Russia: nickel export revenue up in January-September 2018

In January-September the export of Russian raw nickel totaled 101.8 thousand tons valued at $1366 million.

The export volumes fell by 1.5%, while revenue grew by 36.1% YoY.

In September the average price was $11646 per ton FOB, up by 4.8% YoY. (Ukrainian metal)

Russia: MMK recognized for import-substitution product

Magnitogorsk Iron and Steel Works (MMK) became a national prizewinner of “Prioritet 2018”, a national award in the area of import substitution in the Metallurgy category. The jury highly praised a unique polymer rolled steel SteelArt produced at MMK-Lysva Metallurgical Plant (part of MMK Group). SteelArt is a polymer rolled product with a decorative coating…

Ukraine: gas consumption up in January-October 2018

In January-October Ukrainian metal companies increased gas consumption by 9% YoY, to 1.52 billion cubic meters.

In October gas consumption totaled some 140 million cubic meters, down by 7% MoM.

In 10 months electricity consumption grew by 8%, to 9.8 billion kW-h. (Ukrainian metal)

Russia: platinum output down in October 2018

Russia’s output of unrefined and semi-refined or powder platinum decreased by 15.1% YoY, but rose by 0.6% MoM in October, the Federal State Statistics Service said without disclosing absolute figures. Silver output grew by 13.9% YoY and by 21.8% MoM. In January-October the output of platinum dropped by 3.3% YoY, while of silver rose by…

Ukraine: state mines to get 1.6 billion UAH

The Cabinet of Ministers suggests providing state coal enterprises with 1.63 billion UAH in 2019 to be spent on their restructuring. The corresponding suggestion is contained in the draft budget for 2019. The restructure program also includes the support of state mines by a surcharge from the state budget to the price of coal. The…