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Russia: NLMK Group 2016 results

In 2016, NLMK Group steel output increased by 4% YoY to a record 16.6 million tons; sales totaled 15.9 million tons (stable YoY). Group steelmaking capacities in 2016 were running at 96%, up by 3% YoY. Q4 2016 sales totaled 3.6 million tons (down by 4% YoY); steel output grew by 8% to 4.2 million…

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Russia: MMK the largest scrap consumer in 2016

In 2016, according to the railroad statistics, Magnitogorsk Iron and Steel Works received 2.15 million tons of ferrous scrap. The deliveries increased by 20.2% YoY, and slightly exceeded the 2013 level. Still they were 15.5% below 2014 results. After NLMK-Kaluga MMK has the second largest index of positive scrap consumption in 2016. (Ukrainian metal)

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Russia: Severnoye Olovo to be liquidated

Severnoye Olovo, managed by Roman Abramovich’s Aristus Holding Ltd, decided to stop operating. The company had a license through 2028 to work at the largest tin deposits in Russia – Pyrkakai in Chukotka Autonomous District, but gave it up in November 2016. Pyrkakai reserves are estimated at 228.5 thousand tons of tin (the fourth place…

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