Ukraine: AMKR finishing modernization of sinter machine No. 5

PJSC ArcelorMittal Kriviy Rih started the hot tests of sinter machine No. 5 after its modernization. It was performed as part of the company investment program on modernization of the Sinter Plant No. 2 and improvement of environmental indicators. During modernization of sinter machine No. 5, gas-cleaning plant of wet type was replaced by the…

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Ukraine: Lisichanskugol and Pervomayskugol get 130 million UAH for salary

The state enterprise Lisichanskugol received 104.5 million UAH to clear salary debts to miners, while Pervomayskugol – 29.4 million UAH. According to the Lugansk region governor Yuri Garbuz, debts decreased by 81% and by 89% respectively. “The issue of clearing salary debts, in particular, to the coalminers, is one of the most important, on which…

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Ukraine: coal output down in January 2018

In January Ukraine mined 2.659 million tons of coal, down by 27.3% YoY, or by 1 million tons.

According to the Ministry of Energy and Coal Industry, power-generating coal output dropped by 31.9% YoY, to 2.1 million tons, and that of coking coal – by 2.95%, to 559 thousand tons. (Ukrainian metal)

Russia: Electrozinc commissions gas blower

Electrozinc has commissioned the new gas blower in the compressor department of the sulfur acid shop.

The machinery valued at almost 500 thousand euro was put into operation by the supplier – Piller, Germany.

The gas blower was assembled in September 2017 to replace the outdated blower, which had been operating since 1981. (Ukrainian metal)

Russia: results of NLMK Strategy 2017

Strategy 2017 target of $1 billion annual EBITDA gains has been achieved – Strategy 2017 delivered structural annual EBITDA gain of $1,019 million. Management initiatives contributed around $740 million (over 70%) to the result. The company expects additional gains of around $160 million in 2018 generated by recently completed investment projects. Full self-sufficiency in iron…

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Russia: NLMK IFRS net profit up in 2017

The net profit of Russian steelmaker NLMK jumped by 55% YoY, to $1.45 billion in 2017, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement on February 20. Revenue grew by 32%, to $10.065 billion due to an increase in average prices for metals products, a growth of sales volumes,…

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Ukraine: Donbas miners given 365 million UAH to clear salary debts

The state mines in Donbas have received 365 million UAH transferred to partially clear salary debts.

Vice-prime-minister Vladimir Kistion thanked the ministries involved for quick solving of the problem.

Still, miners are striking at all the four mines of the state enterprise Selidovugol. They demand clearing their January salary debt. (Ukrainian metal)

Russia: KMZ expands geography of ferromanganese sales

In January KMZ shipped 2 railroad cars (120 tons) of ferromanganese to Mongolia.

The shipping of 2 more cars to Darkhan Metallurgia Ltd is planned for February.

Following the successful negotiations with Divatsogt, KMZ will supply ferromanganese to Mongolia on constant basis. (Ukrainian metal)

Ukraine: Ukrvtorchermet to restructure debt to Oschadbank

Ukrvtorchermet has applied for debt restructuring procedure.

The volume of the debt is not disclosed.

Ukrvtorchermet procures and processes ferrous metals scrap and waste.

Metalinvest Ltd LLC owns 98.0344% of the company. (Ukrainian metal)