Russia: steel structures output down in January-February 2017

In January-February Russia produced 580 thousand tons of steel structures and parts, down by 14.5% YoY.

According to the Federal Service of State Statistics, in February steel structures output increased by 18.8% YoY and by 14.8% MoM. (Ukrainian metal)

Russia: Nornickel fund buying palladium

In 2016 Norilsk Nickel bought some 5 tons of palladium from Global Palladium Fund. The authorized capital of the fund received $100 million, which allowed making trial transactions. The fund is toying with palladium transactions. Last year it successfully bought palladium and then resold it to the major customers of Norilsk Nickel. This year the…

Ukraine: AMKR to invest $400 million in overhauls in 2017

In 2017 ArcelorMittal Kriviy Rih will invest some $400 million into the capital repairs of its premises and machinery. “Around 70% of projects is the modernization of techniques and the improvement of the environment”, the company CEO Paramjit Kahlon said. In particular, capital investments will total $250 million. Last year AMKR invested 6.3 billion UAH…

Ukraine: PGOK profits up in 2016

In 2016 Poltava Mining and Processing Works received 3.2 billion UAH of profits, up by 19% YoY. According to the company statement, this has been achieved due to the increase in output of premium-quality pellets despite the volatility of iron ore raw materials prices on world markets. Last year PGOK paid 165.1 million of income…

Ukraine: Metinvest enterprises in uncontrolled areas cancel all letters of attorney

The enterprises of Metinvest mining and metallurgical group in the territories of Donetsk and Luhansk regions, temporarily uncontrolled by Ukrainian authorities, have announced the cancellation of all the letters of attorney they issued earlier. According to the announcement, the letters of attorney were canceled by PJSC Yenakievo Iron and Steel Works, PJSC Khartsyzsk Pipe Works,…

Russia: copper concentrate output flat in January-February 2017

In January-February Russian output of copper concentrates remained flat YoY.

According to the Federal Service of State Statistics, in February copper concentrate production dropped by 7.3% YoY and by 5.6% MoM. (Ukrainian metal)

Russia: metal output in January-February 2017

According to the Federal Service of State Statistics, in January-February Russia produced 8.8 million tons of steel and semi-finished products of unalloyed steel. Pig iron output reached 8.5 million tons. Russia also produced 8.8 million tons of rolled metal, up by 1% YoY. Steel pipes, sections and fittings production increased by 13.8%, to 0.951 million…

Ukraine: AMKR head notes authorities’ growing attention to steel mills’ problems

CEO of ArcelorMittal Kriviy Rih Paramjit Kahlon has noted the growing attention of the country’s top authorities to the problems of the mining and metallurgical complex of Ukraine, improvement in the work of Ukrzaliznytsia, but opposed the initiative to increase railway tariffs for freight transportation by 25%. “Today we have a very positive attitude. The…

Russia: titanium-makers to gather in Yekaterinburg

Next week Yekaterinburg will host the Ti-2017 in CIS conference, organized by the Titanium association.

The participants will discuss the current world and Russian market situation, the raw materials and mineral base, possible types of machinery to produce titanium and its semi-finished products, as well as 3D-printing of titanium wares. (Ukrainian metal)