Russia’s Nornickel lost 50% of its suppliers of spare parts and equipment

Russian company Nornickel has lost 50% of its traditional suppliers of spare parts and equipment due to sanctions and logistical problems. The deadlines for the implementation of a number of articles of the investment program may be delayed, Kommersant wrote citing the Reuters.

According to the company’s senior vice president Sergey Stepanov, due to sanctions, the consequences of the coronavirus pandemic and logistical problems, Nornickel lost half of its traditional suppliers of spare parts and equipment.

“Now the company is looking for an alternative, in particular, it hopes to start working with China in the part of equipment supplies. Due to problems with the supply of equipment, the deadlines for the implementation of the “sulfur program”, which, according to the plan, includes a reduction of sulfur dioxide emissions in Norilsk by 90% by 2025, may be postponed,” the report reads.

Russian steelmakers expect a decrease in steel production at the end of the year by 15%, or by 11 million tons compared to the previous year. The largest drop in indicators is predicted for the second half of the year, by 9 million tons, or by 26% compared to the second half of 2021.

Earlier GMK Center reported that Russia’s Magnitogorsk Iron and Steel Works has not been exporting products for three months. With export profits decrease, the company can temporarily stop the investment program. The profitability of the plant decreased from last year’s 20-25% to 4% in May 2022.

  • Companies

Tenaris has begun construction of its second wind farm in Argentina

Tenaris has announced the start of construction of its second wind farm in Argentina, La…

Saturday June 28, 2025
  • Companies

Metinvest has created protective armor for Patriot air defense systems

As part of the Steel Front initiative, Metinvest Group has manufactured and installed special protective…

Saturday June 28, 2025
  • Companies

Arvedi Group raises €900 million to expand production and decarbonize

Italian steel company Arvedi Group has raised €900 million in financing to implement a large-scale…

Friday June 27, 2025
  • Global Market

Domestic demand for steel in China continues to fall

Domestic demand for steel in China, according to market participants' estimates, continued to fall in…

Friday June 27, 2025
  • Industry

Construction works performed in Ukraine in January-April fell by 13% y/y

The index of construction work performed in Ukraine in January-April 2025 decreased by 13% compared…

Friday June 27, 2025
  • Global Market

Emissions in China’s steel industry sector rose by 17.9% y/y in May

In May 2025, Chinese steel enterprises belonging to the CISA industry association increased their total…

Friday June 27, 2025