UC RUSAL expects global aluminum deficit to rise to 1.7-1.8 million tons in 2018 from 1.3 million tons in 2017, Director for Strategy, Business Development and Financial Markets Oleg Mukhamedshin reported on July 12. The situation at the aluminum market is improving thanks to China’s policy on cutting emission and closing inefficient capacities. RUSAL also…Details
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In January-June Magnitogorsk Iron and Steel Works increased its net profits by 35.8% YoY, to 32.287 billion rubles ($538 million). According to the company statement, its earnings totaled 185.308 billion rubles ($3.088 billion), up by 17.5% YoY. Gross profit increased by 7.5%, to 48.863 billion rubles ($814 million), EBITDA – by 23.8%, to 40.016 billion…Details
The Russian customs service has acknowledged exports of anthracite from the militants’ occupied mines on Donbass. According to the statistics of the Southern customs department of the Federal Customs Service of Russia, in May Rostov region received 58.652 thousand tons of anthracite valued at $3.14 million from Ukraine, and in January-May – 236.568 thousand tons…Details
The U.S. has extended the agreement on price obligations with regard to Ukrainian pipe products, which provides for the abolition of the antidumping duty for Ukrainian producers involved in pipe exports, according to Ukraine’s Trade Envoy Nataliya Mykolska. “The U.S. Department of Commerce decided to extend the agreement on price obligations for pipe products. Thus,…Details
In June Dneprospetsstal produced 21849 tons of steel, down by 2.2% MoM. Rolled metal output dropped by 3.4% MoM, to 13844 tons. The total cost of the products manufactured in June is 643232 thousand UAH, down by 5.8% MoM. In January-June the company produced 127744 tons of steel and 84632 tons of rolled metal valued…Details
In January-June Khabarovsk region enterprises obtained 9170.4 kg of gold, up by 14.1% YoY. Alluvial gold companies showed the increase in output of 8.6% YoY, to 1517 kg, while miners yielded 7653.4 kg, up by 15.3%. Silver output totaled 27509.5 kg against 19260.4 kg in H1 2016. (Ukrainian metal)Details
In H2 Russian Copper Company intends to start construction at the Tominskoye deposits of copper-porphyry ores in Chelyabinsk region. According to the group vice president Maxim Schibrik, this is the key investment, which will considerably improve quality ad boost output. Investments in 4 years will total 65.9 billion rubles. The project will be carried out…Details
In Q2 Severstal pig iron output decreased by 4% QoQ, to 2.24 million tons, mostly because of the blast furnaces No. 2, 4 and 5 repairs. Steel output decreased by 1%, to 2.83 million tons. Consolidated sales of steel increased by 9% QoQ, to 2.75 million tons. Local sales went up to 60% from 58%…Details
Following the rise of the world prices for rolled metal and the weakening of the ruble exchange rate the prices for rolled metal on Russian market could increase. The growing demand as well as the price increase for all the main raw materials also contribute to this. According to the market participants, MMK plans to…Details
The Ukrainian Association of Scrap Exporters (UAEM) has asked the president to completely veto the bill on prolongation of scrap export duty of 30 euro per ton for two years. The association believes that the bill contradicts the current legislation of Ukraine and international agreements, signed and ratified by Ukraine. According to these agreements, the…Details
Pobuzhye Ferronickel Plant intends to resume purchases of nickel ore in Ukraine. According to the company director Oleg Bespalov, the ore will be bought from Zapadno-Loschevskoye deposits in Nikolayev region. The first batch will arrive on July 15. The company will buy 25% of its need locally, the rest, as previously, will be purchased from…Details
In January-May Poltava Mining and Processing Works exported 3.663 million tons of iron ore pellets. At the same time Karelsky Okatysh exported 2.165 million tons, Mikhailovsky GOK – 1.502 million tons, Lebedinsky GOK (all three Russia) – 1.153 million tons, and Central GOK – 784.1 thousand tons. In 5 months PGOK produced 4.234 million tons…Details
In January-June Pobuzhye Ferronickel Works produced 7.7 thousand tons of nickel, down by 13.4% YoY. According to the company statement, ferronickel output dropped by 9%, to 36.121 thousand tons, while the total volume of the ore processed decreased by 9.1%, to 640.312 thousand tons. The decrease was the result of scheduled repairs of the main…Details