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Dneprovsky Iron and Steel Works CEO Vyacheslav Mospan has reported the problems with energy carriers and drinking water. Electricity consumption is still at its lowest – 11 MWh. If the debt is not cleared in the near future, the works will be completely cut from grid. Payment for water last week was enough by today.…
DetailsGorno-Altaiskaya Expeditsiya has found traces of gold ore at the Belyashi site in Altai region. In addition to main mineral resources (tantalum, lithium, niobium, and tungsten), the site could also yield gold, copper and lead. The prospecting work was carried out in 2016. (Ukrainian metal)
DetailsThe two tenders on ferrous scrap sales by Ukrzaliznytsia with the total volume of 46 thousand tons have been declared not having taken place. According to the tender documentation, there was only one offer, while at least two offers were needed. The first lot consisted of 24 thousand tons of steel scrap valued at 122.76…
DetailsThe temporary manager of the Aluminum Castings Works (Altai region) Sergey Pupkov has put on sale assets of the company. The starting price of all lots is 215 million rubles. Machinery and mills are being sold as one lot for 120 million rubles. The offers are accepted by June 11. This is the fourth time…
DetailsIrkutsk Aluminum Works, a part of Rusal, has started producing wire rods of 3000 and 4000 series alloys. This wire rod is used in the manufacture of wire for aluminum structures and sections welding. The pilot batch of aluminum wire rods is now being used at one of Moscow works. At present the demand of…
DetailsThis year the Ministry of finances has to pay the State Bank of China 348.53 million UAH under the loan agreement with Lisichanskugol, provided by the bank under state guarantees in December 2011. The bank gave $85 million with 7.05% interest rate for 9 years to modernize the mine named after Melnikov. As of March…
DetailsIn 2016 Dneprovsky Iron and Steel Works received 2.717 billion UAH of losses, up 1.9-fold, or by 1.372 billion UAH. According to the company statement, its net income dropped by 15.36%, or by 2.568 billion UAH, to 14.146 billion UAH. In 2015 DMK received 1389.476 million UAH of losses, having increased its net income by…
DetailsIn March Ukraine consumed 2.86 million tons of coal, down by 37.7% YoY and by 26.1% MoM. According to the State Statistics Service, last year coal consumption increased by 9.4%, to 31.3 million tons. (Ukrainian metal)
DetailsSakhnakhshiri LLC (GIG Group, Tbilisi, Georgia) has won a tender of the public joint-stock company Centrenergo to supply 700,000 tons of coal, according to the results of an auction held in the ProZorro procurement system. Sakhnakhshiri offered to supply coal for UAH 1,808,789,000, while the second bidder – I–COAL Sp z o.o. (Poland) – offered…
DetailsEnergomashpetsstal has shipped two gantries to Presezzi Extrusion s.p.a. (Italy). The weight of the parts totaled 35 tons. The corresponding contract was concluded in November 2016. The first deliveries were carried out in February. According to the agreement, EMSS has to produce 5 pieces of press equipment for the customer. The total weight is 63.5…
DetailsDeputy economy minister Sergey Nazarov declared that Russia needed no coal from the Donetsk and Lugansk regions, occupied by the militants. “Each month we supply some 1 million tons of coal to Ukraine. But we only deliver coking coal, not power-generating coal”, he added. Nazarov also noted that there were no coal deliveries from the…
DetailsIn 2016 Dneprospetsstal received 403.65 million UAH of losses, down by 42.9% YoY, or by 302.9 million UAH. According to the company statement, its net income decreased by 7.9% YoY, or by 538.33 million UAH, to 6.32 billion UAH. In 2015 DSS received 706.56 million UAH of losses, having increased its net income by 40.8%…
DetailsIn 2017 Ukraine could decrease steel output to 17-19 million tons. According to Metinvest marketing director Roman Kurashev, 3 works on the uncontrolled territory have been shut down, and Dneprovsky Iron and Steel Works experiences coke shortage. “Because steel output will decrease, exports will drop as well”, he said. In 2016 Ukraine exported 17.3 million…
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