In January-September Makmalzoloto paid almost 96 million soms to the budget. The taxes make up for 95% of the Toguz-Torous district budget. Makmalzoloto has also paid 53 million soms to the district budget as taxes and other obligatory payments, The enterprise was created in 1986 on the Makmal gold deposits. It employs slightly more than…
DetailsRussian steelmakers Severstal and Novolipetsk Steel (NLMK) have sent suits to the E.U.’s General Court challenging decision of the European Commission to introduce duties on imports of cold-rolled steel products from Russia, representatives of the companies reported. In August, the E.U. introduced an anti-dumping duty on cold-rolled steel from Russia and China for five years,…
DetailsThe courts have ruled to exact 9.7 billion UAH of debts and fines from Dneprovsky Iron and Steel Works and Alchevsk Iron and Steel Works, all parts of the Industrial Union of Donbass, in favor of Metinvest. The courts ruled that a part of the debt could be cleared in future, and Metinvest did not…
DetailsIn January-October Ukrainian by-product coke plants imported 9.8 million tons of ordinary coking coals and coal concentrate, up by 20% YoY, or by 1.6 million tons. In October Ukraine imported 920 thousand tons of coal, down by 140 thousand tons MoM. Ukrainian coal deliveries to by-product coke plants reached 5 million tons, on the level…
DetailsThe Russian Railroads wants to increase coal transportation tariff next year due to the high increase of its price in the last three months. The company reported this at the meeting with the Transport Vice Prime Minister Arkady Dvorkovich. Coal started to grow in price in August, since then the coking coal price almost tripled,…
DetailsSalary debts at state mines have exceeded 800 million UAH. According to the Independent Miners Union of Ukraine chairman Mikhail Volynets, the unions demand 4.6 billion UAH in the 2017 budget to support the state coal sector, which will at any rate allow paying wages in time. But this money will not be enough to…
DetailsShareholders of Dniepropetrovsk Iron and Steel Works named after Komintern (Kominmet) have dismissed the board, having chosen Petr Kozak the general manager for a year. They have revoked all the members of the board, including the chairman Oleg Botyuk. The supervisory board and revision commission members have also been dismissed, including Alexander Butskikh (owns 19.7787%…
DetailsIn January-September Russia exported 2.3 thousand tons of stainless steel rods valued at $7 million, up 1.6 times and by 28.4% YoY respectively. Nickel content in steel doesn’t exceed 2.5%. Some 48% of the products were exported to Ukraine, up 2 times, at $3422 per ton. Belarus imported 20% of the products, up by 0.7%…
DetailsIn January-September Russia produced 214.12 tons of gold, down by 1.4% YoY. Silver output totaled 800.32 tons, down by 9.4% YoY.
DetailsIn January-October Russia produced 57.7 million tons of steel and 49.8 million tons of ferrous rolled metal, down by 0.9% and 1.5% YoY respectively. According to the Federal Service of State Statistics, in October steel output went up by 2% YoY and by 4.1% MoM. Rolled metal output increased by 0.3% YoY and by 1.3%…
DetailsIn January-September Ukrainian market received 3 million tons of rolled metal (without pipes), up by 20.8% YoY. With pipes deliveries total 3.33 million tons. In the reporting period Ukraine imported 0.48 million tons of metal, or 16.1% as opposed to 13.6% in January-September 2015. The growth trends over January-September have been observed in beams (up…
DetailsThe net profit of Russian oil and gas pipe producer TMK dropped by 80.7% QoQ to $11 million in July-September, as calculated under International Financial Reporting Standards (IFRS), the company said. Revenue fell by 3.6% to $822 million, and gross profit decreased by 13.6% to $165 million. Adjusted earnings before interest, taxes, depreciation, and amortization…
DetailsMetalloinvest has concluded long-term contracts for the delivery of hot-briquetted iron to Magnitogorsk Iron and Steel Works (MMK), Tube Metal Company (TMK) and the ChTPZ group. Metalloinvest will supply 570 thousand tons of HBI: 200 thousand tons to MMK, 220 thousand tons to TMK and 150 thousand tons to ChTPZ. “These are the first long-term…
DetailsIn January-September Donetsk region (without the antiterrorist operation zone) earned $2542.1 million from exports, down by 11.9% YoY. The region exported products to 101 countries. In particular, ferrous metals exports accounted for 76.3% of the total volumes. The regional companies exported $1.9 billion worth of ferrous metals, down by 10.6% YoY. Ferrous metal wares exports…
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