Metals and mining

Ukraine loses leadership in steel smelting

In April, the Ukraine was the tenth largest global steel producer, having become the leader in falling of production. Steel smelting fell by 8.4% to 2.748 million tons versus April 2012, and by 4.1% less than in March. Steel smelting was 65.65 million tons in China (+6.8%), 9.17 million tons (+1%), and 7.3 million tons in the USA (-7.3%) in April 2013 versus April 2012. In January – April, it was 257.4 million tons in China (+8.4%), 35.8 million tons in Japan (+0.5%) and 28.76 million tons in the USA (-7.3%).

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Dmitry Firtash has started testing of new titanium products

Group DF starts production of titanium bars at the Zaporozhye titanium-magnesium combine.
The Zaporozhye titanium-magnesium combine has started hot testing of the new equipment and technological processes for production of titanium bars and alloys, Group DF reports, that controls the enterprise.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Industrial agreement on mining and smelting sector of the Sverdlovsk region signed

An industrial agreement among the Sverdlovsk regional organization of the Russian mining and smelting trade union, Union of Industrialists and Entrepreneurs of the Sverdlovsk region and Ministry of Industry and Science of the Sverdlovsk region for 2013 has been signed.
This agreement regulates social and labor relations and connected with them economic relations of employees and employers, determines rates of pay and other working conditions, including social protection and benefits for employees, as well as fixes obligations of body of state authority that is a party of the agreement. The aim of the agreement is provision of social stability in the territory of the Sverdlovsk region.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

MMK invested 105 mln. into healthy living

In 2012 the expenditures for social and charitable programs made up 1.1 billion roubles.
The Magnitogorsk Iron-and-Steel works directed 459.8 million roubles for a support of the elderly and the disabled, 418 million roubles for medical assistance programs and 329 million – for health improvement of the employees and the members of their families. Sport development projects have been financed in the amount of 105 million roubles.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Ukraine reduces production of steel

In April Ukraine ranked the tenth largest producer of steel in the world.
Ukrainian businessmen reduce production and export of steel, Worldsteel reports.
In April 2013 Ukrainian metallurgical enterprises produced 2.748 million tons of steel – by 8.4% less than in April 2012. This is the largest annual slump among the top ten countries. By March 2013 the slump made up 4.1%. In 2012 April results became the record compared to other months (3 million tons).
 

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

In April of 2013, Russian Steel’s enterprises produced 4.48 million tons of finished rolled metal

In April of 2013, the main enterprises-members of Russian Steel produced 4.48 million tons of finished metal that is by 4.8% less than in April of 2012 and by 4.4% less than in March of 2013.
In January-April of 2013, the production of finished rolled metal decreased by 3.1% as compared to the same period of the last year to 18.07 million tons.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Metinvest’s profit decreases by 77%

By results of 2012, the net profit of the group Metinvest of Rinat Akhmetov decreased by 77%, the final audited consolidated results of the Metinvest’s financial activity in 2012, published at the site of the group, say.
The consolidated proceeds decreased by 11% as compared to the last year to $12 565 million.
The corrected EBITDA rate fell by 46% as compared to the previous year to $1 985 million with the profitability of 16%.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Severstalbel has dispatched 250,000 tons of rolled steel

Severstalbel, a member of the distribution block of Severstal Russian Steel, dispatched 250,000 tons of rolled steel by the end of Q1 2013 since the moment of restarting of operation in 2007.
Now the company has become a member of the sole ‘Distribution network of ‘Sales and SMC’ segment of Severstal Russian Steel’, where they participate as well Severstal Ukraine LLC(the Ukraine), Severstallat JSC (Latvia), Severstallat Silesia (Poland) and Severstal-Invest TD (Russia.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Ministry of Energy: internal coal demand will rise by not more than 1% annually in Russia

The Minister of Energy A. Novak says that internal coal demand will rise by not more than 1% annually in Russia. At the same time, growth in coal sector will depend on exports. In connection with that, it’s necessary to develop the transport infrastructure for coal exports and coal chemistry production. Investment to coal sector was 117 billion rubles in 2012 versus 90 billion rubles in 2011.
Translated by Nadezhda Poltoratskaya       

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Upgraded vacuum-arc furnace put into operation at VSMPO-Avisma

A vacuum-arc furnace #1 is put into operation after upgrading at VSMPO-Avisma Corporation Plc. in Upper Salda. The new technology – so-called consolidation of shavings – was approbated at the renewed furnace.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
42a Pushkina Street; Ufa, Bashkortostan 450076; Russia
E 54° 43.48836" N 55° 55.52346"
Telephone: +7 927 303 00 25

Theme by Danetsoft and Danang Probo Sayekti inspired by Maksimer