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Magnitogorsk Iron & Steel Works (MMK) is pleased to announce that on May 23, the rating agency Fitch Ratings revised the outlook on its long-term issuer default rating (IDR) to positive from stable and affirmed the IDR at ‘BB+’. In its press-release Fitch notes that the positive outlook reflects MMK’s strong financial performance which allowed…
DetailsWithin the order from Russia Khartsyzsk Pipe Works started producing large diameter pipes. The total weight of the order is around 100 thousand tons. The works, situated in the terrorist-occupied city of Khartsyzsk, belongs to Metinvest. In February it was visited by Putin’s henchman Surkov. Experts believe that the completion of this order for Russia…
DetailsIncrease of Chinese iron ore indexes has positively affected Ukrainian iron ore export prices. Average price in April was $45 per ton, up by $11.5 per ton MoM, or by 34.4%. “Ukrainian export prices in May went up by 3-7%. But we believe, that in June it will turn into a decrease of 10-15% due…
DetailsSupervisory board of Dneprometiz has appointed Anatoly Frishman, CEO of Severstal-Metiz (Russia), its chairman. Frishman has been appointed until the next annual meeting of the shareholders. Chief accountant deputy of the company Lilia Dubovichenko has been appointed chairman of the revision committee. (Ukrainian metal)
DetailsKola (subsidiary of Norilsk Nickel) has decommissioned the pelletizing and roasting sector (PRS), in effect abandoning the obsolete technology used since 1960s and shifting to copper-nickel concentrate briquetting. Kola completed this work in line with Metallurgical production facilities revamping program, specifically to improve the company’s environmental performance. The shutdown of the roasting area required major…
DetailsUkraine’s EU export share accounts for 38.5%, up by some 6% YoY. At the same time its volumes in Q1 went down by 2.7% YoY. In January-April Ukraine exported $3.2 billion worth of products to EU ($3.7 billion together with services), mining and metal share was 20.5%. Iron ore, concentrate and ferroalloys deliveries decreased. (Ukrainian…
DetailsUkraine has a unique transport potential around 1 thousand kilometers long – the river Dnieper, which crosses 8 regions and has 10 ports. In 2015 volume of Dnieper transportation totaled 5 million tons, or 0.5% of the total cargo transportation in the country. Most of the cargo is transported by automobiles (74%), the rest –…
DetailsIn April Ukraine imported $7.62 million worth of manganese ore, while exports reached $0.41 million. According to the State Fiscal Service, one of the main suppliers of manganese ore to Ukraine in April was Ghana ($3.71 million). In January-April Ukraine imported $25.92 million worth of manganese ore, with exports on the level of $1.13 million.…
DetailsAs of May 19, importers of pipes to Ukraine have used up 87.04% of the annual quota for the delivery of steel seamless casing and compressor pipes with the diameter up to 406.4 mm. According to the Ministry of economical development and trade, the quota from October 1, 2015 till September 30, 2016 is 19505…
DetailsIn 2016 Ukraine will not be buying coal from the South African Republic, said the head of the Ministry of energy and coal industry Igor Nasalik. “We will stop buying coal. Under the current circumstances and taking into account our abilities, we no longer need to buy their coal”, said the minister. “Our stocks allow…
DetailsZaporozhye Titanium and Magnesium Works has chosen the auditor company Audit-finansy to conduct its 2015 financial audit for 199 thousand UAH. The offer was accepted on May 19. The audit is to be conducted within 60 days of the agreement signing. 5 other companies offered higher prices. (Ukrainian metal)
DetailsIn January-March DTEK mined 7.2 million tons of coal, up by 5.8% YoY. According to the company statement, the output rise allowed processing factories to increase coal processing and concentrate manufacture – to 5.4 and 3.4 million tons respectively. In Q1 DTEK Rovenkiantrazit, DTEK Sverdlovantrazit and DTEK Komsomolets Donbassa Mine anthracite output increased by 120.4%…
DetailsIn April bulk 6% moisture coke output in Ukraine totaled 1134 thousand tons, down by 1.3% MoM, or by 15 thousand tons. According to Metallurgprom, in January-April Ukraine produced 4444 thousand tons of coke, up by 34.9% YoY, or by 1151 thousand tons. (Ukrainian metal)
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