The Commercial court of the Volyn region has initiated the bankruptcy procedure of the state enterprise Volynugol. The procedure started on March 2. The insolvency case was opened following the claim of the state enterprise Regional Power Grid, which itself has been in the bankruptcy procedure since December 7, 2015. The debt of Volynugol to…
In February deliveries of scrap to metal companies decreased by 10 thousand tons MoM, to 220 thousand tons, or the 76% of the necessary volume. Scrap stocks at the metal companies in February decreased by 15 thousand tons, to 105 thousand tons as of March 1. In January-February metal companies received 450 thousand tons of…
Directors of DTEK‘s enterprises, such as Komsomolets Donbasu Mine PJSC, Mospyne Coal Refining Company LLC, PEM-Energovuhillia PJSC, Skhidenergo LLC (Zuivska Thermal Power Plant), Donetskoblenergo PJSC, Tekhrempostavka LLC, Sverdlovanthracite LLC, Rovenkyanthracite LLC, Electronaladka LLC, Vysokovoltni Merezhi LLC and DTEK Service LLC, which are situated within the temporarily uncontrolled territories of Donetsk and Luhansk regions, have received…
The Kremlin never recommended Metalloinvest and Severstal to start supplying iron ore to the self-proclaimed Donetsk and Lugansk People’s Republics, the Russian president spokesman Dmitry Peskov declared. At the same time, according to him, Russia does everything possible to “ease the situation” on Donbass. Earlier mass media reported on the readiness of the Russian metal…
At present Techno Tube, a part of Special Steels and Alloys company, operates 8 pipe-welding lines, including 6 TIG lines and 2 LAZER lines. According to the SSA CEO Semen Serikov, modernization allowed the works to produce 480 tons of welded pipes in December 2016. In 2017 the company plans to start producing 500 tons…
In February Ukrainian metal companies decreased gas consumption by 25 million cubic meters MoM, to 175 million cubic meters. Average daily gas consumption totaled 6.3 million cubic meters, down by 0.2 million cubic meters. In January-February metal companies consumed 375 million cubic meters of gas, up by 18% YoY. Average daily consumption totaled 6.4 million…
On March 1-13, the average daily metal output dropped by 7-9% MoM. According to Ukrmetallurgprom, as of March 14, 17 out of 28 blast furnaces (61%), 13 out of 21 converters (62%), 7 out of 9 open-hearth furnaces (78%) and 6 out of 16 arc-furnaces were in operation. Alchevsk, Yenakievo and Donetskstal Iron and Steel…
The Lugansk regional customs paid 265.4 million UAH to the state budget in January-February, up by 79.6 million UAH YoY. The largest product groups generating imports are coking coal (171.7 million UAH, or 64.8% of the total import revenues), anthracite (27.6 million UAH, 10.6%) and iron concentrates (7 million UAH, 2.7%). Alchevsk Iron and Steel…