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…

Metals of Ukraine & Russia: scrap (grade 3a), June 2016

Month

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

min

max

May

62

199

June

62

195

* – 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: Federal Security Service and Ministry of Internal Affairs praise Nornickel for professionalism during exercises

Norilsk Nickel Corporate Security Unit at Polar Division – the Polar Transport Branch – has taken part in Vikhr MED-2016 specialist tactical exercises targeted at suppression of a terrorist attack on a maritime economic entity. According to the script of the exercise, which involved over 300 persons, unidentified perpetrators captured a vessel offshore Dudinka Seaport.…

Ukraine: SevGOK reconstructs drilling machines at Pervomaysky quarry

Severniy Mining and Processing Works has completed the program of drilling machines reconstruction at its Pervomaysky quarry. Investments into machinery overhaul totaled some 10 million UAH. According to SevGOK general director Pavel Timoshenko, the repair lasted for almost six months. 2 drilling machines have been completely repaired. “Now the maintenance and repair expenses will be…

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

Month

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

min

max

May

427

427

June

355

355

* – 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: AMKR appoints new marketing director

Anastasia Tatarulieva has been appointed the ArcelorMittal Kriviy Rih deputy general director on marketing and sales. According to the company statement, she was appointed on July 20. “Tatarulieva is responsible for fulfilling business-plans on selling AMKR products on export and local markets, as well as finding new sales markets”, the statement reads. Earlier Tatarulieva worked…

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

Month

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

min

max

May

498

498

June

498

498

* – 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)

World market: ArcelorMittal celebrating 10 years of industry leadership

On August 1, 2006 Arcelor and Mittal Steel merged to create ArcelorMittal, the world’s leading steel company. The past decade has not always been easy, but the tenth anniversary is an opportunity to celebrate ten years of industry leadership. With a focus on sustainability, quality and leadership as the main values, there is much to…

Ukraine: Metinvest steel output up in H1 2016

In January-June Metinvest produced 4.18 million tons of carbon steel, up by 8% YoY.

According to the company statement, Q2 output totaled 2.19 million tons, up by 10% QoQ. (Ukrainian metal)

Ukraine: metal output up in January-July 2016

In January-July Ukraine produced 14.49 million tons of carbon steel, up by 10.5% YoY. Pig iron output went up by 16.3%, to 13.99 million tons, while that of rolled metal – by 10.5%, to 12.68 million tons, all YoY. Metallurgical coke production rose by 20.4%, to 7.56 million tons, while that of steel pipes dropped…