Ukraine: ferrous exports revenue down in January-November 2016

According to the State Fiscal Service in January-November Ukrainian metal companies revenue from ferrous metals exports dropped by 11.8% YoY, to $6625.749 million.

In November revenues from ferrous exports reached $632.86 million.

Imports in January-November totaled $732.992 million, up by 13.9% YoY, with $58.416 million in November. (Ukrainian metal)

Ukraine: DTEK losses to drop in 2016

In 2016 DTEK financial results will be negative. “We will have losses, but not that much as in the two previous years”, the company CEO Maxim Timchenko said. The losses decrease has to do with the re-evaluation of the company credit portfolio, decrease in exchange risks and world coal price rise. “This year the situation…

Russia: Uskovskaya mines 2 million tons of coal

Miners of the Uskovskaya mine were the first among Raspadskaya Coal Company divisions to reach the annual target of coal output, by yielding 2 million tons.

Uskovskaya coal is supplied to Evraz companies, as well as other metal and by-product coke enterprises of Russia, Asia and Ukraine. (Ukrainian metal)

Tajikistan: TALCO accused by mistake

The Ministry of Finances has admitted that while preparing the Tajik Aluminum Works 2010-2015 and H1 2016 operational results review it has made some mistakes. “In particular, export-import operations were stated in the company profits that have nothing to do with the company financial activity and, thus, cannot represent its financial state”, the ministry said.…

Ukraine: criminal proceedings initiated against Evraz Sukhaya Balka

Prosecutors of Dnepropetrovsk region have initiated criminal proceedings against Evraz Sukhaya Balka for illegal mining of iron ore at the Yubileynaya mine. According to the prosecutors, the company has been illegally mining ore without corresponding documents since September. Sources say, Evraz Sukhaya Balka was officially idle in September and October because of the absence of…

Russia: NLMK to increase output

Novolipetsk Iron and Steel Works could increase its capacities by 1-2 million tons per year.

At present the Lipetsk site is capable of producing 16 million tons of steel each year. The program will be carried out in 2-3 years.

The basic development plan doesn’t presuppose large investments, according to the company. (Ukrainian metal)