The first stage of Tajikistan Iron and Steel Works has been put into operation. The company consists of 6 shops, and has a 100-mWt substation. The works is expected to produce and process 80-120 thousand tons of minerals, increasing its capacity to 200 thousand tons per year. At first the company will produce 12-27 mm…
The supervisory board of Dneprospetsstal has prolonged the office of the acting chairman of the board Vitaly Kornievsky for 3 more months, until February 2017. According to the company statement, in 2015 it received 706.56 million UAH of losses, having increased its net income by 40.8% YoY, or by 1.98 billion UAH, to 6.85 billion…
Month Ukrainian market, $/t, without VAT, FCA, $1/UAH25.897* min max August 153 157 September 153 157 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 30.09.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)
MMK-Metiz has expanded its range of products with the new powder surfacing wire of PP-Np-200x12m and PP-Np-200x12VF grades with 3.6 mm diameter. The expansion of the product range will allow MMK-Metiz to increase its output and gain new markets. (Ukrainian metal)
The Donetsk People’s Republic (Russia-supported terrorist organization) mines want to employ some 3700 people, with Makeevugol needing 1700 workers. The mines need 950 breakage face workers, 450 shafters and 450 mine explosion engineers, some 500 repairmen, etc. Makeevugol needs the most employees. Still most miners in DPR have large salary debts and try to go…
On November 7, the Almaty Metal Wares Works (Tokyo Rope Almaty) started operating. The company will specialize in metal systems for infrastructure objects, steel fasteners for mining industry, ragbolts and joins for construction, metal wares and steel ropes. Tokyo Rope has invested 25 billion tenge in the works. (Ukrainian metal)
Month Ukrainian market, $/t, without VAT, EXW, $1/UAH25.897* min max August 346 346 September 340 340 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 30.09.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)
In January-September Severstal-Metiz was able to save over 70 million rubles due to the successful realization of expenses decrease measures. According to the company statement, the most effective were the wire production technique changes, coating materials usage decrease and the replacement of packaging. “We pay much attention to changes that directly affect prime cost decrease…