In January the USA imported 2.512 million tons of steel, up by 4.6% YoY and by 2.6% MoM. In particular, Russia increased steel exports by 73.5% YoY, while India – by 237.8%. Still Russia wasn’t able to get into the top steel suppliers list. The list consists of South Korea (311 thousand tons, up by…Details
Moscow hosted a round table on metal market situation. Among the presenters were Zhanna Pets, the ChTPZ information-analytical department director, Arthur Krasavin, Mechel-Service marketing department director, and Zhanna Raus, Dialvest development director. In particular, Zhanna Pets reported on pipe market situation, noting that in 2017 it would decrease by 1% YoY, to 9.99 million tons.…Details
In January output of raw titanium in Russia increased by 1.3% YoY and by 1.2% MoM.
According to the Federal Service of State Statistics, titanium semi-finished products (wire, rods and sections) output increased by 13.1% YoY, but dropped by 28.8% MoM. (Ukrainian metal)
In February the Pipe Works named after Makarov (Profil-Akras) produced 5500 tons of pipes.
Deliveries to the local market reached 5700 tons, while exports stood at 2 thousand tons.
The company continues preparing for the start of the season, and March will see some scheduled repairs to ensure stable operation in summer. (Ukrainian metal)
On March 2, an explosion occurred at the No. 10 Stepnaya mine of Lvivugol. According to the report of the State Emergency Service, the explosion resulted in the cave-in of the rock, with 8 miners killed and 6 wounded. The fate of the 20 miners is still uncertain. At the time of explosion 172 miners…Details
The Ministry of economic development and trade has ordered the supervisory board of Ukrzaliznytsia to sell its scrap to local metal companies. The decision followed the earlier meeting of the Prime Minister Vladimir Groysman with the representatives of the metal companies and aims at securing their interests. According to the Ukrzaliznytsia chairman Wojcieh Balczun, this…Details
Aluminum Association has suggested standardizing documents regulating usage of aluminum and aluminum alloys in construction.
To reach the goal expert group will be created headed by the leading companies.
The decision has been taken during the meeting of the Aluminum Association construction sector with the participation of TatProf, KRAMZ, Realit, Rusal, Alukom, etc. (Ukrainian metal)
Tashkent has become a host to the UzBuild-2017 international construction exhibition. MMK is one of the participants. The company presents products for construction, including bars, cold- and hot-rolling sheet, galvanized metal and metal with coating, as well as metal wares. Among the new products are the high-strength and wear-resistant steel, manufactured under MagStrong brand. In…Details
In 2016 investments of the major Russian pipe manufacturers in the modernization exceeded 21 billion rubles. According to the Foundation on pipe industry development, TMK invested over 10 billion rubles into the program to improve premium pipe quality and increase capacities. The United Metallurgical Company (OMK) invested 6 billion rubles into new products. Chelyabinsk Pipe…Details
Taking into account the current market situation Evraz will not resume work on its Yuzhny stan (Southern Mill) project of the construction of a rolling mill in Rostov region. “We need some time to watch over the market situation, and in case there is an increase in demand in the southern regions, we might return…Details
In 2016 Severstal Distribution increased its EBITDA by 78% YoY, to $56 million. Revenues went up by 5%, to $716 million. The end of Q1 2016 saw the dramatic increase of price on all the group markets, resulting in a short-term shortage. In 2016 Severstal Distribution increased sales by 6% YoY, to 1.545 million tons.…Details
Under the current contract the ChTPZ Group will deliver an additional batch of pipes for the construction of the Nord Stream-2 gas pipeline. The company will supply 3.2 thousand tons of large diameter pipes (1153 mm) with the wall thickness of 41 mm, as well as 12 adapter pipes and 499 units of buckle arrestors.…Details
MMK-Metiz under the program of product range increase started producing LB-52MK electrode with 2.6 mm diameter.
Now the company produces such electrodes in 4 diameters: 3.2, 4, 5 and 2.6 mm.
MMK-Metiz has been producing a wide range of welding materials since 1949. Its welding shop can produce 35 electrode grades. (Ukrainian metal)
NLMK and SAP have signed a memorandum on strategic cooperation to create the first laboratory of innovations in Russian metal industry. Its goal will be to research and develop innovative solutions to be used in the mining and metallurgical sphere. The memorandum was signed by the NLMK Group president Oleg Bagrin and the member of…Details
The National anticorruption bureau of Ukraine suggests the State Property Fund to annul the contract with the Zaporozhye Titanium and Magnesium Works director suspected in 492 million UAH embezzlement. According to the bureau chairman Artem Sytnik, the ZTMK director has violated several clauses of the contract. The bureau also suggests the SPF to analyze the…Details
In January the world pig iron manufacture increased by 6.78% YoY, to 97.586 million tons. CIS countries increased output by 5%, to 6.855 million tons. In particular, Ukraine produced 2.03 million tons. North America increased pig iron output by 4,7%, to 2.56 million tons, EU – by 4.1%, to 8.25 million tons, South America –…Details
Energomashspetsstal has created an ingot weighing 415 tons. The ingot will be used to produce a shell of the reactor for one of the nuclear power plants being constructed. EMSS used the newest techniques in the production of the ingot. The ingot has been delivered to the AKK-15000 forging mill. The total weight of the…Details
The acting chairman of the State Service of geology and soil Nikolai Boyarkin has signed 4 orders to allow the Nuclear Energy Systems of Ukraine LLC to prospect and mine uranium in Nikolaev and Dniepropetrovsk regions. In February 2016 the company addressed the service to provide allowances to operate on 5 uranium ore deposits for…Details
The Ukrainian Energy and Coal Industry Ministry intends to reduce grade A coal consumption from 9.5 million tons to 6 million tons in 2017, minister Ihor Nasalyk has stated at a meeting of the Cabinet of Ministers of Ukraine. “The ministry has developed and is implementing four programs enabling us to replace more than 3.5…Details
The mine-constructing management of the Gaysky Mining and Processing Works is finishing construction of an important object for the underground mine – the complex of wagons in the mineshaft. “The goal of this complex is to bring up wagons with rock to the surface. The daily capacity of the complex is expected to amount to…Details
In February Ukraine produced 1.71 million tons of steel, down by 18.7%, or by 393 thousand tons MoM. The average daily steel smelting in February dropped to 61.1 thousand tons from 67.8 thousand tons in January. Pig iron production in February decreased by 18.2%, to 1.565 million tons, rolled metal output dropped by 20%, to…Details
In 2016 Severstal Distribution sales increased by 6% YoY, to 1.545 million tons. Last year the companies of the network sold 14% of all the Severstal Russian Steel products. Half of the total volume, or 756 thousand tons of metal, was delivered to Russian customers. The North-Western Federal district companies sold 47% of the total…Details
The Privolzhsky subsidiary of the Rosbank has signed an agreement on the 6 billion rubles credit line with Vyksa Iron and Steel Works, a part of OMK. The contract stipulates provision of loans in rubles, dollars and euros. “Rosbank started cooperating with the Vyska Works in 2006, and now it’s one of our strategic partners.…Details
Rosterminalugol JSC, the largest dedicated coal port in the Baltic region, a part of Russia’s largest coal port holding Port Management Company LLC, says it handled 3 million tons of coal in January-February. The milestone ton was loaded onto Panamax ship Lucky, the 49th vessel handled at the terminal from the year beginning. In February…Details
U.K.-based mining giant Evraz, which operates mainly in Russia, expects its net debt to earnings before interest, taxes, depreciation and amortization (EBTIDA) ratio to fall to below 3x in January-June from 3.1x as of the end of 2016, president Alexander Frolov said in a conference call. Evraz’ dividend policy stipulates that the company may pay…Details
Evraz is in the process of selling its Evraz Yuzhkoks Works, uniting Bagley and Dneprodzerzhinsk coke and chemical plants. “The conclusion of the transaction requires several conditions, which the sides cannot fully influence”, Evraz said. According to the company, the payment of assets will be made by installments by August. Apart from the two coke…Details