Russia: Uranium One to stop selling uranium

Rosatom has decided to unite on the basis of its trading house the Tekhsnabexport company (Tenex, which exports processed uranium to NPPs) and its foreign trading in natural uranium, previously conducted by Uranium One. The decision was taken in late 2017. At the same time last summer U1 intended to actively develop its own trading,…

Russia: KMZ to supply pig iron to Minsk Tractor Works

KMZ has won a tender to supply pig iron to Minsk Tractor Works (Belarus), one of the world’s leading manufacturers of tractors.

In Q1 the company will ship 9 thousand tons of pig iron castings to the Belarus works.

The companies have been cooperating for a number of years. (Ukrainian metal)

Ukraine: DTEK coal deliveries to TPPs up in December 2017

In December 2017 DTEK Energo increased coal deliveries to its thermal power plants by 4.5% MoM, to 1.9 million tons.

According to the company statement, last month DTEK supplied 1.5 million tons of gas coal, on the level of November 2017.

Anthracite imports increased by 21.8%, to 395 thousand tons. (Ukrainian metal)

Russia: Severstal launches major new production line at Cherepovets Steel Mill

PAO Severstal, one of the world’s leading vertically integrated steelmaking and mining companies, has launched a production line for polymer-coated rolled steel products at Cherepovets Steel Mill Metal Coating Workshop number 3 (MCW No. 3). The launch ceremony was attended by Alexey Mordashov, Chairman of Severstal’s board of directors, Alexander Shevelev, CEO of Severstal, Oleg…

Ukraine: Metinvest pays interest on eurobonds

Metinvest has paid $6.509 million of interest on eurobonds with maturity in 2021.

According to the company statement, $3.69 million were spent on paying loans on pre-export financing.

After the payment the total debt of the group on eurobonds is $1.187 billion. (Ukrainian metal)

Russia: KMZ ferromanganese output and sales up in 2017

In 2017 Kosaya Gora Iron and Steel Works sold 63.6 thousand tons of ferromanganese, up almost by 8 thousand tons YoY.

At the same time ferromanganese output increased by 7.8 thousand tons YoY. (Ukrainian metal)

Ukraine: Pervomayskugol gets loan to open new long face

The Cabinet of Ministers has provided the state enterprise Pervomayskugol with the state guarantees for the loan of 2276.2 million UAH.

The funds will be used to commission the new long face at the Gorskaya mine.

The decision on the loan was taken in 2017 by the Ministry of energy and coal industry. (Ukrainian metal)

Russia: ZEMZ starts producing new heat-resistant steel grades in 2017

Zlatoust Electrometallurgical Works goes on with its projects to expand the grade and section portfolio. In particular, in 2017 it started manufacturing new grades of heat-resistant steel (ep99id, ep648vi, ep718 and ei943). These grades are widely used in the manufacture of structure elements and parts operating under high temperature. Last year ZEMZ also started manufacturing…