Ukraine: scrap exports up in Q1 2017

In January-March Ukraine exported 38.671 thousand tons of ferrous scrap, up 3.3-fold YoY, valued at $11.548 million, up 4.7-fold YoY. According to the State Fiscal Service, imports increased 2-fold YoY, to 8.720 thousand tons valued at $6.474 million, up 4.2-fold. The main suppliers were Turkey (80.72%), Moldova (12.51%) and Russia (5.48%), with the main customers…

Ukraine: Metinvest transfers Zaporizhstal shares from its two resident companies to Cypriot ones

Metinvest has transferred its shares in Zaporizhstal from two resident companies, Zaporizhstal-RS LLC and Gals-Invest LLC (both based in Zaporizhia) to Cypriot companies Brandfeld Finance Ltd. and Lasartico Holdings Ltd. According to a report by Zaporizhstal in the information disclosure system of the National Commission on Securities and the Stock Market, with reference to the…

Russia: bar market to grow in 2017

Severstal forecasts that in 2017 the bar market will grow by 3-5%. At the same time at present the market is characterized by the decrease in consumption (by 25% from 2013 to 2016), as well as excessive capacities. In 2016 bar consumption was on the level of 7.912 million tons, with capacities loading at 62%.…

Tajikistan: joint EBRD/EU delegation discusses remediation of uranium legacy

The effort to address the legacy of Soviet era uranium mining in Central Asia is making substantial progress, according to the EBRD News Center. Following the establishment of the multilateral Environmental Remediation Account for Central Asia (ERA) framework agreements have now been signed with Kyrgyzstan, Tajikistan and Uzbekistan, where the fund will operate. The operations…

Belarus: powder metallurgy discussed in Minsk

The Belarusian science plays a key role in building a knowledge economy, Chairman of the State Science and Technology Committee of Belarus Alexander Shumilin said during the international symposium on various aspects of powder metallurgy, including surface engineering, new powder composite materials, and welding, on April 5. “Today the Belarusian science plays a key role…

Ukraine: Azovstal reelects Tskitishvili

The supervisory board of Azovstal Iron and Steel Works has reelected Enver Tskitishvili the company CEO.

His office has been prolonged from April 4, till April 2, 2018.

In 2016 Azovstal received 558.417 million UAH of net profits as opposed to 1.835 billion UAH of losses in 2015. (Ukrainian metal)

Russia: ChTsZ output up in 2016

In 2017 Chelyabinsk Zinc Works, a part of UMMC, plans to produce 183 thousand tons of zinc, up from 174.8 thousand tons in 2016. According to the company PR-department director Natalia Vasilyeva, in 2016 output increased by 2.2% YoY. The ChTsZ daughter company in Kazakhstan, NovaZinc, produced 36720 tons of zinc concentrate and 5680 tons…

Russia: Trubodetal passes Gazprom audit

Trubodetal, a part of OMK, has passed an inspection audit of its quality management system according to Gazprom 9001-2012 standard. The commission checked the quality management system efficiency, evaluated the operation of inner auditors as well as the results of the corrective measures following the previous check in March 2016. “We regularly improve our business-processes,…