Kazakhstan, which is the biggest uranium producer in the world, plans to decrease uranium production by 8%, or by 2,000 tons in 2017 (about 3% of total global output), Kazakh State Wealth Fund Samruk-Kazyna said in a report. The output will be reduced due to weak market conditions triggered mostly by a global oversupply. In…
DetailsAccording to Interpipe, in 2017 Ukraine will become a net-importer of scrap. The company believes that this year the situation with scrap procurement will further worsen. In 2017 Ukraine will procure 2.9-3.1 million tons of scrap. This is less than what was delivered to local companies in 2016 (3.2 million tons), and much less than…
DetailsThe Donbass blockade could result in the Kramatorsk Ferroalloys Works shutting down, as the coking coal from the occupied Gorlovka and Alchevsk could not reach the plant. “We have absolutely no coke left”, the company blast furnace shop director Alexander Shikhov said. If the blast furnace is shut down, the whole plant will be closed…
DetailsFollowing the increase of the minimal wage to 3200 UAH from January 1, metal companies of Mariupol, nevertheless, do not plan to fire employees. According to Azovstal HR director Konstantin Voitsekhovsky, all the jobs have been kept. “As of January the average salary was 10 thousand UAH. That’s considerably higher compared to the average salary…
DetailsDneprovsky Iron and Steel Works, a part of the Industrial Union of Donbass, has started replacing coke from Alchevskkoks, blocked in the ATO zone, with deliveries from Poland. As of February 21, there was a threat of the works halting altogether. “Every day we try to find money to pay for the daily norm of…
DetailsIn January Ukrainian by-product coke works produced 1.008 million tons of 6% moisture coke, down by 7.5% YoY. December 2016 saw the output on the level of 997 thousand tons. “In January there was a slight increase in production, but February will be a failure. Alchevskkoks has halted, Yenakievo, Makeevka, and Yasinovsky Coke Works all…
DetailsIn 2017 Ukrainian metal structure manufacturers plan to increase exports to Poland at least 2-fold. Last year metal structure exports to Poland totaled 2 thousand tons, or 27% of all metal structure exports abroad (7.5 thousand tons). “2016 exports to Poland quadrupled from 500 tons in 2015. Taking into account the high interest of Ukrainian…
DetailsIn January the Novosibirsk subsidiary of the First Cargo Company (PGK) transported 13.6 thousand tons of cargo, up by 44.5% YoY. The main cargo was wood and ferrous metals. The cargo was shipped to local consumers as well as to Asian countries. (Ukrainian metal)
DetailsIn 2016 steel consumption dropped by 4% YoY, to 40 million tons. This year consumption is expected to grow by 1.2% YoY, to 40.48 million tons. The demand for steel in Russia could grow for the first time in the last 4 years thanks to the improvement of the economy. Still market participants do not…
DetailsIn 2016 Metinvest companies received $45 million of additional profits from selling new products, that they started producing in 2010-2016. The 2016 share was $6 million. According to the group press service, last year it started producing 49 new types of products. The main consumers were the construction sector, machine-building and pipe industry. In 2010-2016…
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