In 2017 Kolmar intends to increase output by 56.7% YoY, to 5.8 million tons. According to the company CEO Sergey Shevelev, in 2018 it plans to produce 9 million tons of coal, with 12 million tons in 2019 (7 million tons being coking coal concentrate). Kolmar’s balance reserves are estimated to exceed 1 billion tons…
Month Russian market, $/t, EXW, without VAT, $1/RUR62.9* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.496* min max min max September 493 493 403 403 October 491 491 440 440 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 31.10.16 according to the National Bank of Ukraine and the Central Bank of the…
Modernization at Nizhni Tagil Iron and Steel Works goes on. In particular, the company replaces machinery in the round billet shop. After the overhaul its capacity will increase 2-fold, the quality will improve and the range of products will be expanded. The technical characteristics of the new line by far exceed the existing ones and…
Month Russian market, $/t, DDP, without VAT, $1/RUR62.9* Ukrainian market, $/t, without VAT, DDP, $1/UAH25.496* min max min max September 775 995 850 970 October 775 1025 900 990 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 31.10.16 according to the National Bank of Ukraine and the Central Bank of the…
Since the beginning of the year Severstal has supplied 3.13 thousand tons of shipbuilding steel to Yaroslavsky Shipbuilding Works. The high-strength steel was used to produce ships for the Russian navy. All the steel was produced at Cherepovets Iron and Steel Works. In October Severstal won two tenders to deliver 956 tons of special shipbuilding…
Beloretsk Iron and Steel Works, a part of Mechel, has started producing stainless wire. The first batches weighing 10 tons have already been supplied to local and foreign consumers. The new wire is produced in cooperation with Izhstal works, which supplies AiSi 304 stainless steel. The wire is intended to replace foreign analogues on the…
Month Russian market, $/t, EXW, without VAT, $1/RUR62.9* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.496* Export, Ukraine, $/t, FOB Black sea ports Export, Russia, $/t, FOB Black sea ports min max min max min max min max September 242 242 218 257 250 255 250 260 October 242 242 184 258 235 250 237 255…
U.K.-registered Petropavlovsk Plc, which operates in Russia, has suspended mining of the Andreyevskoye gold field in the Amur region due to an early severe frost, the company said in a statement. “Earlier flooding and now abnormally low temperatures, which fell from zero to 40 degrees Celsius led to extensive frosts”, the statement said. “A subsequent…