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In January-November the shortage of scrap in Ukraine reached 582 thousand tons. During 11 months Ukrainian metal companies received 2.9 million tons of scrap, with their need at 3.5 million tons. The main reason for the shortage is the record low scrap procurement – 3.1 million tons, down by 22% YoY, and by 36.3% than…
DetailsInterpipe has appointed new sales directors for CIS, EU, North and South America. According to the company statement, Vera Smal has been appointed CIS sales director. She has been working for Interpipe for 13 years. Daniel Valk is now responsible for North and South America sales. Previously he worked as the general director of Poltava…
DetailsIn January-October Russian steel exports totaled 35.563 million tons, up by 3% YoY. Exports to far foreign countries accounted for 31.127 million tons. Ferrous metals exports (apart from pig iron, ferroalloys, waste and scrap) totaled 24.131 million tons, up by 4.6% YoY. Far foreign countries imported 20.859 million tons of ferrous metals. Semi-finished carbon steel…
DetailsArcelorMittal Kriviy Rih intends to invest over $100 million into the construction of the new continuous casting machine. “We plan to build another CCM with the total capacity of 1.4 million tons per year. This requires investments in the amount of $100 million. And that’s just one of the investment projects we want to implement…
DetailsIn 2016 ArcelorMittal Kriviy Rih intends to produce 7 million tons of steel. “That’s up by 10% of the plan”, the company CEO Paramjit Kahlon said. According to him, despite the high output capacities, the company experiences difficulties with raw material deliveries. In particular, AMKR has to import coal, coke and lime, as it can’t…
DetailsIn January-November Zaporozhogneupor increased refractory concrete and mass output by 14% YoY, or by 0.245 thousand tons, to 2 thousand tons. In November the company produced 165 tons of refractory concretes and masses, down by 2% YoY, or by 3 tons. Mixes output in January-November went up by 38% YoY, or by 1.433 thousand tons,…
DetailsThe Korean Trade Commission (KTC) has announced its intention to initiate an antidumping investigation on ferromanganese and silicomanganese products imported from Vietnam, Ukraine and India. The move followed a petition lodged by Korean businesses namely Dongbu Metal, Simpac Metal, Simpac Metalloy and Taekyung Industrial. The period subject to investigation is between July 1, 2015 and…
DetailsMetinvest B.V. (the Netherlands), the parent company of Metinvest international vertically integrated mining and steel group, in January-September saw consolidated EBITDA rise by 21% YoY, to $989 million. According to preliminary financial results, its revenues during the reporting period fell by 15%, to $4.568 billion, while capital investment rose by 4%, to $199 million. Metinvest…
DetailsThe cargo department at the railroad shop of the Sredneuralsky Copper Works, a part of UMCC, has purchased a new crane. The machinery costs around 12 million rubles. The crane will be used as a vibrounloader. It will be unloading open wagons with quartzite used in copper smelting. The old crane was built in 1965,…
DetailsVolzhsky Pipe Works, a part of TMK, has reached its annual continuous cast billet sales target ahead of time, having supplied over 129 thousand tons by December. Romania, Austria and Germany were the main consumers. The rest was sent to Sinara Pipe Works. VTZ is expected to overcome its target by 23% in 2016. (Ukrainian…
DetailsIzhorsky Pipe Works, a part of Severstal, has successfully passed the inspection audit on the correspondence of its quality management system to the Gazprom 9001-2012 requirements. This standard is used in design and manufacture of steel electric-welded large diameter pipes with inner and outer coating for the gas pipeline construction. “The quality management system is…
DetailsSeverstal-Metiz, a part of Severstal, has put a new patenting mill into operation, having completed another stage of the machinery modernization. Investments in the metal wares segment from the year start amounted to $20 million. The modernization of equipment will improve quality and increase output volumes of the products. The new mill has been put…
DetailsIn January-November Chukotka companies mined 26.974 tons of gold, down by 9.78% YoY. Silver output grew by 7.19% YoY, to 149.96 tons. In particular, Kinross Gold decreased output by 9.7% YoY, to 19.537 tons of gold, while silver production went up by 5.8%, to 141.127 tons. Karalveyem Mine gold output dropped by 3.06% YoY, or…
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