Ukraine: Ferrotrading profits down in 2017

In 2017 Ferrotrading LLC, specializing in the processing of secondary metals and alloys, decreased net profit by 34% YoY, to 8.287 million UAH.

Net income grew 2.1-fold, to 214.252 million UAH.

EBITDA fell to 8.404 million UAH from 12.563 million UAH in 2016. (Ukrainian metal)

Ukraine: Svet Shakhtera output up in Q1 2018

In January-March Corum Svet Shakhtera increased output by 32% YoY, to 199.5 million UAH. The main products are chain-and-flight conveyers, cutter loaders and transformer substations. “From late 2016 till January 2018 our mill fleet increased with new machines of Doosan, Mitsubishi and Taurus. Investments in the manufacture totaled 60 million UAH”, the company director Alexander…

Russia: Industry Ministry to help metal makers

The Ministry of Industry and Trade intends to provide state support to domestic metal enterprises to actively increase exports. “As to the metal industry, the development of exports depends on geopolitical factors. But the deep processing both in ferrous and non-ferrous metallurgy will provide for the increase of Russia’s export potential”, the minister Denis Manturov…

Russia: Evraz output down in Q1 2018

The consolidated steel output of Evraz in January-March dropped by 5.5% QoQ, to 3.3 million tons, mostly because of the decrease in pig iron production. Coking coal manufacture increased by 6.7%, to 6 million tons, thanks to the completion of works at the Alardinskaya and Uskovskaya mines’ long faces. Steel sales fell by 5.7%, including…

Russia: PMH output down in Q1 2018

In January-March PMH-Ugol mined 798 thousand tons of coking coal, up by 22% YoY. According to the holding statement, the increase has to do with the mines named after Tikhov and the second stage of Butovskaya mine, commissioned in May 2017, gradually reaching full capacity. Coal concentrate output at Berezovskaya factory grew by 4%, to…

Russia: Glencore to resume aluminum purchases from RUSAL

Swiss commodity trader Glencore, the biggest buyer of aluminum of Russian UC RUSAL, plans to resume purchases after the U.S. softens its anti-Russian sanctions, news agency Bloomberg reported citing sources familiar with the situation. Glencore has decided that it may continue buying RUSAL’s aluminum until October, according to the sources. Glencore declined to comment. RUSAL…

Ukraine: Ukrmetallurgprom and U.S. World Steel Dynamics sign memorandum of cooperation

Ukrainian steelmakers’ association Ukrmetallurgprom and U.S.-based World Steel Dynamics have signed a memorandum of cooperation. This agreement can make Ukraine an international platform in Europe for industry representatives from around the world. The parties intend to introduce the practice of international industry forums and conferences for leading market experts to share experience. The cooperation opens…

Kazakhstan: BAST to increase Maksut capacities

BAST intends to increase copper-nickel ore processing capacities at the Maksut deposits 3.5-fold, to 1.4 million tons per year. Additional capacities of 1 million tons will be constructed in 2019. BAST is negotiating the cooperation with a major trading company, specializing in metals. Their investments could amount to $8-10 million. This year BAST will process…

Russia: Kolmar to ship coal to India from 2020

Kolmar intends to start supplying coal to India having commissioned the coal terminal in the port of Vanino. After the construction VaninoTransUgol will be able to load large vessels. At present because of the long logistics scheme and low deadweight such a cooperation is unprofitable. Now the company has contracts for the supply of coking…

Russia: Solntsevskiy Pit coal output up in Q1 2018

The largest coalmining enterprise of the Sakhalin – Solntsevskiy Coal Pit – is increasing output. In January-March it mined 1.5 million tons, up 3.7-fold YoY. In February the miners set a regional record having obtained 650 thousand tons of coal. Last year the enterprise received a new KomatsuPC-3000 excavator with the ladle volume of 16…

Russia: Polymetal buys Prognoz

Polymetal International plc has confirmed the acquisition of a 50% stake in the silver deposits of Prognoz for $140 million, to be paid in Polymetal shares. As the result of the deal Polymetal stake in Prognoz reached 100%. The total cost of the purchase reached $215 million, including $3 million paid for the initial 5%,…

Ukraine: Mariupol Ilyich commissions another gas-purification unit

The sintering factory of Mariupol Ilyich Iron and Steel Works has commissioned the first complex of the modern gas purification. It will allow decreasing dust emissions by 90% and sulfur oxide emission by 43%. Machinery and technologies were provided by Termokimik Corporation (Italy). Investments in the project totaled $220 million. The reconstruction of the sintering…