In January-March Metalloinvest produced 600 thousand tons of pig iron, down by 8.5% YoY. According to the company statement, the decrease of the output has to do with the repairs of a blast furnace, as well as the shorter calendar work time. Steel output increased by 1.1%, to 1.2 million tons. Russia’s share in the…Details
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The Verkhovnaya Rada committee on industrial policy and entrepreneurship recommended the parliament to extend the scrap export duty of 30 euro per ton for 2 years. According to the state enterprise Ukrpromvneshexpertisa in 2016 scrap procurement reached 3.5 million tons, the minimum volume for the past 20 years. (Ukrainian metal)Details
The negotiations between administration of Evraz Sukhaya Balka and miners on the salary increase are underway. As the result of the meetings held on May 12, 15 and 16, the administration decided to review its previous decision on wage increase. The company is prepared to increase salary by 20%. Taking into account the 3% increase…Details
In January-March VSMPO-Avisma received 5.07 billion rubles of net profits, down by 34% YoY. Earnings totaled 17.9 billion rubles, down by 3%. The company accounts receivable increased to 20.1 billion rubles, while accounts payable dropped to 6.46 billion rubles. (Ukrainian metal)Details
The Polyarnaya artel plans to obtain 250-270 kg of alluvial gold in Chukotka this season. “We haven’t started operations yet, as the snow covers the sites, and there is no water. Sand washing will start in June. We expect the growth of output at the level of 30-50 kg”, the company chief geologist Ananiy Solomchuk…Details
Mechel-Service has opened a new warehouse in Biysk. The total number of the company warehouses in Russia has grown to 62 and the cities where it is present to 45. Earlier customers had to travel 165 km to Barnaul, where the nearest warehouse was situated. The customers of the new warehouse are construction companies, metal…Details
In 2017 Guryevsk Iron and Steel Works intends to produce 106.6 thousand tons of steel, up 1.9-fold YoY. Rolled metal output is expected on the level of 134.5 thousand tons, up by 43.8%, and grinding balls – 60.7 thousand tons, up by 8.4%. In Q1 the works earnings increased by 17.3% YoY, to 990.56 million…Details
As of May 15 average daily steel output is on the April level. As of May 16, 16 out of 28 blast furnaces (57%), 12 out of 21 converters (57%), 7 out of 9 open-hearth furnaces (78%) and 7 out of 15 electric arc furnaces (47%) are operating. Mariupol Ilyich Iron and Steel Works and…Details
In April Ukrainian metal companies received 290 thousand tons of scrap, up by 25 thousand tons MoM, or 95% of the need. In January-April metallurgists received 1 million tons of scrap, up by 15% YoY, and 82% of the need. Scrap stocks at metal companies in April increased by 20 thousand tons, to 115 thousand…Details
In April Ukrainian metal companies consumed 120 million cubic meters of gas, down by 20 million cubic meters MoM. Average daily gas consumption dropped by 0.5 million cubic meters MoM, to 4 million cubic meters. In January-April metal industry consumed 630 million cubic meters of gas, up by 6% YoY. Average daily consumption was 5.2…Details
In January-April Ukraine exported 4.9 million tons of rolled metal, down by 22% YoY, valued at $2.1 billion, up by $400 million. The export share in the total rolled metal manufactured was 82% against 86% in January-April 2016. Semi-finished metal reached 40% in the total exports (2 million tons) against 46% (2.9 million tons). At…Details
Kazakhstan has imposed a 6-months prohibition on ferrous scrap and waste exports. The corresponding Ministry of investments and development decree comes into effect 10 days after its official printing, or from May 27. The goal of this action is to support the local metal industry. On August 1, 2016 Kazakhstan already imposed a 6-months prohibition…Details