Ukraine: South Korea imposes duties on ferrosilicomanganese

South Korea is prepared to impose preliminary antidumping duties on the import of ferrosilicomanganese from Ukraine, India and Vietnam. The Korea Trade Commission has completed the preliminary investigation, having found out the damage to local manufacturers done by imports form the three countries. The commission has recommended the Ministry of finances to impose preliminary antidumping…

Russia: Petropavlovsk profits in 2016

In 2016 Petropavlovsk received $31.7 million of net profits as opposed to $297.5 million of losses in 2015. According to the company statement, its revenue reached $540.7 million, down by 10% YoY. EBITDA increased by 16%, to $200 million. Gold manufacture prime cost dropped by 12%, to $660 per ounce. As of the end of…

Russia: KRU coal output up in Q1 2017

In January-March enterprises of Kuzbassrazrezugol, a part of UMMC, mined 10.8 million tons of coal, including 1.5 million tons of coking coal, up by 300 thousand tons YoY. The group sold 10 million tons of coal, up by 500 thousand tons YoY, with 2.9 million tons delivered to the local consumers and 7.1 million tons…

Russia: aluminum imports to fall

Russia is capable of considerably substituting aluminum imports by 2020. According to the Aluminum Association, at present Russia imports some 250 thousand tons of aluminum products. This is mostly aluminum plates, sections, etc. “Our aluminum industry has enough potential to manufacture these products. By 2020 semi-finished products imports could de substituted with local products at…

Russia: Mechel grinded slag output up in Q1 2017

In January-March Mechel-Materials almost doubled the grinded slag production, to 40 thousand tons.

The grinded slag improves concrete characteristics.

Mechel-Materials started manufacturing this product in 2014. In the production the blast slag from Chelyabinsk Iron and Steel Works is used. (Ukrainian metal)

Kazakhstan: gold output up in Q1 2017

In January-March Kazakhstan produced 19863 kg of raw gold, up by 27.6% YoY.

According to the Statistics Committee of the Ministry of national economy, raw silver output dropped by 5.4% YoY, to 265399 kg. (Ukrainian metal)

Russia: Mechel 2016 results

In 2016 Mechel received 276 billion rubles of revenue, with EBITDA at 66.2 billion rubles and net profit of 7.1 billion rubles. “Steel and raw materials markets last year had a lot of surprises. The year started with the steel price increase, then the coal market revived, and by December 2016 coal prices reached their…

Russia: Evraz gets additional railroad discount

Russian Railroads will provide a 6.6% discount to the tariff for export transportation from the Zapadno-Sibirskaya and Sverdlovskaya railroads.

The discount is valid through December 31, and is applied to the transportation of coal, iron ore and metal to and from stations, near which 2 Evraz works are situated: ZSMK and NTMK. (Ukrainian metal)

Russia: ore gold found in Altai region

Gorno-Altaiskaya Expeditsiya has found traces of gold ore at the Belyashi site in Altai region.

In addition to main mineral resources (tantalum, lithium, niobium, and tungsten), the site could also yield gold, copper and lead.

The prospecting work was carried out in 2016. (Ukrainian metal)

Ukraine: Ukrzaliznytsia scrap tenders fail

The two tenders on ferrous scrap sales by Ukrzaliznytsia with the total volume of 46 thousand tons have been declared not having taken place. According to the tender documentation, there was only one offer, while at least two offers were needed. The first lot consisted of 24 thousand tons of steel scrap valued at 122.76…

Russia: ZAL gets new price

The temporary manager of the Aluminum Castings Works (Altai region) Sergey Pupkov has put on sale assets of the company. The starting price of all lots is 215 million rubles. Machinery and mills are being sold as one lot for 120 million rubles. The offers are accepted by June 11. This is the fourth time…