Ukraine: UGOK output up in November 2016

In November Yuzhniy Mining and Processing Works produced 997.1 thousand tons of concentrate, up by 12.5% YoY. According to the company statement, sinter output went up by 43.1% YoY, to 169.49 thousand tons. In January-November concentrate output dropped by 2.2% YoY, to 10249.9 thousand tons, while that of sinter increased by 27.8%, to 1906.39 thousand…

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Russia: rail output up in January-October 2016

In January-October rail output increased by 34.1% YoY, to 991.5 thousand tons, mostly due to the increase in Russian Railroad (RZHD) purchases. By 2030 RZHD plans to have constructed 13.8 thousand km of heavy weight transportation railroads, as well as 10.5 thousand km of high-speed railroads, which in its turn will increase cargo transportation 1.5-fold,…

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Ukraine: ferrous exports revenue down in January-November 2016

According to the State Fiscal Service in January-November Ukrainian metal companies revenue from ferrous metals exports dropped by 11.8% YoY, to $6625.749 million. In November revenues from ferrous exports reached $632.86 million. Imports in January-November totaled $732.992 million, up by 13.9% YoY, with $58.416 million in November. (Ukrainian metal)

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Ukraine: DTEK losses to drop in 2016

In 2016 DTEK financial results will be negative. “We will have losses, but not that much as in the two previous years”, the company CEO Maxim Timchenko said. The losses decrease has to do with the re-evaluation of the company credit portfolio, decrease in exchange risks and world coal price rise. “This year the situation…

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