Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Metalloinvest’s subsidiary, Alexey Ugarov,  made and sold 1.04mn mt of cast square billets in 2020, exceeding its past record of 20,000mt achieved in 2016. 


Metalloinvest said in a statement on Feb 5 that these billets are used in producing long products for the construction and automotive industry. Citing higher global demand for billets compared to the more-expensive finished rolled products globally, the company indicated it had increased its production of this product accordingly during the year, despite the COVID-19 pandemic. 


The commercial cast billets are manufactured at Alexey Ugarov’s continuous casting machine #6 (CCM #6) since it was commissioned in 2005. The company has produced close to 12mn mt of billets since then. 

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