Russia: rebars market forecast

According to Kraft group marketing department director Katerina Makeyeva, the stagnation on the rebars market will most likely persist for a month. The attempts to decrease prices by some trading houses are situational. Manufacturing works will not listen to traders and go on decreasing prices. Price fluctuations on market decrease are in the range of…

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Russia: ChTPZ invests 240 million rubles into LDP modernization

Within the strategic cooperation with Transneft, Chelyabinsk Pipe-Rolling Works has modernized its machinery of large diameter pipe quality control. The investments totaled 244 million rubles. “Transneft is one of the key customers of ChTPZ. Taking into account their demands we have decided to modernize the machinery. The project has been carried out without stopping the…

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Russia: Trubodetal passes API audit

Trubodetal (Chelyabinsk, a part of OMK) has successfully passed the American Petroleum Institute audit. The auditors checked the quality management system according to API Specification Q1, edition 9, and ISO 9001:2008. “Now all our customers working in oil and gas transportation demand international certificates, so each audit is important for us. This is always a…

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Russia: TMK-INOX extends range of electric-welded stainless pipes

For the first time TMK-INOX produced a batch of electric-welded stainless (austenitic) steel pipes to be used under high pressure in aggressive environment requiring high corrosion-resistance, the company’s media office reports. Manufacture of new size-types of electric-welded stainless steel pipes along with the regular range is part of import substitutions program. TMK-INOX is one of…

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Ukraine: ferroalloy output up in January-April 2017

In January-April major companies – Nikopol and Zaporozhye Ferro Alloys Works – increased ferroalloys output by 4.9% YoY, to 334.54 thousand tons. According to the Association of Ukrainian Ferroalloy Producers, silicomanganese output went up by 1.2%, to 261.49 thousand tons, and of ferromanganese – by 51.7%, to 39.45 thousand tons. Ferrosilicon production dropped by 5.6%,…

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Belarus: Danish business eager to invest

Belarus’ investment climate is comfortable for business, director of the Belarusian-Danish company BuySteel Yuri Firko said as he attended the Gomel Economic Forum. An investment agreement to set up a manufacturing facility in Mozyr District with the participation of the Belarusian-Danish BuySteel was signed during the plenary session of the forum on May 19. The…

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Kazakhstan: Kazatomprom starts implementing Industry 4.0 elements

National Atomic Company of Kazatomprom has held a coordination meeting in Shymkent attended by the heads and specialists of subsidiaries’ IT departments. The meeting was mainly dedicated to the targets of rapid technology modernization including implementation of digital technologies and robot automation at uranium production, the company press-service reports. CEO of Kazatomprom Askar Zhumagaliyev said…

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Russia: aluminum exports up in Q1 2017

In January-March Russia exported 781 thousand tons of raw aluminum valued at $1317 million.

The results are up by 3.8% and by 36.7% YoY respectively, though somewhat lower than the 2015 level. (Ukrainian metal)

Russia: Uranium One earnings up in Q1 2017

In January-March Uranium One increased its earnings 5-fold YoY, to $67.9 million.

The corrected net profits totaled $21.1 million, up 7.5-fold YoY.

Uranium output dropped to 1110 tons.

Uranium One is the fourth largest uranium producer in the world. Last year it yielded 4919 tons of uranium. (Ukrainian metal)