Russia: MMK among Top 5 metals companies with highest investment returns globally

Magnitogorsk Iron and Steel Works (MMK) took fifth place in the global 2019 Value Creators rankings among metals companies with the highest return on investment, compiled by international consulting company Boston Consulting Group. The rankings’ methodology is based on total shareholder return (TSR) generated in the past five years. Five-year TSR for MMK shareholders from…

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Ukraine: 13th place in world steel output in January-May 2019

According to Worldsteel, in January-May global steel output grew by 5.03% YoY, to 764.07 million tons.

China is a traditional leader with 404.88 million tons, up by 10.19%. China’s share in the world output is 53%.

Ukraine is still on the 13th place with 9.27 million tons produced, up by 6.9%. (Ukrainian metal)

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Ukraine: Donetsk miners go on a strike

The employees of the Yuzhnodonbasskaya No. 1 mine and partially of the Mine named after Surgay have started striking because of non-payment of salary.

The wage debt reaches 35 million UAH.

The miners have blocked a highway.

The Yuzhnodonbasskaya No. 1 miners have also suspended coal mining. (Ukrainian metal)

Russia: import of some types of Ukrainian pipes allowed

Russia has temporarily allowed importing some products from the sanctioned list.

In particular, until October 1, 2021 it is allowed to import some types of pipe products.

The sanctions on imports from Ukraine were applied in April. (Ukrainian metal)

Russia: metal structures output up in January-May 2019

In January-May Russia produced 2 million tons of metal structures and parts of ferrous metals, up by 16.7% YoY.

According to the Federal Service of State Statistics, in May output increased by 7.1% MoM and by 9.6% YoY.

Aluminum structures manufacture grew by 16.7% YoY, to 27.1 thousand tons. (Ukrainian metal)

Russia: TMK gets new CEO

On June 21 the TMK board of directors held a meeting. Dmitry Pumpyanskiy has been appointed the chairman. The board also decided to elect Igro Korytko CEO, who had previously been deputy general manager on efficiency management. Alexander Shiryaev, the previous CEO, will continue working in the company as a member of the council. Moreover…

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Russia: TMK and Novatek sign Strategic Partnership and Cooperation Agreement

PJSC TMK and PJSC Novatek have signed a Strategic Partnership and Cooperation Agreement at the 23rd St. Petersburg International Economic Forum. Dmitry Pumpyanskiy, Chairman of TMK’s Board of Directors, and Leonid Mikhelson, Chairman of Novatek’s Management Board signed the document. The agreement outlines key policies and approaches for supplying TMK’s premium casing and tubing pipe…

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Russia: Metalloinvest develops rolled steel production capabilities at OEMK

Metalloinvest has commissioned a new reduction and calibration section for Rolling Mill 350’s mid-size production line at Rolling Unit No. 2 at OEMK. Investment in the project totaled more than 600 million rubles. The modernization will enable the company to increase production of high-quality rolled steel by 67,000 tons per year. The new reduction and…

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Russia: manganese ore imports up in April 2019

In April Russia imported 105 thousand tons of manganese ore and concentrate, up by 54% MoM and by 6.6% YoY.

In 4 months imports dropped by 21.6% YoY, to 306.4 thousand tons.

Since the start of the year in monetary terms imports decreased by 31.8%. (Ukrainian metal)