UC RUSAL expects global aluminum deficit to rise to 1.7-1.8 million tons in 2018 from 1.3 million tons in 2017, Director for Strategy, Business Development and Financial Markets Oleg Mukhamedshin reported on July 12. The situation at the aluminum market is improving thanks to China’s policy on cutting emission and closing inefficient capacities. RUSAL also…
In January-June Magnitogorsk Iron and Steel Works increased its net profits by 35.8% YoY, to 32.287 billion rubles ($538 million). According to the company statement, its earnings totaled 185.308 billion rubles ($3.088 billion), up by 17.5% YoY. Gross profit increased by 7.5%, to 48.863 billion rubles ($814 million), EBITDA – by 23.8%, to 40.016 billion…
The Russian customs service has acknowledged exports of anthracite from the militants’ occupied mines on Donbass. According to the statistics of the Southern customs department of the Federal Customs Service of Russia, in May Rostov region received 58.652 thousand tons of anthracite valued at $3.14 million from Ukraine, and in January-May – 236.568 thousand tons…
The U.S. has extended the agreement on price obligations with regard to Ukrainian pipe products, which provides for the abolition of the antidumping duty for Ukrainian producers involved in pipe exports, according to Ukraine’s Trade Envoy Nataliya Mykolska. “The U.S. Department of Commerce decided to extend the agreement on price obligations for pipe products. Thus,…
In June Dneprospetsstal produced 21849 tons of steel, down by 2.2% MoM. Rolled metal output dropped by 3.4% MoM, to 13844 tons. The total cost of the products manufactured in June is 643232 thousand UAH, down by 5.8% MoM. In January-June the company produced 127744 tons of steel and 84632 tons of rolled metal valued…
In January-June Khabarovsk region enterprises obtained 9170.4 kg of gold, up by 14.1% YoY. Alluvial gold companies showed the increase in output of 8.6% YoY, to 1517 kg, while miners yielded 7653.4 kg, up by 15.3%. Silver output totaled 27509.5 kg against 19260.4 kg in H1 2016. (Ukrainian metal)
In H2 Russian Copper Company intends to start construction at the Tominskoye deposits of copper-porphyry ores in Chelyabinsk region. According to the group vice president Maxim Schibrik, this is the key investment, which will considerably improve quality ad boost output. Investments in 4 years will total 65.9 billion rubles. The project will be carried out…
In Q2 Severstal pig iron output decreased by 4% QoQ, to 2.24 million tons, mostly because of the blast furnaces No. 2, 4 and 5 repairs. Steel output decreased by 1%, to 2.83 million tons. Consolidated sales of steel increased by 9% QoQ, to 2.75 million tons. Local sales went up to 60% from 58%…