Korolevsky Pipe Works is expanding the geography of its presence on the Russian market by opening a warehouse in St. Petersburg. The opening of the new site will decrease logistics expenses of buyers from the North-West of the country, while the broad range of products and good location of the warehouse will make the purchase…Details
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The Demidov Group of Companies has increased the prices of its products by 3-8%. The highest growth was in the segment of thin-walled section pipes (1-1.5 mm wall thickness). According to the company statement, the price increase has to do with the high demand, low stocks and the sharp rise of hot-rolled metal prices at…Details
In June Ukraine produced 5812.6 thousand tons of iron ore raw materials, down by 263.8 thousand tons MoM. The average daily output dropped by 8.4 thousand tons, to 125.6 thousand tons. In January-June Ukraine produced 35 million tons of iron ore raw materials, down by 2 million tons YoY. Deliveries of local raw materials to…Details
In May Metinvest increased its EBITDA by 13.24% MoM, to $154 million, having increased its earnings by 22.22%, to $737 million. According to the group report, in May it sold 262 thousand tons of semi-finished products valued at $109 million, and 425 thousand tons of other metal valued at $719 million. As well as 74…Details
On July 26 the ArcelorMittal Kriviy Rih miners, employees and the union representatives went on a strike with a number of demands, the main being the salary of 1 thousand euro. According to the miners (some hundred of them), the company management refuses to cooperate with them and react to their demands. They believe that…Details
In January-June Cherepovets Iron and Steel Works produced 2.228 billion kW-h of electricity, up by 0.5% YoY, and the highest result in all its history. The economical effect from the increase of electricity manufacture reached 66.4 million rubles. The share of the company’s own electricity totaled 79.4%, up by 0.8% YoY. (Ukrainian metal)Details
According to the Statistics Committee of the Ministry of national economy, in January-June Kazakhstan increased copper cathode manufacture by 5.4% YoY. Raw zinc output decreased by 0.5%. KAZ Minerals and KazZinc contributed the most to the output. (Ukrainian metal)Details
As of July 10 Rise LLC has yielded 210 kg of gold. This year the company still operates at two sites: the Pravaya Vizualnaya stream and the Nelgyu River. This year Rise intends to wash 600 kg of gold, up by 23.7% YoY. The stream will yield some 80% of gold. In 2016 Rise yielded…Details
Magnitogorsk Iron and Steel Works is the first among Russian manufacturers of galvanized and coated rolled metal. The rating on the results of the H1 was published in the “Metallosnabzheniye i sbyt” magazine. Last year MMK also headed the rating. In mid-July the works put into operation the continuous galvanizing machine No. 3 with the…Details
In January-June Severstal supplied 220 thousand tons of metal to Russian and CIS car manufacturers, up by 14% YoY. In particular, Russian car works as well as foreign companies operating in Russia received 163 thousand tons of metal. Deliveries to the CIS countries totaled 57 thousand tons, up by 98% YoY. The increase in exports…Details
DTEK expects that the third vessel with anthracite coal from the South African Republic will arrive on August 8-10. The vessel left the port of Richard’s Bay on July 10, carrying 75 thousand tons of anthracite for Pridneprovskaya and Krivorozhskaya thermal power plants. (Ukrainian metal)Details
Mariupol Ilyich Iron and Steel Works has started assembling metal structures of the roof at the continuous casting machine No. 4 building. “Since the start of the construction over 1.5 thousand tons of metal structure columns and beams have been assembled”, the company CEO Yuri Zinchenko wrote on his Facebook page. The works has also…Details
On July 25 the Sea Trade Port Yuzhniy finished unloading coal from the Zhao Yang Feng vessel from the South African Republic. All the 75 thousand tons of coal have been unloaded in 50 hours, that is 9 hours swifter than the previous coal batch – in late May from Panamax Alexander. The average daily…Details