Only 18% of Ukrainian state mines work without losses. The cost of coal, which is a part of the electricity production tariff, is 1730 UAH per ton. “At present the gas-generating coal is sold at 1730 UAH per ton, but on the Ukraine-controlled territory there are now only 4 mines that fall under this price”,…Details
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A new subsidiary of Evraz Metal Inprom has been opened in Yuzhno-Sakhalinsk. Its goal is to increase sales on the island and the company share in the region by 10%. Evraz ZSMK has already shipped the first rolled metal to Yuzhno-Sakhalinsk. The first steps to expand the company presence in the Far East were taken…Details
In 2017 Electrozinc, a part of UMMC, will continue shipping dump clinker for processing at the industrial enterprises of Ural. According to the agreements, the volume of product, received in the process of zinc manufacture, will increase from 21.9 thousand tons in 2016 to 32 thousand tons. Since the year-start over 1 thousand tons of…Details
In 2016 Amurmetal produced 185.52 thousand tons of steel, down by 65.5% YoY. In H2 2016 the company decided to concentrate its activities on the local market, thus stopping all exports in Q4 2016. In 2016 Amurmetal exported 103.83 thousand tons of metal, or 50% of the total sales. The main consumers were Vietnam, Thailand,…Details
In 2016 Ukraine imported 933,408 tons of anthracite valued at $68.663 million, which is equal to average price of $73.60 per ton. According to the State Statistics Service, 566,721 tons of anthracite for $45.769 million ($80.80 per ton) were imported from Russia and 366,659 tons for $22.88 million ($62.40 per ton) from South Africa. In…Details
In 2016 ArcelorMittal Berislav decreased its net losses 3-fold YoY, to 13.66 million UAH. The company assets last year increased by 28.1%, to 34.321 million UAH. Its current liabilities went up by 12.8%, to 184.3 million UAH, and the company has no fixed liabilities. The total debt increased from 16 thousand UAH in 2015 to…Details
In January the Moscow subsidiary of the First Cargo Company increased throughput by 35% YoY, to 173 thousand tons. The main cargo was ferrous metals, scrap, chemical and mineral fertilizers. The increase was due to the high demand for ferrous metals and scrap on behalf of the machine-building enterprises of the Central and Southern districts…Details
Evraz ZSMK has put into operation two gas-and-dust separators systems. According to the company statement, the new machines are used to clean air of premises originating from the process of sinter manufacture. The project presupposes putting into operation 2 more machines by 2019. The investments into the project totaled 350 million rubles. For the past…Details
Ufaleinickel will halt its operation on April 1. The corresponding decision has been taken by the shareholders because of the unfavorable financial and economical situation. The employees will be sent in idle vacation with 2 thirds of the average salary. The company started experiencing problems after the world nickel prices dropped and coke prices increased.…Details
Sergey Plichko, the deputy financial director, deputy chief accountant on finances has been appointed the new acting financial director, chief accountant of ArcelorMittal Kriviy Rih. For the past 5 months the acting financial director, chief accountant has been Igor Kublitsky, though his appointment has to end on June 30. Sergey Plichko has been appointed till…Details
VSMPO-Avisma has increased its business-plan for 2017 by 11.5% as compared with the plan for 2016. According to the company statement, all the titanium divisions have enough orders. The company also implements a new planning tool. “The idea is that we will be able to see the production picture more clearly and we will know…Details
In 2016 the Warehouse complex of ChTPZ sold over 265 thousand tons of pipes of Chelyabinsk Pipe Works and Pervouralsk Pipe Plant. In May 2016 a new, 14th, subsidiary of the Warehouse complex was opened in Bataisk, Rostov region. In 7 months it has sold around 4 thousand tons of pipes. A centralized logistics service…Details
In January, according to the railways statistics, direct deliveries of ferrous scrap to the Magnitogorsk Iron and Steel Works totaled 98 thousand tons. This is down by 42.7% MoM, but up almost 5 times YoY. This is also the highest result for January for the last 10 years. And MMK is still the leader in…Details