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Mechel has signed a contract with Jiangsu Sha Steel Group, the largest private steel manufacturer in China, on coal delivery. The new contract will be valid from September 2019 till August 2020. Mechel will have to ship 720 thousand tons of premium coking coal produced at Yakutugol to JSS. The price will be based on…
DetailsIn January-June Severstal sold 2.9 million tons of metal to Russian construction companies, up by 16% YoY. This year the group decided to focus on end consumers and restructured its operation with metal traders. The increase of sales was favored by the expansion of geography of sales and the development of logistics. For example, Severstal…
DetailsActing governor of Chelyabinsk region Alexei Tesler has paid a visit to Asha Iron and Steel Works. In particular, he visited the sheet-rolling shop No. 1 commissioned in 1952. In 2014 the first stage of modernization was complete. The shop produces thick sheet of carbon, low-alloyed and structure steel grades at the mill-2850 for slabs…
DetailsMetals giant Norilsk Nickel plans to install Russia’s first, 2-billion ruble air conditioning on the Taimyrsky mine, the company said in a statement on August 8. The launch is scheduled for July-September 2020. The total consumed electric power capacity is planned at 6 megawatts. Similar systems are used in China and Poland. (Prime/Ukrainian metal)
DetailsIn January-July lime railroad deliveries grew by 41% YoY, to 236 thousand tons. At the same time, July saw the lowest level of sales since the start of the year – 26 thousand tons, up by 67% YoY. The main consumers were ArcelorMittal Kriviy Rih (bought small batches last year), Zaporizhstal (down by 27%) and…
DetailsIn January-July railroad deliveries of limestone grew by 7% YoY, to 6.6 million tons. In July deliveries went up by 3% YoY, to 1 million tons, but decreased by 11% MoM. Dniepropetrovsk and Donetsk regions were the largest consumers, accounting for 70% of purchases. The main consumers of limestone are metal companies. In particular, Novotroitskoye…
DetailsEvraz has agreed on the sale of its vanadium manufacturer Evraz Stratcor Inc. to a third party. The sum of the deal is not disclosed. It is expected the deal will be finalized in September. Evraz bought 73% of Stratcor in 2006 for $110 million. (Ukrainian metal)
DetailsTop managers of ArcelorMittal Kriviy Rih had a meeting with the President of the State Volodymyr Zelenskyi in the end of July, and recently had negotiations with the representative of the Office of the President of Ukraine, having discussed possibilities to improve environmental footprint and to implement social projects in Kriviy Rih. The result is…
DetailsIn January-July Ukraine received $5.61 billion of revenue from the export of ferrous metals, down by 9.4% YoY. According to the State Fiscal Service, ferrous metals accounted for 19.53% of all export revenue as opposed to 23.07% in January-July 2018. In July Ukraine exported $818.21 million worth of ferrous metals. Imports in 7 months dropped…
DetailsMechel-Service has supplied 300 tons of rebars for the construction of a landing strip of the new airport in Tobolsk, Tyumen region. The rebars have been manufactured by Chelyabinsk Iron and Steel Works. The length of the strip will be 2.4 km and the width 45 m. The construction is to have been completed by…
DetailsIn January-June Evraz received $344 million of net profit, down by 70% YoY. Revenue dropped by 3.2%, to $6.14 billion, and EBITDA – by 22.2%, to $1.482 billion. The decrease is due to the lower prices of vanadium, coal and steel products. At the same time the company has increased its money flow – from…
DetailsFrom August 15 the state enterprise Yuzhnodonbasskoye No. 1 Mine Group will be cut off grid by the demand of the electricity supplier Ukrenergougol. On July 30 the electricity supply to the mines was limited because of the debt of 132 million UAH accumulated in 2016-2018. In 2018 Yuzhnodonbasskoye No. 1 Mine Group produced 465.1…
DetailsIn January-June Ukraine imported 39.394 thousand tons of scrap valued at $22.024 million, up by 52.7% and by 0.1% YoY respectively. According to the State Fiscal Service, the main suppliers were Turkey (49.5%), Russia (41.65%) and the Netherlands (3.02%). Ukraine also imported 488 tons of hot-briquetted iron from Russia valued at $166 thousand, as opposed…
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