Russia: Kola modernizes warehouses

The Monchegorsk site of the Kola Iron and Steel Works, a part of Norilsk Nickel, has finished the modernization of the bulk machinery warehouse. The warehouse with the size of 2.5 thousand square meters saw the replacement of walls and roof, new lighting system assembly, as well as the disassembly of old racks, which were…

Russia: TMK increasing pipe prices

The Pipe Metallurgical Company has announced the increase of all of its Russian division pipe product prices by 5% from March 1. The increase will affect all categories of consumers. The main reason for the price increase is the growth of raw materials cost and other industrial expenses in H2 2016, which affected the prime…

Russia: MMK to raise July-December 2016 dividends

Russia’s Magnitogorsk Iron and Steel Works may allocate 60% of its free cash flow on dividends for July-December 2016, the company said in a statement. “On the back of strong profitability and lower debt load, the company’s management decided to recommend that the board of directors pay dividends representing 60% of free cash flow for…

Russia: MMK net profits up in 2016

In 2016 MMK increased its net profits 2.5-fold YoY, to $1.111 billion. According to the company statement, its free cashflow totaled $728 million. EBITDA increased by 17.3% YoY, to $1.956 billion. Company revenues dropped by 3.6% YoY, because of the low sale prices. This year MMK forecasts the increase in steel demand in Russia by…

Russia: Andrometa ships 2 thousand tons of metal structures to the Far East

Yuzno-Sakhalinsk is carrying out a major project on the construction of the Aqua-City multi-functional complex, which will become the largest aqua-park in the Far East.

Andrometa supplies metal structures for the construction. So far the company has supplied 2 thousand tons of welded structures. (Ukrainian metal)

Russia: raw zinc output up in 2016

In 2016 Russia increase raw zinc output by 4.7% YoY.

According to the Federal Service of State Statistics, in December 2016 raw zinc production went up by 16.4% YoY and by 19.1% MoM. (Ukrainian metal)

Russia: raw lead output down in 2016

In 2016 Russia decreased raw lead production by 8.6% YoY.

According to the Federal Service of State Statistics, in December 2016 raw lead output decreased by 9.9% YoY, but went up by 8.5% MoM. (Ukrainian metal)

Russia: NLMK-Ural decreases energy consumption

The rolling shop of NLMK-Ural has replaced its gas flowmeter.

The project will help decrease gas consumption by 213 thousand cubic meters per year, allowing the company to save some 0.87 million rubles.

NLMK-Ural spent 0.6 million rubles on the project. (Ukrainian metal)

Kyrgyzstan: 10 mining licenses revoked

The State Committee for Industry, Energy and Subsoil Use revoked 10 licenses for mining. Ken KG LLC lost its license to mine rhinestone. Two licenses of Kench Kut LLC, which mines rhinestone and serpentine rock, have also been revoked. Too Ken Bars, Alfa Consult, Master Elitstroy, Satmen LLC, engaged in mining of limestone, had their…

Kazakhstan: metal export prices up in 2016

According to the Statistics Committee of the Ministry of national economy, export prices in 2016 increased by 9.4% on average, import prices – by 16.4%. The highest increase in export prices was observed in zinc (by 72.8% YoY), lead (54.5%), ferrous metals (37.2%), aluminum (28.2%), coal (25.5%) and ferroalloys (24.1%). Ferrous and non-ferrous metal ores…

Russia: MMK site to be turned into industrial park

MMK has presented information about its industrial park. Special sections contain important data for existing and future residents of the industrial park, in particular, lease calculator, free are, transport infrastructure, etc. “The implementation of the project will help residents of the park integrate into the technological chain of MMK. We are prepared to offer help…