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
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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
In January-June CHTPZ Group pipe companies (Chelyabinsk pipe-rolling and Pervouralsk New Pipe Works) have shipped 865 thousand tons of steel pipes to consumers, down by 19% YoY, or by 206 thousand tons. The decrease is explained by the drop in the large diameter pipes (LDP) demand. This trend is observed at all major Russian manufacturers.…Details
Month Ukrainian market, $/t, without VAT, EXW, $1/UAH24.854* min max May 510 565 June 412 429 * – 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
Because of the Ukrzaliznytsia problems with cargo transportation, metal works suffer from raw materials deficiency and lose market opportunities and export revenues. “Weak spots in railroad infrastructure, shortage of locomotives and fuel, ineffective coordination of Ukrzaliznytsia resources cost our country some $1.8 billion of not received foreign currency revenues in metal sector. And that’s almost…Details
Ukrmetallurgprom forecasts steel output on the level of 2 million tons in September, with pig iron also at 2 million tons and rolled metal at 1.7 million tons. After the drop in June, affected by the railroad strike in Donetsk and Lugansk regions, July saw a certain stabilization of raw materials delivery to metal companies…Details