In 2016 Metinvest enterprises produced 29.64 million tons of iron ore concentrate, down by 8% YoY. Pellets output decreased by 8% YoY, to 6147 thousand tons, because of the increase of local consumption. (Ukrainian metal)
Th European Commission decided not to prolong the antidumping duty on the import of steel ropes originating from Ukraine and Moldova that has been in effect since 1999. In January 2016 EU decreased the duty for Stalkanat-Silur ropes from 51.8% to 10.5%. (Ukrainian metal)
Metinvest B.V., the parent company of a vertically integrated group of steel and mining companies (jointly referred to as “Metinvest”), announces its operational results for the fourth quarter and the 12 months of 2016. In Q4 2016 Metinvest’s overall hot metal output decreased by 5% QoQ, 2,211 thousand tons, as production dropped at Azovstal, Ilyich…
In 2017 Tigers Realm Coal (Australia) intends to mine up to 400 thousand tons of coking coal at the Fandyushkinskoye pole deposits in Chukotka and export at least half of it through the port, which is under reconstruction at present. “Of course, this is the minimal, the initial plan, we will require some time to…
Karelsky Okatysh, a part of Severstal, is the largest producer of pellets in Russia, as it yields one third of all Russian pellets. In 2016 Uralmashzavod delivered 2 crushers to the works. The machinery has been put into operation and processes 571 tons of ore per hour on average each. Now the works has ordered…
For the past 4 years the share of Metinvest in the manufacture of iron ore concentrate hasn’t dropped below 64% in the total Ukrainian volume. In 2013 the share of 4 Metinvest mining and processing works (SevGOK, InGOK, CGOK and UGOK) in the national production of iron ore concentrate was 66%, in 2014 – 66%,…
In 2016 thermal power plants and steam power plants increased coal consumption by 9.4% YoY, or by 2.7 million tons, to 31.338 million tons. According to the Ministry of energy and coal industry, in December 2016 coal consumption increased by 22.3% YoY, or by 575.1 thousand tons, to 3.151 million tons. In 2015 TPPs and…
S&P Global Ratings raised its long-term corporate credit rating on Ukrainian iron ore producer Ferrexpo Plc to ‘B-‘ from ‘CCC’ and its short-term rating to ‘B’ from ‘C’, following the recent rally in the prices of iron ore in the world. “The recent rally in the price of iron ore, supported by a tight supply…