Norilsk Nickel, a global nickel and palladium major, and BASF, a leader in the chemical industry, have made a joint statement regarding continuing their relationship based on the mutual exchange of ideas as well as information regarding market opportunities. As leaders in their respective industries, their joint purpose is to create innovative technologies that add…
NLMK closed its $700 million 7-year Eurobond offering with an annual coupon rate of 4.5%. Interest payments on the Eurobonds are payable semi-annually. The proceeds from the issue will be used to finance the purchase of existing notes due 2018 and 2019 in accordance with the terms and conditions of the tender offer announced May…
In January-May Mariupol Ilyich Iron and Steel Works produced 1.08 million tons of rolled metal, up by 9.7% YoY. According to the company statement, its steel smelting went up by 9.6% YoY, to 1.22 million tons, while pig iron output increased by 6.9%, to 1.51 million tons. In May the works produced 237 thousand tons…
Alexei Potanin has been appointed acting general director of Lisichanskugol instead of Boris Perepelitsa, who has been heading the company since March. The Ministry of energy and coal industry appointed Potanin on June 13. In 2010 he worked as the acting director of Lutugin Mine Group, in 2011-2014 in coal sales company Ruteks. Lisichanskugol mines…
In January-May Evraz Sukhaya Balka produced 1.05 million tons of iron ore, down by 8.2% YoY. According to a company representative, in May it mined 261 thousand tons of ore. In 2015 Evraz Sukhaya Balka produced 2.81 million tons of ore, down by 2.7% YoY. (Ukrainian metal)
Zaporizhstal started preparing for the large-scale reconstruction of its blast furnace No. 3. Investments into the project will reach 1.47 billion UAH. The furnace will be equipped with the newest exsufflation system. The company will use semi-knock down to assemble new elements of the furnace. A special construction site has already been prepared. The reconstruction…
In January-May ArcelorMittal Kriviy Rih produced 2.41 million tons of rolled metal, up by 6.1% YoY. According to the company statement, steel smelting went up by 6%, to 2.73 million tons, while pig iron output increased by 12.6% YoY, to 2.56 million tons. Sinter output rose by 10.2% YoY, to 4.48 million tons, that of…
In January-May Ukrainian metal companies received 1.17 million tons of scrap, down by 14% YoY. In May companies received 300 thousand tons of scrap, up by 40 thousand tons MoM, or 80% of their needs. Scrap stocks in May remained unchanged and as of June 1, totaled 80 thousand tons. In January-May scrap exports reached…
