Russia: Karelsky Okatysh pellets output up in H1 2017
In January-June Karelsky Okatysh produced 5.503 million tons of pellets, up by 0.6% from the target. In Q2 the company sold 2.88 million tons of iron ore pellets, up by 12% QoQ. (Ukrainian metal)
Russia: Gaysky GOK expanding processing factory
The ore-preparing complex of Gaysky Mining and Processing Works processing factory has started constructing the ore-loading unit with the receiving bin. At present the warehouse operates 5 ore-loading units. The construction of the 6th unit is the final step of the processing factory expanding project. The unit is expected to be put into operation in…
Russia: Raspadskaya mines 4 million tons of coal
Since the start of the year the Raspadskaya miners have yielded 4 million tons of coal, becoming one of the first in Kuzbass to reach the result in just less than 7 months. The mine’s average monthly output is 420-700 thousand tons of coal. This year’s goal is 5.5 million tons of coal. (Ukrainian metal)
Russia: metal makers want environment tax on scrap exports
The metal companies of the South of Russia have addressed the federal authorities asking them to impose an environment tax on scrap exports. They believe this idea does not contradict the WTO norms and will have a triple positive effect: it will support local scrap processors, bring additional money to the regions and will help…
Russia: ChMK finishes BF1 repairs
Chelyabinsk Iron and Steel Works has finished the capital repairs of its blast furnace No. 1. According to the company statement, its blast furnace shop includes 3 furnaces with the combined capacity of 3.5 million tons of pig iron per year. In Q1 ChMK received 950.3 million rubles of net profits, up 2.3-fold YoY, having…
Russia: NLMK Q2 and H1 2017 financial results
In Q2 revenue grew by 18% QoQ, to $2.54 billion, driven by a 14% QoQ increase in sales and an improvement in the product mix (a 20% growth of finished product sales), against the backdrop of a fall in steel product prices. Q2 EBITDA eased by 2% (growth by 31% YoY), to $603 million following…
Russia: ChelPipe’s core owner to buy Rusnano’s stake in JV Eterno
The core owner of Russia’s Chelyabinsk Pipe-Rolling Plant (ChelPipe), Mountrise Limited, may buy a 49.89% stake of state-owned nanotechnology company Rusnano in Eterno, a white metallurgy joint venture with the plant, Rusnano said in a statement on July 26. The deal may be closed by the end of September. “Rusnano has completely fulfilled the task…
Azerbaijan: new complex to significantly increase metallurgical output
The country’s third largest city Sumgayit will be the home to a huge metallurgical complex to be jointly built by Azerbaijan and Italy. The agreement signed between Baku Steel Company and Italian company Danieli in December 2016 will allow the country to save millions of dollars it spends on import and create opportunity for opening…