by…

Russia: scrap imports from Kazakhstan up in May 2019

In May Russia increased scrap imports from Kazakhstan by 19% YoY, to 59 thousand tons.

At the same time, in monthly terms imports fell by 31%.

In January-May Russia imported 268.3 thousand tons of scrap from Kazakhstan, up by 72%.

Average price in May on Russian border was $234.4 per ton. (Ukrainian metal)

Russia: Severstal’s IFRS net profit down in H1 2019

The net profit of the Russian steelmaker Severstal fell by 11.3% YoY, to $903 million in January-June, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement. Revenue shrank by 5.1%, to $4.208 billion in the period, earnings before interest, taxes, depreciation and amortization (EBITDA) decreased by 10.4%, to $1.416 billion.…

Russia: MMK steel output down in Q2 2019

Russian steelmaker Magnitogorsk Iron and Steel Works (MMK) reduced its steel output by 0.5% QoQ, to 3.091 million tons in April-June, while cast iron production rose by 2.3%, to 2.452 million tons, the company said in a statement. In January-June it raised its steel production by 0.4% YoY, to 6.198 million tons. Cast iron production…

Ukraine: coke output down in H1 2019

In January-June Ukraine manufactured 5.189 million tons of metallurgical coke, down by 3.3% YoY. In particular, in June plants produced 769 thousand tons of coke and in May – 917 thousand tons. The decrease in manufacture is due to the drop of coking coal supplies from Russia. Moreover, some metal works shut down their capacities…

Ukraine: 2 thousand tons of pig iron spilled at Azovstal

Some 2 thousand tons of liquid pig iron has been spilt at the Azovstal Iron and Steel Works.

A hole has been burned down in the mixer No. 1 of the converter shop.

There were no injured. (Ukrainian metal)

Russia: Zoloto Timptona to get 60 kg of gold

Zoloto Timptona LLC, developing alluvial gold sites in the Republic of Sakha (Yakutia), intends this season to obtain 60 kg of the precious metal. The Utanakh and Berezoviy brooks will yield 35 kg of gold. This year the company will also start developing deposits at the Troitskiy and Innokentievskiy sites. Zoloto Timptona is developing the…