According to Chelyabinsk Zinc Works commercial department director Alexander Pechenkin, in 2018 the zinc shortage on world market in 2018 was some 348 thousand tons. Its reserves dropped by 143 thousand tons, to 880 thousand tons. This year, compared with 2016, the forecast growth of zinc consumption in Russia will reach 20%. The zinc shortage…Details
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Russia has asked the World Trade Organization (WTO) to form an arbiter panel in its dispute with the E.U. on the union’s anti-dumping duty on cold-rolled steel imports, the Economic Development Ministry said. The duties, introduced in 2016, amount to 18.7% for products of Magnitogorsk Iron and Steel Works (MMK), to 34% for Severstal, and…Details
Crispian Investments, owned by tycoon Roman Abramovich and his partners, has no plans to sell more shares in Russian metals giant Norilsk Nickel, Crispian’s co-owner Alexander Abramov said. On March 12, a financial market source said that Crispian offered a 1.7% stake in Norilsk Nickel for about $560 million, or about 13,450 rubles per share.…Details
In 2018 Russia exported 109.2 thousand tons of corrosion-resistant steel scrap valued at $120 million, up by 0.7% and by 13% YoY respectively. This is also the highest result in 10 and 6 years respectively. Scrap with nickel contents of 8% and more accounted for some 75% of exports. (Ukrainian metal)Details
In 2018 Russia imported 309.5 thousand tons of flat corrosion-resistant steel valued at $712 million, up by 10.5% and by 17% YoY respectively. This is also the highest result in the past 10 years. Sheet with the width of 600+ mm accounts for some 90% of imports. The main supplier was China (51%), which increased…Details
The Ministry of Industry and Trade intends to hold a number of meetings with the management of the major metal companies to discuss a potential embargo on the steel scrap export. According to a ministry representative, the issue has to do with the trend to limit the export of scrap as a product of the…Details
In 2018 Metalloinvest received 1.647 billion rubles of net profit, up by 17.1% YoY. Revenue grew by 15.3%, to 7.187 billion rubles. The output of pellets and hot-briquetted iron reached 27.7 million and 7.8 million tons respectively. EBITDA went up by 38.4%. (Ukrainian metal)Details
In January-February Ukraine mined 5.1 million tons of coal, down by 4.4% YoY. According to the Ministry of Energy and Coal Industry, coking coal output dropped by 18.1%, to 872.8 thousand tons, and energy-generating coal – by 1%, to 4.23 million tons. In February coal mining went down by 7%, to 2.49 million tons. Enterprises…Details
In February Pobuzhye Ferronickel Plant slightly decreased nickel output because of the repair of the main machinery. “We had a scheduled repair of furnaces in February, so the output dropped. Since early March the furnaces have been put back into operation”, the company said. In March the company will regain its full capacity. The repair…Details
In January-February Magadan region extracted 4569 kg of gold and 99.7 tons of silver. Gold output increased 1.8-fold YoY, while silver extraction did not change. In the first two months of 2017 the region yielded 2516.4 kg of gold. The considerable increase in gold output has to do with Natalkinskiy GOK reaching its design capacity.…Details
In January-February Interpipe Steel produced 132 thousand tons of steel, down by 11.4% YoY. In February 61 thousand tons of steel were manufactured. Last year the company produced 973.8 thousand tons of steel round billets, up by 15% YoY. (Ukrainian metal)Details
In February scrap procurement dropped by 41% MoM, to 136 thousand tons. Delivery to metal companies fell by 44%, to 128 thousand tons, while exports grew by 267%, to 8 thousand tons. In January-February scrap procurement decreased by 38% YoY, to 356 thousand tons, with deliveries to metal companies down by 39%, to 354 thousand…Details
In February Kazakhstan produced 0.238 million tons of steel, down by 32.8% YoY. In January-February steel manufacture dropped by 37.2% YoY, to 0.462 million tons. The manufacture of rolled metal in February was 0.113 million tons and in 2 months – 0.183 million tons, down by 50.6% and by 62% YoY respectively. Ferroalloys output increased…Details