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The high level of world prices allowed Severstal to demonstrate flexibility of distribution channels and increase exports in Q1. “We expect the increase of steel demand in 2018. In 2017 the demand grew by some 5% in Russia, and this year it could grow by 2.6% more, following the GDP increase and the restoration of…
DetailsIn February Russia exported 380.4 thousand tons of ferrous scrap, up by 11% MoM and by 89% YoY. In January the results were down by 45.6%, but up by 38.7% respectively. According to the customs statistics, in January-February Russia exported 723.3 thousand tons of scrap, up by 61.2% YoY, and the highest result in the…
DetailsLate on April 16 there was an explosion of an air-methane mixture at the Pokrovskaya mine in Donetsk region. The explosion occurred at the depth of 470 meters on the second south long face. 7 miners were injured. They have been taken to the hospitals in the cities of Kramatorsk and Mirnograd. (Ukrainian metal)
DetailsMajor Japanese trading houses have asked UC RUSAL to stop shipping refined aluminum and other products in light of U.S. sanctions on the world’s No. 2 producer and are scrambling to secure metal elsewhere, Reuters reported on April 17 citing industry sources. The U.S. imposed major sanctions on April 6 against seven Russian oligarchs and…
DetailsMechel has rented 10 BelAZ dump trucks within the agreement with the State Transport Leasing Company. According to Mechel statement, the total cost of the agreements is 900 million rubles ($14.5 million). The new machinery with the lifting capacity of 90 tons has already been transported to Korshunovsky Mining and Processing Works. 6 dump trucks…
DetailsIn January-March MMK produced 3.147 million tons of steel, up by 2.7% YoY, but down by 4.4% QoQ. Pig iron output grew by 1.3% YoY, but dropped by 9.4% QoQ, to 2.404 million tons. Metal sales increased by 1.6% QoQ, to 2.83 million tons. Coal concentrate manufacture at MMK-Ugol reached 666 thousand tons, down by…
DetailsThe company with deepest regrets informs, that on April 17 due to a massive traffic accident in Kriviy Rih 8 people died and 21 people got injured, among them most were the employees of PJSC ArcelorMittal Kriviy Rih. Management of PJSC ArcelorMittal Kriviy Rih took the decision to provide financial support from the company to…
DetailsUkrgazvydobuvannya has concluded 2 agreements with Interpipe Ukraine LLC for the delivery of pipes valued at 180.93 million UAH. This year the company has to supply 3588 tons of various compressor-pump pipes manufactured by Interpipe Niko Tube LLC at 49698-51552 UAH per ton. Last year Interpipe sold such pipes to Ukrgazvydobuvannya 2% cheaper, at 48419-50545…
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