The state enterprise Selidovugol has ordered the Trade-Union Form LLC the delivery of combines valued at 24.6 million UAH. The company will supply 2 KSP-32 combines for the Kotlyarevskaya and Kukharevskaya mines. The cost of each machine is 12.3 million UAH. (Ukrainian metal)
In September Ukraine dropped to the 13th position in the World Steel Association rating of 67 countries. Ukrainian steel output totaled 1.845 million tons, down by 0.8% YoY. China is leading, as always, with 71.827 million tons, up by 5.3%. Italy now occupies Ukraine’s previous month position (11) with 2.174 million tons, up by 8.3%…
In September Russian Railroads transported 7.6 million tons of ferrous metals, up by 15.7% YoY. Positive dynamics is seen in all directions, except for transit. Since the start of the year ferrous metals railroad transportation has increased by 5.6% YoY. (Ukrainian metal)
On October 23 Vysochaishiy (GV Gold) commissioned the Ugakhan Mining and Processing Works according to the schedule. The Ugakhan gold deposits were discovered in 2010. The C1+C2 gold reserves are estimated at 49 tons (1.58 million ounces). The deposits will be developed till 2029. Investments in the project totaled $200 million. Each year the GOK…
Fitch has increased the Rusal long-term default rating from BB- to B+, with stable forecast. The short-term rating has been confirmed on B level. Rusal Bratsk long-term rating has been increased from BB- to B+ stable. (Ukrainian metal)
In 10 years Tulachermet will invest some 80 billion rubles in the creation of the steel manufacture. This will result in 3 thousand additional jobs. The investor is developing the Tulachermet-Steel-2 and Tulachermet-Steel-3 projects. The company intends to enter the list of top manufacturers of rolled metal for automobile, machine-building and construction companies of Central…
Centravis Production Ukraine’s capacities are 100% loaded. According to the company CEO and main shareholder Yuri Atanasov, since 2014 the Centravis has decreased sales on Russian market from 80% to 20%, having increased sales to EU from 10% to 70%. Each year the company intends to increase output by 10-15%. In particular, this year the…
In January-September Evraz Sukhaya Balka produced 1.847 million tons of iron ore, down by 5.1% YoY. In September output was 235 thousand tons. In 2016 the enterprise produced 2.564 million tons of iron ore, down by 8.8% YoY. The company capacity is 3.1 million tons of ore per year. (Ukrainian metal)