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Evraz has paid some of its loans to a number of banks in Kazakhstan in advance. According to the group statement, it has cleared $120 million of its pre-export financing loan of $500 million, $81 million of the $125 million loan from Unicredit, and $87 of $100 million from Nordea. The Kazakhstan Bank on Development…
DetailsEnergomashspetsstal will produce working rolls for two ArcelorMittal works. According to the company statement, it will supply 4 working rolls for hot-rolling to Belval & Differdange. According to the contract, the rolls will be delivered in Q3. Their total weight is 130 tons. For ArcelorMittal Kriviy Rih EMSS will produce 8 rolls with the total…
DetailsIn 2016 scrap procurement dropped to 3.5 million tons, the lowest result in the last 20 years. The main reasons for this are the thinning of the main sources of raw materials, machine-building stagnation, decrease in dollar purchasing prices, etc. “Ukraine has a considerable reserve of the outdated metal. The total volume is 600 million…
DetailsOn March 10, Zaporizhstal started delivering metal to its customers by way of rivers after a three-months winter break. This year the company plans to supply around 600 thousand tons of metal by river to Bulgaria, Turkey, Serbia, Greece and Romania. “Water transportation has undeniable logistics advantages compared with other means of transportation. We systematically…
DetailsIn January salary debts to state miners increased by 96.6%, to 70.97 million UAH. According to the Ministry of energy and coal industry, as of January 1, 2017 the salary debt stood at 36.09 million UAH. From January 1, the ministry has increased the selling price of the power-generating coal, yielded by state mines, by…
DetailsIn January-February Russian ports transshipped 114.8 million tons of cargo, up by 8.2% YoY. According to the Association of the Sea Trade Ports, the positive dynamics was the result of the increase in coal throughput (by 15.2% YoY, to 20.9 million tons) and ferrous metals (by 2.5%, to 4.5 million tons). (Ukrainian metal)
DetailsIn February Amurmetal, the only ferrous metallurgy enterprise on the Russian Far East, received 4.6 thousand tons of scrap via railroad, up 4 times MoM, but down almost 8-fold YoY. According to the railroad statistics, in January-February railroad deliveries of scrap totaled 5.85 thousand tons, an absolute minimum in the last several years. (Ukrainian metal)
DetailsThe ore reserves of the Russian silver and gold producer Polymetal International fell by 5%, to 616 tons, in 2016, the company said in a statement on March 14. “Polymetal’s ore reserves decreased by 5%, to 19.8 million ounces of gold equivalent mainly due to mining depletion and a downgrade at Varvara, which were partially…
DetailsIn January-February the gold-mining companies of the Magadan region yielded 2133 kg of gold, up by 693 kg YoY. Last year the region mined 28 tons of gold. This year the local authorities set a new target – 30 tons. The Pavlik deposits of Arlan are set to increase output by 1.5 tons. (Ukrainian metal)
DetailsIn 2017 Ukrainian thermal and steam power plants will consume 25.9 million tons of coal. 5.6 million tons will have to be imported, according to the Ministry of energy and coal industry fuel balance forecast. In 2017 Ukraine will have to import 733.4 thousand tons of gas-grade coal from Poland, 69.5 thousand tons of anthracite…
DetailsThe energy supplies to the Avdiivka Coke and Chemical Works have been renewed. “Avdiivka and the works have received electricity. Repairs to be continued. We don’t know what tomorrow brings, but as for now Avdiivka Coke is operational”, Metinvest reported. The energy supply to the works has been several times stopped this year because of…
DetailsAccording to the Chelyabinsk region authorities negotiations are underway with 3 companies interested in buying Ufaleinickel from the current owner. At present the work is idle. 700 employees have nothing to do, and 500 of them have received notification on resignation. The Verkhny Ufalei town council is engaged in creation of new and temporary jobs…
DetailsChelyabinsk Iron and Steel Works, a part of Mechel, has carried out the scheduled repair of its 2300 hot-rolling mill. The overhaul has been conducted by the works’ employees. The scheduled repairs will ensure the stable and effective operation of the mill until the next overhaul. (Ukrainian metal)
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