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Following a request by the non-recognized republics to re-register legal entities in the so-called “DNR” and “LNR”, Metinvest declares a complete loss of control over the operations of all assets on the temporarily non-controlled territory (NCT). Unidentified people arrived at the group’s enterprises and demanded that the assets be re-registered under the jurisdiction of the…
DetailsThe net profit of the metals producer Norilsk Nickel increased by 47%, to $2.531 billion in 2016, as calculated under the International Financial Reporting Standards (IFRS), the company said in a statement on March 15. Revenue fell by 3%, to $8.259 billion. Earnings before interest, taxes, depreciation and amortization (EBITDA) decreased by 9%, to $3.899…
DetailsIn April Ukrainian metal companies expect steel output to drop by 15% form the March planned results, to 1.7 million tons from 2 million tons. According to Ukrmetallurgprom, the April plan also presupposes the decrease in rolled metal output by 16.7%, to 1.5 million tons, and pig iron by 21%, to 1.5 million tons. Such…
DetailsThe Commercial court of the Volyn region has initiated the bankruptcy procedure of the state enterprise Volynugol. The procedure started on March 2. The insolvency case was opened following the claim of the state enterprise Regional Power Grid, which itself has been in the bankruptcy procedure since December 7, 2015. The debt of Volynugol to…
DetailsIn February deliveries of scrap to metal companies decreased by 10 thousand tons MoM, to 220 thousand tons, or the 76% of the necessary volume. Scrap stocks at the metal companies in February decreased by 15 thousand tons, to 105 thousand tons as of March 1. In January-February metal companies received 450 thousand tons of…
DetailsDirectors of DTEK‘s enterprises, such as Komsomolets Donbasu Mine PJSC, Mospyne Coal Refining Company LLC, PEM-Energovuhillia PJSC, Skhidenergo LLC (Zuivska Thermal Power Plant), Donetskoblenergo PJSC, Tekhrempostavka LLC, Sverdlovanthracite LLC, Rovenkyanthracite LLC, Electronaladka LLC, Vysokovoltni Merezhi LLC and DTEK Service LLC, which are situated within the temporarily uncontrolled territories of Donetsk and Luhansk regions, have received…
DetailsThe Kremlin never recommended Metalloinvest and Severstal to start supplying iron ore to the self-proclaimed Donetsk and Lugansk People’s Republics, the Russian president spokesman Dmitry Peskov declared. At the same time, according to him, Russia does everything possible to “ease the situation” on Donbass. Earlier mass media reported on the readiness of the Russian metal…
DetailsAt present Techno Tube, a part of Special Steels and Alloys company, operates 8 pipe-welding lines, including 6 TIG lines and 2 LAZER lines. According to the SSA CEO Semen Serikov, modernization allowed the works to produce 480 tons of welded pipes in December 2016. In 2017 the company plans to start producing 500 tons…
DetailsIn February Ukrainian metal companies decreased gas consumption by 25 million cubic meters MoM, to 175 million cubic meters. Average daily gas consumption totaled 6.3 million cubic meters, down by 0.2 million cubic meters. In January-February metal companies consumed 375 million cubic meters of gas, up by 18% YoY. Average daily consumption totaled 6.4 million…
DetailsOn March 1-13, the average daily metal output dropped by 7-9% MoM. According to Ukrmetallurgprom, as of March 14, 17 out of 28 blast furnaces (61%), 13 out of 21 converters (62%), 7 out of 9 open-hearth furnaces (78%) and 6 out of 16 arc-furnaces were in operation. Alchevsk, Yenakievo and Donetskstal Iron and Steel…
DetailsThe Lugansk regional customs paid 265.4 million UAH to the state budget in January-February, up by 79.6 million UAH YoY. The largest product groups generating imports are coking coal (171.7 million UAH, or 64.8% of the total import revenues), anthracite (27.6 million UAH, 10.6%) and iron concentrates (7 million UAH, 2.7%). Alchevsk Iron and Steel…
DetailsOMZ-Spetsstal, a part of OMZ, has concluded an agreement with the Admiralteyskie Verfy shipyard to deliver metal billets for the Project 636 Varshavyanka submarines. The company will produce billets of special steel grades with mechanical treatment. This is not the first cooperation of the two companies. Previously OMZ-Spetsstal produced and supplied forgings and sheets for…
DetailsOn April 4, the Investment Fund of Kazakhstan will try to sell 29.77% of the Uralsk Metal Constructions and Galvanizing Works shares. The shares are evaluated at 161.2 million tenge. This will be the starting price. As of the date of evaluation (September 30, 2016) the works was idle. (Ukrainian metal)
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