Ukraine: growing rolled metal imports threatening local market

In January-February Ukraine produced 2977 thousand tons of rolled metal, of which local customers received only 334 thousand tons, or 11.3% of the total volume. “In January-February 2017 of 3188 thousand tons produced 2536 thousand tons (79.5%) were exported, while the rest (652 thousand tons, or 20.5%) were sold domestically”, reported Ukrmetallurgprom. This year Ukraine…

Ukraine: Ferrexpo output down in January-February 2018

In January-February Ferrexpo produced 1.675 million tons of iron ore pellets, down by 3.8% YoY.

Concentrate output dropped by 6.4%, to 2.019 million tons.

In February Ferrexpo produced 771 thousand tons of pellets and 926 thousand tons of concentrate.

Last year Ferrexpo decreased pellets production by 6.8% YoY, to 10.444 million tons. (Ukrainian metal)

Russia: ChTPZ ships LDP to Uzbekistan

ChTPZ has supplied some 6 thousand tons of large diameter pipes to Uzbekistan. The customer was Enter Engineering, one of the leaders of the Central Asia oil and gas construction market. The pipes with the diameter of 1020 mm and the wall thickness of 10 mm and outer three-layer corrosion-resistant coating were made of K52…

Russia: NLMK to increase Lipetsk site capacities

NLMK intends to increase its galvanized and polymer-coated rolled metal capacities at the Lipetsk site by constructing the continuous hot dip galvanizing line No. 5 and polymer-coating machine No. 4. The former will produce 450 thousand tons of rolled metal with the thickness of 0.3-2.5 mm and the width of 700-1550 mm per year, while…

Ukraine: Ferrexpo to squeeze out PGOK shares

Ferrexpo plc is considering a squeeze-out at Poltava Mining and Processing Works, the largest manufacturer of iron ore pellets in Ukraine.

At present this move is being analyzed.

Ferrexpo plc owns 100% of Ferrexpo AG, which in its turn is the owner of 99.11% of PGOK and 100% of Yeristovo GOK. (Ukrainian metal)

Ukraine: Interpipe invests $250 million in pipe-wheel manufacture

Lately Interpipe has invested some $250 million in its pipe-wheel manufacture. “We have invested almost $100 million in the manufacture of railroad products and around $150 million in pipes”, Interpipe corporate issues director Dmitry Kisilevsky declared. Earlier it was reported that Interpipe commissioned additional capacities on wheel treatment. Investment totaled $8 million. The new capacities…

Russia: Kuzbass Fuel Company to raise coal output in 2018

Kuzbass Fuel Company plans to raise its coal output by almost 21%, to 15.9 million tons in 2018, the company said on March 15.

The company plans to invest 3 billion rubles in development of production this year, including 1.4 billion rubles in the purchase of mining and transport equipment. (Prime/Ukrainian metal)

Russia: Interros buys 2.1% of Norilsk Nickel

Investment company Interros of the Russian businessman Vladimir Potanin has closed an acquisition of 2.1% in mining and metallurgic company Norilsk Nickel from Crispian Investments of businessman Roman Abramovich’s Millhouse to raise its stake to 32.9%, a representative of Interros reported on March 15. Earlier in March aluminum giant UC RUSAL of businessman Oleg Deripaska…