Sukhaya Balka, sold in May to DCH, in January-June decreased iron ore output by 16.5% YoY, to 1.091 million tons. In June the mine yielded 261 thousand tons of ore. In 2016 the enterprise produced 2.654 million tons of iron ore, down by 8.8% YoY. (Ukrainian metal)
In January-June Russia produced 25.8 million tons of pig iron, down by 0.5% YoY. In June pig iron output dropped by 2.1% YoY and by 4.4% MoM. Rolled metal manufacture in 6 months totaled 29.9 million tons, up by 0.2% YoY. In June rolled metal output decreased by 4.8% YoY and by 6.7% MoM. Pipe…
In January-June Geotekhnologia mined 3.76 thousand tons of nickel at its Shanuch deposits in Kamchatka. The enterprise processed 69 thousand tons of ore concentrate. In the second half of the year the company intends to mine 78 thousand tons of ore, and 200-250 thousand tons of copper-nickel ore in 2018. The Shanuch deposits are estimated…
The first stage of Tarynsky Mining and Processing Works with the project capacity of 700 thousand tons will be put into operation this autumn. The GOK is expected to produce 2.7 tons (87 thousand ounces) of gold per year. The reserves of the GOK are estimated at 35 tons of gold. (Ukrainian metal)
Chelyabinsk Zinc Works has started constructing the leaching department of its hydrometallurgical shop. The preliminary stage ended in mid-July: the concrete surface of the future construction site has been disassembled. “The decision to start constructing the department was taken under the program to increase capacity to 200 thousand tons of zinc per year. After the…
In January-June Ukraine produced 500.2 thousand tons of pipes, up by 26% YoY, including 93.8 thousand tons in June. Ukrtrubprom enterprises increased output by 34.6%, to 335.4 thousand tons of pipes, with 64.4 thousand tons in June. Khazrtsyzsk Pipe Works, situated in the uncontrolled territory, produced 3.4 thousand tons of pipes (2.8 thousand tons in…
In January-May Belarus exported $727.7 million worth of metal. According to the State Statistics Committee, the metal share in the total industrial exports was 6.8%. Rolled steel exports increased by 6.8% YoY, iron and steel wire – by 42.1%, steel pipes – by 3.8%, and metal structures – by 3.4%. Rolled metal amounted to 32.8%…
On July 13 the rating agency Fitch Ratings upgraded the Magnitogorsk Iron and Steel Works’s Long-Term Issuer Default Rating (IDR) to ‘BBB-‘ from ‘BB+’ with Stable Outlook. In its press-release Fitch notes that the rating upgrade reflects MMK’s substantial deleveraging and Fitch’s view that the company’s financial profile will remain conservative, with projected leverage comfortably…