In January-May Ukraine manufactured 7.92 million tons of rolled metal, up by 2.6% YoY, and exported 6.86 million tons, or 86.6%. Last year the share of exports was 83.2% (6.43 million tons out of 7.72 million tons). Semi-finished products accounted for 45.39% of exports (42.16% in January-May 2018), the share of flat rolled metal did…Details
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In January-May metal companies sold 1.064 million tons of metal to the domestic market. All in all local customers received 1.607 million tons of rolled metal, including 543.3 thousand tons or 33.8% of imported metal. In January-May 2018 local market consumed 1843.8 thousand tons of rolled metal, including 545.8 thousand tons of imported metal, or…Details
Interpipe wants Ukrzaliznytsia to sell scrap on FCA terms. “We do not buy scrap from Ukrzaliznytsia, as we do not agree with the terms of the current auctions. The key problem is the terms of delivery. They are trying to sell a batch of scrap lying somewhere and weighing none knows how much, protect it…Details
Cherepovets Iron and Steel Works has completed capital repairs of converter No. 3 in the converter steel shop. In 2018 the converter became the first at the works to be switched to the combined steel blowing. The converter was able to carry out 3200 steel blowings with the warranty index of 3000. The analysis of…Details
Ukraine must protect its market from the inflow of Chinese pipes. “China constantly increases the deliveries of seamless pipes to Ukraine, especially lately”, Interpipe CFO Denis Morozov said. According to him, earlier Europe, USA and Russia imposed a number of limitations on the delivery of Ukrainian pipe products. “In this trade war we must protect…Details
Uralelectromed has put into operation a new reverberatory furnace to produce copper granules. In one smelting the furnace processes 25 tons of raw materials, up by 5 tons from the previous furnace. The furnace will produce some 16 thousand tons of copper granules per year. This will help increase blue copperas manufacture. UEM has been…Details
Stepnoy Pit, a part of Russkiy Ugol, is developing the Chernogorskoye deposit. Since its commissioning in 1993 the pit has extracted over 65 million tons of coal. The anniversary 65-millionth ton was mined on May 24. Last year the pit extracted over 4.2 million tons of coal with 3.4 million tons processed at the factory.…Details
Elga Coal Pit has put into operation an ESH 20-90 C walking excavator. The machine valued at 1 billion rubles can load over 3 million cubic meters of rock per year. The excavator was produced by Uralmashzavod to order. This is the most powerful machine at the pit. It has the ladle volume of 20…Details
Greenleas International Holdings, Abiglaze Limited, Crosland Global Limited and Toshi Holdings have announced their decision to sell some 1.7% of Evraz shares. According to Evraz, this is around 25 million shares. Romans Abramovich indirectly owns Evraz shares through Greenleas International Holdings, Alexander Abramov – through Abiglaze Limited, Alexander Frolov – through Crosland Global Limited, and…Details
In January-May Russia produced 25.6 million tons of rolled metal, on par with 5 months of 2018. In May output grew by 8.5% MoM and by 0.9% YoY. According to the Federal Service of State Statistics, pig iron manufacture in 5 months totaled 21.3 million tons, down by 1.5%, with May results up by 3.7%…Details
Central Mining and Processing Works has signed an agreement on the social and economical partnership with the Petrovsky district administration and the district council. Combined investments in the development of the district infrastructure, educational, sports and medical facilities this year will reach 7 million UAH. In particular, under the contract it is planned to repair…Details
Russian Railways and the Union of Railway Operators Market have complained to the Federal Antimonopoly Service about high prices for wheels. According to the claim, annual demand for wheels amounts to 1.6 million while only 1.5 million are produced. The wheels for the Russian track gauge are made by the Vyksa Iron and Steel Works,…Details
Chairman of the Central Bank Artur Javadyan said that Armenia would soon start producing gold bars. Addressing a government meeting on June 19, Javadyan revealed that a factory would be established, and that all the equipment had already been purchased. “We are working with a prestigious Swiss company. A factory will open to enable our…Details