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Novolipetsk Iron and Steel Works could increase its capacities by 1-2 million tons per year. At present the Lipetsk site is capable of producing 16 million tons of steel each year. The program will be carried out in 2-3 years. The basic development plan doesn’t presuppose large investments, according to the company. (Ukrainian metal)
DetailsThe independent primary union organization of ArcelorMittal Kriviy Rih reports multimillion thefts at the company involving AMKR employees. The organization sent a corresponding letter to the departments on human resources and security. According to the letter, the organization found out and prevented the theft of 200 tons of pig iron on November 27. They say,…
DetailsMonth Russian market, $/t, EXW, without VAT, $1/RUR62.9* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.496* min max min max September 442 685 343 420 October 456 685 366 434 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 31.10.16 according to the National Bank of Ukraine and the Central Bank of the…
DetailsCompanies of the businessman Musa Bazhayev suggest correcting the agreement on selling Amur Zoloto to Petropavlovsk and receiving 20% in Petropavlovsk instead of 30.3%. In April Petropavlovsk signed an agreement to buy Amur Zoloto for $144 million from Alliance Mining Group and Lexor Group, controlled by Bazhayev. According to the agreement, his companies had to…
DetailsMonth Russian market, $/t, EXW, without VAT, $1/RUR62.9* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.496* min max min max September 374 583 318 421 October 423 571 343 387 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 31.10.16 according to the National Bank of Ukraine and the Central Bank of the…
DetailsIn January-October industrial output in Armenia decreased by 6.2% YoY. In 2015 it saw a rise of 5.5%. According to the National Statistics Service, ferromolybdenum output reached 5262 tons, up by 11.4% YoY, with 648 tons produced in October, down by 9.7% MoM. Molybdenum production totaled 8885 tons, up by 1.1% YoY, with 915 tons…
DetailsThe company’s Let’s Go major volunteer marathon ended with a large-scale environmental event in Moscow’s Losiny Ostrov National Park. Thousands of Nornickel employees under the Company of Good charity program took part in the environmental event. The key goal of environmental volunteers was to inculcate the company’s employees with care of the areas where they…
DetailsMonth Russian market, $/t, EXW, without VAT, $1/RUR62.9* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.496* Export, Ukraine, $/t, FOB Black sea ports min max min max min max September 361 509 341 386 365 380 October 409 498 348 402 375 395 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 31.10.16…
DetailsIn January-November Russian coal exports climbed by 13.2% YoY, to 149,049,730 tons, the Ministry of Energy statistics reported. In November coal exports totaled 13,833,700 tons. Coal production in November reached 33,904,400 tons. (Portnews/Ukrainian metal)
DetailsBusinessman Sergey Kurchenko, who is hiding from Ukrainian law-enforcing service in Russia, has gained control over the state enterprise Antrazit, situated on the Ukraine-uncontrolled territory of Lugansk region. In particular, the new general director of Antrazit is now Alexander Ermakov, connected with Kurchenko. Before that Antrazit was controlled by the terrorist-organization of Lugansk People’s Republic…
DetailsZaporozhogneupor has put a new production line into operation, increasing its product mix, in particular, warmth-keeping and slag-forming mixes. The mixes are used in steel-manufacture. “The new line is a long-term investment of ours. It will allow us staying competitive on the market even in 10 years”, the company CEO Victor Busko said. The new…
DetailsThe Ministry of energy and coal industry, the Dneprovsk region and the representatives of the European Union have analyzed the results of the project on long-term and environmentally friendly strategy of putting off from the operation and rehabilitation of the uranium-processing site at Pridneprovsky Chemical Plant. The cost of the project is 1.1 million euro.…
DetailsMonth Russian market, $/t, EXW, without VAT, $1/RUR62.9* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.496* min max min max September 437 501 403 403 October 446 505 440 440 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 31.10.16 according to the National Bank of Ukraine and the Central Bank of the…
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