Deputy Minister for Temporary Occupied Territories and Internally Displaced Persons Heorhiy Tuka has said that if there is evidence of shipping coal from the Ukrainian temporarily uncontrolled areas in Donetsk and Luhansk regions to Russia, this could be a reason for filing lawsuits to international courts. “These events are not in line with international requirements.…
DetailsEnergomashspetsstal has produced and shipped a batch of rolls to Zaklad Mechaniczny ELTECH sp. z.o.o. The billets will be used to produce electric machines. The total weight of the rolls is 64.16 tons. The order has been made under the contract concluded in 2011. In August-September, according to the agreement, 12 more rolls with the…
DetailsAccording to the market participants, in September prices for rolled metal will continue growing mostly due to the ongoing price increase on world markets and the ruble weakening. MMK has already informed its customers of the price increase in September, namely of 10-18% on bars and sheets. The seasonal revival of the demand and the…
DetailsThe National anticorruption bureau of Ukraine chairman Artem Sytnik says Dmitry Firtash has bought Zaporozhye Titanium and Magnesium Works for $1. “We’re investigating the case as to the management of ZTMK. And we see that Firtash has taken it for just $1. Of course we’re not investigating the Firtash responsibility at present, but we’re on…
DetailsIn January-June Chukotka autonomous district obtained 14.6 tons of gold, down by 13% YoY. Silver output totaled 76 tons, down by 20%. The decrease is explained for the most part with the drop in reserves and its content at Kupol and Dvoynoye deposits. Chukotka Mining-Geological Company mined the most at Kupol: 5.6 tons of gold…
DetailsChelyabinsk Iron and Steel Works has finished modernizing the 6-lane continuous casting machine in its oxygen-steelmaking shop. The modernization will improve the efficiency of the continuous cast billet machine No. 4. The reconstruction implied the previous experience from the repairs of another machine, done in July. The oxygen-steelmaking shop operates 4 continuous casting machines with…
DetailsIn Q2 TMK received $1.07 billion, up by 17% QoQ, with H1 earnings up by 27% YoY, to $2.05 billion. According to the company statement, its corrected EBITDA in Q2 totaled $134 million, down by 6% QoQ, and $275 million in H1, up by 2% YoY. Net losses in Q2 constituted $19 million, with net…
DetailsIn January-July Magadan region fulfilled the gold-mining plan by 51%, having obtained 15.9 tons of gold, up by 2.9 tons YoY. This year the region intends to get 30.9 tons of gold. The growth has been provided by the ore companies, which have mined 2.5 tons more than in 2016. The most gold has been…
DetailsIn January-June KAZ Minerals EBITDA totaled $240 million, up from $91 million in H1 2016. The company profits in the period increased from $302 million to $721 million. In 2016 KAZ Minerals increased its gross profit by 43% YoY, to $969 million. (Ukrainian metal)
DetailsIn January-June Azerbaijan imported 133.7 thousand tons of rolled metal, down by 1.4% YoY, valued at $83.536 million. According to the statistics, ferrous rods imports increased by 15.9%, to 52.835 thousand tons valued at $26.963 million, ferrous angles by 36.6%, to 19.115 thousand tons at $13.383 million, while imports of ferrous pipes dropped by 66.5%…
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