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…Details
At a meeting held on March 5, directors of NLMK Group, an international steel company with assets in Russia, the USA and the EU, resolved to convene the Annual General Shareholders’ Meeting on June 8. The Board suggested the shareholders elect Grigory Fedorishin as President (Chairman of the Management Board) of the company. NLMK shareholders…Details
At a meeting held on March 5 NLMK Group’s Board of Directors recommended the company’s shareholders to approve payment of Q4 2017 dividends of 3.36 rubles per share at the upcoming Annual General Shareholder Meeting (AGM), which would be held on June 8. NLMK Board of Directors has also recommended that the shareholders set the…Details
ArcelorMittal Kriviy Rih will pay all its employees a monetary reward for 2017. The so-called 13th salary will be paid by March 15 in full. According to the company statement, each employee will receive an average monthly salary. The total amount to be paid will exceed 200 million UAH. AMKR is one of the few…Details
Energomashspetsstal has fulfilled the contract signed with the state enterprise Electrotyazhmash Works and shipped the customer the last batch of billets. According to the agreement, signed in June 2017, EMSS had to provide the customer with 248.59 tons of billets. In February the company shipped the last batch of sleeves weighing 104.93 tons. They will…Details
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)
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)
Zarya, extracting alluvial gold in Khabarovsk territory, has started preparations for the washing season. According to the company CEO Victor Shudrenko, the season begins in May. The employees have already started arriving at Ulch and Nikolayev sites. This year the company has purchased two new sites: the Bakan Bolshoy deposits and the Detysh deep alluvial…Details
Energoprom and Riedhammer (Germany) have signed an engineering agreement resulting in the start of the construction of a new kiln at the Novocherkassk Electrode Works. The new furnace will improve the quality of premium graphitized electrodes of UHP 610 mm grade, as well as provide for the stability of the manufacturing process. This is a…Details
Interpipe notes the minimal shortage of scrap in winter on the local market, but forecasts the worsening of the situation in spring. “The market will still feel shortage. The seasonal growth of steel manufacture will start in April, winter stocks of scrap will run low, and the shortage of the raw material will be felt”,…Details
The collapse of the roof in the converter shop No. 1 could lead to major disassembly and construction works and reconstruction of the first block of converters 1-3 at ArcelorMittal Kriviy Rih. This will result in the decrease of the metal manufactured. The special commission will soon start investigating the accident. Last week featured heavy…Details
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)
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)
Ukrainian heat generation industry will in 2018 decrease consumption of deficient anthracite coal to 4.8-4.9 million tons, which is 20% lower than in 2017. “We are seeing a dynamic reduction of anthracite consumption. In 2016 all thermal generation (TPPs and CHPPs) consumed 10.5 million tons, in 2017 it was 6 million tons, and in 2018…Details
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…Details
By the end of the year Chinese investors will have carried out two projects. The first is the construction of the metal works by Forever Fourshing Co. Ltd. Investments will total 7.4 billion tenge. The plant will produce 300 thousand tons of metal per year, with 80% to be exported. The company intends to export…Details
The underground mine of Gaysky GOK is prepared to commission a new ore chute complex for loose materials needed to produce concrete. “Previously sand and crushed stone, needed to make the mixture, were delivered to the 910-meters horizon. It took 3 hours to load one machine, get down there, unload and get back to the…Details
In 2017 Russia imported 280 thousand tons of corrosion-resistant flat steel valued at $604 million, up by 19.7% and by 32.7% MoM respectively. According to the customs statistics, this is also the record-high result for the past several years. Sheet with the width of 600+ mm accounts for 90% of the imports. The main supplier…Details
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…Details
The Russian central bank has held several gold deals on the Moscow Exchange since the start of the year, Larisa Selyutina, director of the securities and commodities department of the authority, said at a conference on March 6. “The Central Bank of Russia puts bids daily on the order book, but there were only a…Details
The administration of the Chinese city of Hejin decided to explore coal reserves of Ekibastuz. A delegation from Hejin visited the city of Ekibastuz, Pavlodar region. As it turned out, the coal of Ekibastuz is attractive for Yangguang Company that deals with coal conversion. Last year the Chinese city was twinned with the coal capital…Details
The DCH Group of Alexander Yaroslavsky, owner of the Kharkiv Tractor Works, Sukhaya Balka and Dneporvsky Iron and Steel Works, intends to get a synergy effect of the cooperation of its three assets. “We will try to reach synergy, as DMZ produces metal, and KhTZ consumes a lot of metal. DMZ also consumes Sukhaya Balka…Details
The members of the Kirovograd regional council have allowed the Petro-Consulting LLC to mine for lithium in the Dobrovelichkovka district. The company has promised to carry out some investment projects: repair the school, build the blow well for the school, repair two medical premises, etc. According to the company, lithium mining will be carried at…Details
In 2017 Norilsk Nickel received $9.1 billion of revenue, up by 11% YoY, mostly because of the metal price growth. EBITDA grew by 2%, to $4 billion. The company net profit totaled $2.1 billion, down by 16% YoY. Capital investments increased by 17%, to $2 billion. Nornickel net debt as of late 2017 grew to…Details