Ukraine: DTEK mines 2 million tons of coal

Teams of DTEK Pervomayskoye and Ternovskoye Mine Groups on March 29 mined their first million tons of coal since the beginning of the year. In the Ternovskoye mine department, the mining areas No. 1 led by Vladimir Romankov and the site No. 6 led by Sergei Somchenko, were particularly distinguished. Both teams have already produced…

Russia: Mikhailovsky GOK profits up in 2017

In 2017 Mikhailovsky Mining and Processing Works increased net profit by 80% YoY, to 27.09 billion rubles.

Revenue exceeded 78.73 billion rubles, up by 37% YoY.

Sales profit grew by 66%, to 34 billion rubles. (Ukrainian metal)

Russia: coal exports up in Q1 2018

Coal exports in January-March increased by 6.8% YoY, to 44.42 million tons.

According to the Ministry of Energy, in March coal exports reached 15.638 million tons. (Ukrainian metal)

Russia: Mechel commissions new long face at South Kuzbass mine

Mechel has put into operation a new long face 0-17-16 at the mine named after Lenin, a part of the South Kuzbass coal company.

The reserves of the long face are estimated at 650 thousand tons of coking coal. Its length is 200 meters.

Investments in the project totaled 230 million rubles. (Ukrainian metal)

Russia: Moscow court keeps ISD CEO arrested

The Basmanniy Court of Moscow has prolonged for 3 months the arrest of the Industrial Union of Donbass CEO Oleg Mkrtchan accused of embezzlement.

Mkrtchan will be under arrest until July 5.

The case against him is connected with embezzlement of funds given to ISD by Russian banks several years ago. (Ukrainian metal)

Ukraine: scrap export duty to increase

A decree No. 8226 has been registered in the Verkhovnaya Rada. According to one of the authors of the document, the chairman of the Parliament Committee on industrial policy Victor Galasyuk, the decree suggests prolonging the so-called metal law and increasing the export duty on scrap to 42 euro per ton. “This is equal to…

Ukraine: pipes hit by Mexico duties

The government of Mexico has announced the implementation of the antidumping duties on the import of carbon steel pipes from Ukraine, South Korea, Spain and India.

The investigation was carried out at the request of a local company and covered the trade operations from April 2013 through March 2016. (Ukrainian metal)