In January-March enterprises of Kuzbassrazrezugol, a part of UMMC, mined 10.8 million tons of coal, including 1.5 million tons of coking coal, up by 300 thousand tons YoY. The group sold 10 million tons of coal, up by 500 thousand tons YoY, with 2.9 million tons delivered to the local consumers and 7.1 million tons…Details
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Russia is capable of considerably substituting aluminum imports by 2020. According to the Aluminum Association, at present Russia imports some 250 thousand tons of aluminum products. This is mostly aluminum plates, sections, etc. “Our aluminum industry has enough potential to manufacture these products. By 2020 semi-finished products imports could de substituted with local products at…Details
The Cabinet of Ministers is carrying out a number of projects to decrease coal consumption. According to the Prime Minister Vladimir Groysman, the construction of the electricity line from Rovenskaya NPP to Kievskaya substation will allow saving some 1.44 million tons of coal per year. Reconstruction of Dnestr HNPP will yield the economy of 700…Details
In January-March the volume of industrial output in Donetsk region (not counting the antiterrorist operation zone) decreased by 9.1% YoY, in March the drop was 8.2% MoM and 21.8% YoY. March saw the decrease in metal output by 1% MoM and by 12.4% YoY, and coke – by 8% and by 42.4% respectively. Coal mining…Details
In March, according to the railroad statistics, Chelyabinsk Iron and Steel Works received 3632 tons of ferrous scrap, down by 28% MoM and by 30% YoY. For the last 5 months scrap deliveries to the works (below 4 thousand tons) have been the lowest in 10 years. In Q1 scrap deliveries totaled 13.5 thousand tons,…Details
In January-February Russia imported 252 thousand tons of steel products from Ukraine, up 2.2-fold YoY. According to the Federal Customs Service, the cost of imports reached $150 million, up 3.2-fold YoY. Flat rolled steel accounts for 50% of imports, up 1.64-fold YoY, with value up 3.3-fold. 40% falls on shapes and bars (up 4.5-fold and…Details
In January-March Mechel-Materials almost doubled the grinded slag production, to 40 thousand tons. The grinded slag improves concrete characteristics. Mechel-Materials started manufacturing this product in 2014. In the production the blast slag from Chelyabinsk Iron and Steel Works is used. (Ukrainian metal)Details
Magnitogorsk Iron and Steel Works (MMK) has developed a new English version of the metal products catalogue for the automotive industry. The new catalogue of products with references to car parts will help carmakers choose the required steel grades depending on the purpose of the end product (part). The catalogue includes pictures of various parts…Details
The board of directors of Magnitogorsk Iron and Steel Works (MMK) has approved a new dividend policy, under which the company will raise its dividend payout to at least 50% of its free cash flow from 30%, Board Chairman Viktor Rashnikov said. “The new payment plan says the company will allocate at least 50% of…Details
Amurmetall, the only steel producer in Russia’s Far East, plans to reach production capacity of 1 million tons per year soon, the Khabarovsk region’s Head Vyacheslav Shport said. In February 2015, Amurmetall plant was undergoing bankruptcy, and put to auction at a price of 9.07 billion rubles. The auction failed due to the lack of…Details
Severstal Steel Solutions, a part of Severstal Russian Steel, has started supplying metal structures for the construction of a coal thermal power plant in Yakutia. By May 25, the company will have supplied 1 thousand tons of metal structures. All the products are shipped directly from the Severstal shop to the construction site via railroad.…Details
In 2016 Mechel received 276 billion rubles of revenue, with EBITDA at 66.2 billion rubles and net profit of 7.1 billion rubles. “Steel and raw materials markets last year had a lot of surprises. The year started with the steel price increase, then the coal market revived, and by December 2016 coal prices reached their…Details