Lamesa Group Holding, affiliated with Russian tycoon Viktor Vekselberg and his multi-industry holding Renova Group through Polo Company, has raised its share in U.K.-registered Petropavlovsk Plc, which operates in Russia, to 2.7448% from 1.5237%, Petropavlovsk said in a statement. Other details of the deal were not disclosed. Other affiliates of Renova Group control 14.764% in…
In Q3 Magnitogorsk Iron and Steel Works produced 3.17 million tons of steel, on the level of Q2. Steel smelting capacities were 88% loaded. Sales dropped by 4.7% to 2.86 million tons due to the sales increase within the group. VAT-products output decreased by 8.3% to 1.3 million tons. In January-September MMK produced 9.38 million…
Asha Iron and Steel Works has confirmed the prolongation of the certificate to produce construction steel hot-rolled metal for the manufacture of metal or ferroconcrete structures. The certificate has been provided by TUV Rheinland Group. The hot-rolled metal of AMZ with CE-marking will continue being exported to the European Union. The company has received the…
On October 15, Donetsk Iron and Steel Works, situated in the territory of the Russia-supported terrorist organization Donetsk People’s Republic, put its blast furnace No. 1 into operation. The halt of the BF was connected with the overhaul. Repairs at BF2 are underway. (Ukrainian metal)
Since 2013 Mariupol Ilyich Iron and Steel Works has decreased natural gas consumption by 69 million cubic meters, or by 40%. According to the company CEO Yuri Zinchenko, thanks to the ISO 50001 implementation the works was also able to save 46 million kW-h of electricity, thus saving over 500 million UAH. At present the…
Ukrmetallurgprom believes that in November steel output will total 1.9 million tons, with pig iron production at 1.9 million tons and rolled metal at 1.7 million tons. In September Ukraine produced 1.86 million tons of steel, 1.83 million tons of pig iron and 1.74 million tons of rolled metal. In January-September steel output totaled 18.23…
In Q 3 DTEK Energo mined 7.8 million tons of power-generating coal, up by 29% QoQ. The increase allows the company to satisfy the growing needs of thermal power plants in fuel. Coal output also increased by 10.5% YoY. Fuel demand increase in summer made the group review its plans on coalmining. So in H2…
Month Russian market, $/t, EXW, without VAT, $1/RUR64.91* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.489* min max min max July 447 680 350 412 August 447 680 368 417 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 31.08.16 according to the National Bank of Ukraine and the Central Bank of the…