The idea of creating a very large metal company is still important for Russia, USM Holding chairman Alisher Usmanov believes. “There is an oil giant. There is also a gas giant, even though with the state-controlled stake. There is a bank giant. While in the mining and metallurgical sector everything is split up. So we…Details
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PJSC MMC Norilsk Nickel has entered into a transaction to buy copper concentrate from the state Rostec Corporation with an estimated volume of 1.5 million tons, containing base and precious metals. The transaction value will be approximately 67.5 billion rubles. The Board of Directors of the company approved of the purchase of this concentrate taking…Details
Month Russian market, $/t, EXW, without VAT, $1/RUR64.9* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.499* min max min max October 390 756 415 420 November 390 756 457 457 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 30.11.16 according to the National Bank of Ukraine and the Central Bank of the…Details
The Ministry of economical development of Russia believes that in 2017 metal and metal wares output will grow by 1% YoY, with 1.6% and 1.8% growth forecast for 2018 and 2019. Rolled metal growth will be slower (less by 1%), but by 2019 Russia will be producing 61 million tons of rolled metal per year…Details
In January-November raw magnesium output in Russia went up by 2.7% YoY, and of magnesium alloys – by 1.6%. According to the Federal Service of State Statistics, in November raw magnesium output increased by 6% YoY, but dropped by 3.2% MoM. Magnesium alloys production decreased by 19.1% MoM, but increased by 10.1% YoY. (Ukrainian metal)Details
Month Ukrainian market, $/t, without VAT, EXW, $1/UAH25.499* min max October 305 305 November 320 320 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 30.11.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)Details
Kola MMC joined the Zero Environmental Impact intiative launched by The Bellona Foundation, an international environmental NGO. The purpose of the effort is to cut down the industrial emissions by means of the companies’ voluntary agreeing to short-term voluntary operation shutdown (where permitted by the production processes). The Zero Environmental Impact event was held on…Details
In 2018 Severniy Mining and Processing Works intends to increase concentrate output by 23%, to 15 million tons. According to the company CEO Pavel Timoshenko, in 2016 the works plans to mine 28864 thousand tons of ore and produce 13 million tons of concentrate and 9.19 million tons of pellets. (Ukrainian metal)Details
Month Ukrainian market, $/t, without VAT, EXW, $1/UAH25.499* min max October 273 273 November 273 273 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 30.11.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)Details
NLMK Group, an international steelmaking company with operations in Russia, Europe and the USA, has appointed Dmitry Stopkevich the new CEO of NLMK Russia Long Products Division (NLMK Long Products), one of the largest manufacturers of long products and metal ware in Russia. The division was previously managed by Grigory Fedorishin, who was appointed Head…Details
In November Ukraine exported $186.2 million worth of iron ore, with imports on the level of $3.69 million. According to the State Fiscal Service, the main importer of Ukrainian iron ore in November was China ($54.73 million). In January-November Ukraine exported $1607.6 million worth of iron ore, while imports stood at $70.86 million. (Ukrainian metal)Details
ArcelorMittal Kriviy Rih says it has paid in full for the damage done to the Ukrzaliznytsia wagons. “All the damaged wagons have been repaired and returned to Ukrzaliznytsia. All the loses have been 100% compensated”, the company said in a statement. The company also said, that even having direct contacts with Ukrzaliznytsia it still had…Details
Chelyabinsk Iron and Steel Works, a part of Mechel, produced the 140-millionth ton of sinter at its sintering factory No. 2. The manufacturing site comprises 4 sintering machines and produces some 5 million tons of sinter per year. Sintering factory No. 2 was put into operation in 2005. The investment project cost $150 million. The…Details