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Even if the scrap export duty is prolonged, Ukraine will still suffer from the raw material shortage. “There will be a shortage anyway. But there is a difference: 200 thousand tons of shortage at 30 euro per ton duty and 800 thousand tons of shortage if the duty is not prolonged”, Ukrmetallurgprom president Alexander Kalenkov…
DetailsEvraz and the Russian Railways have signed a memorandum on cooperation. According to the document Evraz will increase output of 100-meter rails. An additional manufacturing line will be assembled at Evraz ZMSK. And railroads will provide rolling stock to take all the rails produced. The memorandum creates the basis for the signing of a new…
DetailsIn 2016 the consolidated earnings of the United Metallurgical Company totaled 140 billion rubles ($2.47 billion), down by 13% YoY. At the same time the company claims it has been able to receive high profit despite the decrease of large diameter pipe sales, as well as cleared a considerable part of its debt (56 billion…
DetailsThe price of coal, delivered from DTEK mines in Russia, is $95 per ton, while that from the South-African Republic is $100 per ton. According to the acting CEO of DTEK Energo Dmitry Sakharuk, in April the company received 35 thousand tons of coal from Russia, with 85 thousand tons in May. In June DTEK…
DetailsThe Ministry of Trade and industry of Egypt has imposed temporary duties on the imports of rebars from Ukraine, China and Turkey for 4 months. According to the ministry, the duty for Ukraine is 15-27%. “The decision was taken after an investigation at the request of the local manufacturers who could not compete with the…
DetailsThe court has denied the request of the State Geology Service to cancel the Carpathian Ore Company license for the Muzhievskoye gold deposits in Zakarpatye region. The company received the license to mine gold in 2012. In 2014 the prosecutors found violations in the operation of the company and the service stopped the license and…
DetailsIn January-May railroads transported 11.86 million tons of ferrous metals, down by 0.3% YoY, including 11.57 million tons for export, down by 2.1%, and 287.84 thousand tons for import, up 3.9-fold. Export transportation to the port of Novorossiysk totaled 4.59 million tons, down by 7.6% YoY, to St. Petersburg port – 2.4 million tons, up…
DetailsSeverstal will supply 17.7 thousand tons of rolled metal to the shipbuilding works Zvezda: steel sheet with the width of 3 meters and the length of 12 meters. The tender was won by Severstal Distribution. The company already has experience of supplying metal via railroad to the Far East. All the metal will be produced…
DetailsThe ChTPZ group will supply a batch of seamless stainless pipes for Belenergomash-BZEM. The pipes will be produced at Chelyabinsk Pipe Works and intended for pipelines of Kudankulam nuclear power plant in India. The products will be shipped in Q3. Under the contract ChTPZ will supply 80 thousand tons of 325-426 mm diameter and 12-16…
DetailsIn January-May Mariupol Ilyich Iron and Steel Works produced 1.102 million tons of rolled metal, up by 1.2% YoY. According to the company statement, steel output went up by 0.7%, to 1.231 million tons, while that of pig iron dropped by 1.1%, to 1.5 million tons. In May the works produced 232 thousand tons of…
DetailsIn January-May Azovstal Iron and Steel Works produced 1.592 million tons of rolled metal, up by 22.6% YoY. According to a company representative, steel output increased by 22.7%, to 1.807 million tons, pig iron – by 25.3%, to 1.58 million tons. In May the company produced 330 thousand tons of rolled metal, 374 thousand tons…
DetailsUkrzaliznytsia failed to provide the necessary throughput of the repaired Kamysh-Zarya – Volnovakha route for the stable operation of the Mariupol companies. On June 2-6 the daily throughput of the route was 16 cargo trains, far below the 24 trains promised by Ukrzaliznytsia. Thus Metinvest group had to look for alternative, and more expensive ways…
DetailsTalnakh Concentrator of Nornickel’s Polar Division has reached the project design parameters and capacity in line with the targets set by the modernization project. The plant’s total throughput capacity has increased by 30%, from 7.6 to 10.2 million tons of ore per year, metal losses in tailings have been reduced, while target nickel and copper…
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