The Republic of Khakasia intends to start producing steel rope at the Abaz monocity. The project presupposes the creation of 2 lines to produce 3.5-35 mm diameter rope (GOST 2688-80, 7688-80, 3077-80). Siemens will supply the equipment. Steel rope production will start in 5 years. (Ukrainian metal)
Gomel-Raton Free Economic Zone (Gomel-Raton FEZ) hosted a new resident – KolosEuroTech, planning to manufacture high-precision metal products. KolosEuroTech is a Belarusian-Polish joint venture, intended to invest more than $1 million in high-precision metal production at Gomel-Raton FEZ. Gomel-Raton FEZ is now home to 81 resident companies. (Prime-TASS/Ukrainian metal)
In November prices of industrial manufacturers increased by 2.2% MoM. According to the State Statistics Service, in mining and quarrying price increase reached 4.4% MoM, including 10.5% in iron ore mining. Prices in processing industry went up by 1% MoM, in particular of coke – by 3.2%, in metal manufacture – by 2.2%. (Ukrainian metal)
The forecast for the Russian steel sector in 2017 is negative due to weak domestic demand, international rating agency Moody’s said in a research note. The outlook for the European steel sector is also negative due to risks of “price falls and profitability pressures on the back of competition from cheap imports”, the agency said.…
In January-September Russia produced 86637 tons of stainless steel, up by 3.3% YoY. Flat hot-rolled metal output went up by 6.7%, that of bars – by 47.5%, and of electric-welded pipes – by 19.1%, all YoY. At the same time cold-rolled flat metal output dropped by 13.5%, of round billets – by 41.2%, of wire…
In January-October industrial output in Armenia decreased by 6.2% YoY. In 2015 it saw a rise of 5.5%. According to the National Statistics Service, ferromolybdenum output reached 5262 tons, up by 11.4% YoY, with 648 tons produced in October, down by 9.7% MoM. Molybdenum production totaled 8885 tons, up by 1.1% YoY, with 915 tons…
In January-October Ukraine sold 1387.6 billion UAH of products and services, up by 14.8% YoY, with 376.3 billion UAH exported. According to the State Statistics Service, metal and metal wares manufacture accounted for 17.6% of the total sales volume, mining – 13.1%. In October mining sales volume went up by 19.5% YoY, in particular, by…
In January-November the network of Russian Railways loaded 1.117 billion tons, up by 0.6% YoY, the company’s press center says. In the reporting period the railways shipped 297.6 million tons of coal, up by 1.6% YoY; 10.7 million tons of coke, up by 4.6% YoY; 100.5 million tons of iron and manganese ores, up by…
