Gaysky Mining and Processing Works has purchased new mills for its repair-mechanical plant under the program to replace and modernize outdated machinery. Investments this year total 2 billion rubles. Since the start of the year over 20 units of mining machinery, both domestic and imported, have arrived at the enterprise. Two milling machines valued at…Details
Mikhailovsky Mining and Processing Works has become the winner of the MMK supplier competition in the category of iron ore pellets. “The main criteria of the competition are the quality of the products, their demand, as well as the innovative and scientific-technical component”, MGOK commercial director Ivan Buyanov said. “The iron ore raw materials purchased…Details
In January-June Severstal increased steel output by 6% YoY, to 6.03 million tons. Pig iron manufacture grew by 1%, to 4.61 million tons. At the same time in Q2 pig iron output dropped by 4%, to 2.26 million tons, and steel – by 1%, to 3 million tons. Overall steel sales in H1 increased by…Details
Metinvest has attracted a loan of 43.2 million euros for 7 years to finance the Mariupol Ilyich Iron and Steel Works. The loan is covered by the Austrian export guarantee issued by Oesterreichische Kontrollbank AG. The money will be spent to finance the construction of the continuous casting machine No. 4 at Mariupol Ilyich by…Details
Ukraine’s Economic Development and Trade Ministry says the European Commission has decided to impose preliminary protective measures within an investigation into metal products, introducing tariff quotas for imports of 23 types of such produce for 200 days from July 19. “Tariff quotas will be applied on the basis of the “first come, first served” principle.…Details
Metinvest, the vertically integrated group of steel and mining companies, has settled another part of its pre-export finance (PXF) facility ahead of schedule. This underscores the group’s pledge to lower debt further following the conclusion of the debt refinancing in April, the largest transaction by a Ukrainian corporate to date. In it, Metinvest refinanced $2,271…Details
Miners of Lviv region have started receiving salary for June. According to the Lviv Regional State Administration press-service, the state enterprise Lvivugol has received 12 million UAH from the sale of coal. All the money was spent to pay salary for June. It is reported that miners received 9% of the overall amount of June…Details
In January-May, according to the customs statistics, imports of seamless pipes of corrosion-resistant steel totaled 22.1 thousand tons valued at $61 million, up 2.9-fold and 1.6-fold YoY respectively.
This is the largest volume of imports in the past 7 years.
The main supplier is Kazakhstan (60%), followed by China (19%) and Ukraine (5%). (Ukrainian metal)
In January-May, according to the customs statistics, Russia imported 109.3 thousand tons of corrosion-resistant steel valued at $250 million, down by 2.3%, but up by 4% YoY respectively. Rolled metal with the sheet width of 600 mm accounts for some 90% of the imports. China is the main supplier (46%), followed by Taiwan (15.5%). Spain…Details
In May, according to the customs statistics, Russia exported 8.3 thousand tons of corrosion-resistant steel scrap valued at $8 million, up by 81% and by 75% YoY respectively. In January-May exports grew by 19.2% YoY, to 39.9 thousand tons, valued at $41.5 million, up by 23.5%. 8%-nickel containing scrap accounted for 75% of the total…Details
Severstal board of directors has recommended paying dividends for April-June in the amount of 45.94 million rubles.
The voting on the issue will be held at the next shareholders meeting scheduled for September 14.
The list of the shareholders entitled for the dividend payment will be created on September 25. (Ukrainian metal)
Zlatoust Electrometallurgical Works is carrying out a campaign to expand grade and size portfolio. Each month manufacture of a new type of product is mastered. In July the company started producing corrosion-resistant alloy on the basis of nickel. According to the tests, the quality of the slabs corresponds to all the technical conditions and GOST…Details
In January-June Izhstal produced 224 thousand tons of metal products, up by 9% YoY. Rolled metal manufacture increased by 12%, to 193 thousand tons. Sales of steel with special treatment of surface grew by 8%, of stainless grades without nickel – by 43%, and of speed steel – by 18%. Sales to the machine-building enterprises…Details
In January-June the Industrial Metallurgical Holding mined 1379 thousand tons of coking coal, up by 20% YoY. Pig iron output at Tulachermet grew by 3%, to 1201 thousand tons, mostly because of the blast furnace No. 3 modernization in 2017. Coal concentrate mining reached 1202 thousand tons, down by 4%. Iron ore output dropped by…Details
In January-June Ukraine mined 16.495 million tons of coal, down by 10.5% YoY. According to the Ministry of energy and coal industry, coking coal mining decreased by 8.2%, to 3.205 million tons and power-generating coal – by 11.1%, to 13.293 million tons. In June coal output dropped by 1.7% YoY, to 2.599 million tons. The…Details
The president of Russia Vladimir Putin has marked the environmental initiatives of Magnitogorsk Iron and Steel Works (MMK) with a letter, sent to the company’s employees, in the course of the celebrations of the Day of the Metallurgist. The letter from the Russian president reads: “I thank you for the active part you have played…Details
Russia’s output of unrefined and semi-refined or powder platinum decreased by 10% YoY and by 15.3% MoM in June, the Federal State Statistics Service said in a statement without disclosing absolute figures. Silver output fell by 17% YoY, but rose by 16.4% MoM. In January-June output of platinum grew by 1.4% YoY and of silver…Details
Russian steelmaker Novolipetsk Steel (NLMK) will continue exports of metal products to the E.U. as usual after the union’s introduction of temporary protective duties, a representative of the company reported. “We expect the tariff quotas to allow us to continue supplies as usual,” the NLMK representative said. The E.U. earlier introduced protective tariff quotas on…Details
In January-June Kazakhmys produced 123.056 thousand tons of copper cathodes, down by 2% YoY.
The copper contents in the ore dropped from 0.94% to 0.93%.
In mid-term Kazakhmys intends to increase copper output to 250 thousand tons per year. (Ukrainian metal)
In H1 Severstal e-store customers placed orders for over 1 million tons of steel products, up 2.5-fold YoY. In the whole 2017 the e-store received 1.3 million tons worth of orders. The company is developing the e-store. For example, now it is possible to order the delivery via water transport. It is planned that by…Details
According to the Association of the stele construction development (ARSS), in Q1 metal structures for construction output increased by 10% YoY. Since 2011 the growth has reached 29%. The Far Eastern Federal District demonstrated the highest growth – 2-fold. Since the beginning of the year the number of construction agreements concluded in Russia has increased…Details
In June the Volgogradsky subsidiary of Severstal Steel Ropes produced 624 tons of large diameter ropes. The ropes were produced on the new machine commissioned in 2017. The machine produces 6- and 8-strand steel ropes with the diameter of 28 to 100 mm used in mines and on excavators. “The output was 2 times as…Details
In April-June TMK sold 1.075 million tons of pipes, up by 10% QoQ. In H1 the combined pipe sales grew by 14% YoY, to 2.056 million tons, mostly because of the sales growth in America. TMK retains its forecast for this year unchanged and expects OCTG pipes demand in Russia to remain on the high…Details