In 2016 ArcelorMittal Kriviy Rih intends to produce 7 million tons of steel. “That’s up by 10% of the plan”, the company CEO Paramjit Kahlon said. According to him, despite the high output capacities, the company experiences difficulties with raw material deliveries. In particular, AMKR has to import coal, coke and lime, as it can’t…Details
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In January-November Zaporozhogneupor increased refractory concrete and mass output by 14% YoY, or by 0.245 thousand tons, to 2 thousand tons. In November the company produced 165 tons of refractory concretes and masses, down by 2% YoY, or by 3 tons. Mixes output in January-November went up by 38% YoY, or by 1.433 thousand tons,…Details
The Korean Trade Commission (KTC) has announced its intention to initiate an antidumping investigation on ferromanganese and silicomanganese products imported from Vietnam, Ukraine and India. The move followed a petition lodged by Korean businesses namely Dongbu Metal, Simpac Metal, Simpac Metalloy and Taekyung Industrial. The period subject to investigation is between July 1, 2015 and…Details
Metinvest B.V. (the Netherlands), the parent company of Metinvest international vertically integrated mining and steel group, in January-September saw consolidated EBITDA rise by 21% YoY, to $989 million. According to preliminary financial results, its revenues during the reporting period fell by 15%, to $4.568 billion, while capital investment rose by 4%, to $199 million. Metinvest…Details
The cargo department at the railroad shop of the Sredneuralsky Copper Works, a part of UMCC, has purchased a new crane. The machinery costs around 12 million rubles. The crane will be used as a vibrounloader. It will be unloading open wagons with quartzite used in copper smelting. The old crane was built in 1965,…Details
Volzhsky Pipe Works, a part of TMK, has reached its annual continuous cast billet sales target ahead of time, having supplied over 129 thousand tons by December. Romania, Austria and Germany were the main consumers. The rest was sent to Sinara Pipe Works. VTZ is expected to overcome its target by 23% in 2016. (Ukrainian…Details
Izhorsky Pipe Works, a part of Severstal, has successfully passed the inspection audit on the correspondence of its quality management system to the Gazprom 9001-2012 requirements. This standard is used in design and manufacture of steel electric-welded large diameter pipes with inner and outer coating for the gas pipeline construction. “The quality management system is…Details
Severstal-Metiz, a part of Severstal, has put a new patenting mill into operation, having completed another stage of the machinery modernization. Investments in the metal wares segment from the year start amounted to $20 million. The modernization of equipment will improve quality and increase output volumes of the products. The new mill has been put…Details
In January-November Chukotka companies mined 26.974 tons of gold, down by 9.78% YoY. Silver output grew by 7.19% YoY, to 149.96 tons. In particular, Kinross Gold decreased output by 9.7% YoY, to 19.537 tons of gold, while silver production went up by 5.8%, to 141.127 tons. Karalveyem Mine gold output dropped by 3.06% YoY, or…Details
The Verkhovnaya Rada of Ukraine has accepted in the first reading the decree “On amendments to the decree “On the state budget of Ukraine for 2016” as to partial cover of expenses of coal companies. The goal of the decree is to ensure the functioning of the coalmining enterprises and thermal power plants of Ukraine…Details
In 2017 Seligdar plans to mine 5.1 tons of gold, up by 16-19% YoY. This year the company has reached record results, even though not achieving planned volumes. “We planned output increase of 35%. We couldn’t reach it, but we still hit 30% increase. The failure was caused by the non-operation of the gold-extracting factory.…Details
In November Profil-Akras Pipe Works produced 10700 tons of steel pipes and sold 9800 tons. In particular, 2200 tons were exported, with 600 tons consumed by Europe. (Ukrainian metal)Details
Month Ukrainian market, $/t, without VAT, FCA, $1/UAH25.496* min max September 155 159 October 155 159 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 31.10.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal) Dear colleagues! From 2017 the monthly metal price monitoring…Details