The Federation of Metal Makers of Ukraine forecasts losses of the mining and metal complex (accounts for 6-7% of diesel fuel consumption) at 2.5 billion UAH per year in case fuel gets more expensive because of imposition of import quotas. According to the Federation chairman Sergey Belenkiy, this accounts for both purchases of fuel and…
The working group of the Zaporozhye region state administration has carried out checks of the local companies dealing with metal processing, as well as their collection centers and manufacturing sites. 13 enterprises were checked. Of them only one – Razvitiye-SV – corresponded to all the legislation norms. The Khormet company will be checked again. At…
In March railroad cargo transportation increased by 3.1% YoY, to 112.4 million tons. In Q1 transportation grew by 3.5%, to 315.7 million tons. In particular, in three months railroads carried 94.3 million tons of coal, up by 3.6% YoY, 27.2 million tons of iron and manganese ore (+2.5%), 19.8 million tons of ferrous metals (+10.8%),…
In March the Far Eastern Railroad transported 4.2 million tons of cargo, up by 2.6% YoY. Handling in Q1 totaled 12 million tons, up by 4.3% YoY. In particular, the enterprise transported 4.9 million tons of coal, 130 thousand tons of ferrous metals and 27 thousand tons of ferrous metals scrap, up by 5.6%, by…
ArcelorMittal SA, Vedanta Resources and a group comprising Russia’s VTB and top Indian steelmaker JSW Steel have bid for bankrupt steelmaker Essar Steel India, Reuters reported quoting a joint statement of the companies. Essar Steel is among a dozen of India’s biggest debt defaulters that were pushed into the bankruptcy court last year after a…
The capacities to produce galvanized and coated metal in Russia continue increasing. Soon such a line with a capacity of 400 thousand tons per year will be commissioned at Severstal. The Leningrad and Orel regions now posses polymer-coating lines with the capacity of 40 thousand tons per year. According to a survey, some 34% of…
The OECD Council approved Kazakhstan’s application to join the Organization’s Steel Committee, the press service of the country’s Ministry of Investment and Development reports. “Following the presentation of the preliminary review of Kazakhstan’s steel industry policy, which took place on September 28-29, 2017, the secretariat of the Steel Committee decided to recommend the OECD Council…
In February Ukrainian metal companies consumed 160 million cubic meters of natural gas, down by 20 million cubic meters MoM. Average daily consumption dropped by 0.1 million cubic meters, to 5.7 million cubic meters. In January-February Ukrainian metal companies consumed 340 million cubic meters of natural gas, down by 12% YoY. Average daily consumption totaled…