The state enterprise Ukrpromvneshexpertisa forecasts that in November the average ferrous scrap price will increase by 14% MoM, or by 700 UAH per ton, to 5700 UAH per ton. “The price situation is very interesting. The metal makers have been hiding prices from each other. And worked separately with each trader. In fact, the price…
In October Ukraine produced 1686 thousand tons of rolled metal, down by 3.3% MoM, or by 57 thousand tons. In January-October rolled metal output increased by 6.4% YoY, or by 1064 thousand tons, to 17811 thousand tons. (Ukrainian metal)
Ukrainian Mining and Metallurgical Company has opened a new metal supermarket in Brovary, Kiev region, increasing its sites number to 26. The decision to open the store has to do with the necessity to service the left bank side of the Kiev region. The square of the warehouse is 2 thousand square meters, allowing storing…
Mariupol Ilyich Iron and Steel Works has started constructing a new continuous-casting machine No. 4. The machine is expected to be put into operation in two years, providing for 380 additional jobs, according to the company CEO Yuri Zinchenko. The contract for construction with Primetals Technology (Austria) was concluded in September 2015. The new machine…
In January-September companies of the Russian Copper Company Chelaybinsk division (Mikheevsky GOK, Alexandrinskaya Mining and Ore Company, Karabashmed and Kyshtym Copper-Electrolytic Works) earned 31.25 billion rubles, with 6.25 billion rubles of net profits. In particular Mikheevsky GOK received 13.12 billion rubles with 2.97 billion rubles of net profits. Karabashmed earned 6.92 billion rubles, with net…
In October Dneprospetsstal produced 22.82 thousand tons of steel and 13.63 thousand tons of rolled metal, up by 8.2% and by 2.2% MoM respectively. The total cost of the products manufactured in October reached 543 million UAH, down by 0.5% MoM. In January-October DSS produced 196.6 thousand tons of steel and 125.02 thousand tons of…
In January-September Russia decreased raw titanium production by 2.7% YoY, while the output of titanium-based alloys increased by 13.5% YoY. According to the Federal Service of State Statistics, September output dropped by 2.4% YoY and by 2.8% MoM. At the same time titanium alloys production increased by 13.6% YoY, though falling by 10.6% MoM. (Ukrainian…
Mikhail Volynets, the chairman of the Independent Miners Union of Ukraine, believes that the coal industry is in the critical state, and the lack of money makes it impossible to pay salary and develop mines. “Unpaid salary totals 80 million UAH. We don’t understand from where this will be paid. In 2011 the state budget…