In 2016 the consolidated earnings of the United Metallurgical Company totaled 140 billion rubles ($2.47 billion), down by 13% YoY. At the same time the company claims it has been able to receive high profit despite the decrease of large diameter pipe sales, as well as cleared a considerable part of its debt (56 billion…Details
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The price of coal, delivered from DTEK mines in Russia, is $95 per ton, while that from the South-African Republic is $100 per ton. According to the acting CEO of DTEK Energo Dmitry Sakharuk, in April the company received 35 thousand tons of coal from Russia, with 85 thousand tons in May. In June DTEK…Details
The Ministry of Trade and industry of Egypt has imposed temporary duties on the imports of rebars from Ukraine, China and Turkey for 4 months. According to the ministry, the duty for Ukraine is 15-27%. “The decision was taken after an investigation at the request of the local manufacturers who could not compete with the…Details
The court has denied the request of the State Geology Service to cancel the Carpathian Ore Company license for the Muzhievskoye gold deposits in Zakarpatye region. The company received the license to mine gold in 2012. In 2014 the prosecutors found violations in the operation of the company and the service stopped the license and…Details
In January-May railroads transported 11.86 million tons of ferrous metals, down by 0.3% YoY, including 11.57 million tons for export, down by 2.1%, and 287.84 thousand tons for import, up 3.9-fold. Export transportation to the port of Novorossiysk totaled 4.59 million tons, down by 7.6% YoY, to St. Petersburg port – 2.4 million tons, up…Details
Severstal will supply 17.7 thousand tons of rolled metal to the shipbuilding works Zvezda: steel sheet with the width of 3 meters and the length of 12 meters. The tender was won by Severstal Distribution. The company already has experience of supplying metal via railroad to the Far East. All the metal will be produced…Details
The ChTPZ group will supply a batch of seamless stainless pipes for Belenergomash-BZEM. The pipes will be produced at Chelyabinsk Pipe Works and intended for pipelines of Kudankulam nuclear power plant in India. The products will be shipped in Q3. Under the contract ChTPZ will supply 80 thousand tons of 325-426 mm diameter and 12-16…Details
In January-May Mariupol Ilyich Iron and Steel Works produced 1.102 million tons of rolled metal, up by 1.2% YoY. According to the company statement, steel output went up by 0.7%, to 1.231 million tons, while that of pig iron dropped by 1.1%, to 1.5 million tons. In May the works produced 232 thousand tons of…Details
In January-May Azovstal Iron and Steel Works produced 1.592 million tons of rolled metal, up by 22.6% YoY. According to a company representative, steel output increased by 22.7%, to 1.807 million tons, pig iron – by 25.3%, to 1.58 million tons. In May the company produced 330 thousand tons of rolled metal, 374 thousand tons…Details
Ukrzaliznytsia failed to provide the necessary throughput of the repaired Kamysh-Zarya – Volnovakha route for the stable operation of the Mariupol companies. On June 2-6 the daily throughput of the route was 16 cargo trains, far below the 24 trains promised by Ukrzaliznytsia. Thus Metinvest group had to look for alternative, and more expensive ways…Details
Talnakh Concentrator of Nornickel’s Polar Division has reached the project design parameters and capacity in line with the targets set by the modernization project. The plant’s total throughput capacity has increased by 30%, from 7.6 to 10.2 million tons of ore per year, metal losses in tailings have been reduced, while target nickel and copper…Details
SUEK has put a new long face No. 70-10 at the Taldinskaya-Zapadnaya 2 mine into operation. The expected output is 500 thousand tons of coal per month. The reserves of the face will be enough till the end of the year. SUEK invested over 2.3 billion rubles into the project. (Ukrainian metal)Details
In January-April Zaporozhye Ferro Alloys Plant increased output by 4.6% YoY, to 89.71 thousand tons. In particular the manufacture of silicomanganese went up by 19.7% YoY, to 43.7 thousand tons, but ferrosilicon output dropped by 5.6%, to 30.57 thousand tons, ferromanganese – by 15.6%, to 12.41 thousand tons. The company also produced 3.03 thousand tons…Details