Russia: MMK hits another record

In 2016 Magnitogorsk Iron and Steel Works 2000 hot-rolled mill produced 5948 thousand tons of hot-rolled metal, which is an annual record in the whole history of the mill operation. Records have been marked for the third year in a row. In 2014 the mill produced 5930 thousand tons, in 2015 – 5935 thousand tons.…

Russia: Severstal selling Redaelli Tecna

Severstal has announced that its subsidiary, Severstal-Metiz, Severstal’s international metal ware manufacturer, has entered into a definitive agreement with Teufelberger Wirerope, a leading international metal wire ropes producer based in Austria, for the sale of Severstal’s subsidiary company Redaelli Tecna (Redaelli Tecna, part of Severstal-Metiz). Redaelli Tecna is based in Italy and is a global…

Russia: Rusal to sell 2 Sverdlov companies

Rusal is pondering the options of selling 2 of its Sverdlov region companies. In particular, these are Kremniy-Ural in Kamensk-Uralsky and Polevsky Cryolite Works, that was stopped in 2013. According to Rusal, it has improved techniques at its silicon works the products of which are used in aluminum alloys manufacture, in order not to buy…

Ukraine: state mines’ coal price up

The Ministry of energy and coal industry has increased the sale price of power-generating coal mined by state-run companies by 24.1%, or by 330 UAH, to 1700 UAH per ton. The price increase was announced on December 22, 2016. Last time the ministry increased coal price was on August 1, 2016 – from 1200 to…

Russia: NLMK Group 2016 results

In 2016, NLMK Group steel output increased by 4% YoY to a record 16.6 million tons; sales totaled 15.9 million tons (stable YoY). Group steelmaking capacities in 2016 were running at 96%, up by 3% YoY. Q4 2016 sales totaled 3.6 million tons (down by 4% YoY); steel output grew by 8% to 4.2 million…

Ukraine: scrap deliveries from Chernobyl zone suppressed

Law enforcers together with the military have suppressed the delivery of 80 kg of scrap from the exclusion zone of the Kiev region.

In mid-January 3 Ukrainians were stopped some 100 meters from the exclusion zone while transporting around 80 kg of scrap.

The investigation revealed that they were stocking scrap to sell. (Ukrainian metal)