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In September Ukraine produced 1863 thousand tons of pig iron, down by 6.4% MoM, or by 98 thousand tons. According to Ukrmetallurgprom, in January-September pig iron output increased by 11.2% YoY, or by 1799 thousand tons, to 17799 thousand tons. (Ukrainian metal)
DetailsIn September Ukraine imported $0.87 million worth of ferrous scrap, with no exports. According to the State Fiscal Service, the main supplier of ferrous scrap in September was Turkey ($0.84 million). In January-September Ukraine exported $40.99 million worth of scrap, while imports totaled $5.77 million. (Ukrainian metal)
DetailsEnergomashspetsstal will produce a batch of ring blanks for ThyssenKrupp AG subsidiary – Rothe Erde. According to the company statement, the total weight of the blanks will be 74.7 tons. The parts will be used as raw materials for further processing. Ring blanks will be mechanically treated and sent to Dortmund in January 2017. (Ukrainian…
DetailsUMG, a part of System Capital Management, has appointed Dmitry Anufriev the executive director. “A new position has been created on October 21, that of the executive director. It will be occupied by Dmitry Anufriev, who has previously been heading the strategy department. In his new position he will be responsible for transforming UMG into…
DetailsEnergomashspetsstal will produce 5 supporting rolls with the total weight of 158.7 tons for iron and steel works of ArcelorMittal in Belgium. According to the company statement, the rolls will be used in cold- and hot-rolling mills of AM Liege and AM Gent. EMSS will have to supply the rolls in Q1 2017. (Ukrainian metal)
DetailsRussia’s second lender VTB’s position that the debt of metals producer Mechel should be unified is not really rational, a member of the company’s board of directors Alexander Shokhin reported. Mechel earlier agreed to restructure $5.1 billion out of its $6.2 billion debt, including about $1 billion of debts to VTB. In September, First Deputy…
DetailsNorilsk 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…
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