The Supreme Court of Ukraine decided to send the cassation claim of Metinvest to Dneprovsky Iron and Steel Combine, a part of Industrial Union of Donbass, on the iron ore case to the Higher Commercial Court of Ukraine for another round of review. On November 9, 2016 the Higher Commercial Court of Ukraine decided to…Details
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The European Bank for Reconstruction and Development (EBRD) has signed an agreement to provide a $140 million 5-year loan to silver and gold producer Polymetal International to develop the Kyzyl field in Kazakhstan, the company said in a statement on June 22. “The EBRD loan will finance remaining capital expenditures for the Kyzyl project, which…Details
In January-May Ukraine imported 483.56 thousand tons of ferrous metals valued at $399.24 million. The share of ferrous imports in the total volume in money terms reached 2.1%. In particular, Ukraine imported 280.01 thousand tons of flat-rolled carbon steel valued at $204.66 million, 24.44 thousand tons of ferroalloys ($53.01 million), 72.44 thousand tons of carbon…Details
President of Ukraine Petro Poroshenko, in the scope of his official visit to the United States, discussed with the U.S. leadership opportunities to enhance the cooperation in the energy sector, particularly possible coal supplies from the state of Pennsylvania to Ukraine. “We continued discussing with Vice President Pence and President Trump our cooperation in the…Details
In January-April Russia imported 228.2 thousand tons of galvanized steel, up by 34.7% YoY. The main supplier was Kazakhstan with the share of 58%. The average price on the Russian border in April was $741.7 per ton. Supplies from Kazakhstan increased by 89% YoY, prices – by 43%. Then comes Ukraine with the share of…Details
In January-April Russia imported 117.4 thousand tons of galvanized steel with polymer coating, up by 3.4% YoY. The main supplier is China, with the share of 48%. The average price on the Russian border in April was $800.5 per ton. Imports from China increased by 54% YoY, and the price – by 23.4%. Kazakhstan is…Details
By 2050 the demand for coal will decrease from 69 million tons to 31 million tons. According to the energy minister Kanat Bozumbayev, this will be the result of the increase in the usage of renewable energy sources. “In the sector of electricity and heating energy generation coal consumption will fall from 50 million tons…Details
Ukrzaliznytsia has held an auction to sell non-ferrous scrap. Steelservice LLC offered 1.8 million UAH for 18.6 tons of copper scrap, or 96.1 thousand tons per ton. The price exceeded the estimated cost 7-fold. The initial price was 14.5 thousand tons per ton, or 96.1 thousand tons for the whole lot. (Ukrainian metal)Details
Khartsyzsk steel rope works Silur, situated on the territory of the so-called Donetsk People’s Republic, a terrorist organization created and supported by Russia, has resumed manufacture of wire and mesh. Earlier Silur together with Stalkanat (Odessa) was a part of Stalkanat-Silur. In 2016 the works stopped operation. (Ukrainian metal)Details
Omsk Electric-Mechanical Works has processed the first 5 thousand tons of metal structures according to the new technology. Its first customers are the enterprises of the nearby regions of Russia and Kazakhstan. Last year the company put into operation a newly modernized hot-galvanizing shop. “We work with our own products, as well as with orders.…Details
The United Metal Company is developing supplies of rolled sheet for construction, machine-building, shipbuilding and other industries. In particular, in January-May the group successfully supplied major traders with ST3, ST09G2S and S390 steel sheet with the thickness of 150 mm and width of 3100 mm produced by Vyksa Iron and Steel Works for the manufacture…Details
In January-May Ukraine exported 7.37 million tons of ferrous metals valued at $3.378 billion. According to the State Fiscal Service, the ferrous metals export share was 19.6% of the total volume in money terms. In particular Ukraine exported 2.6 million tons of carbon steel semi-finished products valued at $978.57 million. The main importers were Italy…Details
In mid-July Ukraine will be visited by Zhao Yang Feng bulker with 75 thousand tons of South African anthracite. According to DTEK, the ship left Richard’s Bay on June 17. On May 25 port Yuzhniy received a Panamax-class vessel with 75 thousand tons of anthracite from SAR for DTEK Energo thermal power plants. (Ukrainian metal)Details