In 2013-2017 the market of stainless pipes witnessed a growth trend (by 26 thousand tons, or by 54%). This was mostly the result of the welded pipes consumption growth (by 20 thousand tons, or by 80%). In 2017 there was a sharp increase in demand for seamless stainless pipes, as the volume of the market…Details
Oleg Deripaska, the major shareholder of Russian aluminum giant UC RUSAL, was included in a list of candidates to a new board of directors of metals giant Norilsk Nickel, Norilsk Nickel said in a statement on April 5. RUSAL, which owns 27.8% in Norilsk Nickel, nominated a total of five people to the company’s board,…Details
In 2018 Mechel intends to reach coal output at the level of 23.3 million tons. “In particular, UKUZ is expected to yield 9.5 million tons, Yakutugol – 8.5 million tons and Elga – 5.3 million tons. Coking coal concentrate will total 10.7 million tons. Power-generating coal output – 5.8 million tons”, the company CEO Oleg…Details
The minister of energy and coal industry Igor Nasalik has called on the Verkhovna Rada to provide funds to modernize the coal industry. “Without financing and investments in modernization the coal industry will not develop. The ministry has designed a plan to reform the industry, but so far we have not found funds. If this…Details
The European Union decided to stop the antidumping investigation on the imports of ferrosilicon from Ukraine and Egypt.
The European Commission announced the cancellation of the investigation on April 4, as the Association of European ferro-alloy Producers had revoked its application on February 27.
The antidumping investigation began in August 2017. (Ukrainian metal)
The prices of gold, platinum and palladium decreased in Azerbaijan on April 6, while price of silver increased, according to the data published by the Central Bank. The cost of gold decreased by 0.646 manats, to 2257.855 manats per troy ounce compared to the price on April 5. The cost of silver increased by 0.17…Details
Kirov Non-Ferrous Metals Processing Works in 2017 received 26 million rubles of losses, as opposed to three years of profit. Thus, in 2016 the company received almost 130 million rubles of net profit. In 2015 and 2014 the net profit totaled 81 million rubles and 51 million rubles respectively. Revenue last year reached 8.84 billion…Details
Rusal has started mining for bauxites at the Verkhne-Schugorsky deposits in the Republic of Komi. The balance reserves of the new deposits total 65 million tons of ore, enough for 20 years of development. In mid-March the Vezhayu-Vorykvinskoye deposits yielded the 40-millionth ton of bauxites, and the reserves are quickly depleting. Hence, the opening of…Details
This year Dalpolymetall intends to mine 841 thousand tons of polymetalic ore. In particular, the increase will result from the start of the Verkhniy quarry operations. At present Dalpolymetall deposits are united into two clusters – Nikolayevsky mine with Korolevsky site and the Verkhniy quarry. Since the start of the year the company has invested…Details
In 2017 Krasniy Octyabr produced 37.48 thousand tons of stainless steel, while Zlatoustovsky Electrometallurgical Works – 17.48 thousand tons.
The combined output reached 54.96 thousand tons, up by 20% in three years.
This year output is expected to grow by 5%. (Ukrainian metal)
In January-March Ukrained increase ferrous scrap exports 3.6-fold YoY, to 140.116 thousand tons, valued at $47.788 million, up 4.1-fold. According to the State Fiscal Service, in March Ukraine exported 53.558 thousand tons of scrap, in February – 52.634 thousand tons, and in January – 33.814 thousand tons. Imports in 3 months increased by 28.6%, to…Details
There was a heavy smoke in the Pavlogradskaya mine of DTEK Pavlogradugol.
According to the company statement, 175 employees were evacuated.
The smoke arose as the cable caught fire. The fire was soon extinguished.
There were no casualties. (Ukrainian metal)
In January-March Ukraine increased coal imports by 57.6% YoY, to 5.745 million tons valued at $760.468 million, up by 33.5%. According to the State Fiscal Service, Russia supplied $472.397 million worth of coal (62.12%), USA – $219.929 million (28.92%), Canada – $48.365 million (6.36%) and other countries – $19.777 million (2.6%). In 3 months Ukraine…Details
Russian aluminum giant UC Rusal plans to launch $216-million production at the world’s largest bauxite field Dian-Dian in Guinea at the end of April, CEO Vladislav Solovyov declared on April 5. “We will launch the 3-million ton mine until the end of April. We have plans to expand capacity to 5 million tons, but it…Details
The Verkhovna Rada Committee on industrial policy and entrepreneurship has approved the draft decree No. 8226 on amendments to the decree “On amendments to some decrees of Ukraine on the decrease of ferrous metals scrap shortage on the domestic market”. “Ukrainian plants will have raw materials, army – weapon and machines, and Ukrainians – jobs…Details
In 2017 Mechel decreased coal output by 9% YoY, to 20.638 million tons. According to the company statement, its steel output grew by 1%, to 4.274 million tons, while pig iron manufacture dropped by 1%, to 4.029 million tons. Coalmining in Q4 2017 decreased by 8% QoQ, to 4.944 million tons, steel output grew by…Details
Metinvest has issued two Eurobond lots with maturity on April 23, 2023 for the amount of $825 million and with maturity on April 23, 2026 for the amount of $525 million. According to Bloomberg, the interest rate is 8%. The 5-year bonds have been issued at 98.986% of the nominal value. The 8-year bonds have…Details
In February pig iron output in the world dropped by 2.18% YoY, to 90.084 million tons. According to the World Steel Association, the first place is occupied by China (53.775 million tons, down by 3.2% YoY). Ukraine is on the ninth position with 1.625 million tons, slightly short of US’ 1.8 million tons, but far…Details
The board of directors of Russian hydropower giant RusHydro have approved the company’s $319.5 million participation in the long-running construction of the Taishet smelter of aluminum giant UC Rusal, RusHydro said in a statement on April 5. “The cost of RusHydro’s participation in the project stands at no more than $319.5 million (RusHydro’s stake in…Details
The increased antidumping duties on railroad wheels made in Ukraine are in effect on the territory of the Eurasian Economic Union (Russia, Kazakhstan, Belarus, Armenia and Kyrgyzstan) from April 5. Previously the duty was 4.75%, now it is 34.22%. The decision was made on February 28. The previous duty was set in 2016, but it…Details
In January-March Ukraine exported 9.487 million tons of iron ore raw materials valued at $700.842 million, up by 6.6% and by 4.5% YoY respectively. According to the State Fiscal Service, exports mostly went to Slovakia (15.81%), China (15.93%) and Poland (14.55%). At the same time Ukraine imported 9.006 thousand tons of iron ore raw materials…Details
In Q1 Ferrexpo produced 2.585 million tons of iron ore pellets, down by 1.5% YoY. According to the group statement, it produced 149.9 thousand tons of pellets of 62% iron contents ore and 2.435 million tons of 65% ore. Manufacture of pellets of its own ore dropped by 1.6%, to 2.571 million tons, while of…Details
DTEK Dobropolye Central Processing Factory has completed the second project on lighting system replacement. 130 LED-lamps have been installed at the conveyer site, with 3.5 km of cable replaced. The company intends to reach 85% of savings on lighting there. This will allow it saving some 500 thousand kW-h, or 840 thousand UAH per year.…Details
Teams of DTEK Pervomayskoye and Ternovskoye Mine Groups on March 29 mined their first million tons of coal since the beginning of the year. In the Ternovskoye mine department, the mining areas No. 1 led by Vladimir Romankov and the site No. 6 led by Sergei Somchenko, were particularly distinguished. Both teams have already produced…Details
Ukraine’s Cabinet of Ministers has obliged state-owned coalmines, which have accumulated significant wage debts owed to coalminers, to funnel 70% of proceeds from coal sales into the repayment of the delayed wages. The relevant decision was made at a government meeting on April 4. “It is proposed to adopt a protocol decision, which stipulates that…Details
According to the Public Relations and Media Department of the Government of the Kyrgyz Republic, Prime Minister Sapar Isakov met with the Director of Centerra Gold Inc. Scott Perry. They discussed the prospects of the company’s development and expressed interest in deepening cooperation. The head of government noted that the Kyrgyz Republic and Centerra Gold…Details