Russia: Norilsk operations receive Volvo trucks

Twelve Volvo trucks will come to Norilsk Industrial Transport (NPT) Enterprise, Norilsk Nickel subsidiary, in the nearest future. New dump trucks will replace outdated equipment and improve ore transportation efficiency. MAZ-5516А5-373 outdated dump trucks operated by NPT are used to deliver ore from stockpiles to Norilsk Concentrator of Polar Division. Ore transportation is twenty-four-hours-a-day process…

Metals of Ukraine & Russia: round billets (ordinary steel), June 2016

Month

Ukrainian market, $/t, without VAT, EXW, $1/UAH24.854*

min

max

May

427

438

June

355

440

* – Ukrainian Hrivna and Russian Rouble exchange rates are as of 30.06.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)

Russia: Mechel reports Q2 2016 operational results

Mechel PAO, one of the leading Russian mining and metals companies, announced Q2 2016 operational results. Mechel CEO Oleg Korzhov commented on the operational results: “In this accounting period, the coal industry demonstrated stable demand on both global and domestic markets, with a growth registered in both quarter benchmarks and spot prices. In Q2 China…

Ukraine: new scrap procuring association created

Companies dealing with ferrous and non-ferrous scrap, as well as other secondary materials have created the Ukrainian association of secondary metals and resources (UAVtormetresurs). According to Euro-Metal Invest deputy CEO Valeri Katunin, the company was registered on July 18. It will be a non-profitable organization. It will deal with protecting interests of its members; cooperate…

Metals of Ukraine & Russia: channel (structural steel), June 2016

Month

Russian market, $/t, EXW, without VAT, $1/RUR64.2575*

min

max

May

526

613

June

526

613

* – Ukrainian Hrivna and Russian Rouble exchange rates are as of 30.06.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)

Ukraine: Ferrexpo profits down in H1 2016

In January-June Ferrexpo decreased its net profits by 33% YoY, to $77.77 million. According to the company statement, its revenues were down by 10.5% YoY, to $457.92 million, mostly due to the pellets price fall by 14%. Net profit dropped by 3.7%, to $265.77 million, with EBITDA down by 9%, to $160 million. Sales increased…

Russia: Acron Group launches rare earth production

As part of its long-term investment program, Acron Group implements a project of complex apatite-nepheline rock processing at Veliky Novgorod production site to produce rare earth elements (REE) cerium, lanthanum, neodymium, concentrates of light, medium and heavy rare earth elements from apatite concentrate process flows. The annual capacity of REE operations is 200 tons of…

Metals of Ukraine & Russia: scrap (grade 3a), June 2016

Month

Russian market, $/t, FCA, without VAT, $1/RUR64.2575*

min

max

May

62

199

June

62

195

* – Ukrainian Hrivna and Russian Rouble exchange rates are as of 30.06.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)

Russia: Federal Security Service and Ministry of Internal Affairs praise Nornickel for professionalism during exercises

Norilsk Nickel Corporate Security Unit at Polar Division – the Polar Transport Branch – has taken part in Vikhr MED-2016 specialist tactical exercises targeted at suppression of a terrorist attack on a maritime economic entity. According to the script of the exercise, which involved over 300 persons, unidentified perpetrators captured a vessel offshore Dudinka Seaport.…

Ukraine: SevGOK reconstructs drilling machines at Pervomaysky quarry

Severniy Mining and Processing Works has completed the program of drilling machines reconstruction at its Pervomaysky quarry. Investments into machinery overhaul totaled some 10 million UAH. According to SevGOK general director Pavel Timoshenko, the repair lasted for almost six months. 2 drilling machines have been completely repaired. “Now the maintenance and repair expenses will be…

Metals of Ukraine & Russia: round billets (structural steel), June 2016

Month

Ukrainian market, $/t, without VAT, EXW, $1/UAH24.854*

min

max

May

427

427

June

355

355

* – Ukrainian Hrivna and Russian Rouble exchange rates are as of 30.06.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)

Ukraine: AMKR appoints new marketing director

Anastasia Tatarulieva has been appointed the ArcelorMittal Kriviy Rih deputy general director on marketing and sales. According to the company statement, she was appointed on July 20. “Tatarulieva is responsible for fulfilling business-plans on selling AMKR products on export and local markets, as well as finding new sales markets”, the statement reads. Earlier Tatarulieva worked…

Metals of Ukraine & Russia: bars (structural steel), June 2016

Month

Russian market, $/t, EXW, without VAT, $1/RUR64.2575*

min

max

May

498

498

June

498

498

* – Ukrainian Hrivna and Russian Rouble exchange rates are as of 30.06.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)

World market: ArcelorMittal celebrating 10 years of industry leadership

On August 1, 2006 Arcelor and Mittal Steel merged to create ArcelorMittal, the world’s leading steel company. The past decade has not always been easy, but the tenth anniversary is an opportunity to celebrate ten years of industry leadership. With a focus on sustainability, quality and leadership as the main values, there is much to…