In January-February Kazakhstan decreased copper cathodes and raw zinc output by 3.3% and by 1% YoY respectively. According to the Statistics committee of the Economy Ministry, raw steel output went up by 8.6% YoY. Kaz Minerals and KazZinc produce most of the metal. (Ukrainian metal)
In February Dneprospetsstal produced 19933 tons of steel and 13235 tons of rolled metal, down by 1.8% and by 6.6% MoM respectively. The total cost of the products manufactured is 603172 thousand UAH, down by 2.7% MoM. In January-February DSS produced 40233 tons of steel and 27408 tons of rolled metal, up by 28.5% and…
Kyrgyzstan is deciding on construction of the copper-smelting works, according to the State committee on industry, energy and soil. To process concentrate the construction of the copper works and the implementation of the new technologies are needed, which are currently absent in Kyrgyzstan. (Ukrainian metal)
OMZ-Spetsstal has produced the largest forging ingot in the company history – weighing 443 tons. The ingot will be used to produce a heavy supporting roll for the 5000 mill of the Cherepovets Iron and Steel Works. The size of the future product: diameter – 2.36 meters, length – 12 meters. The total weight of…
The increase of railroad tariffs this year by 25%, planned by Ukrzaliznytsia, is inadmissible, the Pobuzhye Ferronickel Plant CEO Oleg Bespalov believes. “They come and say that they need to increase tariffs to buy wagons, as they have no money”, he said. According to Bespalov, this has been heard before, but the situation with the…
In 2016 Ferrexpo received $189.2 million of net profits, up 6-fold YoY, with revenue up by 2.6%, to $986.33 million. According to the company statement, its EBITDA increased by 20%, to $375 million. At the same time its net debt decreased by 32% YoY, to $589 million. Capital investments last year dropped by 25%, to…
Ukrainian companies in January imported coking coal for CAD 48.2 million ($36.2 million under the current exchange rate) from Canada, while in January 2016 no coking coal was imported, Canadian Ambassador to Ukraine Roman Waschuk reported. He said that British Columbia had large stocks of coking coal and production facilities. Supplies from the province could…
The privatization of the Chervonogradskaya central processing factory has been named illegal, and the Lviv regional commercial court of appeals returned its assets to the state ownership. After the privatization in 2008 and the creation of the Lviv Coal Company the state controlled 37.58% of shares in the new company, with 62% controlled by the…
