Ukraine: UGOK chooses life insurer

Yuzhniy Mining and Processing Works has chosen the insurance company Ingroup to insure the life of its employees. According to the company statement, 437 employees will be insured, with 124 being employees of the automobiles park in Zheltye Vody, 88 – Ingul mine, and 75 – of Smolinskaya and Novokonstantinovskaya mines, as well as the…

Ukraine: rolled metal deliveries to local market up in H1 2016

Ukrainian Mining and Metallurgical Company notes the increase in rolled metal (without tubes) supplies to the local market by 34.8% YoY, to 1.93 million tons, in January-June.

With pipes deliveries totaled 2.15 million tons, added the company.

Metal imports in H1 increased by 58% YoY, to 0.31 million tons. (Ukrainian metal)

Ukraine: VAT reimbursement in July 2016

ArcelorMittal Kriviy Rih and Azovstal were among the receivers of the largest VAT reimbursement in July. According to the State Treasury Service, the total VAT reimbursement increased from 111.3 thousand UAH in June to 12.11 billion UAH in July. Among mining and metal companies AMKR received the largest reimbursement – 481.8 million UAH. The company…

Ukraine: AZOTSM to close down Vtortsvetmet in Donetsk

Artemovsk Non-Ferrous Metals Processing Works has decided to close down its subsidiary Vtortsvetmet in Donetsk, as it simply can’t operate.
The subsidiary was responsible for leasing and exploitation of its own or leased real estate; fuel, ore, metal and industrial chemicals trade, as well as warehousing. (Ukrainian metal)

Ukraine: Interpipe to sell 565 million UAH worth of pipes to Ukrgazdobycha

The state-extracting company Ukrgazdobycha has accepted the offer of Interpipe for the delivery of casing pipes with the total weight of 11.35 thousand tons valued at 565.18 million UAH. The pipes will be supplied by 2017. Metall-Impex, Dniepropetrovsk Works of Drilling Equipment, Dniepropetrovsk Tube Works, Nefteservis, Energo-Invest and Business Global also participated in the trade.…

Ukraine: manganese output down in July 2016

In July Ukraine produced 139.5 thousand tons of manganese concentrate and sinter, down by 3.3% MoM, or by 4.7 thousand tons. According to the Association of Ukrainian Ferroalloy Producers, in January-July manganese output dropped by 31.8% YoY, or by 253.4 thousand tons, to 543.3 thousand tons. In June Ukraine produced 144.2 thousand tons of manganese…

Ukraine: DZM appoints acting CEO

Dniepropetrovsk Metal Structures Works named after Babushkin has dismissed Rustem Asilgareev from the office of the general manager and appointed Helen Tarasenko acting CEO instead. Asilgareev has been in the office for 15 months. Tarasenko has been appointed for an indefinite term. Previously she worked as the financial director of the company. Neither owns company…

Ukraine: square billet prices to go up

The state enterprise Ukrpromvneshexpertisa (UPE) believes square billet prices (FOB Black Sea) in September will increase by $15-20 per ton MoM, to $335-340 per ton. The company analysts expect the increase in demand on European markets in September, as well as in Turkey and Near East due to the start of the autumn construction period.…

Ukraine: ore prices to fall

The state enterprise Ukrpromvneshexpertisa (UPE) believes iron ore raw materials prices in October (Australian Fe 62% ore CFR China) will drop below $50 per ton on the world market. “We’re not yet sure how long it will last – a week, 2 or 3, but the prices will be below $50”, said the company analyst…

Russia: first scandium oxide output at Rusal

Rusal started the producing 99% scandium oxide. The market price of the new product is up to $2,000 per kg. The new product output started at the Urals Aluminum Smelter (UAZ) after the installation and launch of the pilot unit for the processing of scandium concentrate into scandium oxide. Experts at Rusal Engineering and Technology…

Russia: TAGMET starts producing new pipes

Taganrog Iron and Steel Works has produced a trial batch of pipes with external upset ends for TMK Neftegazservis-Buzuluk.

The first batch of pipes with 73 mm diameter was made at the SMS Meer press.

The need to start producing such pipes was due to the increasing demand from oil industry. (Ukrainian metal)