Ukraine: AMKR to submit more than 1000 computers to the schools

Charity fund of PJSC ArcelorMittal Kriviy Rih submitted 220 PCs to 13 schools and the Center for Children’s Social and Physiological Rehabilitation of Saksaganskyi district. The certificates for computer hardware were presented to the school directors in the administration of Saksaganskyi district. To improve facilities of the schools of Kriviy Rih, to make training of…

Ukraine: VostGOK profit down in H1 2018

In January-June the state enterprise Vostochniy Mining and Processing Works received 13.36 million UAH of net profit, down 16.9-fold YoY. According to the company statement, its net income dropped by 23.2%, to 1.2 billion UAH. Gross profit decreased 2.5-fold, to 170.35 million UAH. Last year VostGOK received 388.94 million UAH of net profit, down by…

Russia: primary aluminum processing to increase

The Ministry of Industry and Trade believes that the world market has started suffering from the aluminum shortage. “The world shortage of aluminum amounts to 1.5 to 2 million tons per year, and we expect aluminum consumption, processing and production to increase”, the ministry head Denis Manturov said. Last year Russia implemented a program to…

Russia: ore transportation up in 2018

Iron ore transportation in July reached the record-high level in the past 15 years at 10.1 million tons, up by 9.8% YoY.

Since the start of the year railroads have transported 67.1 million tons of ore, up by 5.1% YoY.

Local transportation increased by 11%, while exports remained flat. (Ukrainian metal)

Ukraine: Ferrexpo to increase loan of 2017

Ferrexpo Plc. can increase the size of the pre-export financing of 2017 from $195 million to $500 million, postponing the payment from 3 to 4 years. According to the draft decision of the extraordinary shareholders meeting of Poltava Mining and Processing Works scheduled for September 17, amendments will be made to the loan agreement of…

Russia: corrosion-resistant pipes imports from Kazakhstan up in H1 2018

In January-June Russia imported 15.2 thousand tons of seamless corrosion-resistant steel pipes from Kazakhstan, up 50-fold YoY.

Moreover the result of the whole 2017 has been exceeded 4.5-fold.

Kazakhstan accounts for some 60% of all Russian imports of these products.

Pipes for oil and gas pipelines represent the major part of imports. (Ukrainian metal)

Ukraine: Belozerskoye Mine Group commissions new long face

The Belozerskoye Mine Group (Donetsk region) has put into operation the 5th northern long face at the Novodonetskaya mine.

The coal reserves total 2 million tons.

The face will provide miners with enough work for the next 18 months.

The length of the face is 300 meters. (Ukrainian metal)

Russia: Sortstal going bankrupt

The Arbitrary court of Sverdlovsk region will consider the claim of Sortstal on being declared bankrupt.

The court received the relevant document on August 24.

According to it, the volume of claims is 49.87 million rubles.

Sortstal was registered in 2004. Its main activities were wholesale of fuel, ore and chemical materials. (Ukrainian metal)

Russia: pig iron exports up in H1 2018

In January-June Russia exported 3.3 million tons of pig iron, up by 34.6% YoY, valued at $1106 million, up by 48.6%. According to the customs statistics, US imported the most pig iron (51.4%, up by 6.1%). Hong Kong started importing Russian pig iron in late 2017 and in 6 months purchased 478 thousand tons. Italy…

Russia: BrAZ profit down in H1 2018

In January-June Rusal Bratsk Aluminum Works decreased net profit 1.4-fold YoY, to 1.062 billion rubles.

According to the company statement, the revenue dropped by 0.1%, to 47.149 billion rubles.

The company does not comment on the reason of the decrease. (Ukrainian metal)

Russia: Amurstal sales up in July 2018

In July Amurstal (ex-Amurmetal) shipped 61 thousand tons of metal, up 6-fold YoY.

In January-July sales increased 9.4-fold YoY, to 288.3 thousand tons.

This year the company has supplied 95.2 thousand tons of metal to domestic customers and exported 193 thousand tons. (Ukrainian metal)

Russia: scrap deliveries to Amurstal up in July 2018

In July railroad deliveries of scrap to Amurstal (ex-Amurmetal) totaled 68.2 thousand tons.

The deliveries grew 30-fold YoY.

In January-July scrap deliveries to the company increased almost 6-fold YoY, to 292 thousand tons. (Ukrainian metal)