In August Russian metal companies shipped 5.15 million tons of metal via railroad, up by 3.5% YoY. Sales to domestic market dropped by 5.9%, to 3.02 million tons, while exports grew by 20.6%, to 2.13 million tons. In January-August metal sales via railroad reached 42.8 million tons, up by 5.3% YoY, with local deliveries up…Details
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In August 6.42 million tons of ferrous metals were transported via railroads, up by 7.8% YoY. Deliveries to the domestic market totaled 3.7 million tons, up by 0.1%, with exports up by 28.4%, to 2.29 million tons, but imports down by 16.2%, to 335.8 thousand tons. In January-August transportation reached 52 million tons, up by…Details
A new horizontal curing line valued at 123 million rubles has been assembled at the cable shop of Electrocable. It will increase control and ship cable output by 10-20%. Annually Electrocable produced over 2.5 thousand ship and cargo cables in coating without halogens. All the products are approved by the Russian River Register and Russian…Details
Severstal – Bar Works Balakovo has shipped the 3-millioth ton of metal. The anniversary ton consisting of rebars No. 16 was shipped to the A Group metal trader in Moscow region. The bars manufactured in Balakovo are supplied via metal traders and Severstal Distribution for the construction of a number of projects all over Russia.…Details
Chelyabinsk Iron and Steel Works has expanded the size portfolio of its I-beam used in construction. In particular, the company rail and beam mill has started producing the 16B2 beam. ChMK has certificates for the complete I-beam range according to the new GOST in effect since May 1. At present the company can produce over 60…Details
The department of the inner market protection of the Eurasian Economic Committee reports the start of the antidumping investigation on hot-deformed seamless pipes of corrosion-resistant steel produced by China and imported into EAEU. The investigation has been initiated at the request of major Russian pipe enterprises. At present antidumping duties are imposed by EU and…Details
In August Yuzhniy Mining and Processing Works produced 1038.9 thousand tons of concentrate, up by 0.5% YoY. According to the company statement, sinter output dropped by 36.2%, to 104.6 thousand tons. In January-August UGOK produced 8143.5 thousand tons of concentrate and 1055.7 thousand tons of sinter, down by 0.3% and by 12.8% YoY respectively. In…Details
The prices of some precious metals decreased in Azerbaijan on September 5, according to the data published by the Central Bank. The price of gold dropped by 10.5825 manats, to 2,029.0265 manats per ounce on September 5, compared to the price on September 4. The price of silver fell by 0.5654 manats, to 24.0524 manats…Details
On August 27 Verkhnevolzhsky Service Metal Center opened a warehouse of coil steel with the size of 2625 square meters. The warehouse can accommodate up to 1810 coils, which completely meets the manufacturing capacities of the company. To service the clients the new site has two bridge cranes with the lifting capacity of 16 tons.…Details
The largest receivers of VAT among metal companies in August were Azovstal and Mariupol Ilyich Iron and Steel Works – 687.2 million UAH (636.6 million UAH in July) and 557.8 million UAH (908.9 million UAH) respectively. Zaporizhstal received 423.2 million UAH (562.9 million UAH), while ArcelorMittal Kriviy Rih – 375.8 million UAH (992.8 million UAH).…Details
In January-July Ferrexpo exported 5.768 million tons of iron ore pellets. In particular PGOK exported 4.465 million tons and EGOK – 1.303 million tons. Karelsky Okatysh (Russia) exported 3.239 million tons of pellets. Metinvest exports totaled 2.979 million tons, including CGOK – 1.348 million tons and SevGOK – 1.631 million tons. Metalloinvest (Russia) exported 2.353…Details
Evraz has reported that its key shareholders have changed the structure of the company ownership. Previously they owned 62.74% in the company through the Cyprus-based Lanebrok Limited, but now their stakes have been transferred to their own companies. Thus, Roman Abramovich indirectly owns 30.52% of Evraz through Greenleas International Holdings Lt with BVO; Alexander Abramov…Details
Caljan Rite-Hite, which produces loading transporters and elevators, has purchased the mechanical shop of the Liepājas metalurgs. There the company intends to assemble its own manufacture. According to company director Gatis Dradeika, the negotiations with the Citadele bank on the purchase were long and complex, as they involved a third party – the state. Caljan…Details