In early November Donetsk Iron and Steel Works, situated in the temporarily occupied region, stopped operating because of the lack of funds. The money provided by the managing company Vneshtorgservice LLC was used to buy fuel, raw materials, machinery, etc. In June the works was shut down because of the absence of fuel. (Ukrainian metal)
In January-October Ukraine imported 2.167 thousand tons of hot-briquetted iron, down by 95.2% YoY. According to the State Fiscal Service, imports decreased in monetary terms by 92.5%, to $580 thousand. Ukraine does not export or re-export HBI. The largest manufacturer of HBI in the CIS countries is Lebedinsky GOK (Russia). In 2016 because of the…
In January-September Nordgold yielded 716.8 thousand ounces (22.3 tons) of gold, up by 13% YoY. The prime cost in H1 increased by 7%, to $689 per ounce. Sales grew by 13%, to 716.3 thousand ounces, with the average price down by $6 YoY, to $1257 per ounce. The company revenue increased by 13%, to $900.5…
In October StalTrans sold 3.6 thousand tons of metal wares, up by 2.75% MoM, including 2.7 thousand tons of wire, up by 1.28%, and 0.7 thousand tons of nails, up by 1.26%. In January-October sales increased by 12.9% YoY, to 37.9 thousand tons. Wire sales grew by 14.7%, to 28.1 thousand tons, while nails by…
In January-September Severstal supplied some 414 thousand tons of rolled metal to Russian machine-builders, up by 15% YoY. The increase was the result of the growth of metal consumption in some industries, in particular in railroad, lifting and transport and agriculture machine-building. In 2017 Severstal expects steel demand in machine-building to grow by 12.5% YoY.…
In January-October Dneprospetsstal produced 140 thousand tons of rolled metal and 215.2 thousand tons of steel, up by 12% and by 9.5% YoY respectively. In October the output totaled 23 thousand tons of steel and 14 thousand tons of rolled metal. In 2016 Dneprospetsstal decreased output by 8.3% YoY, to 6.295 billion UAH. (Ukrainian metal)
The Federal Antimonopoly Service has opened a case against Kovdor Mining and Processing Works after Severstal’s report on the enterprise iron ore price increase in early 2017. The FAS has found out that Kovdor GOK is the only manufacturer in Russia of concentrate with 6% magnesium content. Its cost in January increased by 48% MoM…
The State Service of Geology and Subsoil has prolonged the special license to mine iron ore to Evraz Sukhaya Balka for 20 years, till November 7, 2037. The decision was taken on November 7. The granting of the license was the result of the Dniepropetrovsk district administrative court ruling, as well as the Supreme Administrative…