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In May Russia decreased semi-finished steel products exports by 17.6% MoM and by 18.2% YoY, to 1.12 million tons. According to the Federal Customs Statistics, in January-May exports dropped by 5.6% YoY, to 6.42 million tons, valued at $2.798 billion, down by 18.5%. Taiwan accounted for 23% of all purchases, down by 5.8%. Average price…
DetailsIn May Russia increased scrap imports from Kazakhstan by 19% YoY, to 59 thousand tons. At the same time, in monthly terms imports fell by 31%. In January-May Russia imported 268.3 thousand tons of scrap from Kazakhstan, up by 72%. Average price in May on Russian border was $234.4 per ton. (Ukrainian metal)
DetailsAt the Magnitogorsk Iron and Steel Works (MMK) there are already 16 software robots successfully imitating the actions of real workers. By the end of 2019, the company plans to have automated a total of 32 manufacturing processes. The head of the MMK-InformService project office, Valery Rybolovlev, spoke about the company’s automation during the Digital…
DetailsMagnitogorsk Iron and Steel Works (MMK) has put into operation an automatic control system of steam boilers, which power the plant. This will increase energy efficiency, as well as provide a significant reduction in harmful emissions into the atmosphere. The introduction of the system will save more than 85 million rubles per year. The project…
DetailsMagnitogorsk Iron and Steel Works (MMK) has commissioned sinter plant No. 5, the only one of its kind in Russia. The facility has a capacity of up to 5.5 million tons of sinter per year. MMK’s new sinter plant is equipped with state-of-the-art equipment, allowing it to obtain high-quality sinter, and it operates using the…
DetailsNLMK Lipetsk, the group’s flagship production site, has begun construction and installation works on the complete overhaul of Continuous Casting Machine (CCM) No. 9, which is a milestone project in NLMK Group’s Strategy 2022. The launch of the new CCM No. 9 will conclude the blast furnace and steelmaking operations development program, aimed at boosting…
DetailsThe net profit of the Russian steelmaker Severstal fell by 11.3% YoY, to $903 million in January-June, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement. Revenue shrank by 5.1%, to $4.208 billion in the period, earnings before interest, taxes, depreciation and amortization (EBITDA) decreased by 10.4%, to $1.416 billion.…
DetailsRussian steelmaker Magnitogorsk Iron and Steel Works (MMK) reduced its steel output by 0.5% QoQ, to 3.091 million tons in April-June, while cast iron production rose by 2.3%, to 2.452 million tons, the company said in a statement. In January-June it raised its steel production by 0.4% YoY, to 6.198 million tons. Cast iron production…
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