Magnitogorsk Iron and Steel Works has started construction of a new sinter plant as part of its long-term development strategy announced in November 2015 to increase efficiency and reduce costs. Commissioning of the new sinter plant will provide MMK’s blast furnaces with high-quality sinter produced using state-of-the-art energy-saving and environmentally safe technologies. The new plant…
Month Russian market, $/t, EXW, without VAT, $1/RUR63.16* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.897* min max min max August 135 154 144 158 September 146 173 160 167 * – 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…
NLMK Group, an international steel producer with operations in Russia, Europe and the USA, is opening NLMK Europe’s Project Office, a new division for integrated planning and implementation of investment programs at the group’s European facilities. Konstantin Lagutin, NLMK Group’s VP for Investment Projects, said: “The new project office will allow us to integrate our…
Metal output in January-September decreased by 5.8% YoY, against the 6.5% increase in January-September 2015. According to the National Statistic Service, ferromolybdenum output went up by 8.1% YoY, to 4614 tons, with 718 tons produced in September, up by 12% MoM. Molybdenum concentrate production increased by 0.5% YoY, to 7970 tons, with 925 tons produced…
Month Russian market, $/t, EXW, without VAT, $1/RUR63.16* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.897* min max min max August 406 679 376 398 September 410 679 387 406 * – 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…
In January-September Raspadskaya, a major coking coal producer within Evraz Group, received 8.22 billion rubles of net profits, as compared to 2.8 billion rubles of losses last year. The company revenue totaled 5.89 billion rubles, down by 17.9% YoY (7.17 billion rubles). Its EBITDA increased to 8.87 billion rubles from the losses of 3.49 billion…
“In a year and a half we intend to double coal output in Ukraine”, the minister of energy and coal industry Igor Nasalik announced. All the salary debts to miners will be cleared by January 1, 2017, he added. “The ministry has fulfilled its obligations on settling salary payments, and we expect miners to honor…
Ilyich-Stal has sold a 99.46% stake in the Ilyichevskoye Insurance Company and is its shareholder no longer. The buyer of the shares is not disclosed. Ilyich-Stal is owned by Metinvest. (Ukrainian metal)