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Russia: metal output to drop in 2019

In 2019 metal output is expected to decrease because of the long repairs of rolling mills and blast furnaces. In January-September Russian metal output increased by 1.3%, mostly due to the non-ferrous metals (+2%), while ferrous metals dropped by 0.1%. Exports fell by 10.6%, with prices down by 15-20%. Domestic consumption grew by 4%. (Ukrainian…


Russia: ChelPipe sells over 150,000 tons of pipes for TAPI pipeline

Chelyabinsk Pipe Plant (ChelPipe) has delivered more than 150,000 tons of large-diameter pipes for construction of the linear part of the Turkmenistan–Afghanistan–Pakistan–India (TAPI) pipeline, the company said in a statement on December 25. “ChelPipe Group was the only Russian company to pass all stages of qualification selection and offer the best delivery conditions among 94…


Ukraine: positions in world steel and pig iron rating retained in January-November 2019

Ukraine retained its 10th place in the ranking of the world’s largest pig iron producers and the 13th place in the ranking of the world’s largest steel producers in January-November, according to the World Steel Association. “Ukraine ranks 10th among 40 pig iron producing countries. Ukraine ranks 13th among 62 steel producing countries,” the Ukrmetalurhprom…


Ukraine: Metinvest short of 1.5 billion UAH VAT reimbursement in December 2019

In December Metinvest enterprises did not receive VAT reimbursement in the amount of 1.5 billion UAH. In particular, Mariupol Ilyich Iron and Steel Works has not received some 1 billion UAH. Because of that the employees are worrying about the delays in their salary payment. According to Ukrmetallurgprom president Alexander Kalenkov, the State Tax Service…


Russia: S&P recalls rating of Koks

International rating agency S&P Global Ratings (S&P) has revoked the long-term credit rating of Russian coking coal producer Koks, a part of Industrial Metallurgical Holding (IMH), at a request of the company, the agency said in a statement. At the time of revocation, the rating was B, and the outlook was Stable. (Prime/Ukrainian metal)