Energomashspetsstal will produce 5 supporting rolls with the total weight of 158.7 tons for iron and steel works of ArcelorMittal in Belgium. According to the company statement, the rolls will be used in cold- and hot-rolling mills of AM Liege and AM Gent. EMSS will have to supply the rolls in Q1 2017. (Ukrainian metal)
Russia’s second lender VTB’s position that the debt of metals producer Mechel should be unified is not really rational, a member of the company’s board of directors Alexander Shokhin reported. Mechel earlier agreed to restructure $5.1 billion out of its $6.2 billion debt, including about $1 billion of debts to VTB. In September, First Deputy…
Norilsk Nickel and Societe Generale signed an agreement on strategic cooperation. General Memorandum was signed by Nornickel President Vladimir Potanin and Societe Generale CEO Frederic Oudea. The memorandum provides for an important expansion of the partnership between Nornickel and Societe Generale. It includes the whole range of commercial and investment banking services, including capital markets,…
In January-September Russia increased primary aluminum output by 1.5% YoY, with its alloys – by 11.3%. According to the Federal Service of State Statistics, aluminum rods and sections output went up by 2.5%, of plates, sheets, strips and bars – by 12.3%, but aluminum foil production dropped by 11.5%, all YoY. (Ukrainian metal)
Evraz intends to increase coking coal output this year by 8.3% YoY, to 22.1 million tons. Concentrate output is expected to grow from 13.6 million tons in 2015 to 14.2 million tons. And with strong demand Evraz plans to increase output even to 16-16.5 million tons. The group has already increased coal production in January-September…
As of October 1, salary debt to the miners on the temporarily occupied territories stood at 661.1 million UAH. According to the Ministry of energy and coal industry, the debt to state-controlled miners reached 289.3 million UAH. Because of the Russia-supported military conflict in the East, Ukraine is experiencing a significant shortage of coal, in…
Ukraine plans to get loans worth 500 million UAH to develop 8 state mines. “We have determined the 8 mines, in which we will invest. We have also found some loans on 500 million UAH, which will be invested so that coalmining doesn’t go down. For example, these are Yuzhnodonbasskaya No. 1, Yuzhnodonbasskaya No. 3…
The minister of energy and coal industry Igor Nasalik said that the Rotterdam+ formula was not working in Ukraine. “At present coal on the Rotterdam exchange costs around $74 per ton. If we add transport, unloading and the rest, it would be 2.3-2.4 thousand UAH per ton, and not 1.39 thousand UAH, according to the…