Ukraine: Evraz selling coke plants

Evraz is in the process of selling its Evraz Yuzhkoks Works, uniting Bagley and Dneprodzerzhinsk coke and chemical plants. “The conclusion of the transaction requires several conditions, which the sides cannot fully influence”, Evraz said. According to the company, the payment of assets will be made by installments by August. Apart from the two coke…

Russia: Trade Ministry to create aluminum cartel

Russia suggests creating an OPEK-like international organization in the aluminum industry. “This is just a suggestion. But we would like this organization to function with direct government participation and state representatives. For the first stage even an association will be enough. The main thing is that all the countries, which are major manufacturers and exporters…

Ukraine: DSS steel output down in January 2017

In January Dneprospetsstal produced 20.29 thousand tons of steel, down by 5.1% MoM.

At the same time, rolled metal output increased by 4.1% MoM, to 14.17 thousand tons.

The total cost of products manufactured in January reached 619.9 million UAH, up by 7.3% MoM. (Ukrainian metal)

Russia: magnesium output up in January 2017

In January raw magnesium production increased by 7.3% YoY and by 1.4% MoM.

According to the Federal Service of State Statistics, magnesium alloys output went up by 21.5% YoY, but dropped by 35.5% MoM. (Ukrainian metal)

Russia: SUMZ revamps non-ferrous casting shop

The Sredneuralsk Copper Works, a part of UMMC, has assembled a centrifugal casting machine and two induction melting furnaces with the capacity of 1 ton each at its non-ferrous castings site. The size of the site, which is situated in the repairs premises, is 400 square meters. The company has also purchased two casting ladles…

Russia: ZTZ passes welding certification

TUV has audited the welding processes at the Zagorsky Pipe Works.

Technological welding processes and pipe repairs have been certified according to EN ISO 15614-1.

The welders have been certified according to ISO 9606-1. (Ukrainian metal)

Ukraine: DTEK companies in uncontrolled territory of Donbass to work under Ukrainian law

Enterprises of DTEK private energy holding located on the territory of Donbass temporarily uncontrolled by Ukrainian authorities have been working and will work within the framework of Ukrainian legislation, DTEK Director General Maksym Timchenko said. “The company has been working and will continue to work exclusively within the framework of Ukrainian legislation,” he said. According…

Russia: gold output forecast for 2017

Gold production in Russia in 2017 will grow by 2-2.5%, to 304-305 tons, according to the Union of gold-miners of Russia. The union expects the average price to hit $1.27 thousand per 1 gold ounce. “Under the expected cross-rate of the ruble to the dollar at 57-65 rubles per dollar, we believe the ruble price…

Azerbaijan: metal imports down in 2016

In 2016 Azerbaijan imported 291.1 thousand tons of steel, up by $4%, valued at $176 million. According to the State Statistics Committee, ferrous metals bars imports dropped by 63.1%, to 97.73 thousand tons at $43.6 million, ferrous angles – by 39.2%, to 28.39 thousand tons at $20.4 million, and ferrous pipes – by 53.9%, to…

Ukraine: Fitch upgrades Ferrexpo Plc to ‘B-‘

Fitch Ratings has upgraded Ferrexpo Plc‘s Long-Term Issuer Default Rating (IDR) to ‘B-‘ from ‘CCC,’ reads a report on the rating agency’s website. “The outlook is stable. Ferrexpo Finance Plc’s senior unsecured rating was upgraded to ‘B-‘ from ‘CCC’. The Recovery Rating on the senior unsecured rating is ‘RR4’. Ferrexpo’s Short-term IDR was upgraded to…