The Eurasian Economic Committee intends to impose a 5-year antidumping duty on Ukrainian hot-rolled angles in the amount of 37.89%. “The price of goods originating from Ukraine in 2013-2016 was lower than that of the manufacturers by 6.9% on average. The share of imports increased by 7% YoY in 2015. This is enough to impose…Details
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Mariupol Ilyich Iron and Steel Works is reorienting its manufacture to suit the demand and diversifies it under the conditions of the growing protectionism on the world steel markets. “Previously it was a record to bring 10 new products to the market in a year, now we can start producing 2-3-fold more. In H1 we…Details
NLMK Group has signed a two-year contract with the road building company Avtoban for the supply of by-products that will be used in the construction of a start-up facility No. 3 of the Central Ring Road in the Moscow Region (CRR-3). The CRR is set to be a key link in the transport network of…Details
PJSC Centrenergo has signed a contract with XCOAL Energy & Resources (the United States) to supply about 700,000 tons of anthracite coal by the end of 2017, head of the company Oleh Kozemko has said. “We signed a contract on July 14, expect about 700,000 tons by the end of the year,” he said at…Details
Owner of the Russian steelmaker Severstal Alexei Mordashov outpaced Leonid Mikhelson, major shareholder of the national gas producer Novatek, in the rating of the richest Russians, Forbes said on July 31. Mordashov’s wealth is estimated at $16.8 billion, followed by Mikhelson with $16.2 billion, it said. “The ascent of Mordashov was facilitated by a significant…Details
PJSC MMC Norilsk Nickel, the largest refined nickel and palladium producer in the world, announces preliminary consolidated production results for the second quarter and the first half of 2017. First Vice-President – Chief Operating Officer, Sergey Dyachenko commented on the production results: “In Q2 our platinum group metals (PGMs) production increased substantially owing to the…Details
Ukraine’s production of coal decreased by 558,400 tons, or by 2.9%, in January-June, compared to the same period in 2016. This has been stated in an information note on the main indicators of the Ukrainian fuel and energy industry development over the first six months of 2017. “In January-June coal-mining enterprises of Ukraine produced 558.4…Details
In January-June Vysochaishy (GV Gold) mined 2.2 tons (71 thousand ounces) of gold, down by 15% YoY. “The drop in output has to do with the scheduled decrease of ore mining (by 13%) and processing of lower gold-containing ore (by 16%)”, the company explains. Gold sales in H1 totaled $84.1 million, down by 14% YoY.…Details
Dneprovsky Iron and Steel Combine has resumed the manufacture of square billets at its continuous casting machine No. 1 in the converter shop. The square billets will be used to produce metal structures at the 400/200 mill of the rolling shop. It should be noted that DMK is gradually resuming operation after a long idle…Details
In June Russia transported 9.4 million tons of ore, up by 2.2% YoY, and the highest result for the past 10 years. In January-June ore transportation decreased by 0.5% YoY, to 54.6 million tons. Local transportation grew by 4%, while exports dropped by 6% YoY. The main drop was seen in the exports to Ukraine…Details
The ArcelorMittal Kriviy Rih union has agreed with the company administration on paying for additional vacations. According to the first deputy chairman of the union Natalia Marinyuk, the text of the order has been approved. It should be noted, that, according to the current labor legislation, paying for additional vacations to its employees is the…Details
In January-June Kamensk-Uralsk Non-Ferrous Metals Processing Works increased earnings by 25% YoY, to 3.9 billion rubles. Net profit went up by 54%, to 18.4 million rubles. The company has also increased its exports, as it has entered the markets of the Netherlands, Poland and UK. “In the Netherlands we will be cooperating at full scale…Details
The crushing and sorting factory of Mikhailovsky Mining and Processing Works has assembled a new air-purifying machine – smoke exhauster. The new exhauster’s capacity is 20% higher than that of the previous one. The new machine also has thicker walls, increasing its lifetime to 20 years. Reconstruction of the purification system is a part of…Details