ArcelorMittal Kriviy Rih intends to invest $375-400 million into development of its business in Ukraine, which will result in the creation of 30 thousand jobs. “I’m sure the strong industry will lead Ukraine to success”, the Prime Minister of Ukraine Vladimir Groysman commented. In October 2016 Groysman made a business trip to Kriviy Rih where…
DetailsAccording to Norilsk Nickel in 2017 it expects the nickel output to reach 206-211 thousand tons against 236 thousand tons in 2016. Copper output is expected to grow by 4.7-7.5% YoY, to 377-387 thousand tons. Palladium output is forecast to total 2636-2732 thousand troy ounces against 2618 thousand troy ounces in 2016. A slight reduction…
DetailsIn 2016 the sheet-rolling shop of Cherepovets Iron and Steel Works, a part of Severstal Russian Steel, started producing over 8 new types of steel at its 5000 mill. In particular, the new types include high-strength F500W steel with the thickness of up to 70 mm, which has passed the certification of the Russian Maritime…
DetailsAccording to the National Statistic Service of Georgia, in 2016 the trade turnover with Turkey, the second largest trade partner of Georgia, reached $1.52 billion, with exports at $173.56 million, down by 7.1% YoY, and imports at $1.35 billion, up by 1.8% YoY. In 2016 Georgia imported 63588 tons of steel pipes from Turkey valued…
DetailsThe Moscow shareholders of Rezhnickel, a part of Rusnickel, have started shutting down the works. Some 850 employees will be sent to forced vacation with two thirds of salary. Around 100 employees will be left looking after the shops. The machinery could be put back into operation as soon as the market situation improves. But…
DetailsIn December 2016 Dneprospetsstal produced 21385 tons of steel, up by 12.3% MoM, as well as 13620 tons of rolled metal, up by 6.5% MoM. The total cost of products manufactured in December 2016 reached 577.574 thousand UAH, up by 14.4% MoM. In 2016 the company produced 237033 tons of steel, down by 3% YoY,…
DetailsIn 2016 the two mining and processing works of Group DF (Mezhdurechensky GOK and Valki-Ilmenit) produced 170.2 thousand tons of 42% ilmenite concentrate (Ti2o). The maximum capacity of Mezhdurechensky GOK is 200 thousand tons of ilmenite concentrate per year, that of Valki-Ilmenit – 65 thousand tons. Group DF investments into the development of the two…
DetailsBecause of the emergency situation in the town of Avdiivka the Avdiivka Coke and Chemical Works has decreased coke deliveries to the Mariupol Ilyich Iron and Steel Works. “Avdiivka Coke is on the brink of collapsing following the constant shelling. Coke deliveries to Ilyich have decreased, and Avdiivka is our only coke supplier at present.…
DetailsThe Antimonopoly Committee of Ukraine has ordered the state enterprise Selidovugol to change the requirements within the tender of coal processing. “Selidovugol stated the necessity to have the car dump. Still it could not prove the necessity to have the car dump while processing coal. This is narrowing the circle of the tender participants. As…
DetailsMetinvest Group’s Avdiivka Coke and Chemical Works in the Donetsk region suspended operation amid a blackout caused by the hostilities but managed to maintain autonomous power generation for the plant and to heat Avdiivka with coke gas. “We managed to maintain power generation and to heat the town with coke gas; we are waiting for…
DetailsShareholders of the private joint-stock company Severniy Mining and Processing Works, a part of Metinvest Group, have sent UAH 11.546 billion to pay dividends for 2014 and previous years. “At a general meeting of shareholders on January 30, it was decided to pay dividends implementing the draft decision,” the company reported. Some UA 1.545 billion…
DetailsShutdown of Metinvest Group’s Avdiivka Coke and Chemical Works (Avdiivka Coke) can lead to a humanitarian disaster in the town. As a result of the shelling that damaged the power transmission lines, the enterprise was experiencing power supply outage and had to proceed to hot mothballing. Should Avdiivka Coke come to a complete halt, the…
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