Ukraine: UGOK concentrate output up in 2017

In 2017 Yuzhniy Mining and Processing Works produced 12.27 million tons of concentrate, up by 8.8% YoY. According to the company statement, sinter output dropped by 10.8%, to 1.858 million tons. In December 2017 UGOK produced 908.2 thousand tons of concentrate and 133.5 thousand tons of sinter, all down by 12% and 25.3% YoY respectively.…

Ukraine: HBI imports from Russia almost stopped

In 2017 Ukraine decreased hot-briquetted iron imports by 94.7% YoY, to 2.376 million tons. According to the State Fiscal Service, imports in monetary terms decreased by 91.6%, to $649 thousand. All the HBI was imported from Russia. Ukraine neither exports nor re-exports HBI. The largest HBI producer in CIS is Lebedinsky Mining and Processing Works…

Ukraine: EMSS to produce 25 rolls for Zaporizhstal

In 2018 Energomashspetsstal will produce and supply 25 rolls for cold- and hot-rolling mills to Zaporizhstal.

According to the company statement, the total weight of the rolls will be 461 tons.

The corresponding contract was concluded in November 2017.

Delivery will be carried out by installments, according to the terms. (Ukrainian metal)

Russia: Kemerovo region to get new coal pit

This year Novokuznetsk district will open a new coal pit in addition to 24 coalmining enterprises already operating. The pit will be commissioned by Energia-NK and it will be situated on the Bingiro-Listvaynsky site, not far from the Mikhailovka village. Its project capacity is 1 million tons of coal per year. The pit will operate…

Kyrgyzstan: placer gold deposit Baymak put out for bids

The State Committee of Industry, Energy and Subsoil Use put a deposit of placer gold Baymak on auction, official website of the committee reported. The deposit is located in Ala-Buka district of Jalal-Abad region. The deposit was discovered in 1956 following the ancient mining of placer gold. Kyzyl-Tokoy, Orto-Tokoy, Baymak, Ala-Buka, which now constitute Nizhnekassanskoye…

Uzbekistan: China to modernize coal enterprise

China Railway Tunnel Group has started work on the investment project to modernize the Shargunkumir Company. The investment project presupposes the increase of the company capacity to 900 thousand tons of coal per year. The Chinese company will clear 10 old mines and create a 2227-meters long tunnel. The total cost of the project is…

Kazakhstan: metal prices up in 2017

In 2017 prices of industrial products in Kazakhstan increased by 17.6% YoY. According to the Ministry of the national economy, prices in mining industry increased by 27.2% and in processing by 8.3%. In particular, metal ore prices grew by 15.8%, coal – by 10.3%, zinc – by 23.7%, copper – by 19.7%, aluminum – by…

Ukraine: $2.7 billion worth of coal imported in 2017

In 2017 Ukraine imported 19.8 million tons of coal valued at $2.7 billion. According to the State Fiscal Service, Russia supplied $1.552 billion worth of coal (56.57%), USA – $682.01 million (24.85%), Canada – $182.2 million (6.64%) and other countries – $327.65 million (11.94%). Exports mostly went to Russia – $57.475 million (54.48%), Slovakia –…

Russia: rolled metal demand down

In 2017 rolled steel sheet was the most sought after type of rolled metal.

At present Russian market is witnessing a slight seasonal decrease in demand, which allows buying materials cheaper. Customers also leave their orders online more often, which simplifies the purchasing process.

Steel sheet is used in machine-building, construction, agriculture, etc. (Ukrainian metal)

Latvia: KVV Liepājas metalurgs’ potential investor given two weeks to consider purchase

The potential investor of the insolvent KVV Liepājas metalurgs is given two weeks to consider purchasing the company, says Latvian Economy Minister Arvils Ašeradens. He admits that talks with the potential investor are not over; the investor wants to secure the most beneficial conditions in business negotiations. Latvian government is also highly interested in getting…

Ukraine: S&P changes Ferrexpo rating to Positive

Standard&Poor’s has changed the rating forecast for Ferrexpo plc, owner of Poltava and Yeristovo GOKs, from Stable to Positive. On December 29, 2017 S&P improved the group rating following the “high productivity” shown lately. The agency has also confirmed Ferrexpo’s long-term rating at B-. The rating improvement is the result of the stable iron ore…

Ukraine: metal makers retain annual output volumes

In December 2017 Ukraine produced 1.87 million tons of pig iron, 1.88 million tons of steel and 1.7 million tons of rolled metal, all up by 3%, 0.4% and 7% MoM respectively. “Output increase in December 2017 was mostly thanks to Mariupol Iron and Steel Works and Zaporizhstal”, Ukrmetallurgprom reported. In January-December 2017 Ukraine produced…