Russia: Nornickel output forecast down

Norilsk Nickel has decreased its own forecast on non-ferrous and precious metals output in 2016. In particular, nickel output is expected to fall to 195-200 thousand tons from 206-212 thousand tons of the previous forecast. The decrease would be the result of repairs at Talnakh processing factory. In 2015 Nornickel produced 266 thousand tons of…

Russia: Demidov sales up in January-September 2016

In January-September the state company Demidov saw increase in rolled sections sales by 22% YoY.

Pipe sales went up by 9% YoY in H1 2016 due to the dramatic activation of metal traders following the February-May price increase. (Ukrainian metal)

Russia: NLMK profits down in Q3 2016

In Q3 NLMK received $385 million of net profits, down by 6% YoY. According to the company statement, its sales increased by 2%, to 4.2 million tons. Its revenues grew by 10%, to $2.25 billion. Investments fell by 29%, to $104 million, but the free cash flow increased by 28%, to $474 million. In January-September…

Ukraine: ZALK losses down in January-September 2016

In January-September Zaporozhye Aluminum Works, the sole primary aluminum producer in Ukraine, received 527.33 million UAH of losses, down 2.5 times, or by 809.55 million UAH YoY.

According to the company statement, its net income totaled 1 million UAH (no income in January-September 2015).

In Q3 ZALK received 245.74 million UAH of losses. (Ukrainian metal)

Belarus to hit Ukrainian ferroalloyers under discount promises from Russia

Belarus, that has previously blocked duties on ferrosiliomanganese imported from Ukraine to the Eurasian Economic Union, has now agreed to impose a protective measure in exchange for the 20% discount from ChEMK (Chelyabinsk Electrometallurgical Works). In June the EEC imposed a 5-year duty of 26.35% on Ukrainian ferrosiliomanganese (Ukraine supplied $200 million worth of ferrosiliomanganese…

Ukraine: coke imports in H1 2016

In H1 2016 Ukraine produced 5.5 million tons of bulk coke, up by 27% YoY. This decreased coke imports by 33%, to 535 thousand tons. ArcelorMittal Kriviy Rih traditionally imports coke from ArcelorMittal Poland, with 382.5 thousand tons imported in H1. Another major supplier is Russia (268.6 thousand tons). But Russian coke is bought by…

Russia: Severstal output to drop in 2017

In 2017 Severstal plans to decrease steel smelting due to the overhauling campaign at its main asset – the Cherepovets Iron and Steel Works. “But the negative effect will be limited. Perhaps, it will reach 1-2% YoY”, Severstal financial director Alexei Kulichenko said. Sales will remain on 2016 levels. In January-September Severstal received $1.3 billion…