Ukraine: Interpipe appoints new products and resources director

Interpipe has appointed Andrei Lukyanov the new products and resources director. The new manager began working on August 1. Lukyanov started working at the Magnitogorsk Iron and Steel Works (Russia), he then was the transformation director at ArcelorMittal Kriviy Rih (2011-2013). While working for Boston Consulting Group Lukyanov participated in Interpipe strategy projects. Before coming…

Azerbaijan: AzerGold to buy IT-equipment for 221 thousand manats

AzerGold has concluded an agreement with Bestcomp Group for the delivery of IT-equipment (computers and accessories). The cost of the contract is 211.57 thousand manats. AzerGold was created by the president Ilham Aliyev’s decree in 2015. It prospects, develops and manages gold- and iron-bearing sites Garadag, Chovdar, Geydag, Dagkesemen, Kokhnemeden and the Kyuryakchai basin. (Ukrainian…

Russia: gold output up in January-July 2017

In January-July Russia increased raw and powder gold manufacture by 11.7% YoY.

According to the Federal Service of State Statistics, in July gold output increased by 12.1% YoY, but dropped by 0.1% MoM. (Ukrainian metal)

Russia: VSMPO modernizing machinery

5 ultrasonic testing units by ScanMaster and BiA have been assembled at the forging complex in the town of Verkhnyaya Salda. Investments totaled 2.7 million euro (188.6 million rubles). VSMPO plans to unite all the ultrasound testing units in one place. For this in July the company started moving 8 units from the south extension…

Ukraine: Russia remains the main coal supplier

In January-June, according to the State Statistics Service, Ukraine imported 826.753 thousand tons of coal valued at $77.11 million. In particular, Russia supplied 90.8% of the total volume (750.861 thousand tons valued at $70.8 million). Imports from the South African Republic totaled 75.886 thousand tons valued at $6.299 million. At the same time Ukraine exported…

Russia: UralKuz confirms right to sell to aircraft manufacturers

Uralskaya Kuznitsa has confirmed the correspondence of its certificate to produce materials to be used in aviation industry. The inspection has been carried out by the Aviaregistry of the Interstate aviation committee (AR MAK) and the State regional center of standartization, metrology and certification. The inspectors have checked the quality management system, manufacturing processes and…

Russia: LDP demand falling

TMK and ChTPZ, accounting for some 45% of Russian large diameter pipes manufacture, decreased local sales because of Gazprom lowering its purchases. In H1 TMK increased earnings by 11% YoY, to $1.54 billion, yet the seamless pipes increase was chiefly countered by the considerable drop in revenue from the sales of welded pipes. In particular,…

Ukraine: evidence of removing coal from uncontrolled areas reason for filing claims to international courts

Deputy Minister for Temporary Occupied Territories and Internally Displaced Persons Heorhiy Tuka has said that if there is evidence of shipping coal from the Ukrainian temporarily uncontrolled areas in Donetsk and Luhansk regions to Russia, this could be a reason for filing lawsuits to international courts. “These events are not in line with international requirements.…

Russia: ChMK modernizes CCM

Chelyabinsk Iron and Steel Works has finished modernizing the 6-lane continuous casting machine in its oxygen-steelmaking shop. The modernization will improve the efficiency of the continuous cast billet machine No. 4. The reconstruction implied the previous experience from the repairs of another machine, done in July. The oxygen-steelmaking shop operates 4 continuous casting machines with…

Russia: TMK earnings up in Q2 2017

In Q2 TMK received $1.07 billion, up by 17% QoQ, with H1 earnings up by 27% YoY, to $2.05 billion. According to the company statement, its corrected EBITDA in Q2 totaled $134 million, down by 6% QoQ, and $275 million in H1, up by 2% YoY. Net losses in Q2 constituted $19 million, with net…

Russia: Kolyma gold-mining growing

In January-July Magadan region fulfilled the gold-mining plan by 51%, having obtained 15.9 tons of gold, up by 2.9 tons YoY. This year the region intends to get 30.9 tons of gold. The growth has been provided by the ore companies, which have mined 2.5 tons more than in 2016. The most gold has been…

Kazakhstan: KAZ Minerals profits up in H1 2017

In January-June KAZ Minerals EBITDA totaled $240 million, up from $91 million in H1 2016.

The company profits in the period increased from $302 million to $721 million.

In 2016 KAZ Minerals increased its gross profit by 43% YoY, to $969 million. (Ukrainian metal)

Azerbaijan: metal imports in H1 2017

In January-June Azerbaijan imported 133.7 thousand tons of rolled metal, down by 1.4% YoY, valued at $83.536 million. According to the statistics, ferrous rods imports increased by 15.9%, to 52.835 thousand tons valued at $26.963 million, ferrous angles by 36.6%, to 19.115 thousand tons at $13.383 million, while imports of ferrous pipes dropped by 66.5%…