Russia: rolled metal demand down

In 2017 rolled steel sheet was the most sought after type of rolled metal.

At present Russian market is witnessing a slight seasonal decrease in demand, which allows buying materials cheaper. Customers also leave their orders online more often, which simplifies the purchasing process.

Steel sheet is used in machine-building, construction, agriculture, etc. (Ukrainian metal)

Latvia: KVV Liepājas metalurgs’ potential investor given two weeks to consider purchase

The potential investor of the insolvent KVV Liepājas metalurgs is given two weeks to consider purchasing the company, says Latvian Economy Minister Arvils Ašeradens. He admits that talks with the potential investor are not over; the investor wants to secure the most beneficial conditions in business negotiations. Latvian government is also highly interested in getting…

Ukraine: S&P changes Ferrexpo rating to Positive

Standard&Poor’s has changed the rating forecast for Ferrexpo plc, owner of Poltava and Yeristovo GOKs, from Stable to Positive. On December 29, 2017 S&P improved the group rating following the “high productivity” shown lately. The agency has also confirmed Ferrexpo’s long-term rating at B-. The rating improvement is the result of the stable iron ore…

Ukraine: metal makers retain annual output volumes

In December 2017 Ukraine produced 1.87 million tons of pig iron, 1.88 million tons of steel and 1.7 million tons of rolled metal, all up by 3%, 0.4% and 7% MoM respectively. “Output increase in December 2017 was mostly thanks to Mariupol Iron and Steel Works and Zaporizhstal”, Ukrmetallurgprom reported. In January-December 2017 Ukraine produced…

Russia: Mechel reports on the change in management

Mechel informs that the group CFO Sergey Rezontov is leaving the company.

According to the statement, Rezontov resigned due to his personal reasons.

“We are grateful to Sergey Rezontov for his work”, Mechel CEO Oleg Korzhov said. (Ukrainian metal)

Ukraine: coal imports exceed 4 million tons

In January-November 2017 Ukraine imported 4.11 million tons of power-generating coal for thermal and combined heat and power plants. According to the Ministry of energy and coal industry, in 11 months Russia supplied 3.083 million tons of coal (75% of all the imports), South Africa – 653.2 thousand tons (15.9%), USA – 254.8 thousand tons…

Ukraine: Zaporozhye Aluminum Foil Works to be sold

The Zaporozhye subsidiary of the State Property Fund has announced the electronic auction of Aluminum Foil Works at the Ukrainian Universal Exchange.

The starting price of the state enterprise is 583.9 million UAH.

The auction is scheduled for January 19. The participation requests are accepted through January 15. (Ukrainian metal)

Kazakhstan: coal price up in 2017

As of late November 2017, the coal increased in price by 27.6% (or by 2.6 thousand tenge), to 12 thousand tenge per ton, following the drop of 0.5% (52 tenge) in 2016, to 9.5 thousand tenge. In January-November 2017 coal mining reached 95.9 million tons, up by 5.2% YoY (or by 4.8 million tons). The…

Kazakhstan: Kazakhmys sums up 2017 results

In 2017 Kazakhmys Group of Companies fulfilled its manufacturing plan in advance. In particular the group produced and sold 232943 tons of cathode copper. Copper concentrate output totaled 238.300 tons. The average copper contents in the ore were 0.93%. Despite the shortage of the rolling stock Kazakhstan railroads transported 12 million tons of cargo, including…

Russia: Mechel creditors agree on restructure

Around 85% of Mechel creditors on the syndicate loan of $1 billion support the restructure conditions. In November 2017 Mechel reported that over half of the creditors supported them. The company continued negotiating. For the deal to be successful the company needed the approval of at least 75% of creditors. At present some 78% of…

Ukraine: Antimonopoly Committee to review Tigipko’s metal wares purchase

The Antimonopoly Committee of Ukraine has started reviewing the case on the metal wares market concentration. “In December 2017 the committee began studying the case of Devisal Limited (Cyprus) acquisition of Dneprometiz shares. The ultimate beneficiary of Devisal Limited is the Ukrainian businessman Sergey Tigipko. In October 2017, 100% of Dealzone Holding Ltd, owning 98.6%…

Ukraine: Interpipe to supply 905 million UAH worth of pipes to Ukrgazvydobuvannya

Ukrgazvydobuvannya has ordered Interpipe Ukraine LLC the delivery of pipes valued at 905.99 million UAH.

Within three months the company will have supplied 18710 tons of casing pipes produced by Interpipe NTZ in 2017-2018.

The price is 2% below the expected cost of the purchase (921.72 million UAH). (Ukrainian metal)

Ukraine: Russian rebars and wire rod hit by antidumping duties

The Interdepartmental Commission on International Trade has imposed a 5-year antidumping duty of 15.21% on wire rod and rebars from Russia.

The decision will come into effect around February 28, 2018.

Ukraine started the antidumping investigation on imports of Russian rebars and wire rod in February at the request of AreclorMittal Kriviy Rih. (Ukrainian metal)

Russia: RUSAL reveals top 10 events of 2017

RUSAL has presented a list of the company’s most important events and achievements in 2017. The achievements form part of the company’s key deliverables and demonstrate its strategy in action, which is to enhance RUSAL’s operational efficiency and environmental performance, increase its share of value added products, and develop social infrastructure in the communities where…