The mine-constructing management of the Gaysky Mining and Processing Works is finishing construction of an important object for the underground mine – the complex of wagons in the mineshaft. “The goal of this complex is to bring up wagons with rock to the surface. The daily capacity of the complex is expected to amount to…Details
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In February Ukraine produced 1.71 million tons of steel, down by 18.7%, or by 393 thousand tons MoM. The average daily steel smelting in February dropped to 61.1 thousand tons from 67.8 thousand tons in January. Pig iron production in February decreased by 18.2%, to 1.565 million tons, rolled metal output dropped by 20%, to…Details
In 2016 Severstal Distribution sales increased by 6% YoY, to 1.545 million tons. Last year the companies of the network sold 14% of all the Severstal Russian Steel products. Half of the total volume, or 756 thousand tons of metal, was delivered to Russian customers. The North-Western Federal district companies sold 47% of the total…Details
The Privolzhsky subsidiary of the Rosbank has signed an agreement on the 6 billion rubles credit line with Vyksa Iron and Steel Works, a part of OMK. The contract stipulates provision of loans in rubles, dollars and euros. “Rosbank started cooperating with the Vyska Works in 2006, and now it’s one of our strategic partners.…Details
Rosterminalugol JSC, the largest dedicated coal port in the Baltic region, a part of Russia’s largest coal port holding Port Management Company LLC, says it handled 3 million tons of coal in January-February. The milestone ton was loaded onto Panamax ship Lucky, the 49th vessel handled at the terminal from the year beginning. In February…Details
U.K.-based mining giant Evraz, which operates mainly in Russia, expects its net debt to earnings before interest, taxes, depreciation and amortization (EBTIDA) ratio to fall to below 3x in January-June from 3.1x as of the end of 2016, president Alexander Frolov said in a conference call. Evraz’ dividend policy stipulates that the company may pay…Details
Evraz is in the process of selling its Evraz Yuzhkoks Works, uniting Bagley and Dneprodzerzhinsk coke and chemical plants. “The conclusion of the transaction requires several conditions, which the sides cannot fully influence”, Evraz said. According to the company, the payment of assets will be made by installments by August. Apart from the two coke…Details
Azovstal Iron and Steel Works planned to increase output in 2017 by 0.8-0.9 million tons, to 4.2-4.3 million tons, but because of the trade blockade of the occupied territories it revaluated the forecast to 3.15 million tons. “If the situation persists and we still operate under the blockade regime, we might not even reach 3…Details
Russia suggests creating an OPEK-like international organization in the aluminum industry. “This is just a suggestion. But we would like this organization to function with direct government participation and state representatives. For the first stage even an association will be enough. The main thing is that all the countries, which are major manufacturers and exporters…Details
Avdiivka Coke and Chemical Works has coal enough for 13 days of operation. “At present only two out of four coking shops are operating”, the company CEO Musa Magomedov said. According to him, the situation with heating in the town is normal, as the works supplies it. “The shelling and shooting is actively carried out.…Details
In January Dneprospetsstal produced 20.29 thousand tons of steel, down by 5.1% MoM. At the same time, rolled metal output increased by 4.1% MoM, to 14.17 thousand tons. The total cost of products manufactured in January reached 619.9 million UAH, up by 7.3% MoM. (Ukrainian metal)Details
In February Zaporizhstal produced 254.3 thousand tons of pig iron, 293.3 thousand tons of steel and 247.1 thousand tons of rolled metal. According to the company YoY decrease has to do with the blast furnace No. 3 being shut down in November 2016 for a large-scale overhaul. The company invested 1.5 billion UAH in the…Details
In January Russia transported 5.9 million tons of ferrous metals via its railroad network, up by 7.3% YoY. The key importers, which increased volumes, were Turkey (up by 25% YoY), Taiwan (up by 10%) and the USA (up 1.5-fold). At the same time Italy decreased imports by 15%. In the short term ferrous metals exports…Details