Bratsk Aluminum Works has successfully passed an audit for the correspondence to the ship classification requirements (DNV-GL-RU-SHIP) and has received a certificate for the alloys used in shipbuilding. The audit has been carried out at the request of the Kamensk-Uralsky Iron and Steel Works (KUMZ), which manufactures and supplies products to the shipbuilding plants. As…Details
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The net profit of the Russian metals giant Norilsk Nickel rose by 44% YoY, to $3.059 billion in 2018, as calculated under International Financial Reporting Standards (IFRS). Revenue increased by 28%, to $11.67 billion, while earnings before interest, taxes, depreciation, and amortization (EBITDA) grew by 56%, to $6.231 billion. The EBITDA margin rose to 53%…Details
Russian metals giant Norilsk Nickel expects an 800,000-ounce palladium deficit in 2019, as demand will outstrip supply, the company said. The price of palladium has been hitting historic highs recently due to low supply and high demand from auto producers that strive to meet strict environmental norms. This year palladium is becoming a preferable metal…Details
According to Worldsteel, steel output in January totaled 146.7 million tons, up by 1% YoY. China produced the most steel as usual – 75.01 million tons, up by 4.35%. Chinese share in the world output is 51.1%. Ukraine is still on the 13th place, having produced 1.85 million tons of steel, down by 4.9% YoY.…Details
In January Ferrexpo exported 939.7 thousand tons of iron ore pellets. In particular, Poltava GOK shipped 750.7 thousand tons and Yeristovo GOK – 189 thousand tons. Metalloinvest (Russia) exported 435.6 thousand tons of pellets (Mikhailovsky GOK – 364.2 thousand tons and Lebedinsky GOK – 71.4 thousand tons). Metinvest exported 369.3 thousand tons of pellets (Central…Details
ArcelorMittal Kriviy Rih will increase funding to purchase personal protective equipment (PPE) for its employees: from 81.7 million UAH in 2018 to 96.3 million UAH in 2019. A part of PPE has already arrived at the enterprise. There are new products in addition to traditional PPE – heavy-duty clothes and shoes with steel caps, earplugs,…Details
In January Ukraine exported $287.21 million worth of flat rolled metal, up by 33.9% YoY. According to the State Fiscal Service, imports dropped by 6.3%, to $46.2 million. Compared with December 2018 exports grew by 19.5%, while imports fell by 7.1%. The largest deliveries were made to Poland ($24.719 million). (Ukrainian metal)Details
The Russian president Vladimir Putin has ordered the government to develop suggestions on the upgrading of the scrap sphere. The suggestions should touch the rules of scrap procurement and sales, including using digital platforms. The suggestions should be ready by May 31. The Russian scrap market is estimated at 1 trillion rubles per year. (Ukrainian…Details
In 2018 Severstal Distribution transported 2 million tons of rolled metal, up by 70% YoY. 95% of cargo was transported by sea and river transport, as well as automobiles. Water transportation volumes doubled: to Russia 100 thousand tons were supplied, and to the European markets – 1 million tons. Automobile transportation increased by 30%, to…Details
In 2018 Sibcable manufactured products valued at 11 billion rubles, up by 11-12% from the plan. “We had a successful year. Though the plans were ambitious, all the goals were reached. We developed some 17 new structures of cable wares. We’re currently looking for and developing new materials”, the company director Alexei Zhuzhin said. One…Details
The owners of the manufacturing company DIA and the pipe works Profil-Akras decided to merge companies into the United company Akras DIA. The first products are expected to be produced from April 1. The new company will honor agreements of the previous two companies. At the same time, only steel pipes manufacture will be merged.…Details
The Ministry of Industry and Trade and the Federal Antimonopoly Service with the participation of metal companies have developed a new standard for the purchase of large diameter pipes. The price is calculated according to a formula stipulated in the contract. Gazprom is prohibited from buying more than 15% of pipes under short-term contracts. The…Details
Chelyabinsk Zinc Works has put into operation new machinery in the hydrometallurgical shop. The machine is used to filtrate flotation products and zinc cake underflow. The filter-press was supplied by Fraccaroli & Balzan, Italy. The hydrometallurgical shop now operates 11 filter-presses. The capacity of the new machine is 40 dry metric tons of cake per…Details