Russian coal producer Raspadskaya plans to cut its capital expenditures by 8% YoY, $33 million in 2016, CEO Sergei Stepanov said. “The guidance for capex this year – on the whole, we expect $33 million, we will discuss capex for the next year at the end of this year”, he said. Stepanov also said the…
DetailsIn July Ukraine exported $71.2 million UAH of pig iron, with imports on the level of $0.03 million. According to the State Fiscal Service, the major consumer of Ukrainian pig iron in July was USA ($34.96 million). In January-July Ukraine exported $264.18 million worth of pig iron, while imports totaled $0.39 million. In June pig…
DetailsAn individual has amassed 100% of Stalkanat-Silur. According to the company statement, Bomberio Holding (Cyprus) decided to sell 52.16 million shares, and an individual became the owner of 104.33 million shares, or 100%. The individual used to posses 50.0001% of the company shares. In 2015 Stalkanat-Silur received 194.97 million UAH of losses, having increased its…
DetailsAvdiivka Coke and Chemical Works reports the railroad transportation near Avdiivka has been resumed after shelling destroyed the station. “I thank Ukrzaliznytsia for quick restoration of the railroad and electric lines. This allowed us to bring coal and take part of our coke”, said the company CEO Musa Magomedov. Earlier after the night shelling of…
DetailsIn July Ukraine exported $150.67 million worth of iron ore, with imports on the level of $5.22 million. According to the State Fiscal Service, the main consumer of iron ore in July was China ($56.9 million). In January-July Ukraine exported $967.89 million worth of iron ore, with imports at $57.16 million. In June iron ore…
DetailsIn July Ukraine imported $0.44 million worth of ferrous scrap. At the same time, no scrap was exported. According to the State Fiscal Service, the major supplier of scrap in July was Turkey ($0.26 million). In January-July Ukraine exported $40.99 million worth of ferrous scrap, while imports stood at $4.12 million. In June ferrous scrap…
DetailsDneprovsky Iron and Steel Works named after Dzerzhinsky has stopped its blast furnace No. 9 for an overhaul. According to the company statement, the furnace was halted on August 15, and the repairs will last for 25 days. In 2015 DMKD received 1389.47 million UAH of losses, having increased its net income by 17.6% YoY,…
DetailsRussian oil and gas pipe producer TMK has prepared a development strategy for its American assets in which it plans to at least keep the U.S. market share, Deputy CEO for strategy Vladimir Shmatovich said. “We see a strategic goal to at least keep the market share in the U.S. in the key segments or…
DetailsThe supervisory board of Dniepropetrovsk Metal Structures Works named after Babushkin has dismissed Elena Tarasenko from the office of acting general manager and appointed Yuri Kuzmenko general manager instead. According to the company statement, Kuzmenko has been appointed for 1 year. Tarasenko has been in her office for 12 days. Neither owns company shares. In…
DetailsEnergomashspetsstal will supply 2 supporting rolls to SAIL (Steel Authority of India Limited) in February 2017. “We will produce 2 supporting rolls weighing 246 tons. They will be produced of the billets weighing 290 tons each. The net weight of each roll will total 123 tons”, said the company in a statement. The rolls will…
DetailsThe supervisory board of Trubostal has approved of the contract with Metalika-Zuev (Moldova) for the delivery of steel electric-welded cold-drawn pipes valued at $500 thousand (12.58 million UAH) In 2015 the company received 4 million UAH of net profits, having increased its net income by 50% YoY, or by 117.29 million UAH, to 351.26 million…
DetailsThe Commercial Court of Donetsk region has prohibited the State Property Fund to give the assets of the state scientific-manufacturing enterprise Ukrmekhanobr (Dniepropetrovsk region) to other legal entities or to prevent the Mariupol Ilyich Iron and Steel Works from using them. The court has also prohibited anyone to take any decisions to prevent, stop or…
Details