The consolidated steel output of Evraz in January-March dropped by 5.5% QoQ, to 3.3 million tons, mostly because of the decrease in pig iron production. Coking coal manufacture increased by 6.7%, to 6 million tons, thanks to the completion of works at the Alardinskaya and Uskovskaya mines’ long faces. Steel sales fell by 5.7%, including…
Kubal, a Swedish plant of Russian aluminum company UC RUSAL, is in negotiations with trading floor for electric power Nord Pool to recover its access to purchases, Bloomberg reported on April 26, citing the bourse. Access to power purchases on the bourse was suspended on April 18 due to a breach of clearing rules, Nord…
In short-term prices of metal products will remain stable, but in the mid-term they are expected to decrease. “Taking into account China’s policy, in the nearest 12 months the prices will retain their current levels”, Zaporizhstal CEO Rostislav Shurma said. “At present we are not on the worst stage of the cycle. In short-term some…
In 2017 Zaporizhstal decreased prime cost of raw steel manufacture by $22 per ton. “We have a complex program on prime cost decrease. Last year we took some 400 measures to decrease it, which combined provided around $22 per ton”, the company CEO Rostislav Shurma said. Zaporizhstal has faced the increase of railroad, electricity and…
In January-March PMH-Ugol mined 798 thousand tons of coking coal, up by 22% YoY. According to the holding statement, the increase has to do with the mines named after Tikhov and the second stage of Butovskaya mine, commissioned in May 2017, gradually reaching full capacity. Coal concentrate output at Berezovskaya factory grew by 4%, to…
This year Zaporizhstal intends to produce over 4 million tons of pig iron and steel. “Pig iron manufacture will see the growth of some 15% and steel – around 3.5%”, the company CEO Rostislav Shurma said. Rolled metal output is expected to increase by 5%, to 3.7-3.8 million tons. Pig iron output has considerably increased…
The prices of gold, silver and platinum decreased, while the prices of palladium increased in Azerbaijan on April 26, according to the data published by the Central Bank. The cost of gold decreased by 6.528 manats, to 2250.1625 manats per troy ounce compared to the price on April 25. The cost of silver decreased by…
Swiss commodity trader Glencore, the biggest buyer of aluminum of Russian UC RUSAL, plans to resume purchases after the U.S. softens its anti-Russian sanctions, news agency Bloomberg reported citing sources familiar with the situation. Glencore has decided that it may continue buying RUSAL’s aluminum until October, according to the sources. Glencore declined to comment. RUSAL…
