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Belarus Iron and Steel Works is expanding the range of its exports. This year two new countries were added to the company destination. For the first time in its history BMZ has sent metal to Benin and Togo. In January-August BMZ exported to 51 countries. The largest importers were Russia, the Netherlands, Israel, Lithuania, Poland,…
DetailsIn August Russia produced 4.9 million tons of pig iron, down by 5.9% YoY (4.915 million tons in July). In January-July Russia produced 40.001 million tons, down by 3% YoY. Ukraine in August decreased pig iron output by 8.8% YoY, to 1.79 million tons (as in July), and by 17.2% YoY in January-August, to 13.238…
DetailsSince its commissioning in 2003 Rosterminalugol has exported 140 million tons of coal. The 130-millionth ton was exported on May 15, on the port’s birthday. The anniversary 140-millionth ton was loaded onto Rixta Oldendorf bulker (Post-Panamax), which took onboard over 111.3 thousand tons of coal. (Ukrainian metal)
DetailsBecause of the limitation of steel coils supplies from metal works, Korolevsky Pipe Works intends to shut down its manufacture from October 15. In October the company will produce 15 thousand tons of pipes. The decrease will affect all pipes sizes, produced at the works. (Ukrainian metal)
DetailsIn January-July Russia imported 17.1 thousand tons of stainless steel rods, up by 25.6% YoY, valued at $4.5 million, up by 39.4%. According to the customs statistics, nickel contents mostly do not exceed 2.5%. Ukraine accounts for around 60% of all the volume, up by 8.2%. In July the average price was $2414 per ton.…
DetailsIn July Metinvest EBITDA increased by 8.84% MoM, or by $13 million, to $160 million, with revenue up by 1.67%, or by $12 million, to $732 million. According to the group statement, in July it sold 265 thousand tons of semi-finished products valued at $101 million. In particular, it sold 154 thousand tons of pig…
DetailsIn August the global pig iron output increased by 2.6% YoY, to 102,472 million tons. According to World Steel Association, China is leading with 62.608 million tons, up by 4% YoY. Ukraine is on the 9th position with 1.79 million tons, followed by Taiwan with 1.25 million tons and preceded by the USA with 1.86…
DetailsMoody’s has improved from Stable to Positive the outlook for Rusal. The company corporate rating remained on Ba3 level. “Our decision to change the Rusal outlook is connected with the decrease of borrowed money early in the year on the background of the profit increase as the prices for aluminum improved”, the agency said. In…
DetailsSMS group will supply a 290-ton ladle furnace to ArcelorMittal Temirtau. The company will also supervise the assembly and commissioning of the new complex. The cost of the machinery is not disclosed. The new furnace will be put into operation in Q2 2018. (Ukrainian metal)
DetailsRussian gold producer GV Gold is negotiating acquisition of Zoloto Kamchatki from multi-industry holding Renova Group of businessman Viktor Vekselberg. Some sources say that the deal may be announced soon. Another source said that GV Gold was exploring various M&A options and Zoloto Kamchatki was among six gold companies under consideration, including Lenzoloto, a part…
DetailsExploration and development company Chaarat Gold is planning to speed up the timeline at its Tulkubash mine in the Kyrgyz Republic following an improvement in the backdrop for miners in the country. “The improving climate in the country for mining companies has been demonstrated not only by the recent license agreement signed by the Kyrgyz…
DetailsIn August Russia produced 5.6 million tons of steel, down by 5% YoY (5.585 million tons in July). In 8 months steel output totaled 46.535 million tons, down by 1% YoY. Ukraine in August decreased steel output by 5.5% YoY, to 1.8 million tons (1.81 million tons in July), with 14.114 million tons produced in…
DetailsUzbekistan signed a contract on supply of uranium to the United States. The contract is designed for 7 years and its cost exceeds $300 million. “It is a long-term contract. This is very important and significant. The total value of the contract exceeds $300 million,” said Elyor Ganiev the Minister of Foreign Trade of Uzbekistan.…
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