Russia: Severstal Steel Ropes enters second stage of special ropes manufacture development

The Volgograd subsidiary of Severstal Steel Ropes has started assembling three rope machines and four winding machines. The cost of the Italian machinery is some 2.5 million euros. The commissioning is scheduled for autumn. This is the beginning of the second stage of the project to develop special steel ropes manufacture. “A month ago we…

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Ukraine: electricity consumption in metallurgy up in January-July 2018

In July Ukrainian metal companies consumed 145 million cubic meters of natural gas, on the level of the previous month.

In 7 months gas consumption grew by 11%, to 1.08 billion cubic meters.

Electricity consumption in July totaled 6.9 billion kW-h, up by 11% YoY. (Ukrainian metal)

Russia: ChTPZ ships first batch of pipes for Vostochniy launch site

ChTPZ has delivered the first 130 tons of seamless pipes to Tyazhmash.

The pipes with the diameter of 426 mm and the wall thickness of 25 mm will be used to construct a tower and a set of cargo-lifting machinery of the Vostochniy launch site.

ChTPZ has been cooperating with Tyazhmash since 2010. (Ukrainian metal)

Uzbekistan: foreign company to manage two major metal works

The government of Uzbekistan has allowed SFi Management Group to manage two largest metal works – Uzmetkombinat and Almalyk Mining and Processing Works. The task of the company is to effectively carry out investment projects, increase the share of high added value products, optimize import expenses and decrease prime cost. The agreement between Almalyk and…

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Russia: pipe exports up in H1 2018

In January-June Russia exported 1.45 million tons of pipes valued at $1651 million, up by 53.3% and by 103.4% YoY respectively. Finland imported 27% of pipes, up by 5% YoY. Turkey increased imports 12-fold, to 19.7%. Kazakhstan decreased imports by 4.8% YoY, to 12%. 97% of pipes imported by Turkey and Finland are large diameter…

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Russia: ferrous metals scrap imports from Kazakhstan down in H1 2018

In June, according to the customs statistics, Russia imported 66 thousand tons of ferrous scrap from Kazakhstan, down by 12.4% YoY.

The average price ons the Russian border was $259.4 per ton.

In January-June deliveries totaled 221.6 thousand tons, down by 22% YoY. (Ukrainian metal)

Russia: Koks places 5-year bonds

Koks, a part of PMH, has set the final rate of the first coupon of the BO-05 5-year bonds with the volume of 5 billion rubles on the level of 9.2%.

The sale was organized by Alfa-bank and Sberbank CIB.

At present Koks has no ruble bonds in circulation. (Ukrainian metal)