Russia: steel pipes consumption to grow

Pipes are among the most important steel products on the Russian market. According to TMK regional sales director Andrei Trofimov, in 2015 pipes accounted for 27.6% of the steel consumption on the local market, as opposed to 11.2% in the world on average. Pipe consumption increase is expected due to the revival of oil and…

Russia: MMK to increase sales in 2016

This year MMK plans to increase sales by 245 thousand tons YoY, to 11257 thousand tons. The local market will receive 7144 thousand tons, with 3136 thousand tons to be exported. Hot-rolled flats sales will drop to 3048 thousand tons due to the decrease in demand on behalf of pipe manufacturers; cold-rolled metal sales will…

Ukraine: EMSS to work for Dunaferr

In 2017 Energomashspetsstal will supply over 150 tons of rolls to ISD Dunaferr (Hungary).

The contract for the production of 6 supporting rolls for cold- and hot-rolling mills was signed in October. Rolls will be supplied in lots, according to the agreement. (Ukrainian metal)

Ukraine: Palmrose gets 9% of Evraz Yuzhkoks

Palmrose B. V. (the Netherlands) has gained 94.96% of the Evraz Yuzhkoks shares.

According to the company statement, earlier its share amounted to 94.46%.

Its voting share increased from 95.71% to 96.21%.

Evraz Bagleykoks was renamed Evraz Yuzhkoks on April 28. (Ukrainian metal)

Metals of Ukraine & Russia: scrap (grade 2a), September 2016

Month

Ukrainian market, $/t, without VAT, FCA, $1/UAH25.897*

min

max

August

153

157

September

153

157

* – Ukrainian Hrivna and Russian Ruble exchange rates are as of 30.09.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)

Russia: MMK-Metiz expands powder wire range

MMK-Metiz has expanded its range of products with the new powder surfacing wire of PP-Np-200x12m and PP-Np-200x12VF grades with 3.6 mm diameter.

The expansion of the product range will allow MMK-Metiz to increase its output and gain new markets. (Ukrainian metal)

Ukraine: Makeevugol to employ 1700 people

The Donetsk People’s Republic (Russia-supported terrorist organization) mines want to employ some 3700 people, with Makeevugol needing 1700 workers. The mines need 950 breakage face workers, 450 shafters and 450 mine explosion engineers, some 500 repairmen, etc. Makeevugol needs the most employees. Still most miners in DPR have large salary debts and try to go…

Kazakhstan: AMZ starts operating

On November 7, the Almaty Metal Wares Works (Tokyo Rope Almaty) started operating.

The company will specialize in metal systems for infrastructure objects, steel fasteners for mining industry, ragbolts and joins for construction, metal wares and steel ropes.

Tokyo Rope has invested 25 billion tenge in the works. (Ukrainian metal)

Metals of Ukraine & Russia: round billets (structural steel), September 2016

Month

Ukrainian market, $/t, without VAT, EXW, $1/UAH25.897*

min

max

August

346

346

September

340

340

* – Ukrainian Hrivna and Russian Ruble exchange rates are as of 30.09.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)

Russia: Severstal-Metiz saves 70 million rubles

In January-September Severstal-Metiz was able to save over 70 million rubles due to the successful realization of expenses decrease measures. According to the company statement, the most effective were the wire production technique changes, coating materials usage decrease and the replacement of packaging. “We pay much attention to changes that directly affect prime cost decrease…

Ukraine: Poroshenko cancels scrap import duties

The president of Ukraine Petro Poroshenko has signed the decree on 5% scrap import duty cancellation that introduces amendments to the customs tariffs. The decree is supposed to decrease ferrous scrap shortage on the local market and provide for infrastructure objects restoration. This is the second part of the metal market supporting package – the…

Metals of Ukraine & Russia: foundry pig iron, September 2016

Month

Ukrainian market, $/t, without VAT, EXW, $1/UAH25.897*

min

max

August

247

247

September

275

275

* – Ukrainian Hrivna and Russian Ruble exchange rates are as of 30.09.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)

Russia: Highland Gold Mining output down in Q3 2016

In Q3 Highland Gold Mining Ltd produced 63.09 thousand ounces of gold equivalent, down by 11% YoY. Output decrease is explained by the drop in Belaya Gora production. Mnogovershinnoye and Novoshirokinskoye mines output remained mostly flat. In January-September gold output totaled 191.75 thousand ounces, up by 0.2% YoY. This year the company intends to mine…

Ukraine: Cabinet decreases ATO coal deliveries

At present Ukraine gets some coal from mines on the occupied Donbass territories that pay taxes to the state. According to the energy and coal industry minister Igor Nasalik, Ukraine consumes 24 million tons of anthracite coals, with some 2.9 million tons produced at unoccupied territories. All the rest is supplied from mines in the…