Rusal Holding has attracted the loan for pre-export financing for $1.7 billion. According to the company statement the conditions are 3 months LIBOR +3% interest, 5 years. The goal of the loan is to refinance the current debt. In Q1 Rusal net profits increased by 48% YoY, to $187 million. (Ukrainian metal)Details
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Ukraine has to officially inform WTO of the intention to prolong the 30-euro per ton duty on ferrous scrap for 2 years and hold corresponding consultations. “The government has to work for industry, while trade diplomacy – for Ukrainian manufacture interests and economy. Such notification is highly important, so that our foreign partners understand us”,…Details
NLMK Group, an international steelmaking company with operations in Russia, the USA and European Union, has taken steps to improve customer service by introducing guarantees of the decorative and protective properties of polymer coatings, which range from 10 to 35 years. The guarantee of the longevity of the polymer coating covers products manufactured at NLMK…Details
Metinvest Group, ArcelorMittal Kriviy Rih and Interpipe intend to take part in the Ukrzaliznytsia tender to sell 84.5 thousand tons of ferrous scrap with the initial price of 417.9 million UAH. In particular, Metinvest reported that its Metinvest-resource, the exclusive supplier of scrap to its companies, would participate in the auction. AMKR confirmed its intention…Details
ArcelorMittal Kriviy Rih had to buy a batch of blast furnace coke from Columbia because of the material shortage in Ukraine. “In late April – early May AMKR received some 28 thousand tons of Columbian coke”, a source said. The works also received 15 thousand tons of Chinese coke. But the main coke supplier for…Details
The South Osetia company Vneshtorgservice, connected by the media with Sergey Kurchenko, has since April supplied some 140 thousand tons of iron ore valued at $18 million to the metal companies on the occupied territories of Donetsk and Lugansk regions. According to the Russian Federal Customs Service, the company has started taking metal products to…Details
Poltava Mining and Processing Works, a part of Ferrexpo, has invested 20 million UAH in the creation of a repair service of its own railroad wagons. The repair will be carried out by the daughter company Ferrotrans. “Last October we received a license to conduct repairs of our own wagons. We’ve been moving towards this…Details
Rosneft has chosen the winners of its pipe purchase tender started in December 2016. The initial price of 180 billion rubles dropped by 31.3%, to 123.9 billion rubles. TMK and Gazpromtrubinvest won the largest lots. The pipes will be supplied for the development of deposits. In late April Rosneft announced another tender for the purchase…Details
The Kola Iron and Steel Works, a part of Nornickel, has put a new ball mill into operation at its processing factory. The mill produced at Tyazhmash costs 48 million rubles. The machinery was purchased to replace the outdated equipment and improve quality. The mill at the factory will be used for the first time.…Details
The analytical center of the government held a discussion of the problems of stainless steel manufacture and sales in Russia. The event was attended by the representatives of the ministry of economic development, the Russian Union of Metal Suppliers, the Pipe Industry Development Fund, the National Association of automobile Parts Manufacturers, MMK, Severstal, TMK, etc.…Details
In April Ukraine produced 5.978 million tons of iron ore, down by 323.8 thousand tons, or by 5.1% MoM. The average daily output of concentrate and sinter ore in April was 155.9 thousand tons, up by 2 thousand tons MoM, that of sinter and pellets dropped from 49.4 thousand tons to 43.4 thousand tons. In…Details
The annual volume of Ukrainian market of metal structures is estimated at over 6 billion UAH. “The market is represented by some 830 enterprises. Annually they provide the construction industry with 6 billion UAH worth of products, generating 2.5 billion UAH of added value and employing 21 thousand people”, the vice prime minister, minister of…Details
Energomashspetsstal has signed a new contract with Azovstal Iron and Steel Works. The contract presupposes the production and delivery of 27 work rolls for hot-rolling weighing from 6 to 16 tons. The rolls will be supplied in August-September. EMSS rolls will be used at Azovstal to produce bars. The companies have been cooperating for a…Details