In January-August Russia imported 2.76 million tons of ferrous metals, down by 1.63% YoY. Far foreign countries supplied 1.81 million tons of ferrous metals. According to the Federal Customs Service, steel imports (not counting pig iron, ferroalloys and scrap) decreased by 8.59%, to 2.28 million tons. Steel pipes imports grew by 19.76% YoY, to 0.29…
DetailsIn January-August Russia exported 28.65 million tons of ferrous metals, up by 3.4% YoY. According to the Federal Customs Service, pig iron exports went up by 3.6%, to 3.39 million tons, that of carbon steel semi-finished products – by 3.8%, to 9.72 million tons, all YoY. In monetary terms ferrous exports fell by 16.6% YoY,…
DetailsMachine-building works of Corum Group are loaded at more than 100%. “Our clients are returning to their old investment projects. The underground mining equipment sees the largest demand. This is all due to the increase of demand for and prices of coking coal and the preparation to the heating season”, said the company CEO Yakov…
DetailsMetinvest doesn’t see steel prices growing considerably in 2017. “We believe everything will be on this year’s level”, Yuri Ryzhenkov, Metinest CEO, reported. According to him, results of the antidumping investigations by EU will be important for Ukrainian producers. “From the point of view of Ukrainian manufacturers, everything depends on antidumping investigations. If they end…
DetailsMonth Russian market, $/t, EXW, without VAT, $1/RUR64.91* min max July 493 493 August 493 493 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 31.08.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)
DetailsNLMK Group, an international steel producer with operations in Russia, Europe and the USA, and KAMAZ, Russia’s leading heavy-duty truck manufacturer, have held their first Coordinating Council. At a meeting held in Naberezhnye Chelny, the two companies discussed steel deliveries, as well as the possibility of manufacturing new machinery for NLMK, including with the use…
DetailsThe Chelyabinsk Iron and Steel Works (a part of Mechel) has completed the overhaul of equipment at its sintering factory that produces raw materials for pig iron manufacture. Some spare parts of the gas treatment equipment have also been replaced. Some 80% of the sintering factory equipment was subject to repairs. (Ukrainian metal)
DetailsMonth Russian market, $/t, EXW, without VAT, $1/RUR64.91* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.489* min max min max July 129 143 146 161 August 131 150 146 161 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 31.08.16 according to the National Bank of Ukraine and the Central Bank of the…
DetailsIn 2016 steel consumption in Ukraine is expected to increase by 30% YoY, to 4.4 million tons. In 2015 steel consumption dropped by 21.6% YoY, to 3.3 million tons. In 2017 analysts expect steel consumption to grow by 6% YoY, to 4.6 million tons. Steel consumption in Russia in 2016 will drop by 3.6% YoY,…
DetailsThe casting shop of Sayanogorsk Aluminum Works (a part of Rusal) has finished modernizing the automated management system of the homogenization line No. 1. The upgraded system makes the line operation more efficient and reliable. “The homogenization line improves the structure of extrusion billets with the help of thermal treatment”, said the SAZ executive director…
DetailsMonth Ukrainian market, $/t, without VAT, EXW, $1/UAH25.489* min max July 245 397 August 256 390 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 31.08.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)
DetailsMetinvest Group approves of the steps taken by the government to support the industry, but at the same time calls for strategic decision making in settling transparent and understandable rules on the market, including scrap market. According to the group CEO Yuri Ryzhenkov, the decrees on cancellation of 5% import duty on scrap and the…
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