Ukraine: separatists blow-in EMZ furnace

Yenakievo Iron and Steel Works, situated on the Russia-supported terrorists-occupied territory, started blowing-in its blast furnace. “After an almost 2-months break the works puts its blast furnace No. 5 into operation. The furnace will allow our rolling companies to operate for a month”, the leader of the so-called Donetsk People’s Republic Alexander Zakharchenko declared. The…

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Ukraine: South Korea imposes duties on ferrosilicomanganese

South Korea is prepared to impose preliminary antidumping duties on the import of ferrosilicomanganese from Ukraine, India and Vietnam. The Korea Trade Commission has completed the preliminary investigation, having found out the damage to local manufacturers done by imports form the three countries. The commission has recommended the Ministry of finances to impose preliminary antidumping…

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Russia: Petropavlovsk profits in 2016

In 2016 Petropavlovsk received $31.7 million of net profits as opposed to $297.5 million of losses in 2015. According to the company statement, its revenue reached $540.7 million, down by 10% YoY. EBITDA increased by 16%, to $200 million. Gold manufacture prime cost dropped by 12%, to $660 per ounce. As of the end of…

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