Russia: Rusal sells 3% of shares

Victor Vekselberg and Mikhail Prokhorov received a total of 2.46 billion Hong Kong dollars ($315 million) from the sale of some 3% of Rusal shares. 456 million shares were placed at 5.4 HKD, with a 7.5% discount. There were 70 offers, with top 10 investors acquiring over 60% of shares. Of the volume sold Vekselberg…

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Russia: MMK output up in January-September 2017

In January-September MMK increased steel output by 1.9% YoY, to 9.569 million tons.

Pig iron manufacture grew by 3.1%, to 7.509 million tons.

Sales went up by 1.2%, to 8.759 million tons.

In 2016 MMK produced 12.5 million tons of steel, up by 2.5% YoY. (Ukrainian metal)

Russia: NLMK VP receives Adolf Martens Award for ultrahigh-strength steel research

Dr. Bruno Charles De Cooman, NLMK Group Vice President for Research and Development, has been awarded the prestigious Adolf Martens Memorial Steel Lecture for his research into the properties of ultrahigh-strength steels. The award ceremony took place on October 10 at the Material Science & Technology 2017 International conference in Pittsburgh (USA). This award was…

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Ukraine: EMSS supplies large batch of rolls to AMT

Under the contract with ArcelorMittal, Energomashspetsstal has supplied a batch of supporting rolls for rolling mills to Kazakhstan.

263.23 tons of rolls have been produced for the ArcelorMittal Temirtau 1700 hot-rolling mill, as well as for 1400 and 1700 cold-rolling mills. (Ukrainian metal)

Ukraine: Russia coal smuggling from occupied regions on the rise

In September Russia exported to Europe 208 thousand tons of coal, illegally taken from the occupied districts of Donetsk and Lugansk regions.

This is up by 18% MoM, or by 33 thousand tons.

According to a source among Russian coal traders, in August-September coal exports were hindered by the Russian Railroads limitations. (Ukrainian metal)

Russia: Severstal to insure property for 113 billion rubles

SOGAZ will insure Severstal property for 113 billion rubles. In particular, the company will insure the assets of Severstal, Severstal-Metiz, Orel Iron and Steel Works, Severstal steel ropes, Izhora Pipe Works, Severstal Pipe-Section Works Sheksna, Karelsky Okatysh and Olkon. The mining and property complexes, as well as special machinery, railroad wagons, automobiles will be insured…

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Ukraine: Lugansk coal mining down in January-September 2017

In January-September Pervomayskugol decreased coal output by 48.1%, Lisichanskugol – by 14.2%.

According to the Ministry of energy and coal industry, Pervomayskugol mines extracted 129.9 thousand tons of coal, while Lisichanskugol – 148.3 thousand tons.

All in all coal output in Ukraine in 9 months decreased by 11.5% YoY. (Ukrainian metal)

Russia: MMK Trading House increases sales

MMK Trading House LLC is expanding the sales of its sections for major construction projects. In August the company supplied profiled sheeting for the construction of the TMK scientific-technical center in Skolkovo, as well as delivered galvanized sheeting to a number of cattle-breeding projects under construction in the Central region. The volume of the delivery…

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Ukraine: metal consumption growing

In January-September metal consumption in Ukraine increased by 6.3% YoY. According to Ukrmetallurgprom, metal companies supplied 2.737 million tons of products to the local market against 2.574 million tons in 9 months of 2016. The local market share increased from 15.8% to 20.3%. At the same time exports dropped by 20.8% YoY, to 10.732 million…

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Russia: Vyksa Works LDP certified by Gazprom

Vyksa Iron and Steel Works pipes have received the Gazprom certificate for the correspondence to InterGazCert system. The certificate confirms that the electric-welded large diameter pipes to be used in construction, reconstruction and repairs of pipelines completely correspond to the Gazprom standards. Earlier the works received the InterGazCert certificate of the quality management system according…

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