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Russia: metal output up in January 2017

In January Russia produced 4.3 million tons of steel, up by 11.5% YoY, but down by 3.6% MoM.

Pig iron output grew by 4.6% YoY, to 4 million tons, with rolled metal production up by 3.2%, to 4.5 million tons.

According to Rosstat, steel pipes manufacture increased by 13.4%, to 0.442 million tons. (Ukrainian metal)

Russia: zinc output up in January 2017

In January raw zinc output in Russia increased by 1.2% YoY.

According to the Federal Service of State Statistics, on the other hand the January result was 9.4% below the December 2016 result. (Ukrainian metal)

Russia: S&P revises Metalloinvest outlook

Standard & Poor’s Ratings Services (S&P) has revised its outlook on Metalloinvest from Negative to Stable. S&P also affirmed the company’s ‘BB’ long-term corporate credit rating. According to S&P’s latest report, the upgrade to a Stable outlook reflects positive iron ore price trends, as well as actions taken by Metalloinvest’s management team to deleverage and…

Ukraine: Yenakievo Steel and Krasnodonugol halt operations

Yenakievo Iron and Steel Works and Krasnodonugol, both subsidiaries of Metinvest Group, have halted operations. Production has been disrupted by the ongoing armed hostilities and a blockade of railway transportation between the controlled and the uncontrolled territory of Ukraine. Since the beginning of the conflict in the region, Yenakievo Steel has experienced erratic supplies of…

Ukraine: AMKR to invest $400 million in modernization of the plant in 2017

PJSC “ArcelorMittal Kriviy Rih”, the largest mining and metallurgical plant of Ukraine, will invest $400 million (CAPEX and OPEX) in the development of the plant in 2017. The company will invest funds in modernization of production, improvement of the environment, capital repairs of equipment and construction of new units, including the second LF-CC and coke…

Russia: Kaltan pit mines 100 million tons of coal

The Kaltan open-pit mine yielded the 100-millionth ton of coal. This is the result of Osinikovskoye and Kaltansky field miners operation since each field has been put into operation. The Kaltan open-put mine was created in 2009 by merging Kaltansky open-pit and Osinnikovsky open-pit. The first ton of Osinnikovsky coal was mined in 1980, and…

Russia: Kraft Group supplying rolled metal for Moscow subway construction

Kraft Group is carrying out regular deliveries of rolled metal for the construction of the Kalininsko-Solntsevskaya line of the Moscow subway.

The metal is supplied to the construction sites from the Ramenki station to the Novoperedelkino station. The company supplies rebars, wire, mesh, pipes and shapes. (Ukrainian metal)

Russia: 22 tons of gold exported in 2016

In 2016 Russia exported 22.4 tons of gold, down by 43% YoY, while the output remained on the previous year level. Though there is still no data on January-November 2016 output the Union of gold-miners expects the figure to be on the level of 295-297 tons. Central bank bought the most gold on the local…

Russia: metal prices up in January 2017

In January Russian manufacturers increased prices by 12.7% YoY. According to Rosstat, the highest increase was observed in iron ore prices – by 21.7%. Machinery and equipment for metal industry increased in price by 16.8%, quarrying machinery – by 15.8%. Copper prices went up by 6%, pig iron, steel and ferroalloys – by 4.6% on…