Ukraine: scrap price to grow in December 2018

The state enterprise Ukrpromvneshexpertisa forecasts that in mid-December the average price of ferrous scrap on the domestic market will grow by 4.11% MoM, to 7756 UAH per ton. In November prices increased by 7.97% MoM, to 7450 UAH per ton. Last month metal companies continued increasing purchase prices in order to revitalize deliveries. The main…

Ukraine: iron ore exports up in October 2018

In October Ukraine exported $33.929 million worth of iron ore, up by 15.7% YoY, while imports totaled $5.522 million. According to the State Fiscal Service, China was the largest importer of iron ore. In January-October Ukraine increased exports of iron ore by 7.9% YoY, to $2352.3 million, while imports dropped by 95.6%, to $0.954 million.…

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…

Russia: ZEMZ finishes large-scale reconstruction project

On November 19 ZEMZ put into operation a new site of Bosio thermal furnaces.

The site has 5 thermal furnaces with the maximum temperature of up to 10 thousand degrees C.

The furnaces will be used to heat rounds, squares and slabs.

The average monthly output of each furnace will be 900 tons. (Ukrainian metal)