On October 11, Evraz Sukhaya Balka will hold an extraordinary meeting of shareholders, at which it is planned to rename the company into Sukhaya Balka. “This year our enterprise turns 121. In the matter of renaming the company it was decided to retain the legendary name of Sukhaya Balka”, the company CEO Vitaly Bash commented.…
DetailsThe Vorkutaugol Zapolyarnaya mine site No. 7 has fulfilled its year plan of coalmining in advance. Since the year start the miners have yielded 720 thousand tons of coal. “For the past 7 years the site has 4 times fulfilled its plan in advance”, the mine deputy director Alexander Bondar noted. In Q4 the mine…
DetailsSince the beginning of the year Raspadskaya mine has extracted 2 million tons of coal at its site No. 1. This volume has been obtained from the long face 4-10-29, equipped with the modern Bucyrus shearer. After being processed at the Raspadskaya factory the concentrate is supplied to metal and coke works of Russia, Ukraine…
DetailsCherepovets Iron and Steel Works has finished the capital repairs of its blast furnace No. 1.
The cost of the repairs was some 1.8 billion rubles. The work has been carried out 9 days earlier.
The repair lasted for 33 days. The work prolonged the BF1 operation by at least 7 years. (Ukrainian metal)
Shareholders of Evraz Dneprovsky Iron and Steel Works decided to increase the charter capital by 30.44%, or by 175 million UAH, to 750 million UAH, by issuing 700 million ordinary shares. The cost of each share is 0.25 UAH, they will be placed at 10 UAH per share. The funds received from the placement of…
DetailsIn August Ukraine produced 939 thousand tons of steel, not counting continuous-cast semi-finished products, up by 0.5% YoY, but down by 3.7% MoM. According to the State Statistics Service, the temporarily occupied territory of Crimea and a part of the Antiterrorist operation zone are not taken into account. Steel output in 8 months decreased by…
DetailsIn January-August the Zapadnaya Coal Company mined 390.6 thousand tons of coal at the Krutoyarsky site of the Konstantinovskoye deposits, up 2.5-fold YoY.
This year the company intends to yield 450 thousand tons of coal. Thus, so far the target has been 87% complete. (Ukrainian metal)
In January-August Sakhalin region mined 4.7 million tons of coal, up 1.4-fold YoY.
At present 10 enterprises mine for coal in the region, with two companies – Solntsevskiy coal pit LLC and Gornyak LLC – accounting for 65%. (Ukrainian metal)
Metalloinvest has changed the composition of its board of directors. The new board comprises Ivan Streshinsky, chairman, Galina Aglyamova, independent non-executive director, Andrey Varichev, executive director, Valery Kazikayev, independent non-executive director, Nikolay Krylov, independent non-executive director, Irina Lupicheva, non-executive director, Pavel Mitrofanov, non-executive director, Gleb Kostikov, non-executive director, and Dmitry Tarasov, independent director. The board…
DetailsIn January-July Russia exported 8.17 million tons of steel semi-finished products, down by 3.8% YoY, valued at $3.227 billion, up by 39.3%. In July exports totaled 1.08 million tons, down by 1.5% MoM. Taiwan was the main importer of semi-finished products (21%), at the average price of $345 per ton FOB Russian border. Turkey’s share…
DetailsIndia intends to purchase uranium from Uzbekistan to replenish its strategic reserves. The parties are currently negotiating the matter. The first meetings of the delegations took place two months after the meeting between Indian Prime Minister Narendra Modi and Uzbek President Shavkat Mirziyoyev on the sidelines of the Shanghai Cooperation Organization summit in Astana. The…
DetailsRussia’s United Metallurgical Company (OMK) expects revenue to grow on the year in 2017, while EBIDTA may remain flat, core owner and the board of directors’ Chairman Anatoly Sedykh reported. In 2016, OMK’s revenue fell by 13% YoY, to 140 billion rubles and EBITDA decreased by 1%, to 34.9 billion rubles. “I think that the…
DetailsInterpipe has initiated a revision of the size of the antidumping duty on some types of seamless pipes originating from Ukraine. “We have initiated the revision, as 13% do not correspond to the current situation”, the company finances and economy director Denis Morozov noted. The current duty of 13% will be valid till July 2018.…
DetailsIn January-June Anglo Asian Mining was selling gold mined in Azerbaijan at the average price of $1.238 thousand per ounce. “The price increase witnessed in 2016, continued in H1 2017 as well. In January-June we were selling gold on average for $1.238 thousand per ton as against $1.23 thousand in 2016”, the company stated. The…
DetailsIn July, according to the customs statistics, Russia exported 548 thousand tons of ferrous scrap, down by 7.7% MoM and by 3% YoY. In June scrap exports grew by 39.9% and by 6%, while in May they dropped by 13% and by 29% respectively. In January-July Russia exported 2.7 million tons of scrap, down by…
DetailsIn July Russia exported 308.6 thousand tons of pig iron, down by 43% MoM, but up by 35.7% YoY. In June pig iron exports increased by 38% MoM, but decreased by 14.7% YoY, while in May they were up by 183% and down by 12.1% respectively. In January-July exports totaled 2.56 million tons, down by…
DetailsIn August Vostsibugol LLC mined 887.9 thousand tons of coal at its three pits in Irkutsk region, up by 18% YoY. In particular, the Cheremkhovsky and Golovinsky sites of the Cheremkhovugol pit yielded 283.7 thousand tons, Tulunugol pit – 543.2 thousand tons, and the youngest pit of the company – Zheronsky – 60.9 thousand tons.…
DetailsThe authorities of Nizniy Novgorod region intend to provide Vyksa Iron and Steel Works with preferences of almost 8 billion rubles on the project to create casing, oil-and-gas and compressor pipes manufacture. VMZ could get a regional support of profit and assets tax exemption if it carries out the project. Investments total 41 billion rubles.…
DetailsIn January-July Mechel-Service increased metal sales from warehouses by 2% YoY. “In 7 months of 2016 we shipped 852 thousand tons of products, this year – 871 thousand tons. Our sales network has expanded: we have opened a site in Biysk. Soon our subsidiaries will appear in Izhevsk and Volgograd”, the company CEO Leonid Polyansky…
DetailsAccording to the Mariupol city council member Maksim Borodin, Azovstal had another chemical attack on the city. “A strong east wind carries Azovstal pollutions to the Ilyanskaya and Slobodka (city districts). I reported to the contact-center. They promised to send a mobile lab”, he posted on his Facebook page. Local citizens in their comments to…
DetailsAzovstal Iron and Steel Works has started experiencing shortage of scrap. “The situation on the scrap market is worsening, we see the shortage”, the company CEO Enver Tskitishvili said. According to him, the company has been better provided with scrap in a more complex period (June-July) because of Ukrzaliznytsia selling its stocks. “As far as…
DetailsAvdiivka Coke and Chemical Works had to decrease output because of the untimely delivery of coking coals from seaports via railroad. “We are fighting for our competitiveness. We had sleepless nights to reach pre-war output levels last month – 270 thousand tons. But no we have to decrease output because Ukrzaliznytsia has not brought coal…
DetailsAccording to the State Statistics Committee, in January-July the country imported 162.8 thousand tons of rolled metal, up by 7.3% YoY, valued at $100.52 million. Ferrous rods imports reached 66.38 thousand tons, up by 23.8%, valued at $33.39 million, angles – 22.255 thousand tons, up by 35.6%, valued at $15.9 million. At the same time…
DetailsOEMK (a part of Metalloinvest) has successfully completed major repair works at DRI Plant 2. This has enabled the plant to increase production from 88 to 110 tons per hour. The increased productivity at DRI Plant 2 will enable OEMK to boost direct reduced iron (DRI) production by nearly 200,000 tons per year. OEMK operates…
DetailsThe further fall of the world prices for iron ore threaten the operation of Ukrainian mining and processing works. According to the Federation of Ukrainian Metallurgists chairman Sergey Belenkiy, in just a week the prices have fallen by 15%, from $78 to $66 per ton. “If ore is cheaper than $60 per ton, some enterprises…
DetailsThe state enterprise Ukrpromvneshexpertisa believes that in September delivery of ferrous scrap to metal companies will grow by 9.8-13.7% MoM, or by 25-35 thousand tons, to 280-290 thousand tons. “In August deliveries totaled 255 thousand tons. We expect that in September they will be on the level of 280-290 thousand tons”, the company deputy director…
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