In January-August copper output in Russia dropped by 2.1% YoY. According to the Federal Service of State Statistics, copper wire output dropped by 22.8%, foil – by 22.2%, but plate, sheet, bars and strips increased by 5.9%, of rods and sections – by 14.6%, all YoY. (Ukrainian metal)Details
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Ukraine has increased its capacities of coal transshipment in ports to 700-720 thousand tons per month. “I am sure, even if we are blackmailed and don’t get coal from the ATO zone, we will cope with this. I have spoken with the ports; we can import 700-720 thousand tons per month. That’s enough to live…Details
CNBM International Corporation (China) is interested in privatizing the Novovolynskaya No. 10 mine. “I had a meeting with one of the largest Chinese companies, which was very interested in the privatization process of our mines, especially of Novovolynskaya No. 10 mine”, said the energy and coal industry minister Igor Nasalik. “They have some 10 billion…Details
In October-December Metinvest could decrease its steel smelting by 10% due to the overhaul at its Mariupol assets. “Q4 will not differ much from Q3. The main difference will be on the Mariupol site”, said the group CEO Yuri Ryzhenkov. The decrease will also be the result of Ukrzaliznytsia repairing some of its routes to…Details
DTEK plans to make a separate company of its Rostov mines by October. According to DTEK CEO Maxim Timchenko, the deal is in the final stages. This will allow DTEK to decrease its credit pressure by over $400 million. DTEK will retain management and operational control over the mines, and the new company will also…Details
Month Russian market, $/t, EXW, without VAT, $1/RUR67.05* Ukrainian market, $/t, without VAT, EXW, $1/UAH24.798* min max min max June 469 533 510 510 July 469 533 456 456 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 31.07.16 according to the National Bank of Ukraine and the Central Bank of the…Details
European integration of Ukraine is very important for the local mining and metallurgical complex. “The Ukrainian metal sphere was among the first to choose the European way of development. Europe has been our main consumer for the last 15 years. And for over 10 years we’ve been considering Europe our home market. So the European…Details
In August Ukrainian metal companies consumed 130 cubic meters of gas, up by 1.6% MoM, or by 2 million cubic meters. Daily average gas consumption totaled 4.2 million cubic meters. In January-August metal companies consumed 1.1 billion cubic meters of gas, down by 19% YoY, with average daily consumption at 4.6 million as opposed to…Details
Month Russian market, $/t, EXW, without VAT, $1/RUR67.05* Ukrainian market, $/t, without VAT, EXW, $1/UAH24.798* min max min max June 438 2067 430 430 July 429 2067 430 430 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 31.07.16 according to the National Bank of Ukraine and the Central Bank of the…Details
Nadezhda Metallurgical Plant (NMP) Hydrometallurgical Shop has fully transitioned to dumping tailings to the rebuilt dam via a newly installed tailings pipeline, operational as of September 15. The project is an element of the large-scale environmental enhancement program embarked on by Nornickel. The company is striving to identify the areas with the highest historical exposure…Details
Azovstal Iron and Steel Works has started producing KP100 type crane rails. The products will meet the requirements of standards DSTU 2484 and GOST 4121 and will be used for the construction of overhead crane rail tracks. The largest consumers of KP1-00 crane rails include seaports, industrial enterprises and construction companies. As compared to other…Details
Kazakhstan and Ukraine plan to create uranium-mining joint ventures on the territories of both countries, according to the energy and coal industry minister Igor Nasalik. “We’re preparing the documents. On September 19, Kazakhstan representatives will arrive to sign the memorandum on the creation of JVs in Ukraine and Kazakhstan”, he said. (Ukrainian metal)Details