Russia: MMK-Metiz expands powder wire range

MMK-Metiz has expanded its range of products with the new powder surfacing wire of PP-Np-200x12m and PP-Np-200x12VF grades with 3.6 mm diameter.

The expansion of the product range will allow MMK-Metiz to increase its output and gain new markets. (Ukrainian metal)

Ukraine: Makeevugol to employ 1700 people

The Donetsk People’s Republic (Russia-supported terrorist organization) mines want to employ some 3700 people, with Makeevugol needing 1700 workers. The mines need 950 breakage face workers, 450 shafters and 450 mine explosion engineers, some 500 repairmen, etc. Makeevugol needs the most employees. Still most miners in DPR have large salary debts and try to go…

Kazakhstan: AMZ starts operating

On November 7, the Almaty Metal Wares Works (Tokyo Rope Almaty) started operating.

The company will specialize in metal systems for infrastructure objects, steel fasteners for mining industry, ragbolts and joins for construction, metal wares and steel ropes.

Tokyo Rope has invested 25 billion tenge in the works. (Ukrainian metal)

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

Month

Ukrainian market, $/t, without VAT, EXW, $1/UAH25.897*

min

max

August

346

346

September

340

340

* – 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)

Russia: Severstal-Metiz saves 70 million rubles

In January-September Severstal-Metiz was able to save over 70 million rubles due to the successful realization of expenses decrease measures. According to the company statement, the most effective were the wire production technique changes, coating materials usage decrease and the replacement of packaging. “We pay much attention to changes that directly affect prime cost decrease…

Ukraine: Poroshenko cancels scrap import duties

The president of Ukraine Petro Poroshenko has signed the decree on 5% scrap import duty cancellation that introduces amendments to the customs tariffs. The decree is supposed to decrease ferrous scrap shortage on the local market and provide for infrastructure objects restoration. This is the second part of the metal market supporting package – the…

Metals of Ukraine & Russia: foundry pig iron, September 2016

Month

Ukrainian market, $/t, without VAT, EXW, $1/UAH25.897*

min

max

August

247

247

September

275

275

* – 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)

Russia: Highland Gold Mining output down in Q3 2016

In Q3 Highland Gold Mining Ltd produced 63.09 thousand ounces of gold equivalent, down by 11% YoY. Output decrease is explained by the drop in Belaya Gora production. Mnogovershinnoye and Novoshirokinskoye mines output remained mostly flat. In January-September gold output totaled 191.75 thousand ounces, up by 0.2% YoY. This year the company intends to mine…

Ukraine: Cabinet decreases ATO coal deliveries

At present Ukraine gets some coal from mines on the occupied Donbass territories that pay taxes to the state. According to the energy and coal industry minister Igor Nasalik, Ukraine consumes 24 million tons of anthracite coals, with some 2.9 million tons produced at unoccupied territories. All the rest is supplied from mines in the…

Russia: Fosun Group to buy 25% in Polyus

Polyus Gold International Ltd (PGIL) of tycoon Said Kerimov is in talks to sell 25% plus one share in the Russian largest gold producer to China’s Fosun Group for $2 billion. A source reported that the negotiations were at an advanced stage, and the deal might take place in late 2016 or in early 2017.…

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

Month

Ukrainian market, $/t, without VAT, EXW, $1/UAH25.897*

min

max

August

256

390

September

250

413

* – 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)

Ukraine: SAR coal arrives

The Yuzny trade seaport has received the vessel with 79 thousand tons of anthracite from the South African Republic.

The delivery was timely. All the coal is intended for Pridneprovskaya thermal power plant.

Unloading will take 3 days. (Ukrainian metal)

Ukraine: Lviv Coal Company to strike

On November 9, the employees of the Lviv Coal Company intend to stop supplying coal because of the salary debts. According to the Independent Miners Union chairman Mikhail Volynets, the employees of the coal processing company haven’t been paid salary for 3.5 months. The factory processes coal mined by Lvivugol and Volynugol. On November 10,…

Metals of Ukraine & Russia: scrap (grade 3a), September 2016

Month

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

min

max

August

63

174

September

63

188

* – 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)