In May Ukrainian metal companies received 280 thousand tons of scrap, or 100% of the need. In April they received 290 thousand tons of scrap, or 95% of their need. In January-May 1.3 million tons of scrap were delivered to metal works, up by 9% YoY, and 85% of the need. In May scrap stocks…Details
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Ukrmetallurgprom forecasts steel output in July on the level of 1.7 million tons. According to the company statement, Ukraine will also produce 1.6 million tons of pig iron and 1.4 million tons of rolled metal. The current average daily output (in 12 days of June) is on the May level. As of June 13, 17…Details
In May consumption of gas by metal companies increased by 15 million cubic meters MoM, to 135 million cubic meters. Average daily gas consumption in May totaled 4.4 million cubic meters. In January-May metal companies consumed 765 million cubic meters of gas, up by 4% YoY. Average daily consumption was 5.1 million cubic meters against…Details
ArcelorMittal Kriviy Rih has spent 55 million UAH to buy 2 BelAZs with the lifting capacity of 130 tons for its mining transportation shop. The trucks will carry ore and rock from the third and the fourth quarries of the mining division. “We have received 2 BelAZs, these are modern machines. We are sure they…Details
In January-May Chukotka autonomous district mined 9812 kg of ore gold and 340 kg of silver, down by 12% and by 13% YoY respectively. Alluvial gold was not produced. At present 5 companies mine for gold. Chukotka Mining Company mined 3946 kg of gold (down by 10.5%) and 49.3 tons of silver. Severnoye Zoloto mined…Details
The National agency of welding control has confirmed the quality of the welded copper-plated wire of MMK-S3MoTiB grade with the diameter of 3, 4 and 5 mm according to TU 14-4-1877-2004 produced by MMK-Metiz. The corresponding certificate has been issued. The wire could be used in the construction of North Stream 2. (Ukrainian metal)Details
In May Belarus Iron and Steel Works received $109 million, stocks at the warehoused totaled 10251 tons (6.3% of the total volume) and exports reached 188.6 thousand tons valued at $92.4 million. The company shipped to 46 countries, and has resumed operation in Africa and Neat East. In May Belmet (Austria) started operating in Serbia,…Details
The Pipe Metal Company held an annual meeting of the shareholders in Yekaterinburg on June 8. The shareholders have elected the board of directors and the revision commission. Ernst and Young LLC has been appointed the auditor. The meeting decided to pay dividends for 2016 in the amount of 1.96 rubles per ordinary share (2.024…Details
American pipe manufacturers suspect the Canadian company of the Russian Evraz in dumping. They have also said that the pipe imports from Canada threaten the national security. Pipe manufactures have called on the authorities to limit imports. American manufacturers are dissatisfied with the decision of Cheniere Energy to choose Evraz as the main supplier of…Details
In January-May Ukraine increased rolled metal export revenue by 20% YoY, to $2.7 billion. According to Ukrmetallurgprom, in 5 months Ukraine exported 6.2 million tons of rolled metal, down from 7.8 million tons in January-May 2016. The export share in the total volume of rolled metal produced dropped to 83% from 84%. The share of…Details
Rosterminalugol JSC, the largest dedicated coal port in the Baltic region, a part of Russia’s largest coal port holding Port Management Company LLC, has exported 10 million tons of coal this year. The milestone ton was loaded on June 12 onto Post-Panamax Nordic Odin, the 151st vessels handled from the year beginning (the 11th in…Details
The state-owned nanotechnology company Rusnano plans to sell its 49.89% stake in the Eterno facility, a white metallurgy joint venture with Chelyabinsk Pipe-Rolling Plant, or ChelPipe, for at least 4.72 billion rubles, Rusnano said in a statement on June 13. Preliminary bids are collected until July 5, the company plans to close the deal until…Details
The Ukrainian Stock Exchange intends to stop sales of Alchevsk Coke and Chemical Works, Alchevsk Iron and Steel Works and Zaporizhstal shares. According to the stock exchange, the decision has been taken because the companies have not disclosed their annual information. At the same time, the decision can be cancelled, if the companies disclose their…Details