Ukraine: Ilyich-Stal to be liquidated

Shareholders of Ilyich-Stal, a part of Metinvest, decided to liquidate the company.

The corresponding decision was taken during the shareholders meeting on April 27. All the shareholders voted in favor of the decision.

The cost of the company net assets is 1164.25 million UAH, while liabilities amount to 212.29 million UAH. (Ukrainian metal)

Ukraine: Lisichanskugol mine resumes operation after a yearlong break

Privolnyanskaya mine has resumed coal mining.

According to Lisichanskugol statement, 11 months ago there was a fire at the mine and the operation stopped.

On April 17, the mine yielded the first coal. (Ukrainian metal)

Russia: gold mining in Kolyma to increase

Kolyma is in the TOP-3 gold miners in Russia, occupying the first position in alluvial gold and silver. The Magadan region also has considerable deposits of copper, tungsten, tin, molybdenum and other mineral resources. In 2016 the region yielded 27.9 tons of gold and 889.2 tons of silver, alluvial gold mining hit another record –…

Details

Russia: Beloretsk Works to regain position on stainless wire market

Beloretsk Iron and Steel Works intends to regain its position on the market of stainless wire.

According to the company statement, in addition to cooperating with electrode works, BMK works with spring works, to which it supplies wire of other steel grades. (Ukrainian metal)

Ukraine: coal stolen from DTEK sold in Turkey

DTEK forecasts that in 2017 Donbass mines on the uncontrolled territories taken from the company will decrease coal output 2-3-fold, to 4.4-5.6 million tons. The output plan for Komsomolets Donbassa, Sverdlovantrazit and Rovenkiantrazit mines this year was 12 million tons. The Starobeshevskaya TPP consumes some 2 million tons of coal per year, and the probable…

Details

Ukraine: separatists blow-in EMZ furnace

Yenakievo Iron and Steel Works, situated on the Russia-supported terrorists-occupied territory, started blowing-in its blast furnace. “After an almost 2-months break the works puts its blast furnace No. 5 into operation. The furnace will allow our rolling companies to operate for a month”, the leader of the so-called Donetsk People’s Republic Alexander Zakharchenko declared. The…

Details

Russia: Mechel ships rolled metal for Brest-OD-300 reactor construction

Mechel-Service has supplied over 250 tons of rebars for the construction of the energy complex with the new reactor Brest-OD-300 in Seversk.

The construction is carried out at the site of the Siberian Chemical Works. Rebars were produced at Chelyabinsk Iron and Steel Works. (Ukrainian metal)

Ukraine: South Korea imposes duties on ferrosilicomanganese

South Korea is prepared to impose preliminary antidumping duties on the import of ferrosilicomanganese from Ukraine, India and Vietnam. The Korea Trade Commission has completed the preliminary investigation, having found out the damage to local manufacturers done by imports form the three countries. The commission has recommended the Ministry of finances to impose preliminary antidumping…

Details

Russia: Petropavlovsk profits in 2016

In 2016 Petropavlovsk received $31.7 million of net profits as opposed to $297.5 million of losses in 2015. According to the company statement, its revenue reached $540.7 million, down by 10% YoY. EBITDA increased by 16%, to $200 million. Gold manufacture prime cost dropped by 12%, to $660 per ounce. As of the end of…

Details

Russia: KRU coal output up in Q1 2017

In January-March enterprises of Kuzbassrazrezugol, a part of UMMC, mined 10.8 million tons of coal, including 1.5 million tons of coking coal, up by 300 thousand tons YoY. The group sold 10 million tons of coal, up by 500 thousand tons YoY, with 2.9 million tons delivered to the local consumers and 7.1 million tons…

Details

Russia: aluminum imports to fall

Russia is capable of considerably substituting aluminum imports by 2020. According to the Aluminum Association, at present Russia imports some 250 thousand tons of aluminum products. This is mostly aluminum plates, sections, etc. “Our aluminum industry has enough potential to manufacture these products. By 2020 semi-finished products imports could de substituted with local products at…

Details