In January Ukraine exported 10.106 thousand tons of ferrous scrap, up 6.6 times YoY, but down MoM, as in December 2016 it exported 20.485 thousand tons. According to the State Fiscal Service, the exports increased 6.2 times, to $2.097 million. Imports in January went up 4.3 times YoY, to 1.882 thousand tons. Turkey (92.3% and…Details
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In January Yuzhniy Mining and Processing Works produced 1.047 million tons of iron ore concentrate, up by 12.9% YoY. According to the company statement, sinter output went up by 37.8% YoY, to 203.9 thousand tons. In 2016 UGOK produced 11282.3 thousand tons of concentrate and 2085.09 thousand tons of sinter. (Ukrainian metal)Details
In 2017 UMMC investments into the capital construction of the Gaysky Mining and Processing Works will reach 2.3 billion rubles (on the last year level). “The major part (1,7 billion rubles) will be spent on the development of the underground mine, which will enable us to yield 7.5 million tons of ore”, the GGOK reconstruction…Details
The Aluminum Association has initiated the organization of the large-scale long section manufacture of aluminum alloys at Russian enterprises. The issue was discussed during the meeting of the association with the leading local aluminum manufacturers and consumers. “Russia does not produce large-scale long sections of aluminum alloys at present and has to import them. The…Details
The nail shop of Severstal-Metiz has put a new line of agglutinate fiber manufacture into operation. The total investments into the project exceeded 45 million rubles. The agglutinate fiber is used to reinforce concrete instead of rebars and welded nets. “This is a unique product for the Russian market. It has increased anchoring properties and…Details
Following the results of the first half-year of 2016, 11 members of the management team of Metinvest received $6 million. They are: Yuri Ryzhenkov, CEO, Yuliya Dankova, financial director, Alexander Pogozhev, metallurgical division director and acting director of mining division, Oleg Tokar, industrial safety and ecology director, Svetlana Romanova, legal issues director, Dmitry Nikolayenko, sales…Details
Sergey Sidorkov has been appointed the acting investments director of Severstal Russian Steel. Previously he worked as the director of the center on investment projects. In his new office Sidorkov will continue the implementation of the investment program. (Ukrainian metal)Details
In January Ukrainian metal companies increased revenue from ferrous metals exports by 71.9% YoY, to $654.819 million. According to the State Fiscal Service, ferrous metals accounted for 21.64% of the total exports as opposed to 18.64% in January 2016. In December 2016 ferrous metal exports earned Ukraine $621.784 million. At the same time in January…Details
In January Mariupol Ilyich Iron and Steel Works produced 236 thousand tons of rolled metal, up by 33.3% YoY. According to the company statement, it also produced 249 thousand tons of steel and 242 thousand tons of pig iron, up by 24.5% and down by 17% YoY respectively. In December 2016 Mariupol Ilyich produced 201…Details
Selidovugol has sent official letters to its counteragents asking to decrease purchasing prices in contracts. According to the company managers, they were able to decrease the cost of some contracts, needed to put new long faces into operation, by 8-10%, or by 6 million UAH. The long faces being operated at Selidovugol will provide work…Details
Ukraine and USA have started negotiations on coal deliveries, as an alternative to coal supplies from the occupied territories. According to a participant of the negotiations, an energy market expert Vitaly Kropachev, after the meeting with the US Ministry of Energy it was decided to create a working group to develop options. “We have discussed…Details
In 2016 Zoloto Kamchatki, a part of Renova, increased gold output by 114% YoY, to 175.25 thousand ounces (5451 kg), and that of silver – by 309% YoY, to 247.35 thousand ounces (7694 kg). Gold sales in 2016 went up by 131%, to 173.68 thousand ounces, at the average price of $1251.66 per ounce. The…Details
In January Ukraine imported 76.144 thousand tons of coke valued at $17.183 million, down by 14.4% YoY and up by 44.5% YoY respectively. According to the State Fiscal Service, the main suppliers of coke were Russia (51.37%), Poland (47.8%) and the Czech Republic (0.83%). At the same time, coke exports increased by 30.1% YoY, to…Details