In March, wages at metal companies increased by 17.7%, to 17,329 UAH on average. Salaries also grew at ore mining companies (by 0.8%, to 16,997 UAH), manufacturing coke (+1.4%, to 17,543 UAH), pipes and sections (+2.2%, to 13,266 UAH), precious and non-ferrous metals (+0.9%, 10,606 UAH). Ferrous metals enterprises had the largest growth of 22%,…
International rating agency Moody’s has worsened its outlook for Russia’s steel sector to negative from stable. The agency attributed the move to an anticipated decline in demand for steel amid low oil prices and a weak industrial PMI. Moody’s expects that demand for steel will fall by 3-7% this year compared with a previous projection…
In January-March, Ukraine transported 61 thousand tons of metal cargo via the Dnepr River, down by 22.7% YoY. January accounted for the main volume of transportation. In February, transportation was suspended because of the repair at the Kakhovka sluice. The operation of the sluice resumed on March 10. In 2019, metal cargo transportation along the…
Metals Consulting International Limited (MCI), the independent iron and steel sector management consulting firm, announces the merger of its advisory business with that of Saint Barbara, advisors to the world’s metals, minerals and mining industries. MCI mostly undertakes iron and steel sector due diligence and feasibility study work for clients in Western, Central and Eastern…
In February, metal and mining enterprises decreased average salaries compared with January, all except for pipe companies. In particular, average wages at mining enterprises in February was 16859.4 UAH, down by 4.8% MoM. By-product coke companies posted an average salary of 17298 UAH, down by 6.7%, ferrous metal companies – 16162.6 UAH, down by 7.2%,…
The construction readiness of the rolling mill that will make metal sheets and tinned iron in Miory district, Vitebsk region stands at 93%. The enterprise’s Director General Piotr Shimukovich made the statement while taking Prime Minister of Belarus Sergei Rumas on a tour of the construction site on March 27. The prime minister visited the…
In January-February, Ukrzaliznytsia increased iron ore, manganese ore and scrap transportation by 8% YoY. In particular, transportation of iron and manganese ore grew by 8.1%, ferrous metals – by 0.1% and scrap – by 8.7%. At the same time transportation of coke fell by 22.7%. According to the State Statistics Service, the dynamics of scrap…
In January-February, metal companies in Ukraine retained gas consumption on the previous year level – 310 million cubic meters. At the same time, electricity consumption decreased by 5%, to 1.83 billion kW-h. In 2019, metal companies decreased gas consumption by 2% YoY, to 1.8 billion cubic meters, and electricity consumption dropped by 5%, to 11.2…