In December Ukrainian metal companies plan to produce 2.1 million tons of steel, 2 million tons of pig iron and 1.8 million tons of rolled metal. According to Ukrmetallurgprom, the forecast for November was 1.9 million tons of steel and pig iron each, as well as 1.7 million tons of rolled metal. In October Ukraine…Details
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Zaporizhstal is negotiating a $1.3 billion loan for construction of the converter shop. “We are actively discussing this with banks and financial institutions. But it’s difficult to get investments under current circumstances in Ukraine, although the situation has normalized compared with last year”, the company CEO Rostislav Shurma said. According to him, the negotiations are…Details
In January-October Donetsk region increased industrial output. In particular in metal and metal wares manufacture the increase reached 6.6% YoY, in mining – 7.1%, in coke and by-product coke manufacture – 18.7%. In October coke production dropped by 5.9% YoY, mining – by 5.2%. Metal and metal wares manufacture went up in October by 1.6%…Details
Month Russian market, $/t, EXW, without VAT, $1/RUR62.9* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.496* min max min max September 376 458 341 386 October 424 455 348 402 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 31.10.16 according to the National Bank of Ukraine and the Central Bank of the…Details
GoldBridges Global Resources intends to increase gold output in 3 years and pay dividends after it switches to mining at its Sekisovskoye gold and silver mine in Eastern Kazakhstan. In October the mine processed 20.19 thousand tons of ore and plans to reach 25 thousand tons in December, with 42 thousand tons in 2017. The…Details
Anglo Asian Mining has decreased its forecast for gold output in 2016 after the gold quality at Gadir mine dropped. This year the gold output target has been decreased to 67-69 thousand ounces from 69-71 thousand ounces. The company also reported that the Gedabek project had been connected to the National power system of Azerbaijan,…Details
Month Ukrainian market, $/t, without VAT, EXW, $1/UAH25.496* Export, Ukraine, $/t, FOB Black sea ports Export, Russia, $/t, FOB Black sea ports min max min max min max September 250 426 315 325 315 345 October 332 448 330 352 330 350 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 31.10.16…Details
Mednogorsk Copper-Sulfur Works, a part of UGMK, has put a new oxygen station into operation with the capacity of 5.366 thousand cubic meters per hour. The current shop of technological oxygen was constructed in 1986. The new station will allow the company to increase copper output. The construction of the first stage will determine further…Details
Kazatomprom chairman Askar Zhumagaliev has visited China and negotiated with the management of CGNPC and CNNC. The parties discussed the nuclear energy industry development, uranium mining and transit through China, as well as delivery of the high-quality uranium to China. Askar Zhumagaliev invited his Chinese colleagues to take part in the Astana EXPO-2017 and show…Details
Month Russian market, $/t, FCA, without VAT, $1/RUR62.9* min max September 64 189 October 64 191 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 31.10.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal) Dear colleagues! From 2017 the monthly metal price monitoring…Details
Evraz ZSMK continues its program of capacity improvement. In 2016 it spent around 3 billion rubles on capital repairs and development. Its main project this year was the reconstruction of the continuous casting machine. The company also carried out overhauls at its two blast furnaces. In 2017-2018 Evraz ZSMK plans to invest 5 billion rubles…Details
Metal companies, including Zaporizhstal, are the main donors of the state budget in the Zaporozhye region. According to the Specialized State tax inspection for major taxpayers in Zaporozhye director Roman Afonov, metal companies provide for some 20% of all tax income in the region. “From the beginning of the year major tax payers paid around…Details
Month Russian market, $/t, EXW, without VAT, $1/RUR62.9* min max September 561 638 October 569 638 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 31.10.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal) Dear colleagues! From 2017 the monthly metal price monitoring…Details