In January-September Koks, a part of Industrial-Metallurgical Complex, produced 2.12 million tons of bulk coke, up by 3%. During the whole year the company coking batteries have been 100% loaded, IMC strategy and communications vice-president Sergey Frolov said. Coking coal output at IMC mines decreased by 7% YoY, to 1.45 million tons, due to repair…Details
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In January-September Tulachermet, a part of Industrial-Metallurgical Complex, produced 1.68 million tons of pig iron, up by 11% YoY. According to the company statement, steel-making pig iron production totaled 1.29 million tons, with 390 million tons of premium grades. “The orders of our customers have shifted to the steel-making pig iron in Q3, leading to…Details
Zaporizhstal has started the certification of its hot- and cold-rolled steel coils according to four Indian standards. To confirm the correspondence specialists of the Indian Standards Bureau have arrived at the works. The license will allow Zaporizhstal to export its rolled metal to India, increasing its volumes. (Ukrainian metal)Details
In November Russian Railways increased throughput by 2.6% YoY, to 34.06 million tons. In particular, the company transshipped 9.9 million tons of coal, up by 3% YoY. Iron and manganese ore transshipment went up by 4.5% YoY, to 3 million tons, ferrous metals scrap – by 10.4%, to 0.4 million tons, and coke – by…Details
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Gold mining company Nordgold, controlled by Russian businessman Alexei Mordashov, has cut its 2016 gold output forecast to 840,000-880,000 ounces from 880,000-930,000 ounces due to suspension of production at the Aprelkovo mine and difficulties with access to African deposits because of an extraordinarily long rain season, the company said in a statement. But the forecast…Details
Belarus and Pakistan are mulling over a joint steel production project, the press service of the Belarusian Industry Ministry reported. “Minsk hosted an official meeting of the Belarusian Industry Ministry authorities led by Minister Vitaly Vovk with Ahmad Ayaz Sadiq, Vice President at Barclays Bank Plc, Director for FI and NBFI Coverage in the Middle…Details
In 2016 Magnitogorsk Iron and Steel Works could receive $1 billion of net profits. Experts believe that the net profits will total $814, with EBITDA at $1.5 billion. In H1 MMK earned $486 million of net profits. Q3 results are on par with Q2, and MMK prices went up by 5%. Even though in Q4…Details
Pavlogradskoye Mine Group has mined 3 million tons of power-generating coal a month before the planned time. The company is in the TOP-3 DTEK miners. Average daily output in January-October totaled 11 thousand tons. “The output of 3 million tons will let out thermal power plants provide light and warmth to hundred thousands of Ukrainian…Details
The Cabinet of Ministers has corrected the Novovolynskaya No. 10 mine construction project estimating it at 4457.24 million UAH. According to the new project, 2.189 billion UAH will be spent on mining and construction works, 1.309 billion – on equipment and machinery, 960.4 million UAH – on other expenses. The time of construction is now…Details
Corum Group plans to produce the second lot of headgear sheaves for Vorkutagol by the end of 2016. According to the company statement, the first batch was produced in November. The equipment has been specifically produced for operation in the extreme North. Since 2011 Corum Group has produced and sold some 100 sheaves. (Ukrainian metal)Details
In 2015 Ukrainian companies produced 852 thousand tons of pipes, down by 39% YoY. In January-September the output dropped by 3% more, to 623 thousand tons. This output decrease could be explained by several factors. First of all, it’s market situation transformation and sales market change. Until recent times the main consumers of Ukrainian pipes…Details