Ukraine: AMKR to invest $1.5 billion into development

ArcelorMittal Kriviy Rih plans to invest $1.5 billion into development until 2020. “We would go on with our investment activities”, Paramjit Kahlon, the company CEO, explained. For the past 10 years AMKR has been investing some $250 million each year. According to Kahlon, the works operation has a positive impact on the economical situation in…

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Metals of Ukraine & Russia: cold-rolled coils, August 2016

Month

Ukrainian market, $/t, without VAT, EXW, $1/UAH25.489*

min

max

July

446

477

August

463

491

* – Ukrainian Hrivna and Russian Ruble exchange rates are as of 31.08.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)

Russia: NLMK sales up in Q3 2016

In January-September NLMK produced 12.3 million tons of steel, up by 2% YoY. Capacity loading increased by 1%, to 95%. Sales totaled 12.29 million tons, up by 2% YoY, including 4.36 million tons of semi-finished products, up by 1%, and 7.92 million tons of finished products, up by 3%, in particular 6.26 million tons of…

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Russia: SinTZ supplies Surgutneftegaz with casing pipes

Sinarsky Pipe Works (a part of TMK) has produced a batch of casing 146.1 mm diameter pipes with the total weight of 788.7 tons and shipped them to Sugrutneftegaz.

The pipes will be used in gas, gas-condensate and oil fields of the North at minus 600 degrees C. (Ukrainian metal)

Russia: MMK section sales up in Schelkovo

In January-August Magnitogorsk Iron and Steel Works trading house in Schelkovo increased its sections sales share in the Central region from 7% to 12%, while the market itself dropped by 2% since the beginning of the year.

But the trading house sales went up by 76% YoY, to 42 thousand tons. (Ukrainian metal)

Ukraine: Metinvest not expecting steel prices to grow considerably

Metinvest doesn’t see steel prices growing considerably in 2017. “We believe everything will be on this year’s level”, Yuri Ryzhenkov, Metinest CEO, reported. According to him, results of the antidumping investigations by EU will be important for Ukrainian producers. “From the point of view of Ukrainian manufacturers, everything depends on antidumping investigations. If they end…

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