In 2019 metal output is expected to decrease because of the long repairs of rolling mills and blast furnaces. In January-September Russian metal output increased by 1.3%, mostly due to the non-ferrous metals (+2%), while ferrous metals dropped by 0.1%. Exports fell by 10.6%, with prices down by 15-20%. Domestic consumption grew by 4%. (Ukrainian…
Chelyabinsk Pipe Plant (ChelPipe) has delivered more than 150,000 tons of large-diameter pipes for construction of the linear part of the Turkmenistan–Afghanistan–Pakistan–India (TAPI) pipeline, the company said in a statement on December 25. “ChelPipe Group was the only Russian company to pass all stages of qualification selection and offer the best delivery conditions among 94…
Ukraine retained its 10th place in the ranking of the world’s largest pig iron producers and the 13th place in the ranking of the world’s largest steel producers in January-November, according to the World Steel Association. “Ukraine ranks 10th among 40 pig iron producing countries. Ukraine ranks 13th among 62 steel producing countries,” the Ukrmetalurhprom…
The Cabinet of Ministers has determined the volume of scrap procurement in 2020. According to the decree, the country will procure both ferrous and non-ferrous metals scrap. Belvtormet has been appointed the state customer. The order amounts to 1.3 million tons of ferrous metals scrap and 21,191 tons of non-ferrous scrap. The Ministry of Industry…
The Sayano-Partizansky Pit, a part of Russky Ugol, has fulfilled its annual output plan. Moreover, coal output this year has grown by 10% YoY, to 1.1 million tons. In 2018 the enterprise, commissioned in 1991, for the first time reached the annual output level of 1 million tons. (Ukrainian metal)
In December Metinvest enterprises did not receive VAT reimbursement in the amount of 1.5 billion UAH. In particular, Mariupol Ilyich Iron and Steel Works has not received some 1 billion UAH. Because of that the employees are worrying about the delays in their salary payment. According to Ukrmetallurgprom president Alexander Kalenkov, the State Tax Service…
The Eurasian Economic Commission’s department of the internal market protection has announced a new antidumping investigation of the import of stainless steel welded pipes from China. The investigation relates to the pipes and tubes with the wall thickness of 0.4 to 6 mm and the outer diameter of 6 to 115 mm. The investigation was…
International rating agency S&P Global Ratings (S&P) has revoked the long-term credit rating of Russian coking coal producer Koks, a part of Industrial Metallurgical Holding (IMH), at a request of the company, the agency said in a statement. At the time of revocation, the rating was B, and the outlook was Stable. (Prime/Ukrainian metal)