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…
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)
Month Russian market, $/t, EXW, without VAT, $1/RUR64.91* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.489* min max min max July 129 143 146 161 August 131 150 146 161 * – 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…
In 2016 steel consumption in Ukraine is expected to increase by 30% YoY, to 4.4 million tons. In 2015 steel consumption dropped by 21.6% YoY, to 3.3 million tons. In 2017 analysts expect steel consumption to grow by 6% YoY, to 4.6 million tons. Steel consumption in Russia in 2016 will drop by 3.6% YoY,…
The casting shop of Sayanogorsk Aluminum Works (a part of Rusal) has finished modernizing the automated management system of the homogenization line No. 1. The upgraded system makes the line operation more efficient and reliable. “The homogenization line improves the structure of extrusion billets with the help of thermal treatment”, said the SAZ executive director…
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)
Metinvest Group approves of the steps taken by the government to support the industry, but at the same time calls for strategic decision making in settling transparent and understandable rules on the market, including scrap market. According to the group CEO Yuri Ryzhenkov, the decrees on cancellation of 5% import duty on scrap and the…
In January-August Mezhdurechensky Mining and Processing Works and Valki-Ilmenit, both a part of Group DF, produced 132.1 thousand tons of 42% ilmenite concentrate. In particular, MGOK produced 99.4 thousand tons, while Valki-Ilmenit yielded 32.7 thousand tons. “The output volumes of both companies correspond to our target figures. We intend to increase output in response to…