The supervisory board of Ingulets Mining and Processing Works has appointed Alexander Gerasimchuk the general director. In June 2015 Gerasimchuk was appointed acting CEO of InGOK. “Under his management the repair system has developed, industrial safety level increased, and new product appeared – concentrate with higher contents of Fe 68%. As the result of these…
The European Union has imposed 5 years antidumping duties on cold-rolled metal from Russia. The sanctions have affected the largest Russian metal companies: Severstal, Magnitogorsk and Novolipetsk Iron and Steel Works. The lowest duty is imposed for MMK – 18.7%. Severstal received 34%, while NLMK – 36.1%. The reason for the investigation was the complaint…
Month Russian market, $/t, EXW, without VAT, $1/RUR64.2575* Ukrainian market, $/t, without VAT, EXW, $1/UAH24.854* min max min max May 124 153 143 148 June 131 153 146 155 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 30.06.16 according to the National Bank of Ukraine and the Central Bank of the…
In January-June Zaporizhstal consumed 87.2 million cubic meters of gas, down by 15% YoY, while increasing output of steel by 2.2%, of rolled metal – by 3.6% and of pig iron – by 2.7%. According to the company statement, gas consumption decrease was reached with the help of the program, which involved manufacturing effectiveness increase,…
In July Moldova Iron and Steel Works produced 15.9 thousand tons of steel and 8.9 thousand tons of rolled metal. The works sold 8.8 thousand tons of metal, including 6.5 thousand tons of rebars and 2.3 thousand tons of wire rod. According to the company press-service, products went to EU, Ukraine and Moldova. In June…
Twelve Volvo trucks will come to Norilsk Industrial Transport (NPT) Enterprise, Norilsk Nickel subsidiary, in the nearest future. New dump trucks will replace outdated equipment and improve ore transportation efficiency. MAZ-5516А5-373 outdated dump trucks operated by NPT are used to deliver ore from stockpiles to Norilsk Concentrator of Polar Division. Ore transportation is twenty-four-hours-a-day process…
Month Ukrainian market, $/t, without VAT, EXW, $1/UAH24.854* min max May 427 438 June 355 440 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 30.06.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)
Mechel PAO, one of the leading Russian mining and metals companies, announced Q2 2016 operational results. Mechel CEO Oleg Korzhov commented on the operational results: “In this accounting period, the coal industry demonstrated stable demand on both global and domestic markets, with a growth registered in both quarter benchmarks and spot prices. In Q2 China…