As of April 10, average daily metal output decreased by 7-9% MoM. As of April 11, 17 out of 28 blast furnaces (61%), 13 out of 21 converters (62%), 8 out of 9 open-hearth furnaces (89%) and 5 out of 16 electric arc furnaces (31%) were in operation. Average daily steel output in March totaled…
On April 6, Dneprovsky Iron and Steel Works started blowing-in of its blast furnace No. 9, but on April 10, had to shut it down once more. The first time DMK had to shut down because of the lack of coke, used to be supplied by the Alchevsk Coke Plant from the uncontrolled territory. On…
In January-March Ukraine decreased both exports and imports of iron ore raw materials. In particular Ukraine exported 9.8 million tons of raw materials, down by 4% YoY, with 4 million tons exported in March. Imports in Q1 dropped by 88% YoY, or by 660 thousand tons, to 90 thousand tons. In March Ukraine imported 12…
PJSC MMC Norilsk Nickel announces the closing of its $1 billion 6-year Eurobond offering with an annual coupon rate of 4.1%. The proceeds from the issue will be used for general corporate purposes and capital investments. The offering has attracted solid investors’ interest both domestically and internationally and the book was well oversubscribed. As a…
In January-March Russian coal exports climbed by 7% YoY, to 43.591 million tons, the Ministry of Energy statistics said. In March Russia exported 15,489,400 tons of coal. Coal production in January-March totaled 99,352,200 tons including 91,272,200 tons supplied. (Portnews/Ukrainian metal)
Almalyk Mining and Processing Works has embarked on the most ambitious investment project of the Program of measures on structural reforms, modernization and diversification of production for 2015-2019 at JSC “Almalyk MMC” – “Development of “Dalnee” deposit”. On March 1, President Shavkat Mirziyoev signed a Resolution “On measures on expansion of production facilities of JSC…
Druzhkovka Metal Wares Works will pay 33.226 million UAH of dividends, or 0.5 UAH per 1 share, from its net profit of 35.888 million UAH in 2016. The company supervisory board announced the dividends would be paid from May 10 till September 28. Last year the works increased its net profits by 3.1% YoY, to…
In 2016 Guryevsk Iron and Steel Works received 97 million rubles of net losses, down 4-fold YoY. In 2015 the company losses amounted to 382 million rubles, with 3.9 billion rubles in 2014. Last year revenue totaled 4.454 billion rubles, down by 15% YoY. Sales losses reached 70 million rubles as opposed to profit of…