Russia: MMK steel output up in Q2 2017

Steel output of Russia’s Magnitogorsk Iron and Steel Works (MMK) increased by 3.8% QoQ, to 3.182 million tons in April-June, the company said in a statement July 17. In January-June, steel production rose by 0.6% YoY, to 6.248 million tons. Metal products sales fell by 3.2% YoY, to 5.605 million tons, in January-June, but increased…

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Russia: TMK H1 2017 sales up

In January-June the Pipe Metal Company increased sales by 4.1% YoY, to 1.808 million tons. The increase was spurred mostly by the demand growth for seamless pipes, the company said in a statement. Seamless pipes sales increased by 16.9%, to 1.346 million tons. Welded pipes sales dropped by 21%, to 462 thousand tons due to…

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Russia: Avisma to keep 2016 earnings

In 2017 VSMPO-Avisma intends to keep earnings on the previous year level – 76 billion rubles.

Sales are expected to increase by 15.8%, to 28.3 thousand tons.

The strengthening of the ruble negatively affects the ruble reports, the ruble equivalent of exports decreases, and that’s some 70% of all earnings. (Ukrainian metal)

Ukraine: metallurgical complex suffers heavy losses due to Russian aggression

Prime Minister of Ukraine Volodymyr Groysman on July 16 congratulated employees of the mining and metallurgical complex on their professional holiday, the government’s portal reports. In his speech on the occasion, the prime minister said: “The industry incurred heavy economic and infrastructure losses from the Russian-terrorist occupation of separate regions in Donbas, as well as…

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Russia: KGOK output up in H1 2017

In January-June Korshunovsky Mining and Processing Works increased iron ore concentrate output by 5% YoY, or by 66 thousand tons, to 1.4 million tons.

Ore mining exceeded 4 million tons, with 1.9 million tons yielded by the Korshunovsky quarry and 2.2 million tons by the Rudnogorsky mine. (Ukrainian metal)

Russia: Globus-Stal starts producing stainless pipes

Globus-Stal has put into operation a new manufacturing line to produce electric-welded pipes of stainless steel.

The company has already made its first order – the 6-meters long pipe with 16 mm diameter and 1 mm wall thickness.

Globus-Stal is able to produce 16-60.3 mm diameter pipes with wall thickness of 0.4-3 mm. (Ukrainian metal)

Russia: Raspadskaya processes 100 million tons of coal

The Raspadskaya Processing Factory has processed 100 million tons of coal, since it has been put into operation.

The factory started operating in 2005. The enterprise processes coal of 0-300 mm classes.

Its project capacity is 15 million tons of coal per year with daily norm of some 38 thousand tons. (Ukrainian metal)

Russia: Lebedinsky GOK puts new HBI complex into operation

Metalloinvest has put the new hot-briquetted iron complex (HBI-3) into operation at the Lebedinsky Mining and processing Works.

Investments totaled $660 million.

The HBI-3 capacity is 1.8 million tons per year. When the complex reaches its project capacity, the GOK will be able to produce 4.5 million tons of HBI per year. (Ukrainian metal)

Russia: PMH puts 2 new mines into operation

The Industrial-Metallurgical Holding has put into operation two new mines in Kemerovo region: the second stage of Butovskaya mine and the mine named after Tikhov. Investments into construction of Tikhov mine totaled 12,5 billion rubles. The project capacity of the first stage is 1.8 million tons. This year 1 million tons of coking coal will…

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