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In January-March Russia produced 15.4 million tons of rolled metal, up by 2% YoY. In March output grew by 12.5% MoM, but dropped by 0.3% YoY. According to the Federal Service of State Statistics, pig iron manufacture totaled 13 million tons, up by 0.2% YoY. In March output decreased by 2.2% YoY, but grew by…
DetailsThe high level of world prices allowed Severstal to demonstrate flexibility of distribution channels and increase exports in Q1. “We expect the increase of steel demand in 2018. In 2017 the demand grew by some 5% in Russia, and this year it could grow by 2.6% more, following the GDP increase and the restoration of…
DetailsIn February Russia exported 380.4 thousand tons of ferrous scrap, up by 11% MoM and by 89% YoY. In January the results were down by 45.6%, but up by 38.7% respectively. According to the customs statistics, in January-February Russia exported 723.3 thousand tons of scrap, up by 61.2% YoY, and the highest result in the…
DetailsLate on April 16 there was an explosion of an air-methane mixture at the Pokrovskaya mine in Donetsk region. The explosion occurred at the depth of 470 meters on the second south long face. 7 miners were injured. They have been taken to the hospitals in the cities of Kramatorsk and Mirnograd. (Ukrainian metal)
DetailsMajor Japanese trading houses have asked UC RUSAL to stop shipping refined aluminum and other products in light of U.S. sanctions on the world’s No. 2 producer and are scrambling to secure metal elsewhere, Reuters reported on April 17 citing industry sources. The U.S. imposed major sanctions on April 6 against seven Russian oligarchs and…
DetailsMechel has rented 10 BelAZ dump trucks within the agreement with the State Transport Leasing Company. According to Mechel statement, the total cost of the agreements is 900 million rubles ($14.5 million). The new machinery with the lifting capacity of 90 tons has already been transported to Korshunovsky Mining and Processing Works. 6 dump trucks…
DetailsIn January-March MMK produced 3.147 million tons of steel, up by 2.7% YoY, but down by 4.4% QoQ. Pig iron output grew by 1.3% YoY, but dropped by 9.4% QoQ, to 2.404 million tons. Metal sales increased by 1.6% QoQ, to 2.83 million tons. Coal concentrate manufacture at MMK-Ugol reached 666 thousand tons, down by…
DetailsThe company with deepest regrets informs, that on April 17 due to a massive traffic accident in Kriviy Rih 8 people died and 21 people got injured, among them most were the employees of PJSC ArcelorMittal Kriviy Rih. Management of PJSC ArcelorMittal Kriviy Rih took the decision to provide financial support from the company to…
DetailsUkrgazvydobuvannya has concluded 2 agreements with Interpipe Ukraine LLC for the delivery of pipes valued at 180.93 million UAH. This year the company has to supply 3588 tons of various compressor-pump pipes manufactured by Interpipe Niko Tube LLC at 49698-51552 UAH per ton. Last year Interpipe sold such pipes to Ukrgazvydobuvannya 2% cheaper, at 48419-50545…
DetailsVolyn miners have addressed the Volyn Regional State Administration chairman Alexander Savchenko asking him to help save the Novovolynskaya mine No. 9. The mine union chairman Yuri Kalistratov said that enterprise wanted to remain within the National Coal Company, as this would allow it to operate for some 13 years. “This will keep people, mining…
DetailsRepresentatives from MMK took part in the round table on “The Market of Metals and Metal Structures in the Volga and Southern Urals”. About 70 managers and specialists in metallurgy, metal trading, steel service centers (SSCs), and manufacturers of metal products and structures were invited to the two-day event organized by the Russian Union of…
DetailsMagnitogorsk Iron and Steel Works (MMK) has once again been included in Living Planet channel and the Modern Media Research Institute (MOMRI)’s bi-annual list of the top ten Russian companies in the fuel and energy and metallurgical sectors for environmental performance. Thanks to good results in the second half of 2017, MMK placed 9th on…
DetailsThe net profit of Russian steelmaker Severstal went up by 28.4% YoY, to $461 million in January-March, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement on April 17. Revenue grew by 23%, to $2.173 billion in the period, and operating profit rose by 22.9%, to $585 million. EBITDA increased…
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