Prices of the metal raw materials could decrease by 10-15% YoY in 2017, according to Severstal chairman Alexei Mordashov. “World steel consumption resumed its growth, but China is slowing down its steel production. I believe we can expect prices to start falling, though they are unlikely to drop below early 2016 level”, he said. (Ukrainian…Details
In January StalTrans plans to keep its metal wares shipments on the level of 2.7 thousand tons. According to the company statement, in December 2016 metal wares deliveries increased by 16% MoM, to 2.7 thousand tons. The growth was seen in wire (by 12%, to 1.5 thousand tons) and nails (by 37%, to 1.1 thousand…Details
The Krasnoyarsk Aluminum Smelter (KrAZ, part of Rusal) is to implement the construction of a new foundry complex for the production of cylinder ingots of 230 mm to 457 mm diameter. The capacity of the new production complex will comprise 120,000 tons per year. The foundry equipment installation is near completion. The complex is to…Details
According to the minister of energy and coal industry Igor Nasalik, 11 new long faces have been selected that can be put into operation in the near future and increase coal output. The ministry intends to mine some 25 thousand tons of coal per day. Nasalik also noted the mine debts for electricity, which reached…Details
In 2016 Ukraine produced 1.028 million tons of ferroalloys, up by 16% YoY. According to the Association of Ukrainian Ferroalloy Producers, silicomanganese output went up by 16.7% YoY, to 814.97 thousand tons, ferromanganese – by 19%, to 104.47 thousand tons, and ferrosilicon – 101.42 thousand tons, to 12.5%. At the same time production of metallic…Details
In 2016 volumes of industrial output in Belarus totaled Br79.4 billion, down by 0.4% YoY.
According to the National Statistics Committee, output volumes in mining industry reached 99.3%, in processing – 99.9%.
In December 2016 industrial output increased by 5.1% YoY. (Ukrainian metal)
In January-November 2016 Russia exported 39.32 million tons of ferrous metal, up by 3.2% YoY. According to the Federal Customs Service, far foreign countries accounted for 34.405 million tons of exports, up by 5%. Pig iron exports decreased by 1.2% YoY, to 4.663 million tons, of steel semi-finished products – went up by 4.1%, to…Details
According to the Association of sea trade ports of the Russian Federation, in 2016 ferrous metals transshipment increased by 6.7% YoY, to 721.9 million tons. Arctic ports transshipped 49.7 million tons of ferrous metals, up by 40.6% YoY, Baltic ports – 236.6 million tons, up by 2.5%, Azov – Black Sea ports – 244 million…Details
In early January the demand for the pipe products of the Belarus Iron and Steel Works increased by 2 thousand tons as compared with the average monthly level in 2016. According to the company statement, in January BMZ intends to produce 11 thousand tons of pipes and sell some 10.5 thousand tons. Some 70% will…Details
In 2016 Central Asia Metals produced 14.02 thousand tons of copper, up by 16.1% YoY.
According to the company statement, in Q4 copper output dropped by 17.8% YoY, to 3.01 thousand tons.
Copper sales in 2016 increased by 15.8% YoY, to 13.938 thousand tons. (Ukrainian metal)
The Zabaikalsky Krai governor Natalia Zhdanova has met the aide to the Norilsk Nickel vice-president Sergei Samoilov and the director of the tax department Andrei Kizimov. The parties discussed cooperation between the authorities of the Krai and the Bystrinsky Mining and Processing Works to be put into operation in Q4. “We are absolutely sure that…Details
On January 16, Corum Group completed the delivery of headgear to ArcelorMittal Temirtau.
According to the company statement, the lot comprised 4 units of machinery, with the first produced and delivered in November 2016.
Corum Group also supplies electric equipment and cleaning machinery to Kazakhstan. (Ukrainian metal)
Private limited company Metinvest B.V. (the Netherlands) has increased its share in the Mariupol Ilyich Iron and Steel Works from 74.722268% to 99.322555%. According to the group’s statement, its stake of voting shares in Mariupol Ilyich is now 99.619059%. Ilyich-Steel share in Mariupol Ilyich Iron and Steel Works decreased from 24.494605% of ordinary shares and…Details
VSMPO-Avisma Corporation has affirmed the investment plan for 2017. According to the general director Mikhail Voyevodin, the total investment funds this year will reach 10 billion rubles. The sheet-rolling complex will have to finish the investment project of plate straightening and annealing machine implementation. The smelting complex and the mechanical treatment shop will also draw…Details
PJSC ArcelorMittal Kriviy Rih continues educating children of company’s employees in English and IT-technologies at specialized schools “SmartStart English with ArcelorMittal” and “SmartStart IT with ArcelorMittal”. From January 13 till February 3, PJSC ArcelorMittal Kriviy Rih opens the application submission from company’s employees who want their children to study English or computer sciences. In the…Details
Almalyk Mining and Metallurgical Combine (AMMC) has completed a project worth $75.2 million to expand its main source of raw material – the Kalmakyr copper-porphyry deposit, a representative of the AMMC reported. The project envisaged involving the non-registered (extra-balance) ores of the quarry, making it possible to increase the volume of ore processing by 4…Details
Severnoye Olovo, controlled by tycoon Roman Abramovich’s Millhouse, has returned a license for the development of Russia’s largest tin deposit Pyrkakai to the government for it has decided not to develop the deposit. The Pyrkakai deposit, located in the Chukotka Autonomous District, is the fourth largest tin deposit in the world with reserves amounting to…Details
The Federal Antimonopoly Service of the Russian Federation has denied the claim of Seligdar to purchase up to 75.01% of the voting shares in the tin-mining company Rusolovo. Seligdar applied to the service in October 2016, stating that as the result of the deal it would own 100% in Rusolovo. But the FAS declined the…Details
The Cabinet of Ministers of Ukraine has simplified the procedure of scrap export registration and canceled the decree on the registration. This will liberalize foreign trade and eliminate old obstacles. “The decision cancels the red-tape procedure of contract registration, opening the free scrap exports, improving the business climate in Ukraine and decreasing corruption risks”, the…Details
The Pipe Metal Company, one of the world’s largest pipe producers, has sold TMK-Chermet for 6.2 billion rubles. “This sale has decreased our net debt”, the company said in a statement. The deal will not result in the change of the supply system. “TMK will still receive scrap under competitive market conditions”, the statement reads.…Details
Board of directors of Shubarcol komir appointed Kemal Usmanov the president of the company. Since 2003 Usmanov has been the deputy director of Kazmarganets Ore Group, and then till 2012 its director. From 2012 till January 2013 he has served as the director of the Don Mining and Processing Works. In October 2016 he has…Details
In 2016 Ukrainian metal companies increased electricity consumption by 0.02% YoY, to 28.76 billion kW-h.
According to the Ministry of energy and coal industry, machine-building companies increased electricity consumption by 0.2%, to 3.676 billion kW-h, while chemical companies consumed 2.968 billion kW-h of electricity, down by 3.8%. (Ukrainian metal)
Metinvest Group’s iron and steel works launched production of 49 new products last year. The rolled plate segment accounts for most of new 18 product items, and the rolled coil segment for 16 products. Furthermore, production of 15 new sizes of rolled long products and sections came on line in 2016. Metinvest’s enterprises produced new…Details
In 2016 Magadan region mined 27.9 tons of gold instead of 27.5 tons of the project target. “We have around 28 tons of gold, and this greatly increases our target indices. This will allow us to improve economic situation in the region and make our social support and sports construction programs more real”, the region…Details
In 2016 TMK shipped a total of 3,440 thousand tons of tubular products, down by 11.2% YoY. The decline was mainly due to lower welded pipe sales. Seamless pipe shipments remained almost flat YoY at 2,399 thousand tons. Welded pipe shipments were 1,042 thousand tons, down by 28.7% YoY, mainly due to lower output across…Details
In January-December 2016 Russian seaports handled 721.7 million tons of cargo (up by 6.7% YoY), says the press center of Association of Commercial Sea Ports. Transshipment of dry bulk cargo totaled 335.8 million tons (+7.5%) including 136.3 million tons of coal (+10.5%), 28.2 million tons of ferrous metals (+7.8%), 8.7 million tons of ore (+29.6%),…Details