On August 16, the Customs Service of Taiwan imposed the preliminary antidumping duties on the imports of hot-rolled sheet originating from Ukraine, Brazil, China, India, Indonesia and South Korea. The 8.66-80.5% duty will come into effect on August 22, for 4 months. For Mariupol Ilyich Iron and Steel Works, Metinvest and other Ukrainian manufacturers the…
DetailsIn January-June Turkey imported 9.18 million tons of ferrous metals scrap valued at $1.97 billion, up by 8.4% and down by 20% YoY respectively. According to the Turkish Statistical Institute, imports from US went up by 7.8%, to 1.89 million tons, from Russia – by 16.1%, to 1.43 million tons, and from UK – by…
DetailsTaganrog Iron and Steel Works has produced a trial batch of pipes with external upset ends for TMK Neftegazservis-Buzuluk.
The first batch of pipes with 73 mm diameter was made at the SMS Meer press.
The need to start producing such pipes was due to the increasing demand from oil industry. (Ukrainian metal)
Mariupol Ilyich Iron and Steel Works goes on expanding its range of rolled sheet at 1700 shop. “We’ve started making 1.2×1000 mm rolled metal of 08PS low-carbon steel. Such products are in demand now. They allow to substitute the expensive cold-rolled coils with cheaper hot-rolled ones”, said the company CEO Yuri Zinchenko. The works has…
DetailsZaporizhstal has invested 630 million UAH in new gas-purifying systems at its sintering machines No. 3-6 and has started construction at the SM6. The foundation works have been completed, over 300 tons of metal structures have been erected, gas-purifying equipment at sintering machine No. 6 is being assembled. This is the last sintering machine at…
DetailsThe Canadian International Trade Tribunal (CITT) has prolonged the antidumping duties on the imports of carbon steel and alloyed hot-rolled sheet originating from Brazil, China and Ukraine for 5 years. CITT has decided that such imports harm Canadian manufacturers of these products. At the same time, the tribunal has canceled the corresponding duties in respect…
DetailsRussia’s copper reserves were over 100 million tons as of 2015 year-end and they are not depleted at all, Minister of Natural Resources Sergey Donskoi said. “Russia is world’s third by copper resources and overcame the level of 100 million tons in 2015, and is sixth by production, supporting near 4-5% of global production”, Donskoi…
DetailsRussian President Vladimir Putin issued a number of assignments after the meeting on rare-earth metals production and consumption held in Velikiy Novgorod on July 29, website of the Kremlin said. In particular, the government is tasked “to consider reduction of the mineral extraction tax (MET) rate in respect of rare and rare-earth metals” by December…
DetailsNLMK Group has begun commercial operation of a hydrogen unit that generates hydrogen from natural gas through vapor reforming at VIZ-Steel in Yekaterinburg, where hi-tech transformer (grain-oriented) steel is produced. This project will provide a three-fold reduction in the cost of hydrogen production. The new technology, which replaces expensive electrolysis, requires 30 times less energy…
DetailsMonth Russian market, $/t, EXW, without VAT, $1/RUR64.2575* Ukrainian market, $/t, without VAT, EXW, $1/UAH24.854* Export, Ukraine, $/t, FOB Black sea ports Export, Russia, $/t, FOB Black sea ports min max min max min max min max May 511 750 394 528 505 510 518 574 June 556 750 435 487 410 440 410 430…
DetailsAt a meeting held on August 12, NLMK Group’s Board of Directors recommended NLMK shareholders to approve of payment of Q2 dividends at the upcoming Extraordinary General Shareholder Meeting (EGM) to be held on September 30. NLMK Group’s Board of Directors recommended NLMK shareholders to approve of Q2 dividends of 6,473 million RUB, or 1.08…
DetailsChelPipe Group has announced IFRS Financial Results for H1 2016. According to its press release, the gross profit went up by 2% to 21,94 million rubles, with EBIDTA growing by 2,5 million rubles. The EBITDA margin rose by 5.7% to 24.7% as a result of the improved shipments structure, in particular, increased OCTG share and…
DetailsArcelorMittal Kriviy Rih is implementing a major investment program on development valued at $1.2 billion. Among other things the company plans to reconstruct converter shop and build new has-purifying machines. Also AMKR intends to develop its rolling manufacture, switch its MS 250-4 shop to 150 mm square billets and construct a new rod line at…
DetailsEvraz Yuzhkoks has started producing coke of premium quality with 62.4% strength after reaction (CSR). According to the company statement, previously this index was on the level of 50-55%. “This increases the competitiveness advantages of our works and lets us expand sales markets, including foreign ones”, said the company. Strength after reaction is one of…
Details|
Month |
Russian market, $/t, EXW, without VAT, $1/RUR64.2575* |
|
|
min |
max |
|
| May |
586 |
731 |
| June |
586 |
783 |
* – Ukrainian Hrivna and Russian Rouble exchange rates are as of 30.06.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)
In January-June CHTPZ Group pipe companies (Chelyabinsk pipe-rolling and Pervouralsk New Pipe Works) have shipped 865 thousand tons of steel pipes to consumers, down by 19% YoY, or by 206 thousand tons. The decrease is explained by the drop in the large diameter pipes (LDP) demand. This trend is observed at all major Russian manufacturers.…
Details|
Month |
Ukrainian market, $/t, without VAT, EXW, $1/UAH24.854* |
|
|
min |
max |
|
| May |
510 |
565 |
| June |
412 |
429 |
* – Ukrainian Hrivna and Russian Rouble exchange rates are as of 30.06.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)
Because of the Ukrzaliznytsia problems with cargo transportation, metal works suffer from raw materials deficiency and lose market opportunities and export revenues. “Weak spots in railroad infrastructure, shortage of locomotives and fuel, ineffective coordination of Ukrzaliznytsia resources cost our country some $1.8 billion of not received foreign currency revenues in metal sector. And that’s almost…
DetailsUkrmetallurgprom forecasts steel output on the level of 2 million tons in September, with pig iron also at 2 million tons and rolled metal at 1.7 million tons. After the drop in June, affected by the railroad strike in Donetsk and Lugansk regions, July saw a certain stabilization of raw materials delivery to metal companies…
DetailsMonth Russian market, $/t, EXW, without VAT, $1/RUR64.2575* Ukrainian market, $/t, without VAT, EXW, $1/UAH24.854* min max min max May 451 2157 565 565 June 458 2157 429 429 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 30.06.16 according to the National Bank of Ukraine and the Central Bank of the…
DetailsIn 2016 Ural Mining-Metallurgical Company is going to decrease copper cathodes output by 10% YoY. According to the company CEO Andrei Kozitsyn, the targeted amount is 350 thousand tons. He gave two reasons for this: the decrease of copper contents in ore with the same level of output (24-25 million tons per year) and the…
DetailsIn January-July Ukrainian metal companies consumed 7.5 billion kWh of electricity, up by 6% YoY. Electricity consumption in 2015 dropped by 13% YoY, to 12.4 billion kWh. In January-July Ukraine produced 14.49 million tons of steel, 14 million tons of pig iron and 12.68 million tons of rolled metal, all up by 10.5%, 16.3% and…
DetailsIn 2016 Ural Mining-Metallurgical Company plans to produce 350 thousand tons of copper, down by 10% YoY. Copper content in ore is dwindling, even though ore mining remains the same – around 24-25 million tons. The company expects the situation to improve in 2020-2021, when new capacities are put into operation and ore mining increases.…
DetailsMonth Russian market, $/t, EXW, without VAT, $1/RUR64.2575* Ukrainian market, $/t, without VAT, EXW, $1/UAH24.854* min max min max May 346 640 436 525 June 486 640 397 441 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 30.06.16 according to the National Bank of Ukraine and the Central Bank of the…
DetailsAt present Ukrzaliznytsia cannot transport cargo for mining-metallurgical complex of Ukraine in full due to the lack of cars and trains, as well as weak purchases of fuel and spare parts. “This is mostly our fault. We can’t satisfy the needs of our clients”, said the state enterprise head Wojciech Balczun. According to him, Ukraine…
DetailsIn early August Black Sea pig iron prices were stable, while manufacturers slightly increased their prices and were even to gain some success. Black Sea region offers were on the level of $240-245 per ton FOB without middlemen for Turkey, Italy and USA buyers. This corresponds to the September produced pig iron prices for delivery…
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