Dniepropetrovsk Metal Structures Works named after Babushkin has dismissed Rustem Asilgareev from the office of the general manager and appointed Helen Tarasenko acting CEO instead. Asilgareev has been in the office for 15 months. Tarasenko has been appointed for an indefinite term. Previously she worked as the financial director of the company. Neither owns company…
DetailsThe state enterprise Ukrpromvneshexpertisa (UPE) believes square billet prices (FOB Black Sea) in September will increase by $15-20 per ton MoM, to $335-340 per ton. The company analysts expect the increase in demand on European markets in September, as well as in Turkey and Near East due to the start of the autumn construction period.…
DetailsThe state enterprise Ukrpromvneshexpertisa (UPE) believes iron ore raw materials prices in October (Australian Fe 62% ore CFR China) will drop below $50 per ton on the world market. “We’re not yet sure how long it will last – a week, 2 or 3, but the prices will be below $50”, said the company analyst…
DetailsMariupol Ilyich Iron and Steel Works has finished repairing its sintering machine No. 4. The overhaul started on July 15. In addition to the repairs the sintering machine also received the new gas-purifying system. At present the sintering machine undergoes the commissioning work. Mariupol Ilyich is one of Ukraine’s largest metal companies. It produces pipes…
DetailsRusal started the producing 99% scandium oxide. The market price of the new product is up to $2,000 per kg. The new product output started at the Urals Aluminum Smelter (UAZ) after the installation and launch of the pilot unit for the processing of scandium concentrate into scandium oxide. Experts at Rusal Engineering and Technology…
DetailsThe Indian Ministry of Finances has imposed the preliminary antidumping duties on flat cold-rolled metal from China, South Korea, Japan and Ukraine. The duty is the difference between $594 and the customs cost of the cold-rolled steel per ton. If the steel is sold at this price or higher, the duty is zero. Complaints to…
DetailsKarelsky Okatysh has assembled new equipment at its fine crushing site – the second advanced crusher. The replacement of the first two crushers is the beginning of the large project of the whole ore crushing network modernization. The goal of the project is to improve the quality of pellets and increase the output volumes. One…
DetailsVolzhsky Pipe Works has confirmed the correspondence of its seamless and welded pipes manufacture to DIN EN 10216-1, DIN EN 10216-2, DIN EN 10216-5, DIN EN 10210-1 and DIN EN 10219-1, as well as the 2014/68/EU PED and EU CPR 305/2011. All the pipe samples and technological processes have passed the audit. Thus VTZ was…
DetailsIn July Russia’s gold bar production decreased by 15.5% YoY but rose by 3.4% MoM, the Federal State Statistics Service said in a statement on Wednesday. Platinum production decreased by 13.2% YoY and rose by 2.4% MoM. Palladium output fell by 5.8% YoY and increased by 1.1% MoM. Gold-bearing ore and concentrate production went down…
DetailsOn August 16, the Customs Service of Taiwan imposed the preliminary antidumping duties on the imports of hot-rolled sheet originating from Ukraine, Brazil, China, India, Indonesia and South Korea. The 8.66-80.5% duty will come into effect on August 22, for 4 months. For Mariupol Ilyich Iron and Steel Works, Metinvest and other Ukrainian manufacturers the…
DetailsIn January-June Turkey imported 9.18 million tons of ferrous metals scrap valued at $1.97 billion, up by 8.4% and down by 20% YoY respectively. According to the Turkish Statistical Institute, imports from US went up by 7.8%, to 1.89 million tons, from Russia – by 16.1%, to 1.43 million tons, and from UK – by…
DetailsTaganrog Iron and Steel Works has produced a trial batch of pipes with external upset ends for TMK Neftegazservis-Buzuluk.
The first batch of pipes with 73 mm diameter was made at the SMS Meer press.
The need to start producing such pipes was due to the increasing demand from oil industry. (Ukrainian metal)
Mariupol Ilyich Iron and Steel Works goes on expanding its range of rolled sheet at 1700 shop. “We’ve started making 1.2×1000 mm rolled metal of 08PS low-carbon steel. Such products are in demand now. They allow to substitute the expensive cold-rolled coils with cheaper hot-rolled ones”, said the company CEO Yuri Zinchenko. The works has…
DetailsZaporizhstal has invested 630 million UAH in new gas-purifying systems at its sintering machines No. 3-6 and has started construction at the SM6. The foundation works have been completed, over 300 tons of metal structures have been erected, gas-purifying equipment at sintering machine No. 6 is being assembled. This is the last sintering machine at…
DetailsThe Canadian International Trade Tribunal (CITT) has prolonged the antidumping duties on the imports of carbon steel and alloyed hot-rolled sheet originating from Brazil, China and Ukraine for 5 years. CITT has decided that such imports harm Canadian manufacturers of these products. At the same time, the tribunal has canceled the corresponding duties in respect…
DetailsRussia’s copper reserves were over 100 million tons as of 2015 year-end and they are not depleted at all, Minister of Natural Resources Sergey Donskoi said. “Russia is world’s third by copper resources and overcame the level of 100 million tons in 2015, and is sixth by production, supporting near 4-5% of global production”, Donskoi…
DetailsRussian President Vladimir Putin issued a number of assignments after the meeting on rare-earth metals production and consumption held in Velikiy Novgorod on July 29, website of the Kremlin said. In particular, the government is tasked “to consider reduction of the mineral extraction tax (MET) rate in respect of rare and rare-earth metals” by December…
DetailsNLMK Group has begun commercial operation of a hydrogen unit that generates hydrogen from natural gas through vapor reforming at VIZ-Steel in Yekaterinburg, where hi-tech transformer (grain-oriented) steel is produced. This project will provide a three-fold reduction in the cost of hydrogen production. The new technology, which replaces expensive electrolysis, requires 30 times less energy…
DetailsMonth Russian market, $/t, EXW, without VAT, $1/RUR64.2575* Ukrainian market, $/t, without VAT, EXW, $1/UAH24.854* Export, Ukraine, $/t, FOB Black sea ports Export, Russia, $/t, FOB Black sea ports min max min max min max min max May 511 750 394 528 505 510 518 574 June 556 750 435 487 410 440 410 430…
DetailsAt a meeting held on August 12, NLMK Group’s Board of Directors recommended NLMK shareholders to approve of payment of Q2 dividends at the upcoming Extraordinary General Shareholder Meeting (EGM) to be held on September 30. NLMK Group’s Board of Directors recommended NLMK shareholders to approve of Q2 dividends of 6,473 million RUB, or 1.08…
DetailsChelPipe Group has announced IFRS Financial Results for H1 2016. According to its press release, the gross profit went up by 2% to 21,94 million rubles, with EBIDTA growing by 2,5 million rubles. The EBITDA margin rose by 5.7% to 24.7% as a result of the improved shipments structure, in particular, increased OCTG share and…
DetailsArcelorMittal Kriviy Rih is implementing a major investment program on development valued at $1.2 billion. Among other things the company plans to reconstruct converter shop and build new has-purifying machines. Also AMKR intends to develop its rolling manufacture, switch its MS 250-4 shop to 150 mm square billets and construct a new rod line at…
DetailsEvraz Yuzhkoks has started producing coke of premium quality with 62.4% strength after reaction (CSR). According to the company statement, previously this index was on the level of 50-55%. “This increases the competitiveness advantages of our works and lets us expand sales markets, including foreign ones”, said the company. Strength after reaction is one of…
Details|
Month |
Russian market, $/t, EXW, without VAT, $1/RUR64.2575* |
|
|
min |
max |
|
| May |
586 |
731 |
| June |
586 |
783 |
* – Ukrainian Hrivna and Russian Rouble exchange rates are as of 30.06.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)