Metalloinvest and KamAZ have negotiated the conditions of the three-year agreement on prices for high-quality rolled metal (SBQ) produced by Oskol Electrometallurgical Works (OEMK), which will come into effect on January 1, 2018. The discussion was held during the visit of the first deputy CEO, commercial director of Metalloinvest Nazim Efendiyev to KamAZ, where he…
Throughput of Rosterminalugol JSC, the largest dedicated coal port in the Baltic region, a part of Russia’s largest coal port holding Port Management Company LLC, is to grow by 16%, to 21 million tons in 2017, Yevgeny Korban, Managing Director of the terminal, declared. According to him, investments will total some RUB 300 million in…
ArcelorMittal Kriviy Rih has sent an open letter to the president of Ukraine Petr Proshenko, the Prime Minister Vladimir Groysman, the general prosecutor Yuri Lutsenko and the Krivoy Rog city mayor Yuri Vilkul. The company CEO Paramjit Kahlon voiced against the discriminative attitude to AMKR, connected with the increase of the land tax. The company…
To resume operation at Dneprovsky Iron and Steel Combine, a part of the Industrial Union of Donbass, a financing of 4 billion UAH is needed, as well as new raw materials sources. “The enterprise is in the poor condition now. The accounts are arrested, there are over 40 claims as to debts, and the machinery…
On July 3 Ukrzaliznytsia announced a tender to buy tyres valued at 73.69 million UAH. Interpipe Ukraine LLC won all the five lots. The difference with the expected price was 0.8%. It should be noted that Interpipe prices were not the lowest. (Ukrainian metal)
In January-June Ukrainian power companies imported $1.257 billion worth of coal, up 1.8-fold YoY. According to the State Fiscal Service, Russia supplied 50.2% of the coal, USA – 27% and Canada – 8.7%. Russian share increased to $631.1 million from $446.3 million in January-June 2016. US increased sales from $95.9 million ton $340.5 million. Canada…
By 2019 the city of Cherepovets will have constructed the new works to produce metal structures and process metal. The works will be constructed on the Cherepovets Industrial park site. Private investments are planned in the volume of 700 million rubles across three stages. The works will create 170 jobs. The works with two shops,…
Three people were killed as a methane blast rocked the Zapolyarny copper and nickel mine of Norilsk Nickel, the company said in a statement on July 7 citing preliminary data. “According to preliminary data, vapors of methane exploded during construction works. Preliminary data show that three workers died at the site of the blast and…