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…
DetailsThe 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.…
DetailsThe 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)
DetailsVolnogorsk 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…
DetailsUkraine’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…
DetailsThe 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…
DetailsIn 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…
DetailsMariupol 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…
DetailsIn 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…
DetailsIn 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…
DetailsThe 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…
DetailsIn 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 –…
DetailsThe 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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