Ukraine: ferrous metals export revenues down in January-July 2016

In January-July Ukraine received $4.02 billion revenues from ferrous metals exports, down by 20.5% YoY. According to the State Fiscal Service, ferrous metals accounted for 20.6% of the total export revenues down from 23.32% YoY. In July ferrous exports earned $680.41 million. At the same time ferrous metals imports increased by 14.2% YoY, to $444.32…

Ukraine: Zaporizhstal puts into operation BF No. 4 after overhaul repair

In accordance with the technological modernization program of the main production equipment Zaporizhstal has finished 3d category overhaul repair with elements of reconstruction and modernization of blast furnace №4 (BF-4). Overhaul repair duration was 30 days; its financing amounted to about 170 million UAH. During repair works the key attention was paid to the implementation…

Russia: Norilsk operations receive Volvo trucks

Twelve Volvo trucks will come to Norilsk Industrial Transport (NPT) Enterprise, Norilsk Nickel subsidiary, in the nearest future. New dump trucks will replace outdated equipment and improve ore transportation efficiency. MAZ-5516А5-373 outdated dump trucks operated by NPT are used to deliver ore from stockpiles to Norilsk Concentrator of Polar Division. Ore transportation is twenty-four-hours-a-day process…

Metals of Ukraine & Russia: round billets (ordinary steel), June 2016

Month

Ukrainian market, $/t, without VAT, EXW, $1/UAH24.854*

min

max

May

427

438

June

355

440

* – Ukrainian Hrivna and Russian Rouble exchange rates are as of 30.06.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)

Russia: Mechel reports Q2 2016 operational results

Mechel PAO, one of the leading Russian mining and metals companies, announced Q2 2016 operational results. Mechel CEO Oleg Korzhov commented on the operational results: “In this accounting period, the coal industry demonstrated stable demand on both global and domestic markets, with a growth registered in both quarter benchmarks and spot prices. In Q2 China…

Ukraine: new scrap procuring association created

Companies dealing with ferrous and non-ferrous scrap, as well as other secondary materials have created the Ukrainian association of secondary metals and resources (UAVtormetresurs). According to Euro-Metal Invest deputy CEO Valeri Katunin, the company was registered on July 18. It will be a non-profitable organization. It will deal with protecting interests of its members; cooperate…

Metals of Ukraine & Russia: channel (structural steel), June 2016

Month

Russian market, $/t, EXW, without VAT, $1/RUR64.2575*

min

max

May

526

613

June

526

613

* – Ukrainian Hrivna and Russian Rouble exchange rates are as of 30.06.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)

Ukraine: Ferrexpo profits down in H1 2016

In January-June Ferrexpo decreased its net profits by 33% YoY, to $77.77 million. According to the company statement, its revenues were down by 10.5% YoY, to $457.92 million, mostly due to the pellets price fall by 14%. Net profit dropped by 3.7%, to $265.77 million, with EBITDA down by 9%, to $160 million. Sales increased…

Russia: Acron Group launches rare earth production

As part of its long-term investment program, Acron Group implements a project of complex apatite-nepheline rock processing at Veliky Novgorod production site to produce rare earth elements (REE) cerium, lanthanum, neodymium, concentrates of light, medium and heavy rare earth elements from apatite concentrate process flows. The annual capacity of REE operations is 200 tons of…