News. Russian ferrous metallurgy news

Mechel has summarised its production and sales results for 2023

Mechel a prominent Russian mining and metals company, has released its operating results for Q4 and 12M 2023. Oleg Korzhov, Chief Executive Officer, stated that the average range of global coal prices in 2023 was significantly lower than the 2022 quotes, but still acceptable to the company. The global commodity market has been rebalanced, with China and India emerging as key players. Demand for coal products in other Asia-Pacific countries remains high due to the growth of the steel industry ...
18 March 2024., 11:35   comment

MMK launches dynamic technology risk management system

Magnitogorsk Iron and Steel Works (MMK) has launched a new system that makes dynamic adjustments to the production process in a move aimed at lowering the rejection rate and reducing the risk of human error. The system relies on adaptive technology and quality management, predictive analytics and big data analysis to detect transient behaviour and process upsets. If the risk of obtaining non-conforming products increases, the system notifies the relevant personnel, automatically generates a ...
18 March 2024., 11:27   comment

China's steel exports exceed 90 million tonnes

In December 2023, national steel companies in China exported 7.73 million tonnes of finished steel products, which is 3.5% less than in November but 43.1% higher than in December 2022. As a result, China's total finished steel and pipe exports in 2023 reached 90.26 million tonnes, representing a significant increase of 36.2% from the previous year. If we include semi-finished products, this figure is expected to exceed 93 million tonnes, which would be the highest result since 2016. In December, ...
31 January 2024., 09:50   comment

MMK announces its Trading Update for Q4 and 12M 2023

Pig iron output decreased by 7.5% quarter-on-quarter (q-o-q) to 2,416 thousand tonnes due to overhaul of blast furnace No. 8. Steel output totalled 3,116 thousand tonnes, down by 7.1% q-o-q due to overhaul of basic-oxygen furnace at the Magnitogorsk production site. Group sales of metal products declined by 5.7% q-o-q and totalled 2,891 thousand tonnes, reflecting the impact of overhauls of blast furnace, basic-oxygen furnace and rolling capacities. Sales of premium products decreased q-o-q ...
30 January 2024., 19:57   comment

MMK Trading house received awards from Russian Union of Metal and Steel Suppliers

The award ceremony for the annual competitions held by the Russian Union of Metal and Steel Suppliers for metal trading companies took place following the close of the 27th International Conference “Russian Metal Market-2023”, held last week in Moscow. Denis Chernenko, Head of MMK’s Marketing and Technical Support Department, was in attendance. MMK Trading House and its individual business divisions were once again among the winners at the event. The company’s Magnitogorsk division received ...
25 December 2023., 13:48   comment

NLMK Logistics Centre truck shipments exceed 1 million tonnes

NLMK Group has increased truck shipments of metal products from its Logistics Centre at NLMK Lipetsk to 1 million tonnes per year. This is a record volume of truck shipments since the centre began operations in 2020. Development of truck transportation enables fast, reliable and safe deliveries. It also allows customers to maintain lower metal inventories and plan their production operations more efficiently. NLMK Logistics Centre offers shipment services to customers in Russia’s Central Federal ...
25 December 2023., 13:45   comment

Metal-Expo will be Russian-Chinese in 2023

This year the International Industrial Exhibition Metal-Expo, which will be held in Moscow from November 7 to 10, will have a record Chinese representation in its history. More than 350 of its 800 participants will represent China. This number of Chinese exhibitors testifies, first of all, to the huge interest in the Russian market on the part of Chinese business. On the one hand, Chinese companies are trying to replace their Western competitors, and on the other hand, they are trying to take ...
11 February 2023., 14:32   comment

Preliminary Metal-Expo'2023 Exhibitor List is Uploaded on the Website

A preliminary exhibitor list (subject to change) of Metal-Expo'2023, the 29th International Industrial Exhibition (November 7-10, Expocentre, Moscow, Russia) is uploaded on the event's website. About 550 domestic and foreign market participants are expected to attend the event. The exhibitor list will be regularly updated and expanded till the event starts on November 7 this year. Steel and engineering companies from China and other Asian countries will be widely represented at the event. About ...
10 February 2023., 12:05   comment

Ural Steel implements plan to increase operational efficiency

Ural Steel, one of Russia's largest steel production plants, is implementing a series of innovative plans to improve operational efficiency. First, the plant reduced the consumption of expensive coke and increased the supply of natural gas. Second, the factory began using their own clay rather than imported clay. Third, they increased the production of granulated slag and transported it to third-party consumers. This by-product of iron production is a raw material for cement plants, mining, ...
28 September 2023., 13:16   comment

Russia to introduce new export tariffs linked to ruble exchange rate on commodities

The Russian government will impose additional tariffs linked to the ruble-dollar exchange rate on exports of metals, iron ore, pig iron, fertilizers, and other commodities during the period from October 1, 2023 to the end of 2024. The decision is to help protect the domestic market from unreasonable price increases and maintain a reasonable ratio between exports of goods and domestic consumption. Besides, the measure will help to ease price pressure in the domestic market and earn additional ...
28 September 2023., 13:14   comment

Metalloinvest Plants are Recognized as The Best Enterprises of The Mining and Metallurgical Complex of High Social Eefficiency

Enterprises Metalloinvest, a Metal-Expo regular exhibitor, – OEMK and Lebedinsky GOK – were recognized as the winners of the XX industry competition "Enterprise of the mining and metallurgical complex of high social efficiency". Oskol Electrometallurgical Combine named after A. A. Ugarov was recognized as the best in the nomination "Socio-economic efficiency of the collective agreement". Lebedinsky GOK became the first in the nomination "Environmental protection and resource conservation". The ...
09 January 2023., 14:46   comment

MMK Industrial Park Confirms Leading Position in Rating of Country’s Best Investment Sites

According to the annual assessment by the Expert-Ural rating agency, MMK Industrial Park took second place in the category “Sites Located within a Radius of up to 250 km from an Economic Growth Centre”. Over the seven years that it has been in operation, the Industrial Park has achieved the highest level of customer-centricity in the Russian Federation, which is in line with MMK’s development strategy. Forty-five companies are currently operating at the Industrial Park, 19 of which are engaged ...
13 July 2023., 10:52   comment

EVRAZ NTMK Will Reduce Specific CCP Emissions by 56%

EVRAZ NTMK within the framework of the federal environmental project "Clean Air", has started the transfer of coke-chemical production (CCP) in the Sverdlovsk region to a closed cycle of final cooling of coke gas using closed-type heat exchangers. Thus, specific emissions will be reduced by 56%. This is stated in the company's message. The project took 2.5 years to complete. Total investments amounted to 2.1 billion rubles. The facility was put into operation two years earlier than the stated ...
13 July 2023., 10:51   comment