Ukraine: government to diversify coal supplies and create coal reserve

Ukraine’s National Security and Defense Council (NSDC) has instructed the country’s government to urgently take exhaustive measures to neutralize the threats to Ukraine’s energy security. The relevant NSDC decision, dated February 16, was enacted by the presidential decree No. 37/2017 published on the Ukrainian president’s official site. “The Ukrainian Cabinet of Ministers is forthwith to…

Russia: Rusal aluminum sales up in 2016

In 2016 Rusal produced 3.685 million tons of aluminum, up by 1.1% YoY, and sold 3.818 million tons, up by 4.9%. Aluminum produced at Boguchansk Aluminum Works saw the highest increase in sales. Bauxite extraction went up by 0.6% YoY, to 12.187 million tons, nepheline ores – by 7.8%, to 4.432 million tons, alumina –…

Russia: aluminum exports almost flat on 2016

In 2016 Russia exported 3.481 million tons of raw aluminum, up by 0.6% YoY. According to the Federal Customs Service, exports to far foreign countries increased by 0.2% YoY, to 3.414 million tons, to CIS-countries – by 38.2%, to 67 thousand tons. Aluminum exports revenue totaled $4.988 billion, down by 17.9% YoY, including $4.875 billion…

Ukraine: coal exports stopped

Ukraine has blocked the exports of anthracite coal for the period of the emergency state in the energy system. According to the Prime Minister of Ukraine Vladimir Groysman, the decision has been taken following the blockade of railroad transportation to and from the temporarily occupied regions, where the anthracite coal is mined. The emergency state…

Ukraine: EMSS gets new contract

Energomashspetstsal will supply 85 tons of billets to Presezzi Extrusion (Italy).

According to the contract, the delivery is scheduled for June. The billets will be used to produce specialized machinery.

EMSS has been supplying large-scale parts to Presezzi Extrusion for over 12 years. (Ukrainian metal)

Russia: Kola modernizes warehouses

The Monchegorsk site of the Kola Iron and Steel Works, a part of Norilsk Nickel, has finished the modernization of the bulk machinery warehouse. The warehouse with the size of 2.5 thousand square meters saw the replacement of walls and roof, new lighting system assembly, as well as the disassembly of old racks, which were…

Russia: TMK increasing pipe prices

The Pipe Metallurgical Company has announced the increase of all of its Russian division pipe product prices by 5% from March 1. The increase will affect all categories of consumers. The main reason for the price increase is the growth of raw materials cost and other industrial expenses in H2 2016, which affected the prime…

Russia: MMK to raise July-December 2016 dividends

Russia’s Magnitogorsk Iron and Steel Works may allocate 60% of its free cash flow on dividends for July-December 2016, the company said in a statement. “On the back of strong profitability and lower debt load, the company’s management decided to recommend that the board of directors pay dividends representing 60% of free cash flow for…