Ukraine: coke output up in January-October 2018

In January-October Ukrainian by-product coke plants increased 6% moisture coke manufacture by 4.7% YoY, to 8.986 million tons. According to Ukrkoks, in October output was 952 thousand tons, up from 878 thousand tons in September. The output growth is due to the slight increase in pig iron manufacture. In 2019 Ukraine is expected to increase…

Ukraine: DTEK profits in January-September 2018

In January-September DTEK received 3.395 billion UAH of net profit, including 2.009 billion UAH of net loss in Q3. In particular, the financial results were influenced by the decrease of the hryvnia exchange rate. The loss of currency exchange rate difference totals 0.6 billion UAH. The company income was 119.812 billion UAH in 9 months,…

Russia: two TMK plants get RZhD preferences

Russian Railways announce another decrease of tariffs for the transportation of ferrous metals and other goods. From January 1 till December 31, 2019 some Ural metal plants will get special tariff conditions. In particular, RZhD is introducing a 47% discount on inner transportation of ferrous rolled metals from the Polevskaya station to the Kamensk-Uralsky station.…

Russia: Metalloinvest loan prolonged

Metalloinvest has signed an addendum to the loan agreement with ING Bank Eurasia. The bank has extended till November 2020 the terns of the loan in the volume of $200 million (or in euro equivalent). In January-September Metalloinvest increased net profit by 14.3% YoY, to $1.245 billion. Revenue grew by 17.3%, to $5.342 billion and…

Ukraine: Lvivugol miners start getting October 2018 salary

On November 26 Lvivugol received funds from the sale of coal.

All the money was spent to pay salary to miners for October.

Still, the funds were enough only to cover 10% of the salary. (Ukrainian metal)

Russia: Yakutugol replacing machinery at processing factory

Yakutugol is commissioning two filter-presses and three pumps at the Neryungrinskaya processing factory.

Investments exceed 37 million rubles.

Each press can process 24 tons of coal mass per hour.

The company plans to buy 5 more pumps shortly. (Ukrainian metal)