The state enterprise Ukrpromvneshexpertisa forecasts that in November the average ferrous scrap price will increase by 14% MoM, or by 700 UAH per ton, to 5700 UAH per ton. “The price situation is very interesting. The metal makers have been hiding prices from each other. And worked separately with each trader. In fact, the price…Details
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Ukrainian Mining and Metallurgical Company has opened a new metal supermarket in Brovary, Kiev region, increasing its sites number to 26. The decision to open the store has to do with the necessity to service the left bank side of the Kiev region. The square of the warehouse is 2 thousand square meters, allowing storing…Details
Mariupol Ilyich Iron and Steel Works has started constructing a new continuous-casting machine No. 4. The machine is expected to be put into operation in two years, providing for 380 additional jobs, according to the company CEO Yuri Zinchenko. The contract for construction with Primetals Technology (Austria) was concluded in September 2015. The new machine…Details
In January-September companies of the Russian Copper Company Chelaybinsk division (Mikheevsky GOK, Alexandrinskaya Mining and Ore Company, Karabashmed and Kyshtym Copper-Electrolytic Works) earned 31.25 billion rubles, with 6.25 billion rubles of net profits. In particular Mikheevsky GOK received 13.12 billion rubles with 2.97 billion rubles of net profits. Karabashmed earned 6.92 billion rubles, with net…Details
In October Dneprospetsstal produced 22.82 thousand tons of steel and 13.63 thousand tons of rolled metal, up by 8.2% and by 2.2% MoM respectively. The total cost of the products manufactured in October reached 543 million UAH, down by 0.5% MoM. In January-October DSS produced 196.6 thousand tons of steel and 125.02 thousand tons of…Details
In January-September Russia decreased raw titanium production by 2.7% YoY, while the output of titanium-based alloys increased by 13.5% YoY. According to the Federal Service of State Statistics, September output dropped by 2.4% YoY and by 2.8% MoM. At the same time titanium alloys production increased by 13.6% YoY, though falling by 10.6% MoM. (Ukrainian…Details
Mikhail Volynets, the chairman of the Independent Miners Union of Ukraine, believes that the coal industry is in the critical state, and the lack of money makes it impossible to pay salary and develop mines. “Unpaid salary totals 80 million UAH. We don’t understand from where this will be paid. In 2011 the state budget…Details
Olkon (Olenegorsk Mining and Processing Works, a part of Severstal) plans to invest 250 million rubles in 2016 into the modernization of its mining machinery. In particular, the company wants to upgrade two of its dump trucks and two bulldozers. The business development projects will result in the output increase. Olkon plans to increase mining…Details
In January-October Ukraine imported 677.19 thousand tons of manganese ore and concentrate valued at $88.95 million. According to the State Fiscal Service, the largest suppliers were Ghana ($24.66 million, or 27.73% of the total import), SAR ($24.09 million, 27.09%) and Russia ($23.52 million, 26.45%). All other countries supplied $16.66 million worth of manganese ore (18.74%).…Details
In October Oskol Electrometallurgical Works, a part of Metalloinvest, supplied 262 thousand tons of steel via railroad, down by 6.9% MoM and by 2.3% YoY. Local deliveries went up by 3.5% MoM but dropped by 15.5% YoY, to 51 thousand tons. Exports reached 211 thousand tons, down by 9% MoM and up by 1.4% YoY.…Details
Mariupol Ilyich Iron and Steel Works has completed the capital repairs of its converter No. 2. According to the company CEO Yuri Zinchenko, at the same time the gas-purifying machine was also reconstructed. “Now the emissions will drop 3-fold, to 50 mg per cubic meter. The repairs lasted for 80 days, with investments hitting 230…Details