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Russian steelmaker Severstal has invested about 1 billion rubles in an upgrade of subsidiary Izhora Pipe Mill that would allow the plant to produce electric welded pipes with diameters starting from 508 millimeters. The upgrade’s goal is to set up production of pipes for the Yuzhno-Kirinskoye gas condensate field of Gazprom. The plant expects production…
DetailsIn January-October iron and manganese ore railroad transportation grew by 3.2% YoY, to 57.3 million tons. According to the State Statistics Service, transportation of ferrous metals dropped by 3.4%, to 16.1 million tons. Ferrous metals scrap transportation decreased by 18%, to 2.05 million tons, and coke – by 9.3%, to 3.7 million tons. (Ukrainian metal)
DetailsThe mining company Vesco will start developing the Pobeda refractory clay deposit in Donetsk region. The company obtained the respective license back in 2016. The quarry has the size of 30 ha. Its balance reserves are estimated at 814 thousand tons. The company intends to extract 500 thousand tons of clay per year, or 705…
DetailsArcelorMittal Temirtau has carried out a project begun in 2017 to switch to the horizontal axle of hot-rolled coils transportation in the sheet-rolling shop No. 1. The new machinery will improve shipping rates and working conditions. “The direction of coiling and the operation of the coiler are carried out in the automatic mode. Previously it…
DetailsRussia has supported the idea of imposing antidumping duties on galvanized rolled metal originating from China and Ukraine for 5 years. Initially the department of the inner market protection of EEC suggested imposing the duty for Ukraine on the level of 23.9% and for Chinese manufacturers – from 12.69% to 17%. The investigation was initiated…
DetailsIn October Yuzhniy Kuzbass mined over a million tons of coal, up by 9% MoM and by 77% YoY. 4.7 million tons of rock were processed, up by 16% and by 55% respectively. Some 915 thousand tons were processed at the factories, up by 12% and by 46%. Sales grew by 5% MoM and by…
DetailsIn September Russia imported 437 tons of magnesium, up from 433 tons in August, and 60-fold YoY. China accounted for 435 tons, up by 8%. In 9 months imports totaled 6.2 thousand tons, up by 88% YoY. In monetary terms since the start of the year the imports have increased by 99%. Import price in…
DetailsIn January-September Tuapse Sea Trade Port transported 10 million tons of cargo, up by 5.5% YoY. Ferrous metals accounted for 1.9 million tons, down by 15.4%. In particular, the port transported 1.7 million tons of slabs, down by 13.3%. (Ukrainian metal)
DetailsIn January-September TMK received $3,667 million of revenue, down by 4% YoY. The Russian division revenue grew by 4%, to $2,719 million. EBITDA reached $508 million, down by 3%, with Russian EBITDA amounting to $438 million, up by 21%. Net debt as of September 30 totaled $2,671 million. (Ukrainian metal)
DetailsEvraz has shipped some 400 tons of S255 and C345 beams manufactured at NTMK for the construction of the blast furnace No. 3 at Cherepovets Iron and Steel Works. The construction began in 2018, and the furnace will be blown in H2 2020. The rolled metal was shipped in April-October. (Ukrainian metal)
DetailsOMZ-Spetsstal has signed a partnership agreement with a major trader on the tool steel market – Interstal, which will promote its products in Belarus. The yearlong agreement will allow OMZ-Spetsstal improving the efficiency of sales on the Belarusian market, while Interstal will increase its product portfolio. The company customers are over 400 enterprises, including MAZ,…
DetailsAzerbaijan increased its silver production by 22.1% in 2019 compared to 2018. The country produced 3,218.1 kg of silver in January-October, the State Statistics Committee reported. In particular, silver mining in Azerbaijan amounted to 348 kg in October. Reserves of mined silver in the warehouses of manufacturing companies were 36.3 kg as of October 31.…
DetailsIn September Russia imported 7.6 thousand tons of ferrosilicomanganese, down by 48% MoM and by 23% YoY. Deliveries from Georgia and Kazakhstan dropped by 64% and by 6%, to 2.6 thousand tons and 5 thousand tons respectively. In 9 months imports totaled 135 thousand tons, down by 5% YoY. In monetary terms since the start…
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