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United Metallurgical Company (OMK), a Russian steel and pipe manufacturer, announced on June 10 that it had completed its first sales of hot-rolled coils on the St. Petersburg Exchange. HDT450F+ZM Hot dip Zinc-magnesium alloy coating (ZM) steel , This marks the third product the company has launched on the exchange, following steel pipes and hot-rolled plates. OMK stated that it has become the first Russian steel manufacturer to conduct commercial sales via a commodities exchange.
OMK has listed coiled steel—ranging from 1.2 to 12 mm in thickness and comprising popular structural steel grades compliant with Russian GOST standards, such as St3 and 09G2S—on the St. Petersburg Exchange. Products will be shipped from OMK’s steel plant in the Nizhny Novgorod region or from warehouses located in the Central, Volga, and Southern Federal Districts. HDT450F+ZM Hot dip Zinc-magnesium alloy coating (ZM) steel , Since launching steel pipe sales on the exchange this spring, the company has sold 3,000 tonnes of hot-rolled coils and 3,400 tonnes of other products. It now plans to introduce large-sized angle steel, channel steel, and round steel to the exchange.
Anastasia Shuldova, Sales Director at OMK, stated that Russia produces between 15 million and 16 million tons of flat-rolled products annually, with approximately half historically destined for export. HDT450F+ZM Hot dip Zinc-magnesium alloy coating (ZM) steel , Currently, exports to many countries are either banned or strictly restricted. Reversing this trend requires the provision of affordable loans and the promotion of growth in metal-intensive industries.
