Ukraine: Nasalik names state mine losses

Only 18% of Ukrainian state mines work without losses. The cost of coal, which is a part of the electricity production tariff, is 1730 UAH per ton. “At present the gas-generating coal is sold at 1730 UAH per ton, but on the Ukraine-controlled territory there are now only 4 mines that fall under this price”,…

Russia: Evraz ZSMK modernizes sinter factory

Evraz ZSMK has put into operation two gas-and-dust separators systems. According to the company statement, the new machines are used to clean air of premises originating from the process of sinter manufacture. The project presupposes putting into operation 2 more machines by 2019. The investments into the project totaled 350 million rubles. For the past…

Russia: Ufaleinickel to stop on April 1, 2017

Ufaleinickel will halt its operation on April 1. The corresponding decision has been taken by the shareholders because of the unfavorable financial and economical situation. The employees will be sent in idle vacation with 2 thirds of the average salary. The company started experiencing problems after the world nickel prices dropped and coke prices increased.…

Ukraine: 4 findirectors replaced at AMKR in 6 months

Sergey Plichko, the deputy financial director, deputy chief accountant on finances has been appointed the new acting financial director, chief accountant of ArcelorMittal Kriviy Rih. For the past 5 months the acting financial director, chief accountant has been Igor Kublitsky, though his appointment has to end on June 30. Sergey Plichko has been appointed till…

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Russia: metal output up in January 2017

In January Russia produced 4.3 million tons of steel, up by 11.5% YoY, but down by 3.6% MoM.

Pig iron output grew by 4.6% YoY, to 4 million tons, with rolled metal production up by 3.2%, to 4.5 million tons.

According to Rosstat, steel pipes manufacture increased by 13.4%, to 0.442 million tons. (Ukrainian metal)

Russia: zinc output up in January 2017

In January raw zinc output in Russia increased by 1.2% YoY.

According to the Federal Service of State Statistics, on the other hand the January result was 9.4% below the December 2016 result. (Ukrainian metal)

Russia: S&P revises Metalloinvest outlook

Standard & Poor’s Ratings Services (S&P) has revised its outlook on Metalloinvest from Negative to Stable. S&P also affirmed the company’s ‘BB’ long-term corporate credit rating. According to S&P’s latest report, the upgrade to a Stable outlook reflects positive iron ore price trends, as well as actions taken by Metalloinvest’s management team to deleverage and…