This year MMK intends to increase sales on domestic market by 5% YoY, to 8.1 million tons. Despite the drop of prices, the Russian market has demonstrated a better price dynamics compared with foreign markets. “Due to the dynamic demand growth and drop of imports, the balance of demand and supply has improved on the…
Metalloinvest and the Pipe Metallurgical Company have concluded an agreement on the delivery of hot-briquetted iron and rolled sheets (strips). In particular, the parties have agreed that in 2020 Metalloinvest will supply TMK with some 240 thousand tons of HBI manufactured by Lebedinsky GOK. The second contract presupposes the delivery of around 75 thousand tons…
At the Gornaya mine in Lugansk region the miners have decided not to return to the surface after their shift. Thus they have held a protest underground against not receiving salary. The chairman of the Lugansk civilian-military administration Sergey Gayday has promised to pay the salary until November 15. But the miners no longer believe…
In January-October Ukraine exported 6 million tons of semi-finished steel products valued at $2.51 billion, up by 13.5%, but down by 2% YoY respectively. The share of semi-finished products in the export structure remained at 6%. The main customers were Italy (32%), Egypt (14%) and Turkey (7%). (Ukrainian metal)
In July-October Kazakh coalmining companies intended to supply 775.8 thousand tons of coal to Ukraine via Russia, but the Russian Ministry of Economic Development approved only of 320.1 thousand tons. According to the Association of Mining and Metal Enterprises deputy chairman Maksim Kononov, the country railways and budget were damaged by these limitations. He noted,…
Following successful restructuring of its debts Interpipe will strengthen its investment program for 2020-2022 with $136 million. “Restructuring has finished as planned. We have been able to agree with our creditors. The issue has been settled. Now we have a reinforced investment program – $136 million for three years”, the company CFO Denis Morozov declared.…
Since the start of the washing season Vitim, developing alluvial sites in Irkutsk region, has extracted 2,693 kg of gold, down by 4% YoY. The operation at the sites will traditionally end in November. This year the company intends to extract 2,800 kg of gold. In 2018 the output totaled 2,936 kg of gold. (Ukrainian…
In January-October Mechel-Service increased sales of high value products: flanged beams, metal wares and bars. In particular, growth of beam sales amounted to 10%, metal wares – 20% and bars – 25% YoY. Mechel-Service sells over 100 types and sizes of beams of S255 and S345 steel grades. (Ukrainian metal)
