Ukraine: DZM appoints acting CEO

Dniepropetrovsk Metal Structures Works named after Babushkin has dismissed Rustem Asilgareev from the office of the general manager and appointed Helen Tarasenko acting CEO instead. Asilgareev has been in the office for 15 months. Tarasenko has been appointed for an indefinite term. Previously she worked as the financial director of the company. Neither owns company…

Ukraine: square billet prices to go up

The state enterprise Ukrpromvneshexpertisa (UPE) believes square billet prices (FOB Black Sea) in September will increase by $15-20 per ton MoM, to $335-340 per ton. The company analysts expect the increase in demand on European markets in September, as well as in Turkey and Near East due to the start of the autumn construction period.…

Ukraine: ore prices to fall

The state enterprise Ukrpromvneshexpertisa (UPE) believes iron ore raw materials prices in October (Australian Fe 62% ore CFR China) will drop below $50 per ton on the world market. “We’re not yet sure how long it will last – a week, 2 or 3, but the prices will be below $50”, said the company analyst…

Russia: first scandium oxide output at Rusal

Rusal started the producing 99% scandium oxide. The market price of the new product is up to $2,000 per kg. The new product output started at the Urals Aluminum Smelter (UAZ) after the installation and launch of the pilot unit for the processing of scandium concentrate into scandium oxide. Experts at Rusal Engineering and Technology…

Russia: TAGMET starts producing new pipes

Taganrog Iron and Steel Works has produced a trial batch of pipes with external upset ends for TMK Neftegazservis-Buzuluk.

The first batch of pipes with 73 mm diameter was made at the SMS Meer press.

The need to start producing such pipes was due to the increasing demand from oil industry. (Ukrainian metal)

Russia: copper reserves at over 100 million tons

Russia’s copper reserves were over 100 million tons as of 2015 year-end and they are not depleted at all, Minister of Natural Resources Sergey Donskoi said. “Russia is world’s third by copper resources and overcame the level of 100 million tons in 2015, and is sixth by production, supporting near 4-5% of global production”, Donskoi…

Russia: NLMK Group boosts energy efficiency of hydrogen production

NLMK Group has begun commercial operation of a hydrogen unit that generates hydrogen from natural gas through vapor reforming at VIZ-Steel in Yekaterinburg, where hi-tech transformer (grain-oriented) steel is produced. This project will provide a three-fold reduction in the cost of hydrogen production. The new technology, which replaces expensive electrolysis, requires 30 times less energy…