Magnitogorsk Iron and Steel Works (MMK) participated in the international exhibit of metallurgical technologies METEC 2019. At the MMK stand, the visitors were able to familiarize themselves with a wide range of products and technological capabilities of one of Russia’s largest metallurgical companies. As a result of a large-scale technical re-equipment in recent years, MMK…
DetailsIn January-March Ukraine produced 44 thousand tons of metal structures, up by 1 thousand tons YoY. 66% of manufacturers posted increase in output. 6% of market participants produced over 2 thousand tons of structures. Consumption remained unchanged and totaled 42 thousand tons. Exports dropped by 19%, to 1.7 thousand tons. Imports went down by 52%,…
DetailsIn January-March large and medium metal companies posted losses of 6.13 billion UAH as opposed to the profit of 4.36 billion UAH in Q1 2018. According to the State Statistics Service, 69.5% of enterprises received a profit of 2 billion UAH, while the other 30.5% got losses of 9 billion UAH. EBITDA was –6.75 billion…
DetailsThe Cabinet of ministers has decreased expenses on technical revamping and modernization of coalmining enterprises by 320.89 million UAH. In particular, the previous amount of 704.5 million UAH has been decreased to 383.61 million UAH. Initially it was supposed to spend 1 billion UAH, but on June 5 the amount was lowered to 704.5 million…
DetailsIn April Russia exported 53 tons of nickel wire, rods and sections, up by 20.4% MoM and by 5.19% YoY. In 4 months exports grew by 66.2% YoY, to 197.8 tons. In monetary terms since the start of the year the exports have increased by 55%. Export prices have grown 2-fold, to $48 per kg.…
DetailsIn April Russia imported 25.5 tons of molybdenum, including scrap, up by 3.7% MoM, but down by 20.9% YoY. In 4 months imports grew by 0.4% YoY, to 111.8 tons. In monetary terms exports have increased by 37.8% YoY. China is still the main supplier with the share of 52.6%, down by 22%. The price…
DetailsIn April Russia exported 1.9 thousand tons of raw chromium, up by 33% MoM and by 5.7% YoY. In 4 months exports dropped by 9.8% YoY, to 6.3 thousand tons. In monetary terms since the start of the year exports have decreased by 4.6%. US accounted for a quarter of all deliveries (461 tons). In…
DetailsKrasniy Octyabr has repaired and commissioned its Metso Lindemann Eto Cut 1240-10 hydraulic shearing press in the drop-hammer shop. The machine was first put into operation in spring of 2015 and had worked for over 3 years. In autumn of 2018 it went out of order. In late 2018 the plant management decided to increase…
DetailsThe Center of standardization and certification of metal products of the Central scientific and research institute of ferrous metallurgy named after Bardin has prepared the first edition of amendments to the national standard GOST R 57837-2017 “Steel rolled sections. Hot-rolled flanged beams. Technical conditions”. The standard draft is being developed to make amendments taking into…
DetailsIn June Ukraine produced 1.627 million tons of steel, down by 10.9% MoM. Pig iron manufacture dropped by 12.7%, to 1.463 million tons, and rolled metal – by 15.6%, to 1.47 million tons. In H1 Ukraine produced 10.18 million tons of pig iron, 10.9 million tons of steel and 9.39 million tons of rolled metal,…
DetailsIn June Ukraine produced over 2.7 million tons of coal, which was 8% less than planned, the Coal Miners Union of Ukraine reported with a reference to the data provided by the Energy and Coal Industry Ministry. “In June coal mining enterprises of Ukraine of all forms of ownership produced 2,743,300 tons of coal. The…
DetailsOn June 26 the State Treasury Service transferred 7.56 billion UAH of budget reimbursement of VAT to companies. ArcelorMittal Kriviy Rih accounted for the largest amount of reimbursement – 635 million UAH. The company is followed by Metinvest-affiliated enterprises: Zaporizhstal – 606.8 million UAH, Mariupol Ilyich Iron and Steel Works – 460.8 million UAH and…
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