Ukraine: AMKR mined once again

The Kriviy Rih city police have informed that the morning of July 31 has started with the information of the mining of ArcelorMittal Kriviy Rih.

The territory of the works was immediately surrounded and checked for explosives.

On July 20 similar information was received by the police. Luckily it was false. (Ukrainian metal)

Russia: Gaysky GOK constructing underground weigh-loading complex

Gaysky Mining and Processing Works is constructing a weigh-loading complex at the Skipovaya mine.

The work is being performed underground – at the depth of 1260 meters.

Investments in the new complex total 20 million rubles.

The construction began in November 2017, and is planned to be finished this year. (Ukrainian metal)

Russia: MMK decreases steel demand forecast

MMK has decreased the forecast of demand for its products this year almost 2-fold because of the tax reform. While seeking money for pre-election promises of president Vladimir Putin, Russian authorities suggested increasing the base rate of added value tax by 2%. “Last year steel consumption in Russia grew by 6.5%. This year we estimate…

Ukraine: coal output down in H1 2018

In January-June Ukraine increased power-generating coal output by 2.3% YoY, to 13.293 million tons, but decreased that of coking coal by 9%, to 3.2 million tons. According to the Ministry of energy and coal industry, combined coal output in 6 months dropped by 0.1%, to 16.495 million tons. State mines decreased coal output by 8.8%,…

Ukraine: AMKR to allocate 30 million UAH to social projects implementation

PJSC ArcelorMittal Kriviy Rih will provide for realization of social projects that will enable to improve Kriviy Rih city environment. Paramjit Kahlon, the company’s CEO, and Yuriy Vilkul, Kriviy Rih mayor, signed social partnership agreement. Yuriy Vilkul: “PJSC ArcelorMittal Kriviy Rih is a core company of the city. It is highly important that besides performance…

CIS: steel output up in June 2018

In June Russia produced 6.12 million tons of steel, up by 8.9% YoY (6.077 million tons in May). In 6 months steel manufacture increased by 2.8% YoY, to 36.066 million tons. Ukraine increased output by 7.5% YoY, to 1.711 million tons (1.695 million tons) and produced 10.391 million tons of steel in 6 months, up…

Russia: Izhstal exports up in H1 2018

In January-June Izhstal exported 31 thousand tons of metal, up 2.2-fold YoY.

The share of exports in the overall output reached 14%.

Belarus is one of the main export markets for the company. In 6 months exports there grew by 63% YoY.

In particular, deliveries to the Minsk Tractor Works increased by 40%. (Ukrainian metal)

Russia: Raspadskaya output down in Q2 2018

In April-June Raspadskaya, one of the Russia’s largest coking coal manufacturers, decreased output by 19% QoQ, to 2.43 million tons. June output dropped because of the decrease of operating long faces from 3 to 2. Moreover, in May the mine had to stop operation to improve industrial safety. “In H2 Raspadskaya mine will resume operation…