The quarantine introduced to cope with the COVID-19 pandemic, will affect steel consumption in Russia. In April-May, consumption could fall by 25%, as state expenses on infrastructure projects have fallen considerably. According to VTB-Capital analysts, in February steel consumption in Russia grew by 5% YoY, following an increase of 12% in January. In Q1 the…
As a result of the quarantine measures, imposed since mid-March, a drop in demand for steel in April-May could reach 25%, according to VTB Capital. A part of products, if they are not affected by additional duties, Russia will be able to export. This will allow companies not to decrease output. In case of a…
Ferrostar will start constructing the plant to produce directly reduced iron at its site in the Titanium Valley Special Economic Zone in the first half of the year. In particular, the construction is expected to begin in June. Investments in the project will amount to 2.24 billion rubles. The plant will be commissioned in December…
In 2020 rolled metal consumption in Russia will grow insignificantly. According to Denis Chernenko, MMK marketing department director, it would reach 47.5 million tons. In 2019 MMK sold 8.3 million tons of rolled metal in Russia, including 2.69 million tons to metal traders and servicing centers. (Ukrainian metal)
The city of Taganrog has sold a land plot with the total area of 18 ha and the main assembly premises of the local car plant for 81.7 million rubles. VtorCherMet LLC was the buyer of TaGAZ. Earlier the assets were estimated at 181 million rubles. TagAZ was founded in 1997 and declared bankrupt in…
Stalintex Trade has opened a warehouse complex in the city of Rostov-on-Don. The main task of the new warehouse is the development of sales in the Southern Federal District. The total area of the complex is 9 thousand square meters. Covered warehouses comprise 1800 square meters. The warehouse has road and railroad connection, as well…
Since October a new Italian slitting line has been operating at the Verkhnevolzhsky Service Metal Center. It can cut not only steel coils, but also aluminum, copper and stainless steel. The thickness of metal is 0.2 to 1.5 mm. The capacity of the line is 400 meters per minute. (Ukrainian metal)
In 2019 steel consumption in Russia will grow by 7.6% YoY, to 42.5 million tons. According to the Chermet Corporation Vice-President Yuri Mishin, there was no growth in consumption last year, it even decreased by 1.7%, to 39.5 million tons. In H1 2019 steel exports dropped by 9.7%, or by 1.5 million tons. Imports decreased…
