Severstal Russian Steel has chosen a supplier of the main machinery for the modernization of the steel degassing machine at Cherepovets iron and Steel Works. Danieli & C. Officine Meccaniche S.p.A. will supply the machinery. The first deliveries are expected until the end of 2020. The commission of the modernized machine is scheduled for Q2…Details
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Zlatoust Electrometallurgical Works has repaired the billet mill-750 shearing press. The repair lasted for 5 days. The billet mill-750 produces rolled billet for further rolling at the mills-400 and 280, as well as round bars with the diameter of 90 to 210 mm, square bars with the size of 85 to 160 mm and flat…Details
Bidzhu Nair has been appointed a new CEO of ArcelorMittal Temirtau. The new director was presented to the company by Lakshmi Mittal on November 10. Nair previously held the office of the ArcelorMittal Zenica CEO. Since May 1, 2016 AMT has been chaired by Paramjit Kahlon, the CEO of ArcelorMittal Kriviy Rih. (Ukrainian metal)Details
The international ratings agency Moody’s Investors Service has changed its outlook on Ferrexpo plc rating from stable to positive. At the same time the Ferrexpo Group of Companies corporate rating has been confirmed on the B3 level and the default rating on B3-PD. The change follows the amendment of the Ukrainian government rating from stable…Details
This year the scrap procurement in Ukraine is expected to fall to 3.1 million tons. According to the UAvtormet Association, in January-November 2.8 million tons of scrap were procured, down by 14.6% YoY. Scrap deliveries to metal companies dropped by 6.9%, to 2.8 million tons. Exports in 11 months fell by 87.2%, to 40.9 thousand…Details
The current regulations do not allow Ukrzaliznystia to efficiently operate on the scrap market. “The scrap prices change very quickly. We cannot catch up with them with the current regulations”, the company director on legal issues and property policy Arthur Reznik declared. “According to our calculations, it takes us 3.5 months to start the selling…Details
Estonia-registered NT Marine has received a right to supply over 600 thousand tons of cocking and power-generating coal from Russia to Ukraine in December. This is almost 50% of all imports. In November Kuzbassrazrezugol, Evraz, NLMZ and MMK were allowed to supply coal. Russia supplies some 1.2-1.3 million tons of coal and coke to Ukraine…Details
In January-November Ukraine exported 3.68 million tons of hot-rolled flat metal with the width of 600 mm valued at $1.85 billion, up by 3%, but down by 8% YoY respectively. According to the State Tax Service, Russia accounted for 14.7% of exports, Turkey – 12.7% and Poland – 9.3%. At the same time cold-rolled metal…Details
In November the First Cargo Company transported 1.5 million tons of iron ore, up by 18% YoY. Northern Railroad increased transportation by 10%, to 59 thousand tons, Sverdlovsk – by 15%, to 36 thousand tons, Krasnoyarsk – 3-fold, to 11 thousand tons, Zabaikalye – 21-fold, to 14 thousand tons and Far Eastern – by 26%,…Details
In January-November the West-Siberian railroad transported 8.1 million tons of cargo in Altai region, up by 0.6% YoY. In particular, transportation of non-ferrous metals ore grew by 1.1%, to 93 thousand tons. (Ukrainian metal)Details
In November Cherepovets Iron and Steel Works metal sales via railroad totaled 0.68 million tons, up by 35% MoM, but down by 6.2% YoY. In January-November sales grew by 2.1% YoY, to 7.35 million tons, the highest result for the month in the past 8 years. Deliveries to Russian customers increased by 13%, to 5.59…Details
In January-November Russian seaports transported 766.8 million tons of cargo, up by 2.7% YoY. According to the Association of Sea Trade Ports, transportation of coal grew by 7.7%, to 160.5 million tons, and ore – by 31.6%, to 8.3 million tons. At the same time transportation of ferrous metals decreased by 13%, to 24.1 million…Details
Centerra Gold Inc. does not own any Mongolian operations or properties and has not conducted any business in Mongolia since October 2018, Kumtor Gold Company reports. Recently media have announced that Mongolian Court of Appeal has revoked four Centerra Gold licenses in favor of an NGO. In this regard, Kumtor Gold Company would like to…Details