In October the Russian Railways shipped 103.4 million tons of cargo, down by 3.3% YoY. Local shipping dropped by 6.8%, exports went up by 3.7%. Coal transportation totaled 28 million tons, down by 4.5%, iron and manganese ore – 8.9 million tons, down by 5.4%. At the same time ferrous scrap transportation went up by…
DetailsThe state will invest 250-300 million UAH into the construction of Novovolynskaya No. 10 mine in 2017, thus putting it into operation, energy and coal industry minister Igor Nasalik said. Novovolynskaya No. 10 mine is expected to produce 900 thousand tons of coal per year, its reserves are estimated at 37 million tons, thus it…
DetailsMonth Ukrainian market, $/t, without VAT, EXW, $1/UAH25.897* min max August 346 379 September 340 441 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 30.09.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)
DetailsKonstantin Zhevago has left the supervisory board of Poltava Mining and Processing Works, the largest iron ore pellets producer in Ukraine. According to the company statement, Zhevago resigned on October 19. His office ended on November 3. He has been in the supervisory board for 20 years, but directly owns no PGOK shares. (Ukrainian metal)
DetailsEnergomashspetsstal will supply a large batch of rolls with mechanical treatment to Eurohuolinta Oy. According to the company statement, the rolls weighing 490 tons will be shipped to Finland in January-February 2017. EMSS will produce 76 rolls. They will be used to produce electric machines. The companies have been cooperating for 10 years. (Ukrainian metal)
DetailsIn October the mines situated on the territory of Russia-supported terrorist organization Donetsk People’s Republic mined 1.03 million tons of coal. In particular, the DPR Ministry of coal and energy-controlled mines yielded 512.47 thousand tons of coal. Donbass Mine Group yielded 125.5 thousand tons of coal, Torezantrazit – 108 thousand tons, and Shakhterskantrazit – 95.2…
DetailsMagnitogorsk Iron and Steel Works has started construction of a new sinter plant as part of its long-term development strategy announced in November 2015 to increase efficiency and reduce costs. Commissioning of the new sinter plant will provide MMK’s blast furnaces with high-quality sinter produced using state-of-the-art energy-saving and environmentally safe technologies. The new plant…
DetailsMonth Russian market, $/t, EXW, without VAT, $1/RUR63.16* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.897* min max min max August 135 154 144 158 September 146 173 160 167 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 30.09.16 according to the National Bank of Ukraine and the Central Bank of the…
DetailsNLMK Group, an international steel producer with operations in Russia, Europe and the USA, is opening NLMK Europe’s Project Office, a new division for integrated planning and implementation of investment programs at the group’s European facilities. Konstantin Lagutin, NLMK Group’s VP for Investment Projects, said: “The new project office will allow us to integrate our…
DetailsMetal output in January-September decreased by 5.8% YoY, against the 6.5% increase in January-September 2015. According to the National Statistic Service, ferromolybdenum output went up by 8.1% YoY, to 4614 tons, with 718 tons produced in September, up by 12% MoM. Molybdenum concentrate production increased by 0.5% YoY, to 7970 tons, with 925 tons produced…
DetailsMonth Russian market, $/t, EXW, without VAT, $1/RUR63.16* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.897* min max min max August 406 679 376 398 September 410 679 387 406 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 30.09.16 according to the National Bank of Ukraine and the Central Bank of the…
DetailsIn January-September Raspadskaya, a major coking coal producer within Evraz Group, received 8.22 billion rubles of net profits, as compared to 2.8 billion rubles of losses last year. The company revenue totaled 5.89 billion rubles, down by 17.9% YoY (7.17 billion rubles). Its EBITDA increased to 8.87 billion rubles from the losses of 3.49 billion…
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