Ukraine: VostGOK trying to pay $2 million to Steuermann

The state enterprise Vostochniy Mining and Processing Works has applied to the Commercial Court of Kiev asking to unblock the payment of $1.98 million for the delivery of the uranium concentrate to Steuermann Investitions und Handelsgeselschaft GbmH. According to the court materials, Ukrgazbank, where VostGOK has some accounts, refuses to transfer $1.98 million to Steuermann.…

Ukraine: coal mining down in Q1 2018

In January-March Ukraine mined 8.359 million tons of coal, up by 19.3% YoY. According to the Ministry of energy and coal industry, coking coal output dropped by 9.9%, to 1.614 million tons, and that of power-generating coal – by 21.3%, to 6.744 million tons. In March coal mining grew by 1.3%, to 3.024 million tons.…

Ukraine: coke consumption up in Q1 2018

In March metal companies received 860 thousand tons of coke, up by 11% MoM. According to Ukrmetallurgprom, Ukrainian coke accounted for 785 thousand tons, up by 12% MoM, while imports – 75 thousand tons, flat MoM. In Q1 metal companies received 2.55 million tons of coke, up by 8% YoY, including 2.31 million tons of…

Russia: Q1 2018 NLMK group results

In Q1 steel output at NLMK totaled 4.33 million tons, flat QoQ, but up by 3% YoY.

Capacity utilization rate grew by 3%, to 99%.

Group sales in Q1 totaled 4.15 million tons, up by 13% YoY, but down by 5% QoQ. (NLMK/Ukrainian metal)

Russia: MMK presents report on use of digital technologies

The Magnitogorsk Iron and Steel Works (MMK) took part in the XVIII Urals Industrial and Economic Week international exhibition and the X International Industrial Forum on “Reconstruction of industrial enterprises – breakthrough technologies in metallurgy and machine building”. The events took place on April 10-12 at the World Trade Center in Chelyabinsk. As the largest…

Ukraine: AMKR to increase salaries of its employees from May 2018

PJSC ArcelorMittal Kriviy Rih, the largest mining and metallurgical company of Ukraine, will increase salaries of its employees from 5% to 20% from May 1. A new remuneration system, which was developed at the company, allows to review the employees’ salaries on a case-by-case basis – depending on the category of the personnel. The main…

Russia: Severstal-Balakovo sets steel ladle record

Severstal – Balakovo Bar Works has set another record of the average ladle steel smelting resistance.

The record of 171 smeltings (with average being 128) was set in Q1.

The new record has exceeded the previous of 121 smeltings, which was one of the best results for mini-mills. (Ukrainian metal)