Ukraine: HBI purchases down in January-July 2017

In January-July Ukrainian metal companies decreased hot-briquetted iron imports by 96.7% YoY, to 1.47 thousand tons. According to the customs statistics of the State Fiscal Service, in monetary terms imports decreased by 94.8%, to $389 thousand. All the metal arrived from Russia. Ukraine neither exports nor re-exports HBI. The largest HBI manufacturer in CIS is…

Russia: Altai-Koks output up in H1 2017

In January-June Altai-Koks produced 2.04 million tons of coke, up by 5% YoY.

The company capacities were 98% loaded.

Altai-Koks sold some 82% of coke domestically, including 76% within the NLMK Group. The rest was exported to Uzbekistan, Kazakhstan, German, Belgium and Finland. (Ukrainian metal)

Russia: coal exports up in January-July 2017

Russian coal exports in January-July increased by 9.5% YoY, to 106.3 million tons, the Ministry of Energy of Russia statistics showed.

In July the commodity exports totaled 15,855,000 tons.

Coal mining in the seven-month period reached 231,389,000 tons, with 201,519,000 tons shipped. (Portnews/Ukrainian metal)

Russia: RMC to raise $100 million for cryptocurrency mining

Russian Mining Company created by Internet ombudsman Dmitry Marinichev and microelectronics producer Mikron’s President Boris Zyryanov plans to raise $100 million to invest in development of a processor for cryptocurrency miners, Marinichev said. Another founder of Russian Mining Company, founder of electronics retailer Sunrise Sergei Bobylev, said that the processor would make production of cryptocurrencies…

Ukraine: Avdiivka Coke modernizing railroad station

Avdiivka Coke and Chemical Works is modernizing the railroad station.

Investments into the project total 24 million UAH.

At present the power lines are being assembled for the Uglekoksovaya-1 railroad station equipment. (Ukrainian metal)

Russia: VSMPO-Avisma and Rolls-Royce sign agreements on supply of titanium products

VSMPO-Avisma Corporation has signed several long-term agreements with Rolls-Royce for the period up to 2026. Terms and conditions of all agreements differ from each other. According to the terms of new agreements VSMPO-Avisma shall deliver rings, blisks and fan disks to Rolls-Royce for new jet engines. The expected revenue from the agreements will potentially exceed…

Russia: MMK net profits up in H1 2017

In January-June Magnitogorsk Iron and Steel Works received $538 million of net profit, up by 10.7% YoY.

According to the company statement, its EBITDA increased by 29.2%, to $907 million, earnings grew by 37.8%, to $3,586 billion.

In 2016 MMK produced 12.5 million tons of steel, up by 2.5% YoY. (Ukrainian metal)