In January-September Izhstal (a part of Mechel) produced 282 thousand tons of metal, up by 48% YoY. Sales increased by 51%. Steel and rolled metal output went up by 24% and 33% YoY respectively. In September the works sold 46.2 thousand tons of metal, an absolute record for the last 25 years. (Ukrainian metal)
ArcelorMittal Kriviy Rih plans to invest $1.5 billion into development until 2020. “We would go on with our investment activities”, Paramjit Kahlon, the company CEO, explained. For the past 10 years AMKR has been investing some $250 million each year. According to Kahlon, the works operation has a positive impact on the economical situation in…
Month Ukrainian market, $/t, without VAT, EXW, $1/UAH25.489* min max July 446 477 August 463 491 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 31.08.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)
In January-September NLMK produced 12.3 million tons of steel, up by 2% YoY. Capacity loading increased by 1%, to 95%. Sales totaled 12.29 million tons, up by 2% YoY, including 4.36 million tons of semi-finished products, up by 1%, and 7.92 million tons of finished products, up by 3%, in particular 6.26 million tons of…
Corum Group is in search for additional orders on the market of Vietnam. “Vietnam has major plans as to coalmining and so it has to stop using mining by hand. The country is building new mines that will be equipped with machinery. We have a turnkey contract with Vinacomin to construct two shafts of Nui…
Month Russian market, $/t, EXW, without VAT, $1/RUR64.91* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.489* min max min max July 521 521 444 444 August 495 495 409 409 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 31.08.16 according to the National Bank of Ukraine and the Central Bank of the…
Russian steelmaker Severstal’s coal production unit Vorkutaugol is evacuating workers from the Zapolarnaya mine because the carbon monoxide level has exceeded the norm, the company said in a statement. “In accordance with the safety rules, the workers on the shift are being lifted to the surface. Emergency Ministry troops are investigating the mine. There were…
DTEK Pervomayskoye Mine Group has put into operation a new long face with 430 thousand tons of coal. The length of the face is 280 meters. Coal deposits will be enough for 8 months. Since the year start Pervomayskoye Mine Group has put 2 long faces into operation. The group annual coal target is 3.3…