Metallurgy news. January

Nornickel announces Consolidated Production Results for 2023

Nornickel, the world’s largest producer of palladium and high-grade nickel and a major producer of platinum and copper, announces preliminary consolidated production results for the fourth quarter and the full year 2023 and production outlook for the full year 2024. Senior Vice-President — Operational Director, Sergey Stepanov commented on the production results, “In 2023, the Company slightly decreased the output of all key metals, except for platinum, as a result of lower mined rich and cuprous ...
31 January 2024., 09:53   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