Russia: MMK modernizing plate capacities

Magnitogorsk Iron and Steel Works has decided to modernize its continuous casting machine No. 6 and the 5000 plate mill in order to start producing hot-rolled metal of the 350 mm thick slab. The project, including modification, assembly and putting into operation, is expected to be finished this year. At present the CCM No. 6…

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Ukraine: pig iron exports down in February 2017

In February Ukraine exported $31.203 million worth of pig iron, with imports on the level of $0.223 million. According to the State Fiscal Service, the main importer of Ukrainian pig iron in February was Italy ($10.166 million). In January-February Ukraine exported $99.642 million worth of pig iron, while imports totaled $0.286 million. Pig iron exports…

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Russia: Taltech to increase coal output

The authorities of the Kemerovo region and the Taltech group have signed an agreement on the socio-economical cooperation in 2017. This year Taltech intends to increase coal output by 13.5%, to 4.2 million tons. Investments of 300 million rubles will be spent on engineering and construction of enterprises as well as the purchase of new…

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Russia: steel structures output down in January-February 2017

In January-February Russia produced 580 thousand tons of steel structures and parts, down by 14.5% YoY.

According to the Federal Service of State Statistics, in February steel structures output increased by 18.8% YoY and by 14.8% MoM. (Ukrainian metal)

Ukraine: AMKR to invest $400 million in overhauls in 2017

In 2017 ArcelorMittal Kriviy Rih will invest some $400 million into the capital repairs of its premises and machinery. “Around 70% of projects is the modernization of techniques and the improvement of the environment”, the company CEO Paramjit Kahlon said. In particular, capital investments will total $250 million. Last year AMKR invested 6.3 billion UAH…

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Ukraine: Metinvest enterprises in uncontrolled areas cancel all letters of attorney

The enterprises of Metinvest mining and metallurgical group in the territories of Donetsk and Luhansk regions, temporarily uncontrolled by Ukrainian authorities, have announced the cancellation of all the letters of attorney they issued earlier. According to the announcement, the letters of attorney were canceled by PJSC Yenakievo Iron and Steel Works, PJSC Khartsyzsk Pipe Works,…

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Russia: copper concentrate output flat in January-February 2017

In January-February Russian output of copper concentrates remained flat YoY.

According to the Federal Service of State Statistics, in February copper concentrate production dropped by 7.3% YoY and by 5.6% MoM. (Ukrainian metal)