Standard & Poor’s Ratings Services (S&P) has revised its outlook on Metalloinvest from Negative to Stable. S&P also affirmed the company’s ‘BB’ long-term corporate credit rating. According to S&P’s latest report, the upgrade to a Stable outlook reflects positive iron ore price trends, as well as actions taken by Metalloinvest’s management team to deleverage and…Details
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Yenakievo Iron and Steel Works and Krasnodonugol, both subsidiaries of Metinvest Group, have halted operations. Production has been disrupted by the ongoing armed hostilities and a blockade of railway transportation between the controlled and the uncontrolled territory of Ukraine. Since the beginning of the conflict in the region, Yenakievo Steel has experienced erratic supplies of…Details
PJSC “ArcelorMittal Kriviy Rih”, the largest mining and metallurgical plant of Ukraine, will invest $400 million (CAPEX and OPEX) in the development of the plant in 2017. The company will invest funds in modernization of production, improvement of the environment, capital repairs of equipment and construction of new units, including the second LF-CC and coke…Details
Coal stocks in warehouses of thermal power plants (TPP) in Ukraine in the period from February 12 to February 19, decreased by 1.6% (by 24,000 tons), from 1.53 million tons to 1.506 million tons. According to Ukrenergo, in particular anthracite coal reserves during this period decreased by 4.8% (by 40,000 tons,) to 802,000 tons (including…Details
Instead of the anthracite coal from the uncontrolled territories Ukraine could import it from Russia or South African Republic, but in this case it would be twice expensive. “We could find alternative sources at once. But what do we change? We could import Kuzbass coal, but pay Russian miners instead of our own. And instead…Details
The Kaltan open-pit mine yielded the 100-millionth ton of coal. This is the result of Osinikovskoye and Kaltansky field miners operation since each field has been put into operation. The Kaltan open-put mine was created in 2009 by merging Kaltansky open-pit and Osinnikovsky open-pit. The first ton of Osinnikovsky coal was mined in 1980, and…Details
Kraft Group is carrying out regular deliveries of rolled metal for the construction of the Kalininsko-Solntsevskaya line of the Moscow subway. The metal is supplied to the construction sites from the Ramenki station to the Novoperedelkino station. The company supplies rebars, wire, mesh, pipes and shapes. (Ukrainian metal)Details
The Stupino Metallurgical Company, Moscow region, has finished assembling and put into operation the new soaking pit, which now operates together with the first pit, put into operation in 2014. The new pit replaced 2 outdated annealing furnaces, disassembled in shop No. 520. They didn’t comply with the modern requirements on energy efficiency and product…Details
Over 6 thousand tons of double tees made by Evraz NTMK were used in the construction of the large housing complex in the “Legends Park” in Moscow. In Q1 the company will supply 1.7 thousand tons more. The usage of the double tees in the project allows applying the steel frame construction technique, which is…Details
In 2016 Russia exported 22.4 tons of gold, down by 43% YoY, while the output remained on the previous year level. Though there is still no data on January-November 2016 output the Union of gold-miners expects the figure to be on the level of 295-297 tons. Central bank bought the most gold on the local…Details
In 2016 Nikolaev Alumina Works produced 1.51 million tons of alumina, up by 2% YoY. In Q4 2016 the company produced 407 thousand tons of alumina, up by 12.3% QoQ. Under the project to increase alumina output to 1.7 million tons the works invested $7 million in 2016. This year NGZ intends to keep increasing…Details
Uralelectromed, a part of UMMC, has finished the repairs of its shaft kiln, one of the main equipments to produce wire rod. The repair cost around 10 million rubles. According to the department director Maxim Prosvetov, the repair was carried out in 20 days. 80 tons of refractory materials were used in the kiln modernization.…Details
The town of Avdiivka, Avdiivka Coke and Chemical Works and the Donetsk filtering plant have been cut off the electricity grid following the shelling. “One of the two water-heating boilers is operating, we will be providing heat but at a lower volume”, the company CEO Musa Magomedov reported. On January 30, the plant was completely…Details