Following Taiwan that in mid-January announced it would join the consultations between Japan and India on the Indian steel imports limitations, Ukraine and Russia decided to do the same. According to Russia, the import limitations, imposed by India in 2015-2016, resulted in the decrease of Russian exports to India by 38% YoY in 2016, to…Details
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Yakutugol, a part of Mechel, has purchased two new excavators EKG-18 for the operation at its Neryugrinsky mine. The new machinery was purchased within the program of technical modernization of the enterprise. The cost of the two machines is around 1.2 billion rubles. The first excavator will be put into operation in March. The excavators…Details
On February 15, the Eurasian Economic Committee will hold a public hearing within the antidumping investigation of the Ukrainian hot-rolled angles supplies to the territory of the Customs Union. The investigation started in August 2016, following the complaint of Evraz ZSMK and NTMK. Severstal and MMK were also interested in implementation of limiting measures. (Ukrainian…Details
Metinvest fears the blast furnaces of its Azovstal Iron and Steel Works could decrease output to the lowest possible level because of the lack of coke. According to the group’s press-service at present all the blast furnaces are operating, as they get coke from the 3 coking batteries. But they are not enough to provide…Details
In 2016 Kuzbassrazrezugol enterprises mined 44.3 million tons of coal, including 6.2 million tons of coking coal. The annual output equals the 2015 results, but coking coal production increased by 7.2% YoY. Coal sales decreased by 1.8 million tons YoY, to 39.8 million tons. “This has to do with us increasing the coal processing. Thus…Details
In early 2017 Evraz NTMK has increased productivity at its wheel-tyre shop because of the increase in demand on behalf of Russian customers. The increase in output in 2017 is expected to reach 20%. “Wheels are one of our key products. At present we see an increased demand for this type of metal products in…Details
The Federal Service of ecological, technical and nuclear supervision has fined Boguchansk Aluminum Works and Sorsk Ferromolybdenum Works. BoAZ was checked on November 28 – December 23, 2016 and fined for 40 thousand rubles for illegal construction of heating power plants. While SFMZ was accused of violations of the waterworks safety operation, and fined for…Details
In 2016 Interpipe sold 572 thousand tons of products, down by 5% YoY. According to the company statement, pipe sales dropped by 10%, while wheel sales went up by 22%. The export share in sales reached 75%. Interpipe sold 458 thousand tons of pipes in 2016. Ukraine and Europe saw the highest growth in consumption.…Details
Energomashspetsstal will supply a batch of polygonal ingots to SSK van Schaewen Wetter. The billets will be produced of structural grade steel and will be sent to the customer in March. The weight of the lot will total 658 tons. The ingots will serve as the raw materials for the production of parts for various…Details
Magnitogorsk Iron and Steel Works shipped 1,135 million tons of galvanized steel to its consumers in 2016, the most in the company’s history. The previous record of 1,116 million tons was achieved in 2014. During the past 15 years, MMK has sustainably grown its galvanized steel output. In 2002 and 2008, the company commissioned two…Details
Rusal has completed the debut offering of Eurobond with the following key terms: principal amount of $600 million, tenor 5 years, coupon rate 5.125% per annum. The bond proceeds will be used to refinance some of Rusal’s existing pre-export finance facility and improve the company debt maturity profile. «The company received very strong demand for…Details
NLMK Group, an international steel-making company with operations in Russia, Europe and the USA, announces the appointments of Anatoly Khebnev as Vice President for Procurement and Dmitry Kolesov as Vice President for Maintenance. The position of Vice President for Maintenance of NLMK Group is newly introduced. Dmitry Kolesov had been NLMK’s Director of Maintenance Planning…Details