Taganrog Iron and Steel Works has produced a trial batch of pipes with external upset ends for TMK Neftegazservis-Buzuluk. The first batch of pipes with 73 mm diameter was made at the SMS Meer press. The need to start producing such pipes was due to the increasing demand from oil industry. (Ukrainian metal)Details
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Mariupol Ilyich Iron and Steel Works goes on expanding its range of rolled sheet at 1700 shop. “We’ve started making 1.2×1000 mm rolled metal of 08PS low-carbon steel. Such products are in demand now. They allow to substitute the expensive cold-rolled coils with cheaper hot-rolled ones”, said the company CEO Yuri Zinchenko. The works has…Details
Zaporizhstal has invested 630 million UAH in new gas-purifying systems at its sintering machines No. 3-6 and has started construction at the SM6. The foundation works have been completed, over 300 tons of metal structures have been erected, gas-purifying equipment at sintering machine No. 6 is being assembled. This is the last sintering machine at…Details
The Canadian International Trade Tribunal (CITT) has prolonged the antidumping duties on the imports of carbon steel and alloyed hot-rolled sheet originating from Brazil, China and Ukraine for 5 years. CITT has decided that such imports harm Canadian manufacturers of these products. At the same time, the tribunal has canceled the corresponding duties in respect…Details
Russia’s copper reserves were over 100 million tons as of 2015 year-end and they are not depleted at all, Minister of Natural Resources Sergey Donskoi said. “Russia is world’s third by copper resources and overcame the level of 100 million tons in 2015, and is sixth by production, supporting near 4-5% of global production”, Donskoi…Details
Russian President Vladimir Putin issued a number of assignments after the meeting on rare-earth metals production and consumption held in Velikiy Novgorod on July 29, website of the Kremlin said. In particular, the government is tasked “to consider reduction of the mineral extraction tax (MET) rate in respect of rare and rare-earth metals” by December…Details
NLMK Group has begun commercial operation of a hydrogen unit that generates hydrogen from natural gas through vapor reforming at VIZ-Steel in Yekaterinburg, where hi-tech transformer (grain-oriented) steel is produced. This project will provide a three-fold reduction in the cost of hydrogen production. The new technology, which replaces expensive electrolysis, requires 30 times less energy…Details
Month Russian market, $/t, EXW, without VAT, $1/RUR64.2575* Ukrainian market, $/t, without VAT, EXW, $1/UAH24.854* Export, Ukraine, $/t, FOB Black sea ports Export, Russia, $/t, FOB Black sea ports min max min max min max min max May 511 750 394 528 505 510 518 574 June 556 750 435 487 410 440 410 430…Details
At a meeting held on August 12, NLMK Group’s Board of Directors recommended NLMK shareholders to approve of payment of Q2 dividends at the upcoming Extraordinary General Shareholder Meeting (EGM) to be held on September 30. NLMK Group’s Board of Directors recommended NLMK shareholders to approve of Q2 dividends of 6,473 million RUB, or 1.08…Details
ChelPipe Group has announced IFRS Financial Results for H1 2016. According to its press release, the gross profit went up by 2% to 21,94 million rubles, with EBIDTA growing by 2,5 million rubles. The EBITDA margin rose by 5.7% to 24.7% as a result of the improved shipments structure, in particular, increased OCTG share and…Details
ArcelorMittal Kriviy Rih is implementing a major investment program on development valued at $1.2 billion. Among other things the company plans to reconstruct converter shop and build new has-purifying machines. Also AMKR intends to develop its rolling manufacture, switch its MS 250-4 shop to 150 mm square billets and construct a new rod line at…Details
Evraz Yuzhkoks has started producing coke of premium quality with 62.4% strength after reaction (CSR). According to the company statement, previously this index was on the level of 50-55%. “This increases the competitiveness advantages of our works and lets us expand sales markets, including foreign ones”, said the company. Strength after reaction is one of…Details
Month Russian market, $/t, EXW, without VAT, $1/RUR64.2575* min max May 586 731 June 586 783 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 30.06.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)Details