In 2016 Russian railroads transported 1.222 billion tons of cargo, up by 0.6% YoY. In particular coal transportation grew by 1.7% YoY, to 328.6 million tons, iron and manganese ore – by 0.5%, to 109.5 million tons. At the same time transshipment of ferrous metals dropped by 0.5% YoY, to 71.01 million tons. (Ukrainian metal)
Russian metal makers do not expect a major increase in demand in 2017 because of the low capacity loading, overproduction risks and the increasing protective measures on export markets. In early 2016 metal companies expected a drop in local demand, but by year-end theirs forecasts have grown considerably. In 2017 they await a small increase…
The idea of creating a very large metal company is still important for Russia, USM Holding chairman Alisher Usmanov believes. “There is an oil giant. There is also a gas giant, even though with the state-controlled stake. There is a bank giant. While in the mining and metallurgical sector everything is split up. So we…
State industrial corporation Rostec plans to ask the government to work with metals companies which have increased prices by about 30% YoY, CEO Sergei Chemezov reported. “We have a really big problem with metals companies. They have lifted the prices very high, by almost 30%”, he said. “One should not raise prices this fast. I…
In October Russia imported 24.4 thousand tons of corrosion-resistant flat rolled steel, valued at $49 million, up by 8% MoM and by 38% YoY. 600+ mm wide sheet accounts for around 90% of the imports. Nickel contents in steel don’t exceed 2.5%. Some 28% of imports came from China. In October Chinese steel cost $1633…
The Republic of Khakasia intends to start producing steel rope at the Abaz monocity. The project presupposes the creation of 2 lines to produce 3.5-35 mm diameter rope (GOST 2688-80, 7688-80, 3077-80). Siemens will supply the equipment. Steel rope production will start in 5 years. (Ukrainian metal)
Gomel-Raton Free Economic Zone (Gomel-Raton FEZ) hosted a new resident – KolosEuroTech, planning to manufacture high-precision metal products. KolosEuroTech is a Belarusian-Polish joint venture, intended to invest more than $1 million in high-precision metal production at Gomel-Raton FEZ. Gomel-Raton FEZ is now home to 81 resident companies. (Prime-TASS/Ukrainian metal)
In November prices of industrial manufacturers increased by 2.2% MoM. According to the State Statistics Service, in mining and quarrying price increase reached 4.4% MoM, including 10.5% in iron ore mining. Prices in processing industry went up by 1% MoM, in particular of coke – by 3.2%, in metal manufacture – by 2.2%. (Ukrainian metal)
