Russia: PMH puts 2 new mines into operation

The Industrial-Metallurgical Holding has put into operation two new mines in Kemerovo region: the second stage of Butovskaya mine and the mine named after Tikhov. Investments into construction of Tikhov mine totaled 12,5 billion rubles. The project capacity of the first stage is 1.8 million tons. This year 1 million tons of coking coal will…

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Russia: demand for Copper Pipes Works products growing

In Q2 the demand for the Copper Pipe Works products increased by 25% YoY.

So far the company has orders up until October.

The company products are in demand not only in Russia, but abroad as well. (Ukrainian metal)

Ukraine: coal mining down in H1 2017

In January-June Ukraine mined 18.435 million tons of coal, down by 2.9% YoY, or by 556.8 thousand tons. According to the Ministry of energy and coal industry, coking coal output dropped by 24.7%, or by 1.11 million tons, to 3.387 million tons, while that of power-generating coal increased by 3.8%, or by 555.4 thousand tons,…

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Russia: MMK launches new galvanizing unit

PJSC Magnitogorsk Iron and Steel Works has commissioned the continuous hot-dip galvanizing unit No. 3. The unit will increase MMK’s capacity for the production of galvanized steel by almost 20%, to more than 2 million tons a year. The unit is designed to produce zinc-coated products through the hot-dip galvanizing of cold-rolled, thin-sheet, low-carbon steel.…

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Ukraine: UGOK concentrate output up in June 2017

In June Yuzhniy Mining and Processing Works produced 997.4 thousand tons of concentrate, up by 12.8% YoY.

According to the company statement, sinter output dropped by 9.3%, to 150.3 thousand tons.

In January-June UGOK increased concentrate production by 12.5% YoY, to 6.082 million tons, sinter output fell by 3.2%, to 893.1 thousand tons. (Ukrainian metal)

Russia: Sibcable increases copper and aluminum consumption

In January-June Sibcable processed 7.5 thousand tons of copper, up by 15.5% YoY.

Aluminum processing reached 1.5 thousand tons, up by 48% YoY.

Total metal consumption increased by 25% YoY.

In H1 the company produced 18 thousand km of cables and wires. (Ukrainian metal)

Russia: SUEK net profits up in H1 2017

In January-June Siberia Coal and Power Company increased its net profits 3.4-fold YoY, to $322 million. The company earnings went up 1.5-fold, to $2.661 billion. Capital investments totaled $313 million, up 2-fold YoY. EBITDA increased 1.7-fold, to $716 million. Coal mining in 6 months reached 53.6 million tons, up by 1% YoY. Coal sales increased…

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Russia: Aluminum Association approves of Sverdlovsk region producing aluminum semis

Sverdlovsk region aluminum companies are capable of producing almost any semi-finished products on their own and substituting imports. According to the Aluminum Association chairman Valentin Trischenko, at present the region imports some 3.5 thousand tons of aluminum semis. “The potential of the regional aluminum companies allows not only substituting imports, but even exporting products”, he…

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