Severstal has signed year-long contracts with the leading car manufacturers from Russia and CIS to supply metal in 2017. According to the company statement, it will supply 70 thousand tons of metal, produced at the Cherepovets Iron and Steel Works, to KamAZ. Severstal also agreed on deliveries to GAZ. The company has been also supplying…
The anthracite coal stocks at the warehouses of thermal power plants decreased by 12.1%, to 513 thousand tons, as of March 27. According to the Ministry of energy and coal industry, the gas-coal stocks increased by 8.9%, to 1.292 million tons. 260 thousand tons of anthracite are stored at the Lugansk TPP. (Ukrainian metal)
Ukrdoninvest LLC, which in September 2016 signed a contract with the state enterprise Centrenergo to supply 240 million UAH worth of coal, has acquired 21.69% of shares of the Ukraina Central Processing Factory from Altera Asset Management. Altera is no longer a shareholder of the factory. 78.31% of the factory stake belong to DRFTs LLC.…
ArcelorMittal Kriviy Rih will recultivate the lands of the old quarry of the non-operating mine named after Valyavko-Severnay. In 2017-2018 the company will create a green public zone in Kriviy Rih. AMKR will spend some 1 million UAH on the project. The mine was closed down in 1996 because of the reserves running dry. (Ukrainian…
Pavlogradugol and Dobropolyeugol incorporated into DTEK plan to increase run-of-mine (ROM) coal by 10-15% in 2017, DTEK CEO Maksym Timchenko has said. He said that the Pavlogradugol production target for 2017 was 19-20 million tons (a rise of 3.3-8.7% on 2016), and that for Dobropolyeugol – 3.8 million tons (a rise of 65.2%). He said…
The resumption of the Yenakievo Iron and Steel Works and its Makeevka subsidiary operation is estimated at 584 million rubles a day, according to the so-called ministry of industry of the Donetsk People’s Republic, the terrorist organization, supported by Russia, on the occupied territories of Ukraine. Earlier the chief of the organization Alexander Zakharchenko said…
In 2016 Ukrainian Mining and Metallurgical Company, one of the largest metal-selling companies of Ukraine, received 66.8 million UAH of net losses, as opposed to 51.17 million UAH of net profits in 2015. According to the company statement, its accounts receivable dropped by 4.6%, to 295.353 million UAH, but current liabilities rose by 14.4%, to…
The project of complete modernization of the Vyksa Iron and Steel Works will require $6.94 billion worth of investments. According to the owner of the company – OMK – it plans to carry out the project in several years, without naming the specific date. The project presupposes the total modernization of the existing casing pipe…