Severstal Steel Decisions has finished supplying metal structures for the construction of Kola Iron and Steel Company objects. The total weight of the structures was 825 tons. “So far this is one of the northernmost projects fulfilled by the company”, director Denis Chetverikov said. All the metal structures are covered with corrosion-resistant coating and the…
Bratsk Aluminum Works has successfully passed an audit for the correspondence to the ship classification requirements (DNV-GL-RU-SHIP) and has received a certificate for the alloys used in shipbuilding. The audit has been carried out at the request of the Kamensk-Uralsky Iron and Steel Works (KUMZ), which manufactures and supplies products to the shipbuilding plants. As…
The net profit of the Russian metals giant Norilsk Nickel rose by 44% YoY, to $3.059 billion in 2018, as calculated under International Financial Reporting Standards (IFRS). Revenue increased by 28%, to $11.67 billion, while earnings before interest, taxes, depreciation, and amortization (EBITDA) grew by 56%, to $6.231 billion. The EBITDA margin rose to 53%…
Russian metals giant Norilsk Nickel expects an 800,000-ounce palladium deficit in 2019, as demand will outstrip supply, the company said. The price of palladium has been hitting historic highs recently due to low supply and high demand from auto producers that strive to meet strict environmental norms. This year palladium is becoming a preferable metal…
According to Worldsteel, steel output in January totaled 146.7 million tons, up by 1% YoY. China produced the most steel as usual – 75.01 million tons, up by 4.35%. Chinese share in the world output is 51.1%. Ukraine is still on the 13th place, having produced 1.85 million tons of steel, down by 4.9% YoY.…
In January Ferrexpo exported 939.7 thousand tons of iron ore pellets. In particular, Poltava GOK shipped 750.7 thousand tons and Yeristovo GOK – 189 thousand tons. Metalloinvest (Russia) exported 435.6 thousand tons of pellets (Mikhailovsky GOK – 364.2 thousand tons and Lebedinsky GOK – 71.4 thousand tons). Metinvest exported 369.3 thousand tons of pellets (Central…
ArcelorMittal Kriviy Rih will increase funding to purchase personal protective equipment (PPE) for its employees: from 81.7 million UAH in 2018 to 96.3 million UAH in 2019. A part of PPE has already arrived at the enterprise. There are new products in addition to traditional PPE – heavy-duty clothes and shoes with steel caps, earplugs,…
In January Ukraine exported $287.21 million worth of flat rolled metal, up by 33.9% YoY. According to the State Fiscal Service, imports dropped by 6.3%, to $46.2 million. Compared with December 2018 exports grew by 19.5%, while imports fell by 7.1%. The largest deliveries were made to Poland ($24.719 million). (Ukrainian metal)