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Norilsk Nickel and Societe Generale signed an agreement on strategic cooperation. General Memorandum was signed by Nornickel President Vladimir Potanin and Societe Generale CEO Frederic Oudea. The memorandum provides for an important expansion of the partnership between Nornickel and Societe Generale. It includes the whole range of commercial and investment banking services, including capital markets,…
DetailsIn January-September Russia increased primary aluminum output by 1.5% YoY, with its alloys – by 11.3%. According to the Federal Service of State Statistics, aluminum rods and sections output went up by 2.5%, of plates, sheets, strips and bars – by 12.3%, but aluminum foil production dropped by 11.5%, all YoY. (Ukrainian metal)
DetailsEvraz intends to increase coking coal output this year by 8.3% YoY, to 22.1 million tons. Concentrate output is expected to grow from 13.6 million tons in 2015 to 14.2 million tons. And with strong demand Evraz plans to increase output even to 16-16.5 million tons. The group has already increased coal production in January-September…
DetailsAs of October 1, salary debt to the miners on the temporarily occupied territories stood at 661.1 million UAH. According to the Ministry of energy and coal industry, the debt to state-controlled miners reached 289.3 million UAH. Because of the Russia-supported military conflict in the East, Ukraine is experiencing a significant shortage of coal, in…
DetailsUkraine plans to get loans worth 500 million UAH to develop 8 state mines. “We have determined the 8 mines, in which we will invest. We have also found some loans on 500 million UAH, which will be invested so that coalmining doesn’t go down. For example, these are Yuzhnodonbasskaya No. 1, Yuzhnodonbasskaya No. 3…
DetailsThe minister of energy and coal industry Igor Nasalik said that the Rotterdam+ formula was not working in Ukraine. “At present coal on the Rotterdam exchange costs around $74 per ton. If we add transport, unloading and the rest, it would be 2.3-2.4 thousand UAH per ton, and not 1.39 thousand UAH, according to the…
DetailsAccording to OMK experts, in 2016 Russia will decrease pipe consumption to 9.5 million tons. The main decrease will hit large diameter pipes (by 36.3% YoY, to 2099 thousand tons). Despite the unfavorable situation OMK will retain its share of 18%, with sales volumes at 1.7 million tons. In 2017 the market stagnation is expected…
DetailsIn January-September Cherepovets Iron and Steel Works produced 3223.5 million kWt-h of electricity, having hit a record and up by 4.8% YoY. “The increase in electricity generation allowed the company to raise the share of its own electricity in the total consumption to 76.4%, up by 5.1% YoY. This allowed us to save some 159…
DetailsIn September Evraz-ZSMK received 148.4 thousand tons of ferrous scrap via railroad, down by 7.7% MoM, but up by 10% YoY. In August the figures stood at +25% and +31.7% respectively, with –24.4% and +45% in July. In January-September scrap deliveries reached 926.4 thousand tons, down by 6.9% YoY. This is the lowest result in…
DetailsIn January-September Donetsk Iron and Steel Works produced 635 thousand tons of steel, up by 49.1% YoY. In September pig iron output totaled 97 thousand tons, down from 105 thousand tons in August. Because the open-hearth manufacture was shut down in April 2012, the works is not producing steel. In January-September 2015 DMZ was mostly…
DetailsIn January-September Mariupol Ilyich Iron and Steel Works produced 1.88 million tons of rolled metal, up by 6.1% YoY. According to the company statement, steel output totaled 2.11 million tons, up by 2.8%, that of pig iron – 2.86 million, up by 6.6%, of pipes – 66 thousand tons, up by 52.1%, while that of…
DetailsThe Ministry of economic development and trade suggests canceling contract registration cards while exporting scrap. The corresponding decree was prepared by the ministry and presented on October 19. The goal of the decree is the deregulation of the scrap market and simplification of the regulatory base. At present there are 616 companies in Ukraine dealing…
DetailsIn January-September Russia increased palladium output by 3.7% YoY. According to Rosstat, platinum output went up by 4.1% YoY. Gold ore mining increased b 2.1%. In September Russia increased platinum output by 4.5% YoY and by 16.5% MoM. Palladium output dropped by 17.8% YoY and by 11.9% MoM. Gold ore mining increased by 2.9% YoY,…
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