It took the enterprise 57 years to reach this target. “100 million tons of non-ferrous ore is a huge figure. Imagine 15 and a half Great pyramids or 10 thousand Eiffel Towers – that’s how much we mined”, said the open-pit mine director Alexander Fomin. This year Gaysky GOK intends to mine 2.6 million tons…
The Krasnodarsky Krai Court of Arbitration has declared the Armavir Iron and Steel Works bankrupt. The supervision procedure is being implemented. The next court session following the results of procedure will be held on February 27, 2017. Armavir Iron and Steel Works is the mini-mill project in Armavir. Its capacities should have reached 750 thousand…
Severstal – Balkanovo has started producing screw dire-rolling section No. 22. Such sections could be connected with nuts and are used in construction. The first 120 tons of screw bars will be shipped to consumers this month. (Ukrainian metal)
Interpipe has appointed Fadi Hraibe its new CEO. According to the company statement, Hraibe will start working on his new position from November 1. Oleg Rosenberg, who has been heading Interpipe since 2013, has finished his cooperation with the company. Hraibe has been working at Interpipe for over 5 years. (Ukrainian metal)
In September Ukraine exported $61.26 million worth of ferroalloys, while imports totaled $7.05 million. According to the State Fiscal Service, Turkey was the main consumer of Ukrainian ferroalloys in September ($11.77 million). In January-September Ukraine exported $519.51 million worth of ferroalloys, with imports at $61.19 million. (Ukrainian metal)
One of the main producers of coking coal, the Raspadskaya mine, in Q3 decrease coal output by 7% QoQ, to 2.43 million tons. According to the company statement, its sales dropped by 9% QoQ, to 1.44 million tons. The average price of Raspadskaya coal in Q3 went up by 15% YoY to 3119 rubles per…
In September Ukraine imported $25.37 million worth of coke, with exports on the level of $3.9 million. According to the State Fiscal Service, Russia was the main supplier of coke to Ukraine in September ($15.49 million). In January-September Ukraine imported $194.4 million worth of coke, while exports reached $22.45 million. (Ukrainian metal)
In September Ukraine produced 1046 thousand tons of bulk 6% moisture coke, down by 3.6% MoM, or by 39 thousand tons. According to Ukrmetallurgprom, in January-September coke output increased by 1.1% YoY, or by 1275 thousand tons, to 9699 thousand tons. (Ukrainian metal)