Ukraine: government to reform coal industry

The Ukrainian government intends to reform the coal industry and special measures are already being implemented to strengthen the country’s energy security, Prime Minister Volodymyr Groysman stated in a speech on the occasion of Miner’s Day, the government’s website reports. “For many years there has been and still is a burning need to put into…

Russia: Izhstal passes QMS audit

Izhstal has passed the supervisory audit on the correspondence of its quality management system to the ISO 9001:2008 and the controlling check of manufacture to CPR 305/2011. According to the company statement, the audit and the check have been carried out by TUV SUD specialists. They inspected rolling and steel shops, documentation, etc. The experts…

Russia: Nordgold net profit down in H1 2017

In January-June Nordgold received 3.96 billion rubles ($67.7 million) of net profits according to international standards, down by 28% YoY. Earnings increased by 16%, to 35.38 billion rubles ($604.9 million), EBITDA – by 12%, to $266.5 million (15.59 billion rubles). Capex dropped by 9% YoY, to 8.53 billion rubles ($145.9 million). In Q2 the company…

Russia: Mechel coal output down in H1 2017

In January-June Mechel mined 10.331 million tons of coal, down by 10% YoY. According to the group statement, steel output in 6 months increased by 5%, to 2.22 million tons, pig iron remained almost flat YoY, at 2.04 million tons. In Q2 Mechel decreased coke sales by 9% because of unstable market situation. “The metal…

Kazakhstan: TMZ ferrosilicomanganese exports to Russia up in H1 2017

In January-July Taraz Iron and Steel Works increased ferrosilicomanganese exports to Russia 2-fold YoY, to 4.658 thousand tons. According to the company statement, TMZ is increasing capacity. In August the company created an industrial park with the size of 41 hectares, where its manufacturing, administrative and warehousing premises are located, as well as gas infrastructure.…

Russia: Tulachermet turns profitless

The largest pig iron manufacturer in Russia – Tulachermet – in January-June received 896 million rubles of net losses against 147 million rubles of net profit in H1 2016. Sales income increased 2-fold, to 23.44 billion rubles. In Q2 the company received 427 million rubles of net losses. Earnings in Q2 increased by 14% QoQ,…

Ukraine: coal consumption down in July 2017

In July Ukraine decreased consumption of coal by 19.4% YoY, to 3.57 million tons, but up by 11.3% MoM.

According to the State Statistics Service, in 2016 Ukraine consumed 31.3 million tons of coal, up by 9.4% YoY.

In June coal consumption decreased by 21.5% YoY, to 3.2 million tons. (Ukrainian metal)

Russia: NMZK fire insignificant

A fire on the territory of Novosibirsk Iron and Steel Works named after Kuzmin has been extinguished.

The accident took place on August 27.

The firefighters have evacuated 6 people. There have been no casualties.

Furniture and employees personal belongings were on fire in the shop No. 4 basement. (Ukrainian metal)