In January-July Ukraine produced 5.189 million tons of metallurgical coke, down by 5.2% YoY. In July 798 thousand tons of coke were produced, in June – 769 and in May – 917 thousand tons. The drop in production is observed at Dneprokoks and Dniepropetrovsk By-Product Coke Plant. In H1 Ukraine imported 2.9 million tons of…
In June Russia exported 590.3 thousand tons of scrap, up by 17.5% YoY and by 31% MoM. According to the Federal Customs Statistics, in 6 months exports dropped by 13%, to 2.44 million tons. Turkey remains the main customer accounting for 44% of all Russian scrap exports, down by 15%. Average price in June was…
The salary debts to state miners will have been cleared by the Independence Day. According to the deputy minister of energy and coal industry Anatoliy Korzun, it is expected that until the end of the week over 500 million UAH will be transferred to state mines. Of them 250 million UAH will be provided by…
Growing dependency of the Russian coal industry on exports creates risks, as the external markets are volatile, president Vladimir Putin told governors of the country’s coal-producing regions on August 22. “Our consumption grew to 180 million tons last year, but we exported 210 million tons. The growing dependency on the external markets creates threats and…
Southern Kuzbass, a subsidiary of Russian metals and mining group Mechel, has launched production at a 400-million ruble longwall at the Lenin underground mine with reserves of 560,000 tons of coal, the company said in a statement on August 22. The new longwall should raise the mine’s capacity and production of coking coal. Monthly loading…
ArcelorMittal Kriviy Rih is launching a new Ecocity project. Its goal is to support the social and environmental initiatives of the residents of Kriviy Rih on improvement and landscaping of urban areas, resource saving and rational use of waste. The best of them will be financed by the company by allocating grants. The total prize…
In January-July Severniy Mining and Processing Works increased pellets manufacture by 1.3% YoY, to 5.251 million tons. Concentrate output grew by 7.7%, to 7.12 million tons. In July SevGOK produced 816 thousand tons of pellets and 1.042 million tons of concentrate. (Ukrainian metal)
International ratings agency Fitch has improved the Petropavlovsk Plc long-term rating to B- from CCC, with positive outlook. The improvement reflects the considerable strengthening of the company liquidity due to the refinancing of convertible bonds, paying of $57 million worth of loans by IRC Limited, etc. At the same time Fitch noted that financial and…