The President of Ukraine Petro Poroshenko has signed a decree, which increases the ferrous scrap metal export duty from 10 euro per ton to 30 euro. The Verkhovnaya Rada adopted the decree on April 21. The decree presupposed the temporary duty increase – for 3 years. But the President vetoed it, and returned it to…
DetailsEnergomashspetsstal has concluded a contract to produce machinery for ISD Dunaferr (Hungary). EMSS will produce 5 slag ladles with the volume of 11 cubic meters. The weight of the lot will be 82 tons. The products will be shipped to the buyer in November. Energomashspetsstal has been producing slag ladles since 1987. (Ukrainian metal)
DetailsMariupol Ilyich Iron and Steel Works has launched the first phase of Hot Strip Mill (HSM) 1700 modernization. The large-scale upgrade of rolling equipment for HSM 1700 will include installation of modern coiling equipment able to handle coils up to 27 tons. Major overhaul of Reheat Furnace No.1 will be part of the second phase.…
DetailsIn January-July MMK sold 948 thousand tons of metal in Povolzhye region. For the company this is the second largest sales region of Russia after the Ural region. MMK supplies mostly hot-rolled metal to Povolzhye. Cold-rolled metal sales start growing. The main consumers in Povolzhye are construction and machine-building – 54% and 25% respectively. (Ukrainian…
DetailsIn January-July Russia exported 2.03 million tons of aluminum, up by 0.3% YoY. According to the Federal Service of State Statistics, exports to foreign countries grew by 0.1%, to 1.99 million tons, while those to CIS dropped by 8.1% YoY, to 61.5 thousand tons. At the same time in monetary terms exports fell by 28.1%,…
DetailsPoltava Mining and Processing Works has been granted the right to trade in its shares. The decision to prohibit deals with PGOK shares was taken on November 11, 2014. The last trade at Ukrainian Stock Exchange was carried out on November 14, 2014, with share price going up by 2.65%, to 16.48 UAH. PGOK was…
DetailsAccording to the Independent miners union of Ukraine, the state owes 890 million UAH to miners, or $33.4 million. Earlier the minister of energy and coal industry Igor Nasalik claimed the debt was 355 million UAH ($13.3 million). “This is not true, as some state-run coal companies still have December 2015 salary debts. According to…
DetailsArcelorMittal Kriviy Rih is updating its converter No. 6, having installed the slag control manipulator. The new equipment will decrease manufacturing expenses and improve steel quality. The manipulator was supplied by Monocon. The same equipment has already been assembled at converter No. 5. After it was put into operation the slag layer in the steel…
DetailsIlyich-Stal, a part of Metinvest, has sold 29.837 thousand shares or 99.45% of Ilyichevskoye insurance company. The company had 10 deals of 2730 shares each and one deal with 2537 shares. Ilyichevskoye has been working on the insurance market of Ukraine since 2005. It has 30 licenses. In H1 the company increased payment received by…
DetailsThe Ministry of energy and coal industry has developed a program that presupposes the reforming of the state coal industry until 2020 valued at 25.28 billion UAH. Of this sum 10.57 billion UAH will be provided from the state budget. Direct investments to cover differences between the prime cost of coal and sale price at…
DetailsThe state enterprise Vostochny Mining and Processing Works has ordered Temp LLC transportation of uranium ore valued at 5.78 million UAH. By December the company will have to transport 45 thousand tons of uranium ore from Novokonstatninovskaya mine to Ingulskaya mine (around 55 km). Temp has been monopolizing VostGOK transportation tenders since September 2011 –…
DetailsThe Ministry of energy and coal industry acknowledges the debt of 355 million UAH to the state miners. “Today the salary debt amounts to 355 million UAH, that’s slightly more than the monthly salary fund”, said the ministry head Igor Nasalik. In August around 400 million UAH was spent on clearing salary debts, he added.…
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