According to the analytical center of the Ukrainian Mining and Metallurgical Company, in January-March Ukraine received 1 million tons of rolled metal (1.1 million tons with pipes), up by 10.2% YoY. Imports increased by 5.4%, to 0.16 million tons. The share of imports decreased to 16.7% from 17.5% in Q1 2016. The delivery of angles…
Russian gold-mining company Polyus has signed an agreement to sell 10% (12.56 million) shares to the Consortium of investors chaired by Fosun International Ltd. The price of the purchase is $70.6 per share. Within the agreement the company has also provided the Consortium with an option to buy additional 5% of shares at $77.66 per…
Severstal has been selected the supplier of rolled metal till August to Renault-Nissan. The Cherepovets Iron and Steel Works sheet will be used in production of cars. “In 2016 CherMK put into operation a cold-rolling mill, which would improve the quality of the cold-rolled metal and would produce wider sheet”, Severstal Management sales director Evgeniy…
In May Ukraine produced 1.689 million tons of steel, up by 7.5% YoY. According to Ukrmetallurgprom, pig iron output increased by 10.2%, to 1.591 million tons, that of rolled metal – by 6.3%, to 1.424 million tons. Average daily steel manufacture in May was 54.5 thousand tons, up from 52.4 thousand tons in April. Average…
In May Zaporizhstal produced 325.2 thousand tons of steel, down by 11.2% YoY. According to the company statement, pig iron output dropped by 17.1%, to 285.5 thousand tons, that of rolled metal – by 12.3%, to 272 thousand tons. The decrease of output is the result of the shut down of the blast furnace No.…
At an Annual General Meeting held on May 31 in St. Petersburg, members of the Russian Steel Association elected the Chairman of the Board of Directors of NLMK Group Vladimir Lisin their new President. Lisin will preside over the Association for the next two years. Anatoly Sedikh, Chairman of the Management Board of OMK, was…
Metinvest-Resource, a scrap supplier of Metinvest companies, Interpipe Nizhnedneprovsk Pipe Works and ArcelorMittal Kriviy Rih have won tenders, organized by Ukrzaliznytsia to sell 84.5 thousand tons of scrap. AMKR won 38 thousand tons of scrap, having offered 193 million UAH (5080 UAH per ton). Metinvest-Resource bought 24 thousands tons of scrap for 114.72 million UAH…
Alexander Yaroslavsky’s DCH Group has taken over the management of Evraz Sukhaya Balka and appointed Vitaly Bash its new CEO. “We will do our best to make Sukhaya Balka develop. There will be no sharp actions, but we still intend to implement some novelties that we have devised at DCH”, Yaroslavsky said. The next several…
