Russia: Severstal Moody’s rating up

Moody’s has improved the long-term rating of Severstal from Ba1 to Baa3, and the outlook from stable to positive following the revision of the Russia rating. “We welcome the decision of Moody’s to review the Russia’s rating and improve that of Severstal. That the economic situation in the country is improving is seen by the…

Belarus: Rechitsa Metal Wares Works to increase fasteners output

In late 2017 Rechitsa Metal Wares Works put in operation a new site of the fasteners shop.

The following Taiwan mills have been assembled there: JBF-10В-3S and JTR-6H; JBF-13В-3SL and JTR-8H; JBF-13В-4S and JTR-8H; JBF-17В-4S and JTR-10H.

The commissioning of the new site will increase fasteners output. (Ukrainian metal)

Russia: SUMZ assets being demolished

The Sredneuralsky Copper-Smelting Works has started demolishing the main premises of the double superphosphate shop. The shop was put out of operation in February 2009. The size of the premises is 17 thousand square meters, it consists of 5 buildings, being demolished one after another. The demolition of the main premises started in summer of…

Russia: Marcegaglia Russia output up in 2017

Marcegaglia Russia strengthened its positions on the market of welded stainless steel pipes, having considerably increased output and sales in 2017.

According to the company statement, last year output grew by 42.5% YoY, to 13606 tons.

The company revenue showed a stable increase of 30.8%, to 34 million euros. (Ukrainian metal)

Russia: ChMK certifies two types of heat-strengthened rails for EU market

Chelyabinsk Iron and Steel Works has confirmed correspondence of 60E1 and 60E2 heat-strengthened rails manufacture to TSI requirements. The certificates obtained allow the company exporting products to the EU. ChMK started manufacturing these types of rails of R350HT steel grade specifically for the European market. The audit has been carried out by TUV Nord. (Ukrainian…

CIS: pellets exports in 2017

In 2017 Ferrexpo exported 10.406 million tons of iron ore pellets. In particular, Poltava Mining and Processing Works exported 7.821 million tons and Yeristovo GOK – 2.585 million tons. Karelsky Okatysh exported 5.599 million tons of pellets, Metalloinvest – 5257.7 thousand tons, including 3.115 million tons from Mikhaylovsky GOK and 2.142 million tons from Lebedinsky…