In industry prices in July increased by 1.8% after a fall of 0.6% in June and 1.3% in May. According to the State Statistics Service, prices increased by 23.3% YoY in July, and by 8% YoY in 7 months. Metallic ore mining prices dropped by 1.3%, in metal manufacture – by 2.1%, at the same…
The imposition of EU duties on hot-rolled metal will not affect Magnitogorsk Iron and Steel Works. “At present a minimum price of 473 euro per ton is being discussed. If the price is higher, the duty will not be imposed. This price is ok for us. We’re trading at much higher prices, so the duty…
In July the scrap redemption centers increased prices to the highest level in the last 3 years on the background of the world metal prices growth. The most popular metal – 4 mm thick sheet – in just a month increased in price by 26%, to 170 euro per ton, while sheet with the thickness…
VSMPO-Avisma is carrying out repairs of the etching rooms in press, pipe and bar-rolling shops. The cost of the project is estimated at 40 million rubles. Additional equipment is assembled in the shop No. 3 with 2 etching rooms. The rooms will have a system to measure harmful gases in the air. When the tolerance…
Metalloinvest has partially paid back the tranche B of the pre-export loan PXF-2017 in advance. According to the company statement, the amount of pay back is $100 million. In 2017 the company signed an agreement with a pool of banks on a $1.05-billion loan with the possibility to increase the limit by $450. PXF-2017 consists…
According to the energy expert Andrey Gerus, in June and July miners were not paid salary. “And that’s in the country where in the tariffs the coal price is the highest in the world – Rotterdam+”, he said. He has asked the Ministry of energy and coal industry and trade unions if they are not…
In January-July Mariupol Ilyich Iron and Steel Works produced 1.568 million tons of rolled metal, up by 5.7% YoY. Steel output increased by 4.3%, to 1.76 million tons, pig iron – by 2.4%, to 2.262 million tons. In July the company produced 242 thousand tons of rolled metal, 272 thousand tons of steel and 400…
In January-June KAZ Minerals produced 118 thousand tons of copper, up by 110% YoY. Bozshakol and Aktogay yielded the most to the result. According to forecasts, copper output at Bozshakol in 2017 will double to 95-110 thousand tons, at Aktogay it is expected to increase to 65-85 thousand tons. (Ukrainian metal)
