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Ukraine: Metinvest gets $45 million from selling new products

Metinvest Group of CompaniesBy admin27.02.2017Leave a comment

In 2016 Metinvest companies received $45 million of additional profits from selling new products, that they started producing in 2010-2016. The 2016 share was $6 million. According to the group press service, last year it started producing 49 new types of products. The main consumers were the construction sector, machine-building and pipe industry. In 2010-2016…

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Russia: Asha Works starts briquetting trials

Asha Iron and Steel WorksBy admin27.02.2017Leave a comment

The Asha Iron and Steel Works has commenced pilot operation of its briquetting line, the construction of which started in autumn 2016. The line was supplied by Spidermash (Yekaterinburg). The capacity of the line is 12 tons per hour. “The briquetting site with the size of 1824 square meters is in the ferroalloys warehouse No.…

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Russia: Yakutugol buys new excavator

coalBy admin27.02.2017Leave a comment

The Neryungrinsky open-pit mine, a part of Yakutugol, has put into operation a Liebherr R 9200 excavator valued at 220 million rubles. The machine was purchased within the modernization program. This is the first time that such an excavator is used at the Neryungrinsky open-pit mine. (Ukrainian metal)

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Ukraine: Volnogorsk Works orders 27 million UAH worth of mined rock development

Volnogorsk Mining and Processing WorksBy admin27.02.2017Leave a comment

Volnogorsk Mining and Processing Works has ordered the Imex Minerals LLC the development of mined rock valued at 27 million UAH. By the end of March the company will have developed 700 thousand cubic meters of mined rock with transportation for 2.5 km at 39 UAH per 1 cubic meter. May 2016 prices were cheaper…

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Ukraine to check Russian exports of rolled products and bars

antidumpingBy admin27.02.2017Leave a comment

Ukraine’s Economy Ministry will investigate Russian exports of rolled steel and reinforcement steel bars for signs of dumping. The investigation will follow a complaint by ArcelorMittal Kriviy Rih, which said that imports of Russian reinforcing bars and rolled steel might be done at dumping prices, as export prices for the products in 2015 and 2016…

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Ukraine: anthracite stocks up despite blockade

coalBy admin27.02.2017Leave a comment

The anthracite coal, the delivery of which has almost been stopped because of the ATO zone blockade, is only transported to the Lugansk thermal power plant, situated in the Ukraine-controlled territory and belonging to DTEK. “35% of all the anthracite in stock at TPPs is that at Lugansk TPP”, energy complex department director Olga Buslavets…

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Ukraine: Metinvest revenue down in December 2016

Metinvest Group of CompaniesBy admin27.02.2017Leave a comment

In December 2016 Metinvest B.V. decreased revenue by 14% MoM, to $502 million. EBITDA in December 2016 totaled $132 million, up by 18% MoM. Metal division EBITDA in December 2016 was $30 million ($48 million in November), mining division – $110 million ($79 million). The total revenue of the metal division was $412 million, mining…

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Ukraine: Mariupol Ilyich output down in February 2017

Mariupol Ilyich Iron and Steel WorksBy admin27.02.2017Leave a comment

Mariupol Ilyich Iron and Steel Works output has dropped by 20% since the beginning of February. “In February sinter production decreased by 16%, or by 100 thousand tons, pig iron, steel and lime – by 20% on average”, the company CEO Yuri Zinchenko reported. According to him, since the beginning of the railroad blockade the…

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Russia: PGK scrap transportation up in January 2017

scrapBy admin27.02.2017Leave a comment

In January the Saint Petersburg subsidiary of the First Cargo Company (PGK) transported 28 thousand tons of scrap, up 1.8 times YoY. The increase was the result of the growth of shipments to Severstal and NLMK companies. In particular, Severstal increased purchases 2.6 times YoY, to 24 thousand tons of scrap, and NLMK – 1.4…

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Russia: ChTPZ to keep sale volumes

Chelyabinsk Pipe Works, ChTPZBy admin27.02.2017Leave a comment

In 2017 the Chelyabinsk Pipe Works plans to retain its last year position. “Our strategic goal is to increase exports under the growing competition on the local market in order to diversify regional trade”, the group CEO Alexander Grubman said. In 2017 ChTPZ intends to increase its share on the market by 3.9% by boosting…

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Ukraine: ChSZ to produce machinery for Mariupol Ilyich

Mariupol Ilyich Iron and Steel WorksBy admin27.02.2017Leave a comment

The Chernomorsky Ship-Building Works (Nikolayev) will produce a lined barrel mixer for the Mariupol Ilyich Iron and Steel Works. The size of the mixer will be 2.8 meters (diameter) and 10 meters (length). Such mixers are used at sintering factories. Some 80 tons of rolled metal will be needed to produce the mixer. The price…

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Russia: aluminum output up in January 2017

aluminumBy admin27.02.2017Leave a comment

In January primary aluminum output decreased by 2.3% YoY, that of aluminum alloys – went up by 8.9%. According to the Federal Service of State Statistics, aluminum powder and flakes production increased by 20.2%, that of rolled wire, rods and sections – by 25.1%, plates, sheets, strips and bars – by 33.4%, and foil –…

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Russia: Kemerovo region to promote iron ore mining

iron oreBy admin27.02.2017Leave a comment

The Kemerovo region adopted a local decree “On taxation of organizations that mine iron ore”. Because of the iron ore price drop, the mining in the region has been on the brink of profitability for the past couple of years. The regional MPs decided to decrease the tax burden of the ore-miners. From 2013 to…

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