Port Ugolniy Company, a part of Tigers Realm Coal (TIG), has started navigation in the port of Beringovskiy in Chukotka. The first bulker to be loaded this year was the Densa Cougar flying the Maltese flag. The vessel will take some 50 thousand tons of coal to the Asia-Pacific region countries. The loading is made…
In May, Ukraine increased semi-finished steel products exports by 25.6% MoM, to 732.6 thousand tons, valued at $314.6 million, up by 39.9%. According to the State Fiscal Service, in January-May semis exports totaled 3.1 million tons valued at $1.3 billion. The semi-finished products share in the overall foreign trade reached 6.24%. Almost half of all…
This year Dneprospetsstal has faced the increased competition on world markets because of the drop of demand and imposition of limits on deliveries. According to far foreign countries sales director Konstantin Moroshkin, in the past three years the market situation was favorable. The demand for DSS products was quite high. But in 2019 the situation…
The development of sizes and grades of products according to foreign standards and demands of key customers is one of the priority tasks for Metinvest this year. This year the group plans to master the manufacture of four new sizes of slabs and 19 new flat rolled products. Some of the new products are already…
Azovstal Iron and Steel Works has shut down its blast furnace No. 6 for capital repairs. Its modernization will improve its efficiency, lower manufacturing prime cost and decrease dust emission by 55%. At present the specialists are preparing to start disassembling structures. (Ukrainian metal)
As of June 11, Ukraine has emptied its individual tariff quotas for the delivery of seamless pipes of stainless steel, other seamless pipes and unalloyed wire to EU. Rebars quota is 99.26% full, cold-rolled metal – 98.13%, angles and sections – 96.63%, and hollow sections – 98.54%. The wire rod quota has been 73.59% fulfilled,…
Alfa-Bank has reduced its stake in Russian precious metals producer Polymetal International by 0.03% to 4.98%, the bank said in a statement on June 11. The reason for the reduction was not disclosed. (Prime/Ukrainian metal)
“We must hear the government’s information about Kumtor before recess,” MP Kozhobek Ryspaev said at a meeting of the Parliament on June 12. According to him, there is a decree of the Parliament on monitoring the negotiations on a new agreement on Kumtor. Therefore, it is necessary to consider information of the government on the…