Kazakhstan to lose Russian coal market

The prime minister of Kazakhstan Bakytzhan Sagintayev said that the country might soon lose the Russian coal market. “We have long been witnessing that Russia has been decreasing coal purchases. And the technologies are developing fast. Soon we might lose the market that we have today. We need to think of some other ways”, he…

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Russia: MMK output up in 2016

MMK Group’s total crude steel output in 2016 reached 12,544 thousand tons, up by 2.5% YoY. Overall steelmaking capacity utilization at the main Magnitogorsk site (subject to maintenance schedule) amounted to 89% (from 84% in FY 2015). MMK Group’s total finished steel product shipments in 2016 (excluding intra-group sales) amounted to 11,570 thousand tons, up…

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