Ukraine: coal output down in January-August 2017

In January-August coal companies output decreased by 2.444 million tons, or by 9.4% YoY. “In particular, power-generating coal production dropped by 1.338 million tons, or by 6.5% YoY, and coking coal – by 1.105 million tons, or by 19.7%”, the Ministry of energy and coal industry reported. State mines decreased output by 20.8%. “The ministry-controlled…

Ukraine: Interpipe to supply gas to its enterprises

Interpipe Nizhnedneprovsk Pipe-Rolling Plant has obtained a license to supply gas.

The corresponding decision has been taken by the National commission on energy and housing services regulation.

As of September 1, 318 licenses to supply gas have been given by the commission. (Ukrainian metal)

Russia: NLMK shareholders approve dividends for Q2 2017

At the Extraordinary General Shareholder Meeting (EGM) held on September 29, NLMK shareholders approved payment of Q2 dividends of RUB 3.20 per share.

The date upon which the shareholders entitled to Q2 dividends will be determined was set as October 12.

H1 dividends will amount to RUB 5.55 per share. (NLMK/Ukrainian metal)

Ukraine: Lisichanskugol orders coal processing

Lisichanskugol (Lugansk region) has ordered the Komsomolskaya Central Processing Factory the processing of 82.1 thousand tons of coal for 7.74 million UAH.

The services were ordered following 2 auctions.

At one auction Komsomolskaya offered to process coal at 94.52 UAH per ton, at another – at 94 UAH. (Ukrainian metal)

Ukraine: Kolomoysky metal assets arrested

The Pechersk district court of Kiev has arrested the assets of the largest ferroalloy producer Nikopol Ferroalloy Plant, Marganets Mining and Processing Works and Ordzhonikidze Mining and Processing Works under the Privatbank embezzlement case. The General Prosecutor’s Office is investigating the embezzlement of 19 billion UAH provided to Privatbank in 2008-2016 by the National Bank…

Russia: Sibcable starts producing mine cable according to new requirements

Sibcable has started producing the HoldMine mine cable, which corresponds to the new requirements of Rostechnadzor.

The new requirements dictate using mine cables with improved characteristics.

The first batches of new cable have already been supplied to Kuzbass coal companies. (Ukrainian metal)

Russia: KUZOTsM deliveries to machine-builders up

Kamensk-Uralsk Non-Ferrous Metals Processing Works has increased sales to Russian machine-building companies.

In January-August sales grew by 1.5 thousand tons, or by 71% YoY.

Rolled brass and copper account for 90% of sales, rolled bronze share is 8%.

Machine-builders demand rods (53%), sections and plates (21%) and rectangular wire (11%). (Ukrainian metal)

Russia: MMK to buy LMZ

MMK is preparing to purchase Lysva Iron and Steel Works. According to a source, the parties have signed preliminary documents and MMK has applied to the Federal Antimonopoly Service. The Service confirmed the receipt of the documents on August 17, but prolonged their reviewing to study the competition environment. MMK says it is regularly monitoring…

Kazakhstan ready for consultations with Ukraine in WTO over duties on steel pipes

Astana is ready to hold consultations with Kiev regarding antidumping duties on certain types of steel pipes imported from Ukraine in the Eurasian Economic Union (EAEU). “Kazakhstan is ready to hold consultations with its Ukrainian colleagues. The possible timeframes of the consultations are being discussed,” a source at the National Economy Ministry of Kazakhstan reported.…

Russia: Rosterminalugol exports 140 million tons of coal

Since its commissioning in 2003 Rosterminalugol has exported 140 million tons of coal.

The 130-millionth ton was exported on May 15, on the port’s birthday.

The anniversary 140-millionth ton was loaded onto Rixta Oldendorf bulker (Post-Panamax), which took onboard over 111.3 thousand tons of coal. (Ukrainian metal)

Russia: Korolevsky Pipe Works to shut down

Because of the limitation of steel coils supplies from metal works, Korolevsky Pipe Works intends to shut down its manufacture from October 15.

In October the company will produce 15 thousand tons of pipes. The decrease will affect all pipes sizes, produced at the works. (Ukrainian metal)

Russia: Moody’s improves Rusal outlook

Moody’s has improved from Stable to Positive the outlook for Rusal. The company corporate rating remained on Ba3 level. “Our decision to change the Rusal outlook is connected with the decrease of borrowed money early in the year on the background of the profit increase as the prices for aluminum improved”, the agency said. In…

Kazakhstan: SMS group to deliver ladle furnace to AMT

SMS group will supply a 290-ton ladle furnace to ArcelorMittal Temirtau.

The company will also supervise the assembly and commissioning of the new complex.

The cost of the machinery is not disclosed.

The new furnace will be put into operation in Q2 2018. (Ukrainian metal)