A company belonging to Said Kerimov is placing about 4.67 million shares, or a 3.5% stake in Russian gold producer Polyus, on the secondary market. The offering is proceeding with an accelerated book building. VTB Capital, Gazprombank, Goldman Sachs, J.P. Morgan and Sberbank CIB act as the organizers. (Prime/Ukrainian metal)
The Ministry of Economic Development and Trade is initiating an antidumping investigation on the import of some Russian steel ropes. The ministry received a complaint from a Ukrainian manufacturer, claiming that in 2016-2018 imported Russian steel ropes price was below the prime cost of similar products. In 2018 the imports of Russian ropes grew by…
ArcelorMittal Kriviy Rih intends to increase 6% moisture coke manufacture by 6% YoY, to 2.878 million tons. A special car to quench coke valued at 8.8 million UAH is being assembled at the company. Together with work investments totaled 10 million UAH. The car was produced by Dneprotyazhmash. The new car will be used at…
In January-March Druza LLC extracted 195.7 kg of ore gold in Irkutsk region, up by 8.2% YoY. In Q1 2018 Druza mined 180.8 kg of gold. At present the company is operating at only one site – Nevsky gold ore deposit. In May the company will start developing alluvial sites. This year Druza plans to…
Gaysky Mining and Processing Works has commissioned an Uralmashzavod jaw crusher. Until the end of the year UMZ intends to produce over 30 large crushing machines, up almost 2.5-fold YoY. The jaw crusher has been assembled at the first crushing stage of the processing factory. (Ukrainian metal)
Revyakino Iron and Steel Works has started manufacturing A500C sections with the diameter of 16 mm. The increase in output has reached 15%. After a bankruptcy in 2016 and downtime in 2017-2018, the company has resumed manufacture. In January-February it shipped 626 railroad cars with metal to customers. From September 2018 to February 2019 monthly…
Magnitogorsk Iron and Steel Works (MMK) plans to begin the reconstruction of blast furnace No. 2 in 2020, in line with its modernization plans. MMK plans to radically modernize the unit, significantly reducing its environmental impact. The historically significant blast furnace No. 2 was commissioned in the summer of 1932, a few months after the…
The President of Ukraine Petr Poroshenko has signed a decree to increase scrap export duty from 42 euro to 58 euro per ton. On February 28 the Verhovna Rada adopted the draft decree No. 9474, providing for the duty increase, as a whole. 234 parliament members voted in favor of the decree. The duty will…