Russia: ferrous metals scrap imports from Kazakhstan down in April 2018

In April, according to the customs statistics, Russia imported 35.2 thousand tons of ferrous metals scrap from Kazakhstan.

This is more than was imported in March 1.8-fold, but lower by 23% YoY.

In January-April scrap imports reached 94 thousand tons, down by 46% YoY. (Ukrainian metal)

Russia: copper exports growing

In January-April Russia exported 281.9 thousand tons of copper valued at $1922 million, up by 16.9% and by 43.1% YoY respectively.

Primary copper accounts for 80% of deliveries.

In April the average price was $6766 per ton, up by 24% YoY.

Copper wire rod price was $6558 per ton, up by 21.6%. (Ukrainian metal)

Russia: nickel exports revenue up in January-April 2018

In January-April Russia exported 44.6 thousand tons of raw nickel valued at $598 million, down by 7.2%, but up by 29.4% YoY.

This is the lowest result in the past 10 years volume-wise.

In April the average price was $13920 per ton, up by 4.3% MoM and by 50.3% YoY. (Ukrainian metal)

Russia: Mechel and Gazprombank not to find investor for Elga in 2018

Mechel and Gazprombank are negotiating the attraction of investors to the Elginskoye deposits (Elga), but do not expect to find any this year.

The share of Mechel in the project is 51%, and Gazprombank – 49%.

Main negotiations are carried out with companies interested in supplying coal to their enterprises in South-East Asia. (Ukrainian metal)

Russia: Rusal refuses state support due to bad terms

Russian businessman Oleg Deripaska, who was included in a sanctions list by the U.S. earlier this year, has turned down the support of Promsvyazbank due to unfavorable lending conditions. Oleg Deripaska has refused state lending via Promsvyazbank. The lending conditions, offered by the state bank, including the rate, were unacceptable, sources reported. A representative of…

Kazakhstan: gold output to increase

In 10 year Kazakhstan has invested 1.4 trillion tenge in the development of gold deposits. According to the Committee on geology and subsoil use, the state balance of natural resources has 343 gold deposits. The country occupies the 14th place in the world on confirmed and industrial reserves of gold. Last year Kazakhstan produced 85…

CIS: pig iron output up in May 2018

In May Russia produced 4.465 million tons of pig iron, up by 3.9% YoY, with 4.32 million tons produced in April. In January-May pig iron production totaled 21.745 million tons, up by 0.5% YoY. Ukraine decreased pig iron output by 0.6% YoY, to 1.582 million tons (1.649 million tons in April), but increased by 7.7%…

Ukraine: DTEK Pervomayskoye to mine 800 thousand tons of coal from new long face

The Stepnaya mine of the DTEK Pervomayskoye Mine Group has commissioned the long face No. 175.

Some 800 thousand tons of coal will be mined from the new long face in 10 months.

The cost of repair and purchase of new machinery reached 153 million UAH. (Ukrainian metal)