The idea of creating a very large metal company is still important for Russia, USM Holding chairman Alisher Usmanov believes. “There is an oil giant. There is also a gas giant, even though with the state-controlled stake. There is a bank giant. While in the mining and metallurgical sector everything is split up. So we…
The Ministry of economical development of Russia believes that in 2017 metal and metal wares output will grow by 1% YoY, with 1.6% and 1.8% growth forecast for 2018 and 2019. Rolled metal growth will be slower (less by 1%), but by 2019 Russia will be producing 61 million tons of rolled metal per year…
In November Russia imported 31285 tons of stainless steel, down by 3.4% MoM. Despite the decrease this was the second time in the modern history of Russia when the imports exceeded 31 thousand tons. Flat rolled metal imports in November decreased by 1%, of electric-welded pipes – by 22.6%, of seamless pipes – by 48%.…
The total throughput of the Novorosiysk Sea Trade Port Group in January-November increased by 5.3% YoY, to 134.66 million tons. According to the company statement, iron ore raw materials transshipment increased by 39.1% YoY, to 2723 thousand tons, that of coal – by 17.8% YoY, or by 243 thousand tons, to 1608 thousand tons. Ferrous…
State industrial corporation Rostec plans to ask the government to work with metals companies which have increased prices by about 30% YoY, CEO Sergei Chemezov reported. “We have a really big problem with metals companies. They have lifted the prices very high, by almost 30%”, he said. “One should not raise prices this fast. I…
In October Russia imported 24.4 thousand tons of corrosion-resistant flat rolled steel, valued at $49 million, up by 8% MoM and by 38% YoY. 600+ mm wide sheet accounts for around 90% of the imports. Nickel contents in steel don’t exceed 2.5%. Some 28% of imports came from China. In October Chinese steel cost $1633…
Danieli & C. Officine Meccaniche S.p.A (Italy) and Baku Steel Company (Azerbaijan) have signed an agreement to invest 1.225 billion euro into the creation of the new iron and steel complex of 5 works. “Sumgait will see the construction of 5 works in 3 years”, the economy minister Shakhin Mustafayev said. The project will create…
Major Ukrainian ferroalloy companies (Nikopol and Zaporozhye Ferro Alloy Works), as well as Ordzhonikidze and Marganets Mining and Processing Works, all parts of the Privat Group, continue operating according to their manufacturing plans. Earlier due to the nationalization of PrivatBank the companies accounts were blocked. PrivatBank also managed Stakhanov Ferroalloys Plant, ZZF, MGOK and OGOK…
