In January-March the largest pig iron manufacturer of Russia – Tulachermet – received 469.2 million rubles of net losses against the net profit of 147 million rubles in Q1 2016. According to the company statement, its income increased by 53%, to 10.966 billion rubles, sales losses totaled 1.14 billion rubles. In September Tulachermet will put…Details
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The Ministry of energy and coal industry has asked the State Fiscal Service to confiscate all the coal originating from the occupied regions of Donbass. According to the ministry letter, the SFS has to demand the certificate of origin when the coal is imported, as well as take samples to check sulfur contents. The coal…Details
DTEK is expecting the arrival of a vessel with 75 thousand tons of anthracite from the South African Republic from May 22 through May 28. “Next week we expect the arrival of coal to restock our supplies at TPPs. The vessel with the first coal batch has already made a long way and is passing…Details
On May 18 KazZinc in Ust-Kamenogorsk, Eastern-Kazakhstan region, caught fire. The accident happened on the territory of the copper shop around 21:41 local time. At 00:25 the fire was extinguished. The size of the fire was 50 square meters. According to the emergency service, there were no casualties. The manufacturing process was not affected by…Details
Chelyabinsk Iron and Steel Works has supplied 1200 tons of rebars for the construction of the embankment in the city of Barnaul. ChMK metal is used for concrete reinforcement of the bank – the first and the most vital part of the project. The length of the embankment will be 500 meters. (Ukrainian metal)Details
Klin Metal Wares Works with the capacity of 200 tons per month has been put into operation in the city of Klin, Moscow region. The company produces self-tapping screws of various diameter and length. Steel rope is used as raw material. The works is situated at the industrial site of Khimvolokno. Investments totaled 20 million…Details
In April Ukraine produced 1276 thousand tons of pig iron, down by 19% MoM, or by 299 thousand tons. According to Ukrmetallurgprom, steel manufacture dropped by 20,2% MoM, or by 360 thousand tons, to 1423 thousand tons. In January-April pig iron output totaled 6330 thousand tons, steel – 7019 thousand tons, down by 20% and…Details
The Ministry of finances of India has imposed a 5-year antidumping duty on some types of cold-rolled metal originating or imported from Ukraine, China, Korea or Japan. The duty is the difference between the landed value and $576 per ton. The antidumping investigation was initiated by the leading Indian metal makers, in particular, Essar Steel,…Details
Paramjit Kahlon, Chief Executive Officer of PJSC ArcelorMittal Kriviy Rih, announced the increase of the employees’ salary up to 70% from May 1. Salary increase is planned for the employees of core professions involved in production processes: – salaries below 5 000 UAH will be increased by 60-70%; – salaries in the range of 5…Details
Mariupol Ilyich Iron and Steel Works continues to develop the range of galvanized structural steel coils. In Q1 it mastered the production of zinc-coated rolled steel of SS Grade 50 according to American standard ASTM A653/A653M. This product has the guaranteed strength properties and is used for the production of formed Z-, C-, Sigma- and…Details
In June Ukrainian metal companies intend to produce 1.6 million tons of steel, 1.5 million tons of pig iron and 1.4 million tons of rolled metal, provided the situation does not change. According to Ukrmetallurgprom forecast, in May Ukraine has to produce 1.6 million tons of pig iron, 1.8 million tons of steel and 1.6…Details
Several dozen workers of a Siberian gold mine belonging to gold producer Uzhuralzoloto agreed to end their strike after a promise to increase wages, a Labor Ministry official said on May 18. “A decision to raise coefficients from 0.3 to 0.7 to rippers and to 0.5 to time workers was taken during negotiations with the…Details
Central Mining and Processing Works, a part of Metinvest, will pay 1.665 billion UAH of dividends for 2016 from 2218.888 million UAH of net profits. The dividends will be paid from June 4 through October 18. Last year CGOK increased net profit 3.2-fold YoY, to 2218.888 million UAH. Its undistributed profit in late 2016 was…Details