CIS steel news - Russia Ukraine Kazakhstan.

Eurofer cuts European steel forecasts as demand recovery lags
eurofer market steel ukraine
Fri, 26 Jul 2024 00:00:00 GMT
The negative trend in the steel market observed in the first half of 2023 has persisted and become more acute over the last three quarters. The severe consequences of the war in Ukraine and the deteriorating manufacturing outlook, along with the overall economic environment, continued to take their toll. Apparent steel consumption in the EU decreased (-3.1%) in the first quarter of 2024, after a rise (+2.9%) in the preceding quarter which was mainly due to the comparison with the very low


Metinvest Launches New Securitisation Deal
metinvest russia steel
Wed, 17 Jul 2024 12:50:44 GMT
Metinvest B.V., the parent company of an international vertically integrated group of steel and mining companies (jointly referred to as Metinvest or the Group), today announces the successful launch of a new accounts receivable securitisation programme for its Italian re-rollers, Metinvest Trametal and Ferriera Valsider. The transaction will allow to finance a pool of accounts receivable up to EUR 50 million. The facility has a maximum tenor of five years and a one-year rolling commitment. It will support sales in the EU and improve the working capital position of Italian re-rollers of the


Ukraine: occupied EMZ to be relaunched
steel ukraine
Tue, 16 Jul 2024 00:00:00 GMT
Disgraced Russian dictator and international war criminal Pootin has allowed launching the blast furnace No. 5 at the occupied Yenakievo Iron and Steel Works in the so-called Donetsk Peoples Republic, a terrorist organization created and supported by Russia. The works employs around 4500 people. The blast furnace No. 5 has been idle since 2020.


Metinvest Increases Tax Payments to Ukrainian Budget by Over ...
metinvest russia
Mon, 15 Jul 2024 12:40:23 GMT
Amid the full-scale war, Metinvest remains a pillar of Ukraines economy. In the first half of 2024, including associated companies and joint ventures, the Group increased its taxes and duties to budgets of all levels in the country by 56% year-on-year to UAH9.9


Kazakhstan: temporary ban on export of ferrous scrap by railroad ...
kazakhstan scrap trade
Mon, 15 Jul 2024 00:00:00 GMT
Kazakhstan is planning on temporary banning the export of ferrous scrap by railroad, the press service of the Ministry of Industry and Construction has said. The corresponding draft normative legal act has been made public. The world practice shows the use of secondary metals as raw materials is a strategic area given their environmental


Electricity prices in Europe increased significantly in June
market steel ukraine
Tue, 09 Jul 2024 10:00:00 GMT
European steelmakers call for paying attention to electricity prices, Ukrainian steel sector proposes to reduce the share of electricity imports which is needed to ensure stable energy supply to


MMK'S hot rolling mill 2000 produces 150 millionth tonne of rolled ...
mmk russia steel
Tue, 21 May 2024 00:00:00 GMT
Sheet rolling shop No. 10 at Magnitogorsk Iron and Steel Works (MMK) has produced the 150 millionth tonne of rolled stock on its hot rolling mill 2000. First commissioned in 1994, the mill produced its 100 millionth tonne of hot-rolled steel in 2015. Mill 2000 is MMKs most productive rolling unit and one of the most powerful in Russia. Capable of making practically every grade of steel currently available, the mill is used to manufacture around a thousand different products for a diverse


Bulgaria: a large market for Ukrainian semi-finished products
market steel ukraine
Thu, 16 May 2024 10:00:00 GMT
Bulgaria is a large market for only a few types of export products of the Ukrainian agro-industrial complex and steel


EU's Russia-origin semis, iron imports continue to fall
russia steel trade
Fri, 26 Apr 2024 00:00:00 GMT
The EU reduced imports of steel products and ferrous raw materials from Russia in January-February...


NLMK Group fulfills all goals of Environmental Strategy 2023
ghg nlmk russia
Wed, 27 Mar 2024 00:00:00 GMT
NLMK Group has successfully achieved all key objectives as part of its Environmental Strategy 2023, reducing specific atmospheric emissions by 13%, increasing waste processing rate to 96% (recycling of secondary resources at 99%), and cutting discharges into water bodies in


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