Russia: SinTZ supplies Surgutneftegaz with casing pipes

Sinarsky Pipe Works (a part of TMK) has produced a batch of casing 146.1 mm diameter pipes with the total weight of 788.7 tons and shipped them to Sugrutneftegaz.

The pipes will be used in gas, gas-condensate and oil fields of the North at minus 600 degrees C. (Ukrainian metal)

Russia: MMK section sales up in Schelkovo

In January-August Magnitogorsk Iron and Steel Works trading house in Schelkovo increased its sections sales share in the Central region from 7% to 12%, while the market itself dropped by 2% since the beginning of the year.

But the trading house sales went up by 76% YoY, to 42 thousand tons. (Ukrainian metal)

Ukraine: Metinvest not expecting steel prices to grow considerably

Metinvest doesn’t see steel prices growing considerably in 2017. “We believe everything will be on this year’s level”, Yuri Ryzhenkov, Metinest CEO, reported. According to him, results of the antidumping investigations by EU will be important for Ukrainian producers. “From the point of view of Ukrainian manufacturers, everything depends on antidumping investigations. If they end…

Metals of Ukraine & Russia: bars (structural steel), August 2016

Month

Russian market, $/t, EXW, without VAT, $1/RUR64.91*

min

max

July

493

493

August

493

493

* – Ukrainian Hrivna and Russian Ruble exchange rates are as of 31.08.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)

Russia: NLMK Group and KAMAZ expand cooperation

NLMK Group, an international steel producer with operations in Russia, Europe and the USA, and KAMAZ, Russia’s leading heavy-duty truck manufacturer, have held their first Coordinating Council. At a meeting held in Naberezhnye Chelny, the two companies discussed steel deliveries, as well as the possibility of manufacturing new machinery for NLMK, including with the use…

Russia: ChMK sinter factory overhaul finished

The Chelyabinsk Iron and Steel Works (a part of Mechel) has completed the overhaul of equipment at its sintering factory that produces raw materials for pig iron manufacture.

Some spare parts of the gas treatment equipment have also been replaced.

Some 80% of the sintering factory equipment was subject to repairs. (Ukrainian metal)

Metals of Ukraine & Russia: square billets (structural steel), August 2016

Month

Ukrainian market, $/t, without VAT, EXW, $1/UAH25.489*

min

max

July

245

397

August

256

390

* – Ukrainian Hrivna and Russian Ruble exchange rates are as of 31.08.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)