Ukraine: ferrous metals revenue up in January-February 2017

In January-February Ukraine exported $1.346 billion worth of ferrous metals, up by 46.3% YoY. According to the State Fiscal Service, ferrous metals amounted to 21.48% in the total export as opposed to 19.48% in January-February 2016. In February ferrous metals export revenues reached $691.81 million. In January-February Ukraine imported $114.98 million ($60.53 million in February)…

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Russia: Uralmashzavod to supply rolls to AMT

Uralmashzavod will supply 1 thousand tons of back-up rolls for hot-rolling to ArcelorMittal Temirtau.

According to the company statement, the rolls will be supplied in Q3-4.

Uralmashzavod has finished the first stage of its roll manufacture modernization, which allows it to increase output and improve quality. (Ukrainian metal)

Russia: Armalit developing automatic welding of valves

Armalit (Saint Petersburg) has put into operation the robotized welding complex on the basis of an industrial robot.

The robot allowed the company to implement adaptive welding.

With the robot put into operation the capacity of the company increased 2.5-fold. (Ukrainian metal)

Russia: Amurmetal to produce 12 thousand tons of steel in March 2017

The Khabarovsk region governor Vyacheslav Shport together with the new owners, representatives of Torex, visited Amurmetal.

According to the company representatives, the situation at the works was stable, salary issues have been settled. In March the works plans to produce 12 thousand tons of steel from raw materials supplied by Torex. (Ukrainian metal)

Ukraine: pig iron exports down in February 2017

In January-February Ukraine exported 347.6 thousand tons of steel-making pig iron, down by 10% YoY, following the increase of 50.6% in January. According to the State Fiscal Service, the value of the pig iron exported was $99.644 million, up by 56.5% YoY. Pig iron was mostly exported to USA (50.25%), Turkey (19.2%) and Italy (12.7%).…

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Russia: Fitch upgrades Nordgold’s rating outlook to Positive from Stable

Global rating agency Fitch has revised the outlook for the ratings of gold mining company Nordgold, controlled by Russian businessman Alexei Mordashov, to Positive from Stable, the agency said in a release. The company’s long-term issuer’s default rating has been affirmed at “BB-“. “The affirmation of the company’s ratings reflects operational and financial results in…

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Russia: DIA starts making new products

The manufacturing company DIA has started making new products – oval-section pipes.

The flat half-ovals are in demand by furniture manufacturers.

The company specialists have developed the necessary rolling tools for the production of the new pipe. (Ukrainian metal)

Ukraine: DTEK coal mining on occupied territories stopped

Coal mining companies of DTEK, situated on the temporarily occupied territories of Donetsk and Lugansk regions, have suspended mining coal. “Komsomolets Donbassa mine, DTEK Sverdlovantrazit and DTEK Rovenkiantrazit have stopped mining coal”, the group press service reported. On February 13, the railroad connection through the demarcation zone was completely stopped, resulting in the coal mined…

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Ukraine increases coal stocks

Coal stocks at the warehouses of the thermal power plants on March 6-9, increased by 2.1%, or by 36 thousand tons, to 1.734 million tons. According to the Ministry of energy and coal industry as of early March 9, coal stocks of the anthracite group totaled 711.4 thousand tons, down by 4.7% as of March…

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