Russia: Putin plans no meetings with metals firms on new taxes yet

Russia’s president Vladimir Putin does not plan an extraordinary meeting with business representatives to discuss the situation in the industry, presidential spokesman Dmitry Peskov reported. “No such meetings have been scheduled yet because the president has not approved any decision. The president agreed that the issue should be considered by the government’s experts,” he said.…

Ukraine: more coal purchased from the aggressor

Ukraine increases coal purchasing from Russia despite the public anti-Russian mood of the high-rank officials. In January-June Russia accounted for 63% of coal supplies to Ukraine, the largest volume in the past 4 years. The share of coal in the overall imports reached 6%, while Ukraine has 4% of the world coal reserves. This year…

Ukraine: nickel ore and concentrate imports up in January-July 2018

In January-July Ukraine imported 891.674 thousand tons of nickel ore and concentrate valued at $43.582 million, up by 13.4% and by 13.5% YoY respectively.

According to the State Fiscal Service, the main suppliers were Guatemala (71.01%) and Indonesia (28.99%).

In 7 months Ukraine neither exported nor re-exported nickel ore and concentrate. (Ukrainian metal)

Kazakhstan: coal price up in EKR

The price of coal has more than doubled and amounted to 17,000 tenges in some areas of the East Kazakhstan region. “Its growth for the end user is significantly influenced by railway tariffs and surcharges of intermediary organizations. The main volume of coal for municipal consumers is sold through the commodity exchange,” Kazakh Energy Ministry…

Russia: ferrous metals deliveries to machine-builders up in July 2018

In July direct deliveries of ferrous metals to railroad machine-building companies totaled 132.2 thousand tons.

According to the railroad statistics, this is up by 52.4% YoY.

In January-July deliveries reached 893 thousand tons, up by 25.4% YoY. (Ukrainian metal)

Russia: VIZ-Stal modernizing bell furnaces

VIZ-Stal has begun the third stage of the bell furnaces modernization. By the end of the year the company will have put into operation 18 new stands. The usage of the modern equipment will decrease maintenance costs by 20%, while increasing the reliability and wear-resistance of the furnaces. The program to replace bell furnaces started…

Russia: Evraz declares record-high profit in H1 2018

Net profit of Evraz in January-June grew to $1.145 billion from $86 million in H1 2017.

Free money flow increased from $549 million to $661 million, while the debt dropped by $646 million, to $4.786 billion.

Consolidated EBITDA went up by 65.5%, to $1.906 billion. (Ukrainian metal)