In June local demand for ferrous metals showed a positive dynamics of 0.6% YoY. Unfavorable world market situation negatively affected the exports, which fell by 18.3%. At the same time the local demand for non-ferrous metals dropped sharply – by 22.7%. Rusal decreased exports by 16.7%, but since the start of the year increased them…Details
Severstal board of directors has recommended paying dividend for April-June in the amount of 26.72 rubles per share. The voting on the dividends will be held at the extraordinary shareholders meeting on September 6. If the shareholders approve dividend payment, the date to set the list of shareholders to receive dividends will be September 17.…Details
The Ukrainian arm of the world’s biggest steelmaker said that the state security service had searched its plant in Kryvyi Rih, a week after new Ukrainian President Volodymyr Zelensky criticized the management. ArcelorMittal has invested about $9 billion in Kryvyi Rih, Ukraine’s largest steel mill, which is now under close government scrutiny, as reported by…Details
The mining industry of Tajikistan has a good mineral resource base, the volume of which is sufficient to ensure the development of the industry for the long term. Although the current indicators of the extractive industries are relatively modest, in the long term, this sector may become the leader in the Tajik economy. The enterprises…Details
In January-June state coalmining enterprises decreased power-generating coal extraction by 24.5%, to 1.45 million tons. According to the Ministry of the energy and coal industry, state mines increased coking coal output by 65.5%, to 399.5 thousand tons. As a whole, state mines decreased coal extraction by 14.5%, to 1.85 million tons. In H1 coal enterprises…Details
In January-May pipe exports from Russia decreased by 44% YoY, to 691 thousand tons. According to the Federal Customs Statistics, in monetary terms exports fell by 56.3%, to $619 million. Kazakhstan was the main purchaser, accounting for 28%, up by 44%. It was followed by the US (22%, up 2-fold), and Belarus (14.5%, up by…Details
In May Russia decreased semi-finished steel products exports by 17.6% MoM and by 18.2% YoY, to 1.12 million tons. According to the Federal Customs Statistics, in January-May exports dropped by 5.6% YoY, to 6.42 million tons, valued at $2.798 billion, down by 18.5%. Taiwan accounted for 23% of all purchases, down by 5.8%. Average price…Details
In May Russia increased scrap imports from Kazakhstan by 19% YoY, to 59 thousand tons.
At the same time, in monthly terms imports fell by 31%.
In January-May Russia imported 268.3 thousand tons of scrap from Kazakhstan, up by 72%.
Average price in May on Russian border was $234.4 per ton. (Ukrainian metal)
At the Magnitogorsk Iron and Steel Works (MMK) there are already 16 software robots successfully imitating the actions of real workers. By the end of 2019, the company plans to have automated a total of 32 manufacturing processes. The head of the MMK-InformService project office, Valery Rybolovlev, spoke about the company’s automation during the Digital…Details
Magnitogorsk Iron and Steel Works (MMK) has put into operation an automatic control system of steam boilers, which power the plant. This will increase energy efficiency, as well as provide a significant reduction in harmful emissions into the atmosphere. The introduction of the system will save more than 85 million rubles per year. The project…Details
Magnitogorsk Iron and Steel Works (MMK) has commissioned sinter plant No. 5, the only one of its kind in Russia. The facility has a capacity of up to 5.5 million tons of sinter per year. MMK’s new sinter plant is equipped with state-of-the-art equipment, allowing it to obtain high-quality sinter, and it operates using the…Details
NLMK Lipetsk, the group’s flagship production site, has begun construction and installation works on the complete overhaul of Continuous Casting Machine (CCM) No. 9, which is a milestone project in NLMK Group’s Strategy 2022. The launch of the new CCM No. 9 will conclude the blast furnace and steelmaking operations development program, aimed at boosting…Details
The net profit of the Russian steelmaker Severstal fell by 11.3% YoY, to $903 million in January-June, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement. Revenue shrank by 5.1%, to $4.208 billion in the period, earnings before interest, taxes, depreciation and amortization (EBITDA) decreased by 10.4%, to $1.416 billion.…Details
Russian steelmaker Magnitogorsk Iron and Steel Works (MMK) reduced its steel output by 0.5% QoQ, to 3.091 million tons in April-June, while cast iron production rose by 2.3%, to 2.452 million tons, the company said in a statement. In January-June it raised its steel production by 0.4% YoY, to 6.198 million tons. Cast iron production…Details
France’s Air Liquide has started construction of a 130-million euro industrial gases plant that would supply oxygen, nitrogen, and argon to a plant of U.K.-based mining giant Evraz, which operates mainly in Russia, in the Kemerovo region. The plant will comprise two air separation units, and will be launched in 2021. It should raise power…Details
In January-June Ukraine manufactured 5.189 million tons of metallurgical coke, down by 3.3% YoY. In particular, in June plants produced 769 thousand tons of coke and in May – 917 thousand tons. The decrease in manufacture is due to the drop of coking coal supplies from Russia. Moreover, some metal works shut down their capacities…Details
Some 2 thousand tons of liquid pig iron has been spilt at the Azovstal Iron and Steel Works.
A hole has been burned down in the mixer No. 1 of the converter shop.
There were no injured. (Ukrainian metal)
In May Russia exported 257 thousand tons of raw aluminum, down by 34% MoM and by 25.4% YoY. In January-May exports decreased by 29% YoY, to 1.5 million tons. In monetary terms since the start of the year the exports have dropped by 23.6%. Export prices in May fell by 5.7% MoM, to $1.7 per…Details
Zoloto Timptona LLC, developing alluvial gold sites in the Republic of Sakha (Yakutia), intends this season to obtain 60 kg of the precious metal. The Utanakh and Berezoviy brooks will yield 35 kg of gold. This year the company will also start developing deposits at the Troitskiy and Innokentievskiy sites. Zoloto Timptona is developing the…Details
As of July 1 Retkon has extracted 173.5 kg of alluvial gold in the Irkutsk region, down by 25% YoY. This year the company intends to extract some 550 kg of gold. Thus, so far the output plan has been 32% fulfilled. Last year the company extracted 600 kg of alluvial gold. Retkon owns 15…Details
Yakovlevsky Mining and Processing Works has mined 10-millionth ton of iron ore. The enterprises management believes that in the medium-term it will be able to mine 10 million tons a year. In particular, the development strategy presupposes the increase in mining 5-fold, to 5 million tons per year in 2017-2023. 20 billion rubles will be…Details
In April-June Beloretsk Iron and Steel Works increased sales QoQ. In particular, sales of welding wire used in the manufacture of electrodes, and steel shaped sections for car fasteners grew 2- and 1.7-fold respectively. The sales of rebar mesh and nails went up by 47% and by 35%. The company has also increased the sales…Details
In January-June throughput of Russian seaports grew by 2.8% YoY, to 409 million tons. Ferrous metals accounted for 14 million tons, down by 9.8%. In particular, Ust-Luga transshipped 46.2 thousand tons of ferrous metals, down by 52%. The Port of St. Petersburg decreased metal throughput by 18%, while Taganrog increased by 27%, to 56 thousand…Details
Russian steelmaker Novolipetsk Steel (NLMK) reduced its production of steel by 5% QoQ, to 3.992 million tons in April-June because of overhaul works at the blast furnace and basic oxygen furnace facilities, the company said in a statement on July 15. Loading fell to 96% from 98%, and consolidated sales shrank by 7%, to 5.268…Details