As part of its long-term investment program, Acron Group implements a project of complex apatite-nepheline rock processing at Veliky Novgorod production site to produce rare earth elements (REE) cerium, lanthanum, neodymium, concentrates of light, medium and heavy rare earth elements from apatite concentrate process flows. The annual capacity of REE operations is 200 tons of…Details
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Month Russian market, $/t, EXW, without VAT, $1/RUR64.2575* Ukrainian market, $/t, without VAT, EXW, $1/UAH24.854* min max min max May 418 769 375 458 June 463 694 429 439 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 30.06.16 according to the National Bank of Ukraine and the Central Bank of the…Details
Interpipe, the Ukrainian industrial company and the only producer of railway wheels in Ukraine, has started experimental industrial trials at its new production site for finish machining of railway wheels. The facilities provide KLW with the ability to produce complex products that are in high demand in Europe, America and the MENA region. The total…Details
Beginning with September 1, ArcelorMittal Kriviy Rih is increasing salary to its employees by 10%. ”In addition to the wages increase, the socially vulnerable groups of employees will also receive 800 UAH per months for partial compensation of housing and utilities expenses from November 2016 till March 2017. Such additions will be given to employees…Details
Month Russian market, $/t, FCA, without VAT, $1/RUR64.2575* min max May 62 199 June 62 195 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 30.06.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)Details
Russia: Federal Security Service and Ministry of Internal Affairs praise Nornickel for professionalism during exercises
Norilsk Nickel Corporate Security Unit at Polar Division – the Polar Transport Branch – has taken part in Vikhr MED-2016 specialist tactical exercises targeted at suppression of a terrorist attack on a maritime economic entity. According to the script of the exercise, which involved over 300 persons, unidentified perpetrators captured a vessel offshore Dudinka Seaport.…Details
Severniy Mining and Processing Works has completed the program of drilling machines reconstruction at its Pervomaysky quarry. Investments into machinery overhaul totaled some 10 million UAH. According to SevGOK general director Pavel Timoshenko, the repair lasted for almost six months. 2 drilling machines have been completely repaired. “Now the maintenance and repair expenses will be…Details
Month Russian market, $/t, EXW, without VAT, $1/RUR64.2575* Ukrainian market, $/t, without VAT, EXW, $1/UAH24.854* min max min max May 365 501 446 513 June 487 539 402 423 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 30.06.16 according to the National Bank of Ukraine and the Central Bank of the…Details
As part of the program for monitoring employees’ physical state and increasing the occupational health and safety level at the operational sites, the Norilsk Nickel is planning to have installed full-height turnstiles with contactless ethanol breathalyzers at the Polar Division’s Mayak mine by the end of the year. These are full-height turnstiles equipped with fixed…Details
In January-June rolled metal deliveries to the local market went up by 34.8% YoY, to 1.93 million tons. Together with pipes delivery volumes totaled 2.15 million tons. In 2016 imports grew as well – by 58% YoY, to 0.31 million tons. Imports share went up from 13.9% in H1 2015 to 16.3% in H1 2016.…Details
Month Ukrainian market, $/t, without VAT, EXW, $1/UAH24.854* min max May 427 427 June 355 355 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 30.06.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)Details
Anastasia Tatarulieva has been appointed the ArcelorMittal Kriviy Rih deputy general director on marketing and sales. According to the company statement, she was appointed on July 20. “Tatarulieva is responsible for fulfilling business-plans on selling AMKR products on export and local markets, as well as finding new sales markets”, the statement reads. Earlier Tatarulieva worked…Details
NLMK Group announced its Q2 and H1 2016 financial results. In Q2, steelmaking capacity utilization rates reached 100% (94% in Q1 2016). EBITDA increased by 59% QoQ to $460 million; EBITDA margin reached 25% (+7% QoQ). Net debt / EBITDA stood at 0.7. Q2 2016 highlights: steel output increased by 6% QoQ, to 4.2 million…Details