Russia: scrap exports down on 2017

In 2017 Russia exported 5.37 million tons of steel scrap, down by 4.4% YoY. According to the customs statistics, this is the lowest volume of exports in the past 4 years. Revenue increased by 21%, to $1.329 billion. Turkey imported the most scrap – 44% of the volume, down by 3.9%, but Russia’s revenue grew…

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Russia: ChMZ aiming at foreign markets

This year Chepets Mechanical Works intends to actively develop foreign markets by promoting its products.

“We understand, that if we want to further increase revenue, we have to enter the world markets”, the company CEO Deniz Anischuk said.

The company has already signed agreements on the supply of titanium products. (Ukrainian metal)

Russia: Severstal ships metal structures to polymer strip works

Severstal Steel Decisions has designed the works to produce polymer strips for food packaging.

The one-storey building will have the size of 60x66x11 meters.

The metal structures weighing 230 tons were manufactured at the Orel site.

The shipping was carried out according to the schedule. (Ukrainian metal)

Ukraine: place in TOP-10 pig iron manufacturers retained

In January world pig iron output increased by 3.1% YoY, to 94.546 million tons.

According to World Steel Association, manufacture in CIS dropped by 6.3%, to 6.425 million tons.

In particular, Ukraine produced 1.8 million tons. (Ukrainian metal)

Russia: TMK to buy graphitized electrodes from Energoprom

Industrial group Energoprom has signed a contract with oil and gas pipe producer TMK to sell graphitized electrodes in 2018-2022, Energoprom said in a statement on March 7 without disclosing other details of the contract.

Sales of Energoprom will cover up to 40% of TMK’s demand in graphitized electrodes, the company said. (Prime/Ukrainian metal)

Azerbaijan: gold price up

The cost of gold increased by almost 15.74 manats (0.7%), to 2265.7005 manats per troy ounce in Azerbaijan on March 7, according to the data published by the country’s Central Bank. The cost of silver increased by 1.3%, to 28.3712 manats per ounce, the cost of platinum by 0.22%, to 1640.925 manats, while the cost…

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Ukraine: Kobe Steel interested in KGOKOR

A Japanese and an Austrian company are interested in investing in Krivoy Rog Oxidized Ores Mining and Processing Works. According to the Ministry of economic development and trade, the first vice prime minister Stepan Kubiv met with Hiroshi Ishikawa of Kobe Steel. “The group of companies has developed a new technique of processing oxidized ores…

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