Azovstal has been actively developing its first stage for the pulverized coal injection system in the blast furnace No. 4, which will allow the company to stop using natural gas and decrease pig iron prime cost by $20 per ton. According to the company CEO Enver Tskitishvili, all the necessary equipment will be supplied by…Details
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Metinvest Group ranks first among Ukrainian companies that have been included into Central and Eastern Europe TOP-500 list. The companies were ranked by the international audit company Deloitte based on their 2015 consolidated revenues. According to the survey, the majority of CE countries saw economic growth, and the only country whose economy shrank in 2015…Details
Energomashspetsstal has started producing a new ware – Hall’s anchor for various vessels. This is the first time that the works produces such anchors. The first three anchors have already been shipped to the buyer. The 10-ton anchors were tested in the steel shop. (Ukrainian metal)Details
Russia’s revenue from coal exports fell by 18% YoY to $4.55 billion in January-July, according to the Federal Customs Service. In physical terms, Russia’s coal exports increased by 8.3% to 89.97 million tons. Coal exports to non-CIS countries rose by 9.1% to 84.34 million tons worth $4.21 billion, a 17.6% fall in monetary terms. Coal…Details
In October-November DTEK will receive 70 thousand tons of anthracite from the South African Republic. “We plant to import coal from SAR and Poland. The first batches of gas coal (50 thousand tons) will arrive in the next 2 weeks, and we are expecting 70 thousand tons of anthracite from SAR in late October –…Details
Within the reconstruction of its pelletization factory the Central Mining and Processing Works has completed the first stage of the factory modernization. The company has put the Eirich batch-blending machine into operation. The new equipment costs 15 million UAH. The total investments into the project will reach 61 million UAH. The second stage is the…Details
Mariupol Ilyich Iron and Steel Works has started modernizing its sheet shop 1700. The shop will receive new equipment and will see some repairs. Investments this year will total 120 million UAH. The company has concluded a contract with Novokramatorsk Machine-Building Works to produce the necessary equipment. NKMZ will produce and deliver 80 million UAH…Details
In January-August Mariupol Ilyich Iron and Steel Works decreased natural gas consumption by 29% YoY. “Now the total consumption of the works is less than 32.5 thousand cubic meters per hour”, said the company CEO Yuri Zinchenko, adding that steel smelting grew by 5.4% and pig iron production – by 9.3%. (Ukrainian metal)Details
Zaporizhstal has halted its sintering machine No. 6 to install the new gas-purifying system. “In 45 days the environmental project valued at 870 million UAH will be completed. In early November the sintering factory chimneys will show the result”, said the company CEO Rostislav Shurma. Zaporizhstal started active construction works in mid-August. (Ukrainian metal)Details
In July Russia exported 2.3 million tons of ferrous metal, down by 13% MoM. In January-July ferrous metals exports dropped by 0.5% YoY, to 16.9 million tons. At the same time semi-finished products exports increased by 2% YoY, to 8.5 million tons, with rolled sheet shipping up by 5%, to 5 million tons. Pig iron…Details
In July Ukraine exported $39.18 million worth of steel pipes, with imports on the level of $7.59 million. According to the State Fiscal Service, the main importer of Ukrainian steel pipes in July was Russia ($8.77 million). In January-July Ukraine exported $226.01 million worth of steel pipes, while imports totaled $64.89 million. (Ukrainian metal)Details
The Ministry of economical development and trade has suggested canceling VAT in operations with scrap metal, as well as the income tax when submitting scrap. The ministry suggests canceling VAT for good, instead of making amendments to the state budget on annual basis, as it is done now. Thus VAT will not be imposed on…Details
In July Ukraine exported $224.58 million worth of steel semi-finished products, while imports reached $1.22 million. According to the State Fiscal Service, the main consumer of Ukrainian steel semis in July was Egypt ($60.62 million). In January-July steel semis exports totaled $1326.95 million, with imports on the level of $6.83 million. (Ukrainian metal)Details