The State Service on Subsoil Use intends in the short-term to settle the problem with Evraz Sukhaya Balka. “The situation with the blocking of the operation resulted from the company previous allowances expiring in August 2016”, the service said. In 1996 Evraz Sukhaya Balka obtained two allowances to mine for iron ore for 20 years,…
The state enterprise Mirnogradugol has ordered Det-Yura LLC the delivery of anchoring valued at 8.78 million UAH. The price includes insurance and transportation. The Det-Yura LLC offer was 0.5% cheaper than those of its competitors. (Ukrainian metal)
Zaporizhstal has set a record of pig iron manufacture – 13.2 thousand tons per day, up by 500 tons from the previous record. This has been achieved thanks to the reconstruction of blast furnace manufacture. The works has already invested almost 9 billion UAH into environment modernization. In 2012-2016 investments totaled 5.6 billion UAH, with…
In January-July Russia imported 7201 tons of copper pipes for conditioning, up by 16% YoY and by 23.6% from the 2015 level. According to the customs information, the main supplier of copper pipes was Serbia (21.6%), down by 17.4%. The average price on Russian border was $7374 per ton. Greece exported 20% of pipes, up…
In January-July Russia exported 81.7 thousand tons of raw nickel valued at $768 million, down by 29% and by 23.3% YoY respectively. These are also the lowest results for the past 10 years. In July the average price for nickel was $9179 per ton FOB Russian border, down by 5% YoY. (Ukrainian metal)
NLMK announced the closing of its $500 million 7-year Eurobond placement with an annual coupon rate of 4.00%. Interest payments on the Eurobonds are payable semi-annually. The proceeds from the issue will be used to finance the purchase of existing Notes due 2018 and 2019 in accordance with the terms and conditions of the Tender…
On the square near the Dneprovsky Iron and Steel Combine a meeting was held. People demanded clean air and healthy future for their children. The strikers didn’t want the combine to be shut down, they just wanted the company to use all the filters and fulfill all the environment programs. (Ukrainian metal)
In January-August coal companies output decreased by 2.444 million tons, or by 9.4% YoY. “In particular, power-generating coal production dropped by 1.338 million tons, or by 6.5% YoY, and coking coal – by 1.105 million tons, or by 19.7%”, the Ministry of energy and coal industry reported. State mines decreased output by 20.8%. “The ministry-controlled…