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VSMPO-Avisma is negotiating the prolongation of its contract with Airbus. The corporation currently has some 3 score long-term contracts, including some for 10 years. “The Airbus contract expires in 2020, and we have already started negotiations to prolong it. Contracts with Boeing have recently been prolonged to 2022 and 2025”, VSMPO-Avisma marketing and sales deputy…
DetailsUkrzaliznytsia has announced 2 tenders to sell ferrous scrap. According to the company statement, registration is open until April 21. The auctions will held on April 25. The first lot features 24 thousand tons of steel scrap valued at 122.76 million UAH. The second is 22 thousand tons of steel scrap No. 4 (wheels, beams,…
DetailsAs of April 10, average daily metal output decreased by 7-9% MoM. As of April 11, 17 out of 28 blast furnaces (61%), 13 out of 21 converters (62%), 8 out of 9 open-hearth furnaces (89%) and 5 out of 16 electric arc furnaces (31%) were in operation. Average daily steel output in March totaled…
DetailsOn April 6, Dneprovsky Iron and Steel Works started blowing-in of its blast furnace No. 9, but on April 10, had to shut it down once more. The first time DMK had to shut down because of the lack of coke, used to be supplied by the Alchevsk Coke Plant from the uncontrolled territory. On…
DetailsIn January-March Ukraine decreased both exports and imports of iron ore raw materials. In particular Ukraine exported 9.8 million tons of raw materials, down by 4% YoY, with 4 million tons exported in March. Imports in Q1 dropped by 88% YoY, or by 660 thousand tons, to 90 thousand tons. In March Ukraine imported 12…
DetailsPJSC MMC Norilsk Nickel announces the closing of its $1 billion 6-year Eurobond offering with an annual coupon rate of 4.1%. The proceeds from the issue will be used for general corporate purposes and capital investments. The offering has attracted solid investors’ interest both domestically and internationally and the book was well oversubscribed. As a…
DetailsIn January-March Russian coal exports climbed by 7% YoY, to 43.591 million tons, the Ministry of Energy statistics said. In March Russia exported 15,489,400 tons of coal. Coal production in January-March totaled 99,352,200 tons including 91,272,200 tons supplied. (Portnews/Ukrainian metal)
DetailsAlmalyk Mining and Processing Works has embarked on the most ambitious investment project of the Program of measures on structural reforms, modernization and diversification of production for 2015-2019 at JSC “Almalyk MMC” – “Development of “Dalnee” deposit”. On March 1, President Shavkat Mirziyoev signed a Resolution “On measures on expansion of production facilities of JSC…
DetailsDruzhkovka Metal Wares Works will pay 33.226 million UAH of dividends, or 0.5 UAH per 1 share, from its net profit of 35.888 million UAH in 2016. The company supervisory board announced the dividends would be paid from May 10 till September 28. Last year the works increased its net profits by 3.1% YoY, to…
DetailsIn 2016 Guryevsk Iron and Steel Works received 97 million rubles of net losses, down 4-fold YoY. In 2015 the company losses amounted to 382 million rubles, with 3.9 billion rubles in 2014. Last year revenue totaled 4.454 billion rubles, down by 15% YoY. Sales losses reached 70 million rubles as opposed to profit of…
DetailsIn March, according to the railroad statistics, ferrous scrap deliveries to Vyksa Iron and Steel Works, a part of OMK, reached 59.8 thousand tons, down by 35% MoM, but up 50-fold YoY. In January-March VMZ received 212.7 thousand tons of scrap, the maximum volume for the past several years. This is the record volume among…
DetailsIn January-March companies in the Chukotka Autonomous District mined 5.588 tons of gold and 32.873 tons of silver. Gold output dropped by 17.8% YoY, or by 1.215 tons, silver – by 10.4%, or by 3.84 tons. The decrease is caused by the targeted drop of output at the gold-silver deposits of Kupol and Dvoynoye, belonging…
DetailsMidUral Group presented its 2016 results. Klyuchevsky Ferroalloys Works sold 16.3 thousand tons of ferroalloys and ligatures, including 7.9 thousand tons of metallic chromium, up by 17%, 5.7 thousand tons of ferrochromium, down by 11%, and 1.757 tons of other ferroalloys and ligatures, up by 28%. The company also shipped 35.1 thousand tons of slag…
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