In January, according to the railways statistics, direct deliveries of ferrous scrap to the Magnitogorsk Iron and Steel Works totaled 98 thousand tons. This is down by 42.7% MoM, but up almost 5 times YoY. This is also the highest result for January for the last 10 years. And MMK is still the leader in…
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DetailsIn January Russia produced 4.3 million tons of steel, up by 11.5% YoY, but down by 3.6% MoM. Pig iron output grew by 4.6% YoY, to 4 million tons, with rolled metal production up by 3.2%, to 4.5 million tons. According to Rosstat, steel pipes manufacture increased by 13.4%, to 0.442 million tons. (Ukrainian metal)
DetailsIn January raw zinc output in Russia increased by 1.2% YoY. According to the Federal Service of State Statistics, on the other hand the January result was 9.4% below the December 2016 result. (Ukrainian metal)
DetailsIn 2016 the Petropavlovsk Group opened the Elginskoye gold deposits (Amur region). The reserves at the deposits are estimated at 56.2 million tons of ore with 72 tons of gold and 14 tons of silver. “I believe that Elgisnkoye deposits hides much more in terms of resources and reserves. It is much larger than our…
DetailsIn 2016 almost all of Rusal Siberian plants increased aluminum output. In particular, Bratsk Plant – by 0.1%, to 1.005 million tons, Krasnoyarsk Plant – by 1.2%, to 1.024 million tons, Sayanogorsk Plant – by 0.9%, to 530 thousand tons, Novokuznetsk Plant – by 1.8%, to 213 thousand tons, Irkutsk Plant – by 1.2%, to…
DetailsIzhorsky Pipe Works, a part of Severstal, will supply 100 thousand tons of large diameter pipes for Gazprom’s Sila Sibiry (Power of Siberia) pipeline. The company will produce 1420 mm diameter pipes of K60 steel with inner and outer anticorrosion polyethylene coating. Since 2014 ITZ has shipped over 250 thousand tons for the pipeline project.…
DetailsStandard & Poor’s Ratings Services (S&P) has revised its outlook on Metalloinvest from Negative to Stable. S&P also affirmed the company’s ‘BB’ long-term corporate credit rating. According to S&P’s latest report, the upgrade to a Stable outlook reflects positive iron ore price trends, as well as actions taken by Metalloinvest’s management team to deleverage and…
DetailsYenakievo Iron and Steel Works and Krasnodonugol, both subsidiaries of Metinvest Group, have halted operations. Production has been disrupted by the ongoing armed hostilities and a blockade of railway transportation between the controlled and the uncontrolled territory of Ukraine. Since the beginning of the conflict in the region, Yenakievo Steel has experienced erratic supplies of…
DetailsPJSC “ArcelorMittal Kriviy Rih”, the largest mining and metallurgical plant of Ukraine, will invest $400 million (CAPEX and OPEX) in the development of the plant in 2017. The company will invest funds in modernization of production, improvement of the environment, capital repairs of equipment and construction of new units, including the second LF-CC and coke…
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