In September Ukraine imported $0.87 million worth of ferrous scrap, with no exports. According to the State Fiscal Service, the main supplier of ferrous scrap in September was Turkey ($0.84 million). In January-September Ukraine exported $40.99 million worth of scrap, while imports totaled $5.77 million. (Ukrainian metal)
Energomashspetsstal will produce a batch of ring blanks for ThyssenKrupp AG subsidiary – Rothe Erde. According to the company statement, the total weight of the blanks will be 74.7 tons. The parts will be used as raw materials for further processing. Ring blanks will be mechanically treated and sent to Dortmund in January 2017. (Ukrainian…
UMG, a part of System Capital Management, has appointed Dmitry Anufriev the executive director. “A new position has been created on October 21, that of the executive director. It will be occupied by Dmitry Anufriev, who has previously been heading the strategy department. In his new position he will be responsible for transforming UMG into…
Energomashspetsstal will produce 5 supporting rolls with the total weight of 158.7 tons for iron and steel works of ArcelorMittal in Belgium. According to the company statement, the rolls will be used in cold- and hot-rolling mills of AM Liege and AM Gent. EMSS will have to supply the rolls in Q1 2017. (Ukrainian metal)
Russia’s second lender VTB’s position that the debt of metals producer Mechel should be unified is not really rational, a member of the company’s board of directors Alexander Shokhin reported. Mechel earlier agreed to restructure $5.1 billion out of its $6.2 billion debt, including about $1 billion of debts to VTB. In September, First Deputy…
Norilsk Nickel and Societe Generale signed an agreement on strategic cooperation. General Memorandum was signed by Nornickel President Vladimir Potanin and Societe Generale CEO Frederic Oudea. The memorandum provides for an important expansion of the partnership between Nornickel and Societe Generale. It includes the whole range of commercial and investment banking services, including capital markets,…
In January-September Russia increased primary aluminum output by 1.5% YoY, with its alloys – by 11.3%. According to the Federal Service of State Statistics, aluminum rods and sections output went up by 2.5%, of plates, sheets, strips and bars – by 12.3%, but aluminum foil production dropped by 11.5%, all YoY. (Ukrainian metal)
Evraz intends to increase coking coal output this year by 8.3% YoY, to 22.1 million tons. Concentrate output is expected to grow from 13.6 million tons in 2015 to 14.2 million tons. And with strong demand Evraz plans to increase output even to 16-16.5 million tons. The group has already increased coal production in January-September…
