In 2016 Ukrvtorchermet decreased its losses 2.5-fold, or by 1.1 billion UAH, to 707.66 million UAH. According to the company statement, as of the end of 2016, the cost of its assets reached 847.71 million UAH. Accounts receivable totaled 345.14 million UAH, current liabilities – 1.35 billion UAH, fixed liabilities – 3.58 billion UAH. In…
In January Voestalpine supplied 24 thousand tons of plate to Vyksa Iron and Steel Works, a part of OMK. According to the customs statistics, this is 90% of the total 2016 plate imports from Austria. In April 2016 OMK and Nord Stream-2 AG signed an agreement on the supply of large diameter pipes for the…
The authorities of the so-called Donetsk People’s Republic, a terrorist organization, supported by Russia, on the occupied territory of Ukraine, have started negotiations with the major mining companies of Russia on the delivery of raw materials. The non-existing Ministry of industry of the DPR informs that it is negotiating with the following: Lebedinsky and Mikhailovsky…
Severstal has started assembling the main technological machinery for the ladle-furnace No. 2 at the steel smelting shop of Cherepovets Iron and Steel Works. At present the assembly of a 520-ton crane is coming to an end. “The project costs exceed 3 billion rubles. The new machinery will increase converter steel output to 10 million…
Severstal has signed year-long contracts with the leading car manufacturers from Russia and CIS to supply metal in 2017. According to the company statement, it will supply 70 thousand tons of metal, produced at the Cherepovets Iron and Steel Works, to KamAZ. Severstal also agreed on deliveries to GAZ. The company has been also supplying…
The anthracite coal stocks at the warehouses of thermal power plants decreased by 12.1%, to 513 thousand tons, as of March 27. According to the Ministry of energy and coal industry, the gas-coal stocks increased by 8.9%, to 1.292 million tons. 260 thousand tons of anthracite are stored at the Lugansk TPP. (Ukrainian metal)
Ukrdoninvest LLC, which in September 2016 signed a contract with the state enterprise Centrenergo to supply 240 million UAH worth of coal, has acquired 21.69% of shares of the Ukraina Central Processing Factory from Altera Asset Management. Altera is no longer a shareholder of the factory. 78.31% of the factory stake belong to DRFTs LLC.…
ArcelorMittal Kriviy Rih will recultivate the lands of the old quarry of the non-operating mine named after Valyavko-Severnay. In 2017-2018 the company will create a green public zone in Kriviy Rih. AMKR will spend some 1 million UAH on the project. The mine was closed down in 1996 because of the reserves running dry. (Ukrainian…