OMK intends to create a modern complex to produce oil-and-gas and OCTG pipes. Investments will exceed 40 billion rubles. The new pipe mills will start operating in 2018-2019, while the whole project will be finished by 2022. “Modernization will cover 100% of our OCTG pipe capacities. In April we signed an agreement with Mitsubishi Corporation…
Rusal Holding has attracted the loan for pre-export financing for $1.7 billion. According to the company statement the conditions are 3 months LIBOR +3% interest, 5 years. The goal of the loan is to refinance the current debt. In Q1 Rusal net profits increased by 48% YoY, to $187 million. (Ukrainian metal)
Ukraine has to officially inform WTO of the intention to prolong the 30-euro per ton duty on ferrous scrap for 2 years and hold corresponding consultations. “The government has to work for industry, while trade diplomacy – for Ukrainian manufacture interests and economy. Such notification is highly important, so that our foreign partners understand us”,…
NLMK Group, an international steelmaking company with operations in Russia, the USA and European Union, has taken steps to improve customer service by introducing guarantees of the decorative and protective properties of polymer coatings, which range from 10 to 35 years. The guarantee of the longevity of the polymer coating covers products manufactured at NLMK…
Metinvest Group, ArcelorMittal Kriviy Rih and Interpipe intend to take part in the Ukrzaliznytsia tender to sell 84.5 thousand tons of ferrous scrap with the initial price of 417.9 million UAH. In particular, Metinvest reported that its Metinvest-resource, the exclusive supplier of scrap to its companies, would participate in the auction. AMKR confirmed its intention…
ArcelorMittal Kriviy Rih had to buy a batch of blast furnace coke from Columbia because of the material shortage in Ukraine. “In late April – early May AMKR received some 28 thousand tons of Columbian coke”, a source said. The works also received 15 thousand tons of Chinese coke. But the main coke supplier for…
The South Osetia company Vneshtorgservice, connected by the media with Sergey Kurchenko, has since April supplied some 140 thousand tons of iron ore valued at $18 million to the metal companies on the occupied territories of Donetsk and Lugansk regions. According to the Russian Federal Customs Service, the company has started taking metal products to…
Poltava Mining and Processing Works, a part of Ferrexpo, has invested 20 million UAH in the creation of a repair service of its own railroad wagons. The repair will be carried out by the daughter company Ferrotrans. “Last October we received a license to conduct repairs of our own wagons. We’ve been moving towards this…
