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ArcelorMittal Kriviy Rih gradually replaces natural gas with bio-fuel when producing lime, a raw material used in making pig iron and steel. The refractory-lime shop has always been one of the largest gas consumers at the works. In addition to gas burners at rotating furnaces No. 4 and 5 the company has assembled bio-fuel burners…
DetailsChelyabinsk Pipe Plant (ChelPipe) has announced early payment of the syndicated loans totaling 80 billion rubles obtained in 2012. The loans were refinanced with funds obtained under credit arrangements signed with VTB Bank, Gazprombank and Sberbank in December 2016. The new loans have been acquired on more favorable terms, which helped the company cut its…
DetailsIn 2016, Zaporizhstal paid a record UAH 3.2 billion in taxes (up by 28% YoY) to the national budget of Ukraine. In 2015, the company paid UAH 2.5 billion in taxes. Tax payments of Zaporizhstal to local budgets increased by 66% (by UAH 255 million), to UAH 640 million in 2016 against UAH 385 million…
DetailsIn 2016 Ukrainian iron and steel works produced 23.5 million tons of pig iron, 24.2 million tons of steel and 21.4 million tons of rolled metal, all up by 8%, 6% and 6% YoY respectively. Exports increased by 0.2% YoY, to 21.4 million tons, valued at $7.2 billion, down by 10.3% YoY. Semi-finished products, rolled…
DetailsIn 2016 Evraz Sukhaya Balka produced 2.563 million tons of sinter ore, down by 8.7% YoY. According to the company statement, in Q4 2016 sinter ore output decreased by 3.3% QoQ, to 618 thousand tons. The company was selling sinter ore in Q4 2016 at $28 per ton, up from $25 per ton in Q3…
DetailsZaporizhstal was the first in Ukraine to get an eco-loan valued at $1 million for the construction of the gas-purifying system within the cooperation with the Ministry of ecology and natural resources and the state-run Ukrgazbank. According to the company statement, the money will be used to disassemble the outdated machinery and assemble a new…
DetailsIn 2016 Seligdar enterprises produced 4332 tons (139.277 ounces) of gold, up by 24.5% YoY. According to the company statement, tin output increased by 6.9% YoY, to 578.618 tons. “Last year we have shown the highest growth of output in our history. For the first time we have exceeded the 4-ton mark”, board of directors…
DetailsGuryevsk Iron and Steel Works has increased the quality of its products sorting. The management of the works pays special attention to the demands of the customers. If the clients want to get a good product, the employees will provide quality metal products. The employees examine each channel, angle, beam and other sections to check…
DetailsThe Ministry of energy and coal industry has increased the sale price of power-generating coal mined by state-run companies by 24.1%, or by 330 UAH, to 1700 UAH per ton. The price increase was announced on December 22, 2016. Last time the ministry increased coal price was on August 1, 2016 – from 1200 to…
DetailsThe public joint stock company Ukrgazvydobuvannya has ordered Interpipe to supply 189.36 million UAH worth of casing seamless steel pipes. By the end of January Interpipe will have supplied 3900 tons of pipes produced at its NTZ works and 100 tons of triangular thread pipes according to D TU 14-3-1557-88 produced by Chelyabinsk Piperolling Works.…
DetailsIn 2016 Ukrainian metal companies consumed 1.74 billion cubic meters of gas, down by 14% YoY. In December 2016 gas consumption increased by 35 million cubic meters MoM, to 190 million cubic meters. Average daily gas consumption in December 2016 went up by 0.9 million cubic meters MoM, to 6.1 million cubic meters. In 2016…
DetailsRussian silver and gold producer Polymetal International will buy 5% in the Prognoz silver field for $3 million through an acquisition of 10% in Polar Silver Resources, which indirectly controls 50% in the field, Polymetal said in a statement. Polymetal also has an option for raising the stake in the field, located in the republic…
DetailsAktau city is planning to build a steelworks in the territory of Aktau Seaport. The project is to be launched from Q1. The plant will produce molded steel and cast iron items for various sectors of national economy. Progressive method – lost foam casting – will be applied at the plant. Its territory will cover…
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