The Zaporozhye regional department of the State Property Fund has decreased the price of the state enterprise Aluminum Foil Works 2-fold. The initial price of the works is 583.977 million UAH (with VAT), previously it was set for auctions at 1.159 billion UAH. The new auction will take place on October 13. The capacity of…
Korshunovsky quarry of the Korshunovsky Mining and Processing Works has mined the 500-millionth ton of ore. The anniversary ton of ore will be processed and supplied to Chelyabinsk Iron and Steel Works. The first ton of ore from Korshunovsky quarry was shipped in December 1964, 3 months before the enterprise was officially created. The first…
Beloretsk Iron and Steel Works has organized testing 4 new grades of wire for boiler and oil-and-gas machinery. The results allow expanding the sales market and increasing the share of the high value products. The first batches of new products (20 tons) have already been produced and shipped to the customer. The wire has been…
High demand for steel and low stocks of Chinese traders, US import duties and high expenses on raw materials are among the factors influencing the world steel price increase. Moreover blast furnace manufacture in Northern China is expected to be limited, which will result in the drop of output by 50 million tons. Thus prices…
The supervisory board of Zaporozhye Vtormet has relieved the acting chairman of the board Alexander Umrikhin of his duties, appointing the shop director Konstantin Beskorovayniy instead. The term of the office has not been stipulated, but Beskorovayniy has been hired with a 3-month trial term. Zaporozhye Vtormet procures and processes ferrous scrap. (Ukrainian metal)
In August Ukrainian metal companies increased natural gas consumption by 10 million cubic meters MoM, to 140 million cubic meters. Average daily gas consumption increased by 0.3 million cubic meters, to 4.5 million cubic meters. In January-August metal companies consumed 1.2 billion cubic meters of gas, up by 2% YoY. Average daily consumption was 4.7…
In August Ukrainian metal companies received 270 thousand tons of scrap, down by 20 thousand tons MoM, or 86% of their need. In 8 months they received 2.1 million tons, up by 6% YoY, but just 89% of their need. Scrap stocks at metal companies in August decreased by 30 thousand tons, to 110 thousand…
Ukrmetallurgprom forecasts that in October Ukraine will produce 2 million tons of steel, 1.9 million tons of pig iron and 1.7 million tons of rolled metal. In August steel output totaled 1.925 million tons, pig iron – 1.817 million tons, and rolled metal – 1.609 million tons. In January-August Ukraine decreased steel manufacture by 16%…