Russia: Magadan region coal output up in 2018

In 2018 Magadan region mined 401.7 thousand tons of coal, up by 21.4% YoY. The increase is due to the growth of supplies to the Republic of Sakha (Yakutia). 3 enterprises are mining for coal in the region: Kolyma Coal Company LLC, Association of Business Cooperation LLC and North-Eastern Coal Company LLC. Kolyma Coal Company…

Russia: Rusal output up in 2018

In 2018 Rusal produced 3.753 million tons of aluminum, up by 1.3% YoY. At the same time, sales dropped by 7.2%, to 3.671 million tons. In Q4 2018 the output grew by 0.4% QoQ, to 0.943 million tons, while sales decreased by 16.2%, to 0.877 million tons. In 2018 the average price was $2259 per…

Ukraine: AMKR supplies rolled metal products for the national highway reconstruction

ArcelorMittal Kriviy Rih has started supplying its metal products for the reconstruction of H-31 Dnipro-Tsarychanka-Kobelyaki-Reshetylovka highway in Poltava region. This is one of the most large-scale infrastructure projects in Ukraine. Since the end of 2018, the company has already shipped about 90 tons of rebar of A500C class of 25 mm diameter and A240C class…

Russia: OEMK produces 70 million tons of metallized pellets

Oskol Electrometallurgical Works has produced the 70-millionth ton of metallized pellets. In December 2018 the pelletizing and metallizing shop, recently reorganized into the pelletizing and metallizing factory, turned 35. In 2010 the company modernized its metallizing machine No. 1. In 2013 the metallizing machine No. 3 was put into operation. In 2015 the metallizing machine…

Russia: CherMK electricity output up in 2018

In 2018 Cherepovets Iron and Steel Works increased electricity output by 2.8% YoY, to 4.565 billion kWh.

According to Severstal Russian Steel CEO Vadim Germanov, this allowed saving some 200.4 million rubles.

The share of the company’s own electricity reached 77.9% of the total consumption. (Ukrainian metal)

Ukraine: Metipol resumes operation

In May Metipol LLC will put into operation a plant to produce polymer-coated rolled metal in the city of Pervomaisk. This means that the Alchevsk-based Metal and Polymers Works will resume operation on Ukraine-controlled territory. As raw materials Turkish galvanized coils will be used, The annual capacity of the enterprise will be 78 thousand tons…

Ukraine: metal makers expecting import duties on Russian and Chinese galvanized metal

Ukrainian manufacturers of galvanized rolled metal await the implementation of the preliminary protective measures on the import of these products from China and Russia. According to the executive director of the Ukrainian Center of Steel Construction, Vyacheslav Kolesnik, in August-September 2018 the imports of Chinese galvanized metal reached their peak, but after that dropped sharply.…

Russia: MMK revenue down in Q4 2018

In Q4 2018 MMK revenue decreased by 6.2% QoQ, to $1962 million. EBITDA fell by 20%, and the margin was 27.4%. Net profit totaled $245 million. In 2018 revenue increased by 8.9% YoY, to $8214 million, mostly because of the average price growth (by 8% or by $46 per ton). EBITDA went up by 19%,…

Russia: gold ingots to be exempt of VAT

The Ministry of Finances proposes canceling VAT on gold in ingots, as investment in precious metals is a good way for accumulation. Now people have to pay a 20% VAT when buying ingots from banks. While when selling ingots, the VAT is not returned, which makes purchase less attractive. Hence the low demand – some…

Russia: Ufaleinickel to be auctioned

An expert commission has finished evaluating the assets of Ufaleinickel.

The company went bankrupt some 18 months ago.

The auction could be held in summer.

The combined cost of the lots is around 1 billion rubles.

Two investors are already mulling the purchase of the works. (Ukrainian metal)

Russia: NLMK-Kaluga masters new product manufacture

NLMK-Kaluga has started producing a new type of metal for construction – 100 mm-long channels with parallel sides.

A batch of 3 thousand tons has been shipped to customers in the Central Federal District.

Imports in the segment in 2018 reached 32%, up by 6% YoY. (Ukrainian metal)

Russia: ChTPZ lends 1.1 billion rubles to its scrap procurer

Chelyabinsk Pipe Rolling Plant has provided a loan of 1.14 billion rubles to a company it controls – Meta.

The agreement was signed on February 5.

The funds have to be returned not later than on June 30, 2020.

Meta provides ChTPZ with scrap. (Ukrainian metal)