Russia: MMK railroad sales up in October 2018

In October MMK shipped 949.5 thousand tons of metal via railroad abroad and to local customers, up by 7.4% YoY.

In 10 months sales grew by 0.7% YoY, to 9 million tons.

Russian customers received 5.8 million tons, up by 5.2%, and exports totaled 3.21 million tons, down by 6.4%. (Ukrainian metal)

Russia: Bryansk region to produce tungsten and molybdenum oxides

Unecha Works of Refractory Metals will open a manufacture of tungsten and molybdenum oxides in the Bryansk region.

At present molybdenum oxide is not produced in Russia.

Under the project the Unecha Works will be provided with a loan of 500 million rubles.

The manufacture will help decrease imports to 26%. (Ukrainian metal)

Ukraine: scrap price to grow in December 2018

The state enterprise Ukrpromvneshexpertisa forecasts that in mid-December the average price of ferrous scrap on the domestic market will grow by 4.11% MoM, to 7756 UAH per ton. In November prices increased by 7.97% MoM, to 7450 UAH per ton. Last month metal companies continued increasing purchase prices in order to revitalize deliveries. The main…

Ukraine: iron ore exports up in October 2018

In October Ukraine exported $33.929 million worth of iron ore, up by 15.7% YoY, while imports totaled $5.522 million. According to the State Fiscal Service, China was the largest importer of iron ore. In January-October Ukraine increased exports of iron ore by 7.9% YoY, to $2352.3 million, while imports dropped by 95.6%, to $0.954 million.…

Russia: nickel export revenue up in January-September 2018

In January-September the export of Russian raw nickel totaled 101.8 thousand tons valued at $1366 million.

The export volumes fell by 1.5%, while revenue grew by 36.1% YoY.

In September the average price was $11646 per ton FOB, up by 4.8% YoY. (Ukrainian metal)

Russia: MMK recognized for import-substitution product

Magnitogorsk Iron and Steel Works (MMK) became a national prizewinner of “Prioritet 2018”, a national award in the area of import substitution in the Metallurgy category. The jury highly praised a unique polymer rolled steel SteelArt produced at MMK-Lysva Metallurgical Plant (part of MMK Group). SteelArt is a polymer rolled product with a decorative coating…