CIS: steel output up in 2018

In December 2018 Russia produced 5.87 million tons of steel, down by 5.9% YoY (5.68 million tons in November 2018). In the whole year steel manufacture increased by 0.3% YoY, to 71.68 million tons. Ukraine, though no longer a part of CIS, decreased steel output in December 2018 by 0.6%, to 1.885 million tons (1.659…

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Russia: Evraz KGOK commissions new locomotive

Evraz Kachkanarsky GOK has pit into operation a new electric locomotive NP-1 with two diesel dump cars.

The locomotive has been specifically designed for KGOK and has the higher speed of up to 65 km per hour.

The length of the locomotive is 65 meters and the weight is 360 tons. (Ukrainian metal)

Russia: TMK Chermet scrap procurement share over 9% in 2018

In 2018 TMK Chermet sold over 2 million tons of scrap, flat YoY.

The company share on the local market was 9.28%.

At the same time the share of the regional enterprises in the total procurement grew from 40% to 45%. (Ukrainian metal)

Russia: Kandalaksha Aluminum Works resumes exports to Europe

Kandalaksha Aluminum Works, owned by Rusal, resumes exports to the European market.

Russian aluminum will be coming to Europe through the border with Finland.

According to the customs statistics, for the past 1.5 years the company has not been exporting aluminum to Europe. (Ukrainian metal)

Kazakhstan: Kazchrome output up in 2018

In 2018 Kazchrome mined 480 thousand tons of manganese ore, up from 400 thousand tons in 2017.

Last year the company produced around 150 thousand tons of manganese concentrate, up 1.5-fold YoY.

Another company asset – Aktyubinsk Ferroalloy Works – increased output by 16.7%, to 630 thousand tons. (Ukrainian metal)

Russia: EZOTsM to increase exports to Uzbekistan

In late 2018 a delegation of Yekaterinburg Non-Ferrous Metals Processing Works visited Uzbekistan. The members of the company met with the representatives of two mining and processing works, cement manufacturer and continuous basalt fiber enterprise. The latter is already a customer of EZOTsM. The company intends to increase exports to Uzbekistan at least 2-2.5-fold. The…

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Armenia: re-launch of Teghut mine possible

The Teghut mine might get re-launched, according to Minister of Economic Development and Investments Tigran Khachatryan. When asked about the chances of Teghut resuming operations, the minister said: “Yes, there is hope, nothing is hindering them to start restoration works after clarifying their relations with the bank,” he said. In 2017, Teghut produced and exported…

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Ukraine: rolled metal imports up in 2018

In 2018 rolled metal consumption in Ukraine grew by 6.36% YoY, to 5.388 million tons.

Deliveries of domestic companies to the local market went up by 5.37%, to 3.946 million tons.

Imports grew by 10.78%, to 1.442 million tons.

Flat metal dominated over the bars in the import structure (51.05% vs 45.9%). (Ukrainian metal)

Ukraine: Standard&Poor’s improves Metinvest ratings

S&P Global Ratings has confirmed the long-term ratings of Metinvest in the national currency at B- with positive outlook (the previous being stable).

Earlier International Financing Review named Metinvest refinancing its debt the deal of the year among developing states.

In January-September 2018 Metinvest consolidated revenue increased by 46% YoY, to $9.063 billion. (Ukrainian metal)