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In 2017 Guryevsk Iron and Steel Works intends to produce 106.6 thousand tons of steel, up 1.9-fold YoY. Rolled metal output is expected on the level of 134.5 thousand tons, up by 43.8%, and grinding balls – 60.7 thousand tons, up by 8.4%. In Q1 the works earnings increased by 17.3% YoY, to 990.56 million…
DetailsAs of May 15 average daily steel output is on the April level. As of May 16, 16 out of 28 blast furnaces (57%), 12 out of 21 converters (57%), 7 out of 9 open-hearth furnaces (78%) and 7 out of 15 electric arc furnaces (47%) are operating. Mariupol Ilyich Iron and Steel Works and…
DetailsIn April Ukrainian metal companies received 290 thousand tons of scrap, up by 25 thousand tons MoM, or 95% of the need. In January-April metallurgists received 1 million tons of scrap, up by 15% YoY, and 82% of the need. Scrap stocks at metal companies in April increased by 20 thousand tons, to 115 thousand…
DetailsIn April Ukrainian metal companies consumed 120 million cubic meters of gas, down by 20 million cubic meters MoM. Average daily gas consumption dropped by 0.5 million cubic meters MoM, to 4 million cubic meters. In January-April metal industry consumed 630 million cubic meters of gas, up by 6% YoY. Average daily consumption was 5.2…
DetailsIn January-April Ukraine exported 4.9 million tons of rolled metal, down by 22% YoY, valued at $2.1 billion, up by $400 million. The export share in the total rolled metal manufactured was 82% against 86% in January-April 2016. Semi-finished metal reached 40% in the total exports (2 million tons) against 46% (2.9 million tons). At…
DetailsKazakhstan has imposed a 6-months prohibition on ferrous scrap and waste exports. The corresponding Ministry of investments and development decree comes into effect 10 days after its official printing, or from May 27. The goal of this action is to support the local metal industry. On August 1, 2016 Kazakhstan already imposed a 6-months prohibition…
DetailsIndex provider MSCI added NLMK, an international steel company with facilities in Russia, the USA, and the EU, to the MSCI Emerging Markets and MSCI Russia indices. The announcement was made based on the results of MSCI’s Semi Annual Index Review. The changes will be implemented as of the close of May 31. NLMK’s shares,…
DetailsChina-based Sany Heavy Industry has shown interest in the modernization of Ukrainian state-owned coalmines with the high degree of machinery and equipment wear and tear, according to the Ukrainian Energy and Coal Industry Ministry’s website. “Chinese companies have shown interest in upgrading Ukrainian coal enterprises. During a visit to China, representatives of Ukraine’s Energy and…
DetailsThere is no more salary debt to miners of Lviv region. The April salary is being paid out. “This is provided for by the collective agreement on the level of the Ministry of energy and coal industry documents. With the help of the state support the miners get their wages, while the administrative staff –…
DetailsIn March the cost price of coal at the state mines increased by 10.6% MoM, or by 265.26 UAH per ton, to 2775.57 UAH per ton, according to the Ministry of energy and coal industry. At present the cost price of coal at the state mines is 68%, or 1123.38 UAH per ton, more than…
DetailsThe global 2017 palladium supply will shrink by 2%, to 6.631 million ounces or 206 tons, and Russian sales will decline by 3%, to 2.684 million ounces or 83 tons, meaning that deficit will widen to 24.4 tons, Johnson Matthey, the world’s largest refiner of platinum and palladium, said in a research note on May…
DetailsIn January-March Ukraine supplied 364 thousand tons of steel products to Russia, up 1.5-fold YoY. According to the Federal Customs Service, the value of the deliveries is $220 million, up 2.3-fold YoY. The main part of the import (48.5%) was the flat-rolled steel, up by 19.6% YoY, while value increased 2.4-fold. Some 40% of imports…
DetailsKazakhmys Corporation intends to construct a hydrometallurgical works valued at $350 million. “Its copper concentrate output will be 649.2 thousand tons per year. The construction is planned for 2018-2021”, a company representative explained. “Actually we plan to construct two works. The first one will be trial with 32.16 thousand tons of concentrate per year”. (Ukrainian…
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