Russia: Nornickel to issue green Eurobonds

Russian metals giant Norilsk Nickel may issue green Eurobonds to fund a $1.74 billion sulfur dioxide capture project for Nadezhda Metallurgical Plant, Artyom Pozdnyakov, head of the department for organization of financing, reported. Norilsk Nickel will work out plans for the project’s financing next year. “We will look at what instruments will be there. The…

Russia: steel structures output up in January-September 2016

In January-September Russia produced 2.6 million tons of prefabricated steel construction structures, up by 1.4% YoY.

According to the Federal Service of State Statistics, in September steel structures output went up by 3.7% YoY and by 2.2% MoM. (Ukrainian metal)

Ukraine: Evraz DMZ installs dust control system in BF3

Evraz Dneprovsky Iron and Steel Works has finished tests and put the dust control system at its blast furnace No. 3 into operation.

According to the company statement, the system has already allowed to decrease emissions by 70%.

Investments in the project totaled 2.3 million UAH. (Ukrainian metal)

Russia: Izhstal repairs steel-smelting furnace

Izhstal (a part of Mechel) has finished capital repairs of its electric arc furnace used to smelt complex-alloyed, stainless and high-speed steels. “This furnace makes high-marginal products, so we pay special attention to its state. We have plans to increase its efficiency, and we will implement them in future”, Izhstal executive director Sergey Kozennov said.…

Russia: Bauxite Timana output up in January-September 2016

In January-September Bauxite Timana (a part of Rusal) mined 2.39 million tons of bauxites, up by 4.9% YoY.

In Q3 the company mined 911 thousand tons, up by 13.6% QoQ. (Ukrainian metal)

Russia: Rusal net profits down in January-September 2016

In January-September Rusal received $534 million of net profits, down by 35.3% YoY.

Rusal’s revenues dropped by 12.7% YoY, to $5.95 billion.

EBITDA went down by 37% YoY, to $1.07 billion.

Sales increased by 4.9% YoY, to 2.89 million tons. (Ukrainian metal)

Ukraine: VostGOK to keep output levels

In 2016-2017 Vostochny Mining and Processing Works intends to keep the last year levels of uranium concentrate output – 1 thousand tons. “We don’t have decreases in output, nor, unfortunately, increases. We’re keeping it flat and the expected volumes this year are around 1 thousand tons”, the company CEO Alexander Sorokin said. An increase in…

Ukraine: KhZTO supplies large crane to AMKR

Kharkiv Works of Materials-Handling Equipment has supplied a claw crane to ArcelorMittal Kriviy Rih warehouse. According to the company, the crane lifting capacity is 16 tons. “Such a crane is a very expensive machinery, but it is necessary to ensure timely delivery of metal”, AMKR reconstruction and development department deputy director Sergey Nevroda said. (Ukrainian…

Metals of Ukraine & Russia: bars (structural steel), September 2016

Month

Russian market, $/t, EXW, without VAT, $1/RUR63.16*

min

max

August

507

507

September

507

507

* – Ukrainian Hrivna and Russian Ruble exchange rates are as of 30.09.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)