Russia: VgAZ-SUAL to start operating in 2017

The resumption of primary aluminum production as well as the creation of a new anode factory at the VgAZ-SUAL works will give the Volgograd region some 2.5 thousand jobs. RusHydro confirmed its readiness to discuss electricity supply to the Volgograd Aluminum Works. It was the high cost of electricity that halted the electrolysis manufacture at…

Russia: ChMK starts producing beams for industrial shops

Chelyabinsk Iron and Steel Works, a part of Mechel, has started producing two types of construction beams.

The new beams (45B1 and 45B2) are used in construction of industrial buildings, warehouses and trade premises. So far the company has shipped over 200 tons of beams to local customers. (Ukrainian metal)

Ukraine: SevGOK to pay 1.8 billion UAH of dividends

The shareholders of the Severniy Mining and Processing Works, a part of Metinvest, intend to spend 1.8 billion UAH on paying dividends for 2016 from the net profit of 3.61 billion UAH.

The dividends will be paid as 0.77643 UAH per ordinary share.

In 2015 SevGOK received 1.21 billion UAH of net losses. (Ukrainian metal)

Russia: aluminum output down in January-February 2017

In January-February primary aluminum production decreased by 3.7% YoY, but the output of aluminum alloys went up by 7.7%.

Aluminum powder and flakes output increased by 15.6%, wire rod, rods and sections – by 11.1%, sheets, plates, bars and strips – by 26%, and foil – by 37.8%. (Ukrainian metal)

Ukraine: Russia stealing 10 thousand tons of coal a day

On March 1-20, over 3.4 thousand wagons with coal passed the border with Russia, according to the statistics data of the Russian Railways.

Thus Russia took some 230 thousand tons of anthracite (10 thousand tons per day) from the uncontrolled territories valued at around 400 million UAH. (Ukrainian metal)

Russia: Rusnano top exec Pikhoya to chair GV Gold

German Pikhoya, a member of the management board of Russian nanotechnology company Rusnano and former CEO of gold producer Polyus, may become CEO of gold miner GV Gold. Pikhoya has left Rusnano to “chair a large gold producing company,” Rusnano said without any specifications. Pikhoya said he would be ready to discuss the topic only…

Ukraine: metal companies demand canceling railroad tariff discount for Russia

Ukrmetallurgprom has addressed the Prime Minister of Ukraine Vladimir Groysman asking him to cancel the railroad tariff and port fee discounts for coal and ore transportation from Russia from Q2. The enterprise president Alexander Kalenkov believes that under present circumstances such a decision will make the use of the local transportation infrastructure more efficient and…