The Internet-store of Severstal has been named the Best Internet-project of Russia in 2017. The e-shop was first unveiled in 2016. In January-October the store received 950 thousand tons worth of orders. In 2019 Severstal intends to start exporting through its online-store. (Ukrainian metal)Details
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MMK has received the approval of the Federal Antimonopoly Service for the purchase of Lysva Iron and Steel Works with the capacity of 360 thousand tons per year. Back in September MMK reported that it was regularly monitoring the M&A market and was ready to discuss the acquisition of prospective assets. At present neither MMK,…Details
The Republic Investment Company and its daughter enterprise Yanolovo have concluded an agreement with the Chinese investment fund YaZuan Investment Co. Ltd on development of tin-bearing deposits on the territory of Yakutia. Yanolovo obtained the license to develop Tirekhtyanskoye tin deposits in 2015. Raw metal output could be 500-3.5 thousand tons per year. (Ukrainian metal)Details
Belarus will help improve methods of coal mining and coal transportation on Sakhalin Island, Russia. The news was released by the website of the Sakhalin region government and the governor after Sakhalin region governor Oleg Kozhemyako met with State Secretary of the Union State of Belarus and Russia Grigory Rapota. Member of the Federation Council…Details
Rosterminalugol JSC, the largest dedicated coal port in the Baltic region, a part of Russia’s largest coal port holding Port Management Company LLC, has exported 22 million tons of coal this year. The milestone ton was loaded onto the Panamax bulk carrier AP Argosy, the 306h vessel handled from the year beginning (the 21st in…Details
In January-August Metinvest exported 155 thousand tons of galvanized coils, up by 40% YoY. “The main growth has been witnessed in the direction of Europe, CIS (without Russia), Near East and North Africa”, the group marketing director Roman Kurashev said. Metinvest intends to retain its regular presence on European market and will work on attracting…Details
In January-September, according to the customs statistics, Russia imported 438 thousand tons of galvanized steel with polymer coating, up by 8.7% YoY, but down by 0.1% from the 2015 results. The main supplier was China. Its share was 59%. The average price on Russian border in September was $796.2 per ton. Kazakhstan’s share was 11%,…Details
In January-September Russia imported 566.3 thousand tons of galvanized steel, up by 24.1% YoY. According to the customs statistics, Kazakhstan was the major supplier – up by 48.7%, to 264 thousand tons. In September the average price on Russian border was $717 per ton without VAT. Then comes China with 109 thousand tons, up by…Details
In January-October ferrous metals output increased by 6.5% YoY. Casting companies improved operation by 4.2% YoY. This is the first increase in the sector since 2012. Flat rolled metal production decreased by 4.7%, unalloyed construction rods by 1.9%. At the same time alloyed rods output went up by 44%. Ferroalloys manufacture increased by 7.5%, raw…Details
The city of Yakutsk has held 4 auctions for the sale of alluvial gold sites. The most expensive lot was the site at the Chuguun brook and tributaries. The initial price during the sale increased 108-fold. Thus, Poisk Zoloto has to pay 153.45 million rubles. The Artyk site was purchased by Vostok LLC for 2.107…Details
In October ZEMZ started producing slabs of 12X18H10T steel with the size of 150×680 and 150×700 mm for the Krasniy Oktyabr Iron and Steel Works. This is the first time that ZEMZ produces slabs of such a width. The slabs have been manufactured at the 1150-mill of the rolling shop No. 1. (Ukrainian metal)Details
The Profil-Akras pipe works has presented the results of October. In particular, pipe output totaled 12 thousand tons. Sales reached 13.6 thousand tons, with 3.9 thousand tons exported. (Ukrainian metal)Details
In January-September Metalloinvest received $1.089 billion of net profit, up by 53.8% YoY. Revenue totaled $4.556 billion, up by 52.4% YoY. EBITDA grew by 80.8%, to $1.544 billion, with metallurgical segment of the company EBITDA up by 39.8%, to $267 million. (Ukrainian metal)Details