Ukraine: Rotterdam+ coal scheme dangerous

Prosecutor General of Ukraine Yuriy Lutsenko has said the Rotterdam+ scheme is dangerous and has called on Verkhovna Rada deputies to enact a law regulating payments for coal imports. “As for the coal issue: if previously funds were pilfered via special schemes involving budget payments to mines, today there exists an even more dangerous scheme…

Ukraine: Dneprometiz gets new SB chairman

The director of Metiz subsidiary, the general manager of Severstal-Metiz (Russia) Sergey Kovryakov has been elected the chairman of the supervisory board of Dneprometiz. According to the company statement, Lilia Dubovichenko, the deputy chief accountant of Dneprometiz, has been elected the chairwoman of the revision committee. The shareholders have also revoked the supervisory board of…

Russia: Severstal-Metiz saves 35 million rubles in 2016

In 2016 Severstal-Metiz saved 35 million rubles due to streamlining its operation. According to the company statement, last year employees submitted over 200 rationalizing suggestions, allowing to decrease manufacturing expenses and prime cost. The highest result was obtained thanks to modernization of equipment and tools, as well as the change of key products manufacture techniques.…

Ukraine: decline in industry deepens

In April industrial output in Ukraine decreased by 1.7% MoM and by 4.6% YoY.

According to the State Statistics Service, in metal industry output decreased by 6.5% MoM and by 10.7% YoY.

Coke output dropped by 2.2% MoM and by 27.3% YoY.

In 2016 industrial output in Ukraine increased by 2.4% YoY. (Ukrainian metal)

Russia: Revda Works sees losses in Q1 2017

In January-March Revda Non-Ferrous Metals Processing Works received 3.3 million rubles of net losses.

In Q1 2016 it received 13.9 million rubles of net profits.

The company earnings increased by 33.6%, to 865.2 million rubles. (Ukrainian metal)

Belarus needs no terrorist coal

According to the deputy prime minister of Belarus Vladimir Semashko, the country is not negotiating coal supplies with the self-proclaimed Lugansk People’s Republic, a terrorist organization created and supported by Russia. “Belarus has no need for Donbass coal”, he said. The reason for such a statement was the interview of the LPR leader Igor Plotnitsky…

Ukraine: pellet exports in January-April 2017

In January-April Poltava Mining and Processing Works, a part of Ferrexpo, exported 2.926 million tons of iron ore pellets to Europe and Near East, as well as Japan, Korea and China. Karelsky Okatysh exported 1.945 million tons of pellets, Mikhailovsky GOK – 1.173 million tons, Lebedinsky GOK – 996.4 thousand tons (all three – Russia),…

Kazakhstan: gold output up in January-April 2017

In January-April Kazakhstan produced 26772 kg of raw gold, up by 24.5% YoY.

According to the Statistics Committee of the Ministry of national economy, raw silver output decreased by 10.1% YoY, to 357310 kg. (Ukrainian metal)

Azerbaijan: metal imports in Q1 2017

In January-March Azerbaijan imported 71630.6 tons of rolled steel, up by 24.9% valued at $43123.9 thousand. According to the Statistics Committee, ferrous bars imports dropped by 20.3%, to 14829.2 tons valued at $8608.9 thousand, ferrous angles imports went up by 23.7%, to 7654.4 tons at $5318.2 thousand, and pipes – decreased by 73.6%, to 20660.4…

Russia: gold output up in January-April 2017

In January-April Russia increased output of raw gold and gold powder by 4.3% YoY.

According to the statistics, in April gold output increased by 2.3% YoY, but dropped by 25.3% MoM. (Ukrainian metal)