Yakutia needs 4.5 billion rubles to start mining tin in the Arctic. The mining should start in 2018. The region houses 37% of all prospected tin reserves in the country (630 thousands tons), with Russia mining just 10% (around 500 tons per year), and importing 90%. The main tin suppliers are China, Bolivia and Portugal.…
Severstal Distribution has opened a new metal warehouse north of Moscow in the town of Lobna. The first shipments from the warehouse occurred in December 2016. “We have opened the second warehouse in the Moscow region, as our sales there are growing”, the company said. The new site comprises of the closed premises (800 square…
In 2016 exporters of steel pipes, in particular Russia, Austria and Poland, used 87% of their quota. Russia used 100% of its quota having supplied 14 thousand tons of pipes to Ukraine. Austria supplied 2.7 thousand tons of pipes, or 95% of the quota, while Poland used only 34% of the quota and delivered 442…
ArcelorMittal Kriviy Rih gradually replaces natural gas with bio-fuel when producing lime, a raw material used in making pig iron and steel. The refractory-lime shop has always been one of the largest gas consumers at the works. In addition to gas burners at rotating furnaces No. 4 and 5 the company has assembled bio-fuel burners…
Chelyabinsk Pipe Plant (ChelPipe) has announced early payment of the syndicated loans totaling 80 billion rubles obtained in 2012. The loans were refinanced with funds obtained under credit arrangements signed with VTB Bank, Gazprombank and Sberbank in December 2016. The new loans have been acquired on more favorable terms, which helped the company cut its…
In 2016, Zaporizhstal paid a record UAH 3.2 billion in taxes (up by 28% YoY) to the national budget of Ukraine. In 2015, the company paid UAH 2.5 billion in taxes. Tax payments of Zaporizhstal to local budgets increased by 66% (by UAH 255 million), to UAH 640 million in 2016 against UAH 385 million…
In 2016 Ukrainian iron and steel works produced 23.5 million tons of pig iron, 24.2 million tons of steel and 21.4 million tons of rolled metal, all up by 8%, 6% and 6% YoY respectively. Exports increased by 0.2% YoY, to 21.4 million tons, valued at $7.2 billion, down by 10.3% YoY. Semi-finished products, rolled…
In 2016 Evraz Sukhaya Balka produced 2.563 million tons of sinter ore, down by 8.7% YoY. According to the company statement, in Q4 2016 sinter ore output decreased by 3.3% QoQ, to 618 thousand tons. The company was selling sinter ore in Q4 2016 at $28 per ton, up from $25 per ton in Q3…