Metinvest has transferred its shares in Zaporizhstal from two resident companies, Zaporizhstal-RS LLC and Gals-Invest LLC (both based in Zaporizhia) to Cypriot companies Brandfeld Finance Ltd. and Lasartico Holdings Ltd. According to a report by Zaporizhstal in the information disclosure system of the National Commission on Securities and the Stock Market, with reference to the…
In January-March Ferrexpo, which controls Poltava and Yeristovo Mining and Processing Works, decreased pellets output by 9.11% YoY, or by 263 thousand tons, to 2.624 million tons. In Q1 the group produced 151.6 thousand tons of 62% Fe content ore and 2472.4 thousand tons of 65% Fe content ore. Pellets output from own raw materials…
Izhorsky Pipe Works, a part of Severstal Russian Steel, has started shipping large diameter pipes with special characteristics, used in construction of pipelines crossing zones of active faults. The first batch of pipes has been shipped to Gazprom to be used in the construction of the Sila Sibiri (Power of Siberia) pipeline. The batch included…
EvrazHolding marketing and aftersales department director Valentin Krizsky believes that rebars consumption in 2017 will grow by 8% YoY, to 6827 thousand tons. As of April rebars consumption is on the level of 536 thousand tons per month, up from 446 thousand tons in February and 511 thousand tons in March. Consumption of structural shapes…
Severstal forecasts that in 2017 the bar market will grow by 3-5%. At the same time at present the market is characterized by the decrease in consumption (by 25% from 2013 to 2016), as well as excessive capacities. In 2016 bar consumption was on the level of 7.912 million tons, with capacities loading at 62%.…
In 2016 Asha Iron and Steel Works received 98.51 million rubles of net profits. According to the company statement, for the last 5 years it has been getting losses. Income in 2016 increased by 9%, to 18.92 billion rubles. Sales profit reached 1.43 billion rubles as opposed to 641 million rubles in 2015. The company…
The budget of Kyrgyzstan will get 2 billion soms from Shambesai project in form of tax deductions, the State Committee for Industry, Energy and Subsoil Use reported. It is noted that the day before Batken region hosted a round table to discuss Shambesai gold project. Issues of safety of gold mining technology, production impact on…
The effort to address the legacy of Soviet era uranium mining in Central Asia is making substantial progress, according to the EBRD News Center. Following the establishment of the multilateral Environmental Remediation Account for Central Asia (ERA) framework agreements have now been signed with Kyrgyzstan, Tajikistan and Uzbekistan, where the fund will operate. The operations…
