Sergey Belenky, chairman of the Federation of Metallurgists of Ukraine, believes that the US antidumping duties of 25% will hit Interpipe the most. “In 2017 Interpipe accounted for 19% of pipe exports to US. Other market participants will experience much lower risks”, he said. According to him, last year Ukraine also supplied 49 thousand tons…Details
Evraz ZSMK has produced a trial batch of rails of the new category – DT400 IK.
The rails can be used under the most sever conditions.
Previously such rails were not produced in Russia.
After all the certification documents are received, a batch of rails will be sent for tests. (Ukrainian metal)
Ukraine: Economic Ministry disappointed with EC decision to reject obligations proposed by hot-rolled steel exporters
The Economic Development and Trade Ministry of Ukraine is disappointed by a decision of the European Commission (EC) to reject price commitments proposed by Metinvest Group and other hot-rolled steel exporters in exchange for non-applying the previously introduced anti-dumping duties to them. “We are very disappointed by this decision of Europe, especially in the context…Details
In January-February Chukotka Autonomous District mined 135.7 thousand tons of coal, up by 10% YoY. The increase in output has to do with the growth of coalmining at Beringpromugol LLC. In 2 months the company shipped 95.3 thousand tons of coal, up 1.5-fold YoY. Shakhta Ugolnaya also mines for coal in the region. Its output…Details
The Uralsky Engineering Center has supplied to Cherepovets Iron and Steel Works and installed the new system of press management, as well as the complex to purify liquids and the system to lubricate the machine. “The cost of the investment project exceeded 48 million rubles. The modernization of the machine improved its productivity, product quality…Details
Rusal and the Institute of light materials and techniques have developed a unique alloy on the basis of Al-Mg-Sc, the best advantage of which is the 3-fold decrease of scandium contents, while its increased parameters, usual for scandium-containing aluminum alloys are preserved. Thus, the decrease in cost makes this alloy widely accessible. The work on…Details
In 2018 the last year tendencies will persist on the steel pipes market: OCTG pipes demand will be increasing because of the growth of drilling. ChTPZ intends to increase its share in the supplies of pipes for construction of compressor plants. “This year the group plans to retain its output volumes on the previous year…Details
In January-February Ukraine increased revenue from ferrous metals exports by 27% YoY, to $1.709 billion. According to the State Fiscal Service, ferrous metals accounted for 23.17% of the total exports revenue against 21.48% in January-February 2017. In February ferrous metals exports revenue reached $836.157 million. In 2 months ferrous metals imports grew by 59.8%, to…Details
Severstal has received machinery of four quality control systems for its Cherepovets Iron and Steel Works. The investment project with the total amount of over 180 million rubles will improve cold-rolled metal surface quality. Under the contract Isra Surface Vision GmbH (Germany) has supplied modules of video cameras with high resolution, the equipment for lighting…Details
Energomashspetsstal will supply 461.55 tons of supporting rolls for hot-rolled mills to Essar Steel (India).
According to the company statement, it will produce 12 supporting rolls.
The agreement is valid until August 2019.
The rolls will be used in stainless steel rolling. (Ukrainian metal)
In 2017 the state enterprise United Mining and Chemical Company concluded two thirds of its contracts on titanium ore deliveries with Bollwerk (Austria). The total cost of these contracts is $53 million, or 1.5 billion UAH. Last year the UMCC management was detained for economic crimes. After that Bollwerk was replaced by TS Taunus Chemical…Details
Іmerys Refractory Minerals Clerac (France) has increased its share in the statutory capital of Vatutino Refractory Works from 89.35153646% to 89.37987559%. The company share in the total number of voting shares grew from 99.80537953% to 99.927133%. Last year VKO net profit dropped by 21% YoY, to 51.862 million UAH. The consolidated accounts receivable grew 2-fold,…Details
On March 12 the electric arc furnace No. 3 of Belarus Iron and Steel Works made the first steel after capital repairs. The furnace was shut down on February 12 for essential repairs. The company was able to cope with the repair 3 days in advance. At present scheduled repairs are being carried out at…Details
The Uskovskaya mine of Raspadskaya Coal Company has put into operation a new long face.
Its reserves total 1.7 million tons of coking coal.
The monthly output is planned at the level of 250-270 thousand tons. (Ukrainian metal)
Concorde Capital analyst Dmitry Khoroshun believes that Ukrainian pig iron manufacturers could profit from the US steel duties. “In 2017 Ukraine exported $406 million worth of pig iron (1.3 million tons) to US, and these deliveries are not affected by the new duties. Money-wise Ukraine exported 2 times more pig iron to US than steel…Details
Shareholders of NLMK Group at its Extraordinary General Meeting held on March 12 voted to elect Grigory Fedorishin as the Group’s President and Chief Executive Officer (Chairman of the Management Board) for the period until June 8. Previously, NLMK Board of Directors resolved to convene the Annual General Shareholders’ Meeting on June 8, and also…Details
The cost of gold decreased by 8.15 manats (0.36%), to 2242.3765 manats per troy ounce in Azerbaijan on March 13, according to the data published by the country’s Central Bank. The cost of silver decreased by 0.6%, to 28.0018 manats per ounce, the cost of platinum by 0.37%, to 1635.434 manats and the cost of…Details
The Russia-China Investment Fund for Regional Development on March 12 signed an agreement to become a co-investor of construction of a 18.5 billion ruble uranium mine of Priargunsky Industrial Mining and Chemical Union, part of state nuclear power corporation Rosatom’s unit Atomredmetzoloto. The company plans to launch the first stage of the mine in 2023.…Details
The manufacturing complex of the gold-mining company Omchak is getting ready for operation. All the infrastructure has been prepared: roads, sites, electricity line and a settlement for 430 people. Omchak is expected to become one of the major mining companies in Zabaykalye region. The company obtained a right to develop and mine for ore gold…Details
In January-February Chukotka Autonomous District obtained 3.425 tons of gold, down by 4% YoY. Silver output dropped by 13%, to 19.546 tons. In January gold output in the district decreased by 7.3%, and silver – by 20%. 2 Kinross Gold companies, a Polymetal Company, as well as Rudnik Karalveem LLC and Rudnik Valunisty LLC mine…Details
Bratsk Aluminum Works intends to spend 1.4 billion rubles on environment protection this year. According to the company statement, last year the works used the same amount. In particular, in 2017 the company relocated citizens from the sanitary zone of the works. BrAZ invested 1.1 billion rubles in construction of 408 flats for 379 families.…Details
In 2017 United Mining and Chemical Company produced 392.2 thousand tons of ilmenite concentrate, up by 18.7% YoY. In particular, Irshansk Mining and Processing Works produced 224.4 thousand tons. Sales last year grew by 20%, to 2.769 billion UAH. Volnogorsk Mining and Processing Works increased sales by 41%, to 124 thousand tons. At the same…Details
Interpipe reports the shortage of employees in the pipe and wheel manufacture, with the combined need at 600 people. “We already see financial losses due to the absence of the employees. We cannot make the full shift at our plant in Nikolayev. I estimate the losses because of the lack of employees at 5 thousand…Details
In January-February Ukraine imported 4.015 million tons of coal, up by 63% YoY. According to the State Statistics Service, the cost of the coal imported was $516.656 million, up by 44.5%. Russia supplied $304.05 million worth of coal (or 58.85%), USA – $149.5098 million (28.94%), Canada – $48.365 (9.36%) and other countries – $14.733 million…Details
Pipe Metal Company, the major pipe producer in Russia, is awaiting a positive effect for its American subsidiary IPSCO from the duties on steel and aluminum. “We believe that the duties imposed will positively affect IPSCO business, as the company does not import steel as raw materials. As to the other TMK companies, the estimation…Details
In 2017 Sukhaya Balka received 1.174 billion UAH of losses, up 7.46-fold or by 1 billion UAH YoY. According to the company statement, its assets as of the end of 2017 totaled 2.454 billion UAH, current liabilities – 196.207 million UAH and the consolidated accounts receivable – 254.696 million UAH. On December 28, 2017 the…Details