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…

Russia: MMK net profits up in 2016

In 2016 MMK increased its net profits 2.5-fold YoY, to $1.111 billion. According to the company statement, its free cashflow totaled $728 million. EBITDA increased by 17.3% YoY, to $1.956 billion. Company revenues dropped by 3.6% YoY, because of the low sale prices. This year MMK forecasts the increase in steel demand in Russia by…

Russia: Andrometa ships 2 thousand tons of metal structures to the Far East

Yuzno-Sakhalinsk is carrying out a major project on the construction of the Aqua-City multi-functional complex, which will become the largest aqua-park in the Far East.

Andrometa supplies metal structures for the construction. So far the company has supplied 2 thousand tons of welded structures. (Ukrainian metal)

Russia: raw zinc output up in 2016

In 2016 Russia increase raw zinc output by 4.7% YoY.

According to the Federal Service of State Statistics, in December 2016 raw zinc production went up by 16.4% YoY and by 19.1% MoM. (Ukrainian metal)