Enterprises of DTEK private energy holding located on the territory of Donbass temporarily uncontrolled by Ukrainian authorities have been working and will work within the framework of Ukrainian legislation, DTEK Director General Maksym Timchenko said. “The company has been working and will continue to work exclusively within the framework of Ukrainian legislation,” he said. According…
In 2016 Severstal supplied 350 thousand tons of metal to Russian and foreign car-producers in Russia. “The decrease in demand on the Russian automobile market in 2016 totaled 2%. Still Severstal was able to increase its deliveries by 12% YoY. The growth was mostly achieved by substituting high quality imported steels”, Severstal Russian Steel sales…
In 2016 Russia produced 10.3 million tons of steel pipes, down by 9% YoY. According to the Fund on development of pipe industry, consumption dropped by 10%, to 9.7 million tons. The main reason is the decrease in demand for large diameter pipes. Last year it decreased by 35% YoY, to 2.14 million tons. On…
Mariupol Ilyich Iron and Steel Works evaluates its daily losses from the Donbass railroad blockade at 4 million UAH. “We have already lost 30% of coke, or 46 thousand tons, 70% of flux limestone, or 80 thousand tons, for our normal operation. The sinter factory no longer receives coal. Our company looses some 4 million…
The blocking of coal deliveries from the uncontrolled territories of Donbass could result in the necessity to import 9 million tons of anthracite and it’s getting more expensive by 30% on world markets, DTEK CEO Maxim Timchenko believes. “This is a forced necessity for Ukraine to go to foreign markets to buy anthracite. And this…
Gold production in Russia in 2017 will grow by 2-2.5%, to 304-305 tons, according to the Union of gold-miners of Russia. The union expects the average price to hit $1.27 thousand per 1 gold ounce. “Under the expected cross-rate of the ruble to the dollar at 57-65 rubles per dollar, we believe the ruble price…
Alexei Tolstikov, the manufacturing director of Chelyabinsk Iron and Steel Works, has been named Engineer of the Year and included in the registry of the best engineers of the country. Tolstikov received the silver medal of Metal-Expo-2015. His engineering inventions allowed the company to save over 100 million rubles. He was appointed to his latest…
In 2016 Azerbaijan imported 291.1 thousand tons of steel, up by $4%, valued at $176 million. According to the State Statistics Committee, ferrous metals bars imports dropped by 63.1%, to 97.73 thousand tons at $43.6 million, ferrous angles – by 39.2%, to 28.39 thousand tons at $20.4 million, and ferrous pipes – by 53.9%, to…
