Highland Fund, a consortium established by prominent Chinese investment funds and corporations, made payment for a share in the joint venture set up together with Norilsk Nickel to develop Bystrinsky project in compliance with the signed agreement. The payment has been made after the Russian government Commission on Monitoring Foreign Investment had approved acquisition of…
In June Ukraine produced 1830 thousand tons of steel, down by 20.7% MoM, or by 477 thousand tons.
In January-June steel manufacture went up by 10.4% YoY, or by 1168 thousand tons, to 12417 thousand tons. (Ukrainian metal)
The head of the so-called Donetsk People’s Republic Zakharchenko has decided to temporarily administrate the Donetsk Electrometallurgical Plant and create Yuzovka Iron and Steel Works on its basis, with all DEMZ assets given to the new company. Now Mechel faces the risk of losing control over DEMZ. The company is studying the situation and will…
Supervisory board of the Metinvest group has appointed Julia Dankova the financial director.
Previously Dankova was the acting financial director. Alexei Kutepov, financial director since August 2013, resigned in winter 2016. (Ukrainian metal)
Poltava Mining and Processing Works believes that Germany, Austria, South Korea and Japan are its priority sales markets.
According to the company chairman Victor Lotous, it plans to sell 65% Fe content pellets there. Last year PGOK exported 11494 thousand tons of iron ore pellets. (Ukrainian metal)
In June Ukraine produced 921 thousand tons of 6% moisture bulk coke, down by 18.6% MoM, or by 210 thousand tons.
In January-June coke output increased by 23.4% YoY, or by 1255 thousand tons, to 6496 thousand tons. (Ukrainian metal)
The Kiev Commercial Court of Appeals has refused to review the lawsuit on the return of the Zaporozhye Aluminum Works to the state ownership. The court has left without satisfaction the claim of Velbay Holdings Limited (Cyprus) to review the decision of the Kiev Commercial Court of March 22, 2012, due to the new conditions.…
The repairing team of DTEK has restored two of the four electric lines feeding Avdiivka Coke and Chemical Works. Because of the military activities 2 of the 4 lines were cut on June 8 and 29, and the remaining 2 lines – on July 20. From that day the company worked on its own generators.…
As of July 12, importers of the 406.4 mm diameter seamless casing pipes to Ukraine used 87.04% of the quota. According to the Ministry of economical development and trade the quota from October 1, 2015 till September 30, 2016 totals 19505 tons. So far licenses for the amount of 17031 tons of have been given,…
In June Ukraine produced 6336 thousand tons of iron ore and concentrate, down by 3.3% MoM, or by 215 thousand tons. In particular, iron ore output dropped by 2.8% MoM, or by 31 thousand tons, to 1080 thousand tons, while that of concentrate – by 3.4%, or by 184 thousand tons, to 5256 thousand tons.…
Poltava Mining and Processing Works plans to invest some $50 million into development.
In 2015 the company had to stop its investment program as to the capacity increase, with the cost of maintenance projects being $50 million. This year PGOK intends to keep its investments on the level of 2015. (Ukrainian metal)
In June Ukraine produced 1765 thousand tons of pig iron, down by 21.4% MoM, or by 481 thousand tons.
In January-June pig iron output increased by 17% YoY, or by 1731 thousand tons, to 11927 thousand tons. (Ukrainian metal)
In June Ukraine produced 1536 thousand tons of rolled metal, down by 23.3% MoM, or by 467 thousand tons.
In January-June rolled metal output went up by 11.1% YoY, or by 1086 thousand tons, to 10850 thousand tons. (Ukrainian metal)
AzovElectroStal has reelected Alexei Popov the general manager of the company. According to the company statement, his office has been prolonged from July 14 for a year. On July 9, AzovElectroStal has dismissed Yuri Serdyuk from the office of the general manager. Previously Popov worked as the finance director deputy, chief economist of Azovmash. In…
Rusal, one of the world’s largest aluminum producers, has signed an agreement to sell 100% in the bauxite and alumina complex Alpart in Jamaica to Chinese state industrial group JISCO, the company said in a press release. The cost of the transaction amounts to $299 million. The deal is undertaken within the program of Rusal’s…
Since July 19, the throughput of the Kamysh-Zarya railroad route has dropped from 14 cargo trains per day to 9. “The reason isn’t something new – the lack of fuel”, said the Azovstal CEO Enver Tsikishvili. The works has to help railroad again – it provided 33 tons of fuel. “But that will be enough…
If the port duties are brought in correspondence with the world practice, Metinvest will be able to increase output at its GOKs. “We have addressed the Ministry of infrastructure and the Cabinet of Ministers on this issue. We hope that Ukrainian port duties will correspond to the world practice, thus enabling us to increase output,…
Two of the 4 working electricity lines, feeding Avdiivka and the Avdiivka Coke and Chemical Works, were damaged by shelling. “The city is left without light and water, we’re working at lowest capacities”, said the company CEO Musa Magomedov. DTEK energy engineers asked the military to provide them with the green corridor to make repairs.…
In April-June Evraz Sukhaya Balka renewed iron ore mining after the halt in Q1 due to the low demand. In Q2 bulk ore output at the works went up by 49.1% QoQ, to 782 thousand tons, though it decreased in H1 by 6.2%, to 1.3 million tons. According to the company statement, in H1 iron…
Metinvest CEO Yuri Ryzhenkov believes in 2016 domestic metal market will grow by 10% YoY.
“Last year Ukraine saw the lowest metal consumption results in its newest history. So far the economy is idle: there is no increase in construction, or in machine-building. And these are our main metal-consuming industries”, he added. (Ukrainian metal)
In April-June Evraz Dneprovsky Iron and Steel Works increased metal and coke output. According to the company statement, this has to do with the demand increase. Semi-finished products output decreased by 2.8% QoQ, to 130 thousand tons, while section steel manufacture went up by 20.3% QoQ, to 94 thousand tons. Carbon steel smelting in April-June…
Manufacturing results of July for the Ukrainian mining and metal industry will depend on the normal work of the railroad and the provision of coke and raw materials. Ukrmetallurgprom wasn’t able to forecast output results for August, but it believed that in July Ukraine would produce 2.1 million tons of pig iron, 2.2 million tons…
Half Ukraine’s thermal power plants get coal from mines, and the state now owns only 35 of them, and their number could drop to 7. “What the energy minister Nasalik says, differs from the real situation. Ukraine owns only 35 mines. If it retains control over 7 of them, 28 would leave the state ownership,…
In January-May Mezhdurechensky Mining and Processing Works and Valki-Ilmenit, both owned by Group DF, produced 69.8 thousand tons of ilmenite concentrate. In particular, MGOK produced 54.7 thousand tons of concentrate, while Valki-Ilmenit – 15.1 thousand tons. The maximal capacity of MGOK is 200 thousand tons of ilmenite concentrate per year, and Valki-Ilmenit can produce 65…
Ukrainian market, $/t, without VAT, EXW, $1/UAH25.166*
* – Ukrainian Hrivna and Russian Rouble exchange rates are as of 31.05.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)
Despite the prohibition and the recommendations of the Ministry of economical development and trade, the State Fiscal Service goes on providing documents for ferrous metals exports, mainly through Nikolaev and Kherson customs. In June Turkey imported 26.77 thousand tons of the raw materials through various customs. Nikolaev trade seaport transshipped 6.34 thousand tons of scrap,…