In Q3 Evraz decreased its consolidated steel sales by 10.3% YoY, to 3.1 million tons. The decrease is due to the drop in pig iron manufacture. Rolled metal sales fell by 1.2%, mostly because of the decrease in the railroad rails, wheels and flat metal sales. Semi-finished steel products sales fell by 0.7%. Coking coal…Details
Russia sells coal from the territory of Donbas not controlled by the Ukrainian authorities to Turkey and possibly to Poland, Ukrainian Foreign Minister Pavlo Klimkin has said. Klimkin said that Russia blended Ukrainian coal with its own coal so that it could not be identified. “Then the coal goes to Turkey. Now the investigation is…Details
In September Ukraine dropped to the 13th place in the rating of 67 countries, compiled by the World Steel Association. China traditionally occupies the first place with 80.85 million tons of steel produced, up by 7.5%. Ukraine decreased steel output by 7.6%, to 1.787 million tons, losing to Taiwan, which increased steel manufacture by 6.5%,…Details
According to the Electrozinc CEO Igor Khodyko, the restoration of the electrolysis shop following the October 21 fire might take 6-8 months. “The works has completely stopped operating. But now we are pondering the resumption of the shop work. First we have to estimate damages and compile a schedule of work”, he said. He stressed…Details
The NLMK trading house is starting online sales of rebars from its warehouse in the city of Kazan.
The first customers will be provided with a discount from each ton ordered.
The warehouse offers 12 types of rebars in rods and 8 types of rebars in coils.
The minimum order is 4 tons. (Ukrainian metal)
At a meeting held on October 25 NLMK Group’s Board of Directors recommended the company’s shareholders approve payment of Q3 dividends of 6.04 rubles per share at the upcoming Extraordinary General Shareholder Meeting (EGM), which would be held on December 21. The dividends are equivalent to 86% of the company’s free cash flow based on…Details
In Q3 NLMK Group EBITDA growth totaled 11% QoQ, to $1,015 million. EBITDA margin was 32%. Net income grew by 11%, to $646 million. Free cash flow doubled to $638 m. Net debt/EBITDA hit its minimum in a decade of 0.25x. Group revenue in Q3 totaled $3.13 billion (+0.5% QoQ, +23% YoY). The decrease in…Details
Prices of gold, silver, platinum and palladium varied in Azerbaijan on October 25, according to the data published by the Central Bank. The price of gold increased by 7.8625 manats, to 2,102.237 manats per ounce on October 25 compared to the price on October 24. The price of silver decreased by 0.0844 manats, to 25.0594…Details
The net loss of Russian metals producer Mechel narrowed by 2% YoY, to 12 billion rubles in January-September, as calculated under Russian Accounting Standards (RAS), the company said. Revenue almost doubled to 9.5 billion rubles, and the gross profit more than quadrupled to 9.4 billion rubles. Long-term liabilities have grown by 12.3% since the start…Details
The processing factory of the Orken-Atasu will enter the new 2019 year with a completely modernized complex. Investments of ArcelorMittal Temirtau in the project will reach over 3 billion tenge. The factory employees have completed the manufacturing plan of iron ore mining and processing in advance. Thus, the factory was ready for the large-scale reconstruction…Details
In October Kinross Gold received the first Dore ingot of ore mined at the Moroshka deposits in Chukotka. The ore was processed at the Kupol mine. The company will be developing the site in 2019-2020. It intends to extract some 3.4 tons of gold per year at Moroshka. The Moroshka reserves are estimated at 6.86…Details
Karelsky Okatysh has started using a “virtual aide” when producing pellets. For this a special optimizing model was installed at three pelletizing machines, the main tasks of which are to improve product efficiency and save fuel oil without loss of quality. “Fuel oil is an expensive fuel and the main part of expenses in the…Details
MMK and Sinosteel Equipment & Engineering Co have signed a memorandum of intention and cooperation in the project to reconstruct the MMK coke manufacture. The parties have agreed to conclude agreements for the construction of objects under the project. The project presupposes the construction of the coke-oven battery No. 12, reconstruction of the recovery plant,…Details
Metinvest provides jobs to 64.786 people, or 34% of all the employees of the metal industry. ArcelorMittal Kriviy Rih is on the second place, followed by Dneprovsky Iron and Steel Combine, which officially belongs to ISD, but is in fact controlled by Metinvest. The average salary at Metinvest is 14,535 UAH, up by 59% from…Details
The underground strike of the miners from the mine named after Kapustin has been going on for over a week. The miners are demanding the clearing of salary debts and firing the Lisichanskugol management. At present 26 miners are striking, 7 have already been taken to the hospital. “They are going on a hunger strike,…Details
The court has penalized the ex-acting CEO of the state enterprise Volynugol Fedor Bogdan for 3.4 thousand UAH. Bogdan was penalized for the misuse of 5.2 million UAH. At present he occupies the position of the first deputy CEO – technical director of Volynugol. In 2015, when Bogdan was the acting CEO, he informed the…Details
Energomashspetsstal has concluded an agreement to supply rolls to the ISD Dunaferr.
According to the company statement, for the Hungarian plant it will produce 7 backing rolls for hot- and cold-rolling mills.
The weight of the whole batch is 174.8 tons.
According to the schedule, the rolls will be delivered in July-October 2019. (Ukrainian metal)
NLMK Group, a global steel company, is pleased to announce the appointment of Dmitry Kholkin to the newly created position of Vice President of Digital Transformation. The key goal for Dmitry Kholkin and his team will be to use advanced data analysis tools and other digital technologies to develop the company’s production and support processes.…Details
In September Ukraine exported $70.387 million worth of steel pipes, up by 42.2% YoY. According to the State Fiscal Service, imports dropped by 4.5%, to $12.399 million. US saw the largest exports – $9.615 million. In January-September pipe exports grew by 39.9%, to $554.955 million, while imports – by 46.2%, to $123.547 million. In August…Details
In January-August Ukraine exported 24.7 million tons of iron ore raw materials valued at $1.88 billion. Last year the exports were 25.78 million tons at $1.744 billion. Imports decreased from 204.998 thousand tons ($21.8 million) in 8 months of 2017 to 9.09 thousand tons ($630.9 thousand). 69% of the Ukrainian iron ore raw materials were…Details
In January-August Ukraine exported 4.431 million tons of semi-finished steel products valued at $2.12 billion, as opposed to 3.83 million tons valued at $1.1451 billion last year. In 8 months Ukraine imported 28.665 thousand tons of steel semis valued at $17.335 million, up from 7.362 thousand tons at $3.968 million. The Western Europe countries accounted…Details
In January-August Ukraine exported 2.11 million tons of pig iron, up by 45% YoY. According to the State Statistics Service, the exports value was $737.285 million as opposed to $447.57 million last year. At the same time Ukraine imported 0.997 thousand tons of pig iron valued at $569.4 thousand tons, while in January-August 2017 it…Details
Ormet has started replacing floatation machines at its processing factory. This year the company has already replaced a RIF floatation machine with the volume of 16 cubic meters. The new rotor-mechanical machine of the Russian origin is better protected from corruption and wear. By the end of the year Ormet intends to have replaced two…Details
Severstal – Bar Works Balakovo has mastered the manufacture of A600C rebars (ArmaNorma). The rebars with the diameter of 10-40 mm for ferroconcrete structures correspond to GOST 34028-2018 and TU 14-1-5596-2010. “The new rebars are corrosion-resistant, which is provided for by the chemical elements contained in the steel. The ArmaNorma guarantees a longer life time…Details
In January-September the Pipe Metallurgical Company sold 3.004 million tons of pipes, up by 7% YoY. Seamless pipes accounted for 2.025 million tons, up by 1%. The sales of welded pipes totaled 0.979 million tons, up by 19%, and OCTG pipes – 1.422 million tons, up by 8%. The Russian division of TMK sold 2.162…Details
Norilsk Nickel is negotiating with the Chinese partners the choice of the site for Bystrinsky Mining and Processing Works IPO. “Our partners see Hong Kong or Shanghai as the site, while we want Moscow or London”, Nornickel president Vladimir Potanin said. The issue will be discussed in autumn 2019, when the GOK reaches its design…Details