Gaysky Mining and Processing Works has purchased new mills for its repair-mechanical plant under the program to replace and modernize outdated machinery. Investments this year total 2 billion rubles. Since the start of the year over 20 units of mining machinery, both domestic and imported, have arrived at the enterprise. Two milling machines valued at…
Mikhailovsky Mining and Processing Works has become the winner of the MMK supplier competition in the category of iron ore pellets. “The main criteria of the competition are the quality of the products, their demand, as well as the innovative and scientific-technical component”, MGOK commercial director Ivan Buyanov said. “The iron ore raw materials purchased…
In January-June Severstal increased steel output by 6% YoY, to 6.03 million tons. Pig iron manufacture grew by 1%, to 4.61 million tons. At the same time in Q2 pig iron output dropped by 4%, to 2.26 million tons, and steel – by 1%, to 3 million tons. Overall steel sales in H1 increased by…
Metinvest has attracted a loan of 43.2 million euros for 7 years to finance the Mariupol Ilyich Iron and Steel Works. The loan is covered by the Austrian export guarantee issued by Oesterreichische Kontrollbank AG. The money will be spent to finance the construction of the continuous casting machine No. 4 at Mariupol Ilyich by…
Ukraine’s Economic Development and Trade Ministry says the European Commission has decided to impose preliminary protective measures within an investigation into metal products, introducing tariff quotas for imports of 23 types of such produce for 200 days from July 19. “Tariff quotas will be applied on the basis of the “first come, first served” principle.…
Metinvest, the vertically integrated group of steel and mining companies, has settled another part of its pre-export finance (PXF) facility ahead of schedule. This underscores the group’s pledge to lower debt further following the conclusion of the debt refinancing in April, the largest transaction by a Ukrainian corporate to date. In it, Metinvest refinanced $2,271…
Miners of Lviv region have started receiving salary for June. According to the Lviv Regional State Administration press-service, the state enterprise Lvivugol has received 12 million UAH from the sale of coal. All the money was spent to pay salary for June. It is reported that miners received 9% of the overall amount of June…
In January-May, according to the customs statistics, imports of seamless pipes of corrosion-resistant steel totaled 22.1 thousand tons valued at $61 million, up 2.9-fold and 1.6-fold YoY respectively. This is the largest volume of imports in the past 7 years. The main supplier is Kazakhstan (60%), followed by China (19%) and Ukraine (5%). (Ukrainian metal)