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%,…