Ukraine: DTEK sees losses in Q3 2016

In July-September DTEK received 2.61 billion UAH of losses against 0.52 billion UAH of losses in Q2.

According to the company statement, its income went up by 15.8% QoQ, or by 4 billion UAH, to 29.31 billion UAH (25.31 billion UAH in Q2). EBITDA totaled 4.16 billion UAH (955 million UAH in Q2). (Ukrainian metal)

Ukraine: manganese output up in October 2016

In October Ukraine produced 166.6 thousand tons of manganese concentrate and sinter, up by 4.7% MoM, or by 7.5 thousand tons.

According to the Association of Ukrainian Ferroalloy Producers, in January-October manganese concentrate and sinter output dropped by 17.9% YoY, or by 220.4 thousand tons, to 1010.8 thousand tons. (Ukrainian metal)

Ukraine: long rolled metal export-import in October 2016

In October Ukraine exported $141.8 million worth of long rolled metal, with imports totaling $14.92 million.

According to the State Fiscal Service, most of the long rolled metal went to Russia ($23.85 million).

In January-October Ukraine exported $1437.05 million worth of long rolled metal, while imports reached $125.4 million. (Ukrainian metal)

Ukraine: Ferrexpo gets 99% stake in PGOK

Ferrexpo AG (Switzerland) has accumulated 99.02% of Poltava Mining and Processing Works.

Earlier the Ferrexpo stake amounted to 97.43% in the total number of shares and 39.12% in the voting shares. After the acquisition of shares Ferrexpo AG now has 99.02% in total shares and 40.71% in voting shares. (Ukrainian metal)

Ukraine: semi-finished products export-import in October 2016

In October Ukraine exported $186.4 million worth of steel semi-finished products, while imports reached $2.74 million.

According to the State Fiscal Service, the main consumer of steel semis in October was Italy ($38.27 million).

In January-October Ukraine exported $1879.36 million worth of steel semi-finished products, with imports at $11.78 million. (Ukrainian metal)

Ukraine: zero duty not affecting scrap imports

The state enterprise Ukrpromvneshexpertisa says the zero duty on scrap imports will not greatly affect imports. “There is no country that could supply scrap to us at favorable conditions. The decree weakly affects imports. We didn’t import scrap not because of the duty, but because there was nowhere to import it from”, UPE deputy director…

Ukraine: prosecutors demanding Krasnolimanskaya Coal Company to pay 8 million UAH

The Krasnoarmeysk prosecutors have found out that the state enterprise Krasnolimanskaya Coal Company has not been paying pensions for some time.

According to the prosecutors, the debt to the Pension fund amounts to 8.3 million UAH. The office filed 2 cases to the Donetsk district administrative court demanding this money to be paid. (Ukrainian metal)

Russia: raw zinc output up in January-October 2016

In January-October raw zinc output in Russia increased by 4.4% YoY.

According to the Federal Service of State Statistics, in October raw zinc production went up by 14.2% YoY and by 30.4% MoM. (Ukrainian metal)

Russia: copper output down in January-October 2016

In January-October output of refined copper dropped by 0.7% YoY.

According to the Federal Service of State Statistics, copper foil output dropped by 13.7%, of wire – by 17%, while that of plates, sheets, strips and bars went up by 5.5%, of rods and sections – by 19.6%, all YoY. (Ukrainian metal)

Russia: MMK increases capacity

In January 2017 the hot-rolling mill-2000 at Magnitogorsk Iron and Steel Works will be halted for capital repairs for 9 days. At present the preliminary works are being carried out at the mill. The overhaul will increase capacity by 150 thousand tons of metal per year. The works will be carried out by the specialists…

Russia: Izhstal receives plane-builder certificate

Izhstal, a part of Mechel, has received the certificate of quality correspondence from one of the major aviation machinery producers in Russia – Aviastar-SP.

Izhstal supplies commercial steel to Aviastar-SP: cold-drawn, calibrated, structural and structural nickel-containing steel. The certificate is valid for 3 years. (Ukrainian metal)

Russia: gold output to increase in 2016

In 2016 Russia plans to produce 297 tons of gold, up by 1.2% YoY.

Last year Russia produced 293.4 tons of gold, up by 2% YoY

In January-September gold output went up by 0.4% YoY, to 219.25 tons. (Ukrainian metal)

Kyrgyzstan: Irisay goldfield to be put up for auction

The State committee of industry, energy and subsurface resources management plans to hold an auction on the goldfield Irisay on December 19.

The starting price of the license for the object is 2.8 million soms ($40.12 thousand). The projected gold reserves are 13180 kg. (Ukrainian metal)

Ukraine: metal makers draw Antimonopoly committee attention to Ukrzaliznytsia plans

The Antimonopoly committee of Ukraine has to check the intentions of Ukrzaliznytsia on increasing transportation tariffs in 2017 by 25% for cargo and by 35% for passengers. This has been voiced by the chairman of the Metallurgists Federation of Ukraine Sergey Belenky. According to him Ukrzaliznytsia management has officially confirmed this plan. “The Ministry of…

Russia: OMK president Markin congratulates best Trubodetal employees

The Trubodetal Manufacturing Facility (AO Trubodetal, Chelyabinsk, a United Metallurgical Company (OMK) subsidiary) hosted an award presentation ceremony for the winners of the Best Employee competition in honor of Trubodetal’s anniversary. The manufacturing facility’s most successful and effective employees received awards in 24 categories, including worker and engineering occupations as well as for administrative and…

Russia: Chinese firms to buy 5% in Polyus

China’s Zhaojin Mining Industry and Zijin Mining Group are taking part in talks to buy up to 25% in Russia’s largest gold producer Polyus for $2 billion. Zhaojin is considering buying the stake jointly with China’s Fosun. A Qatari investor is also interested in buying into Polyus, sources said. Suleiman Kerimov, the majority shareholder of…

Ukraine: coal output up in October 2016

In October Ukraine (without the Russia-occupied Crimea and ATO zone) mined 2.7 million tons of coal, up by 0.2% YoY and by 5% MoM.

According to the State Service of Statistics, in January-October coal output went up by 4% YoY.

In September coal output dropped by 4%. (Ukrainian metal)