Russia: OEMK produces 70-millionth ton of steel

The electric furnace shop of Oskol Electrometallurgical Works has produced the 70-millionth ton of steel.

According to the company statement, the output volumes were gradually increased with machinery and techniques modernization. (Ukrainian metal)

Russia: Severstal wants clients to buy steel at higher prices

Russian tycoon Alexei Mordashov, the core owner of steelmaker Severstal, has suggested the government stimulate consumers to buy reinforcement steel and other products of the company at higher prices. In a letter to the Deputy Prime Minister Arkady Dvorkovich, Industry and Trade Minister Denis Manturov, and the Federal Antimonopoly Service’s Director Igor Artemyev Mordashov said…

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Metals of Ukraine & Russia: foundry pig iron, August 2016

Month

Ukrainian market, $/t, without VAT, EXW, $1/UAH25.489*

min

max

July

253

253

August

247

247

* – Ukrainian Hrivna and Russian Ruble exchange rates are as of 31.08.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)

Ukraine: scrap 5% duty cancelled

The Verkhovnaya Rada of Ukraine has cancelled the 5% import duty on ferrous scrap. The new decree stipulates the zero imports duty instead of the current 5%. According to the industry committee head Victor Halasyuk, this is the second part of the help to the mining-metallurgical complex. “Our first step was to increase the export…

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Russia: Norilsk Nickel signs 5-year $500 million credit facility

PJSC “MMC “Norilsk Nickel” has signed of a 5-year $500 million committed revolving back-stop credit facility (RCF) with a syndicate of international banks. Commerzbank AG, HSBC Bank plc, Mizuho Bank, Ltd., Sumitomo Mitsui Banking Corporation and UniCredit Bank are acting as Mandated Lead Arrangers and Bookrunners. UniCredit Bank AG (London Branch) was appointed as Facility…

Details

Metals of Ukraine & Russia: scrap (grade 2a), August 2016

Month

Ukrainian market, $/t, without VAT, FCA, $1/UAH25.489*

min

max

July

135

140

August

155

159

* – Ukrainian Hrivna and Russian Ruble exchange rates are as of 31.08.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)

Russia: Mechel-Service supplies rebars for bridge construction in Ufa

The metal-trading company of Mechel – Mechel-Service – has supplied around 3 thousand tons of rebars for the construction of the second bridge in Ufa.

The length of the bridge over the Belaya river is 836 m. (Ukrainian metal)

Metals of Ukraine & Russia: channel (structural steel), August 2016

Month

Russian market, $/t, EXW, without VAT, $1/RUR64.91*

min

max

July

544

634

August

565

634

* – Ukrainian Hrivna and Russian Ruble exchange rates are as of 31.08.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)