In March Ukrainian metal companies received 265 thousand tons of scrap, up by 45 thousand tons MoM, and 85% of their total needs. In March their scrap stocks decreased by 10 thousand tons, to 95 thousand tons. As of January 1, their stocks totaled 190 thousand tons. In Q1 metal companies received 715 thousand tons…
DetailsThe general manager of Mariupol Ilyich Iron and Steel Works Yuri Zinchenko hopes the Ukrzaliznytsia scrap tenders will be transparent and aiming at the interest of business. “Ukrzaliznytsia has finally announced the long-awaited tenders to sell scrap. We’ve been waiting for almost 2 years. We hope that local iron and steel works get this scrap,…
DetailsPrime Minister of Ukraine Volodymyr Groysman has supported the introduction of a temporary moratorium on the bankruptcy of coal mining enterprises. “The norm on the moratorium on bankruptcy should be temporary to conduct restructuring, because I believe that some people dishonestly exploit Ukrainian legislation to block the work of Ukrainian mines. I support, and I…
DetailsRussian Copper Company (RCC), the country’s third largest copper producer, may acquire 50% in the Udokan copper deposit, Alisher Usmanov, the founder of USM Holdings, which owns Baikal Mining Company, the operator of the Udokan deposit, said on April 12. “We are in active talks with banks and partners from Russian Copper Company on cooperation…
DetailsRussian hydropower giant RusHydro’s board of directors will consider participating in construction of aluminum giant UC RUSAL’s Taishet Aluminum Smelter on April 19, after a strategy committee has discussed it. The participation plan includes creation of a special purpose vehicle with RUSAL to raise $1.1 billion project financing, of which about $200 million will be…
DetailsThe Metinvest mining and metal group has warned individuals and legal entities that are both residents and nonresidents of Ukraine against the illegal use of its property remaining at the enterprises in the non-controlled territory (NCT) that have taken over by representatives of the so-called “Donetsk People’s Republic” (DPR) and “Luhansk People’s Republic” (LPR). The…
DetailsMakeevka Metal Works, seized by the militants of the terrorist organization DPR, has supplied the first batch of wire rod of 1 thousand tons to the Khartsyzsk steel wire and rope works Silur, also controlled by the militants. According to the press service of the so-called ministry of industry and trade of the DPR, the…
DetailsThe sinter shop is the first link in the manufacturing chain of the Nadezhdinsky Iron and Steel Works. To improve the quality of the semi-finished products the works will invest 57 million rubles into the shop modernization. The construction work will begin in late May – early June. The new screen and crusher will be…
DetailsVSMPO-Avisma is negotiating the prolongation of its contract with Airbus. The corporation currently has some 3 score long-term contracts, including some for 10 years. “The Airbus contract expires in 2020, and we have already started negotiations to prolong it. Contracts with Boeing have recently been prolonged to 2022 and 2025”, VSMPO-Avisma marketing and sales deputy…
DetailsUkrzaliznytsia has announced 2 tenders to sell ferrous scrap. According to the company statement, registration is open until April 21. The auctions will held on April 25. The first lot features 24 thousand tons of steel scrap valued at 122.76 million UAH. The second is 22 thousand tons of steel scrap No. 4 (wheels, beams,…
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