The Kremlin never recommended Metalloinvest and Severstal to start supplying iron ore to the self-proclaimed Donetsk and Lugansk People’s Republics, the Russian president spokesman Dmitry Peskov declared. At the same time, according to him, Russia does everything possible to “ease the situation” on Donbass. Earlier mass media reported on the readiness of the Russian metal…
DetailsAt present Techno Tube, a part of Special Steels and Alloys company, operates 8 pipe-welding lines, including 6 TIG lines and 2 LAZER lines. According to the SSA CEO Semen Serikov, modernization allowed the works to produce 480 tons of welded pipes in December 2016. In 2017 the company plans to start producing 500 tons…
DetailsIn February Ukrainian metal companies decreased gas consumption by 25 million cubic meters MoM, to 175 million cubic meters. Average daily gas consumption totaled 6.3 million cubic meters, down by 0.2 million cubic meters. In January-February metal companies consumed 375 million cubic meters of gas, up by 18% YoY. Average daily consumption totaled 6.4 million…
DetailsOn March 1-13, the average daily metal output dropped by 7-9% MoM. According to Ukrmetallurgprom, as of March 14, 17 out of 28 blast furnaces (61%), 13 out of 21 converters (62%), 7 out of 9 open-hearth furnaces (78%) and 6 out of 16 arc-furnaces were in operation. Alchevsk, Yenakievo and Donetskstal Iron and Steel…
DetailsThe Lugansk regional customs paid 265.4 million UAH to the state budget in January-February, up by 79.6 million UAH YoY. The largest product groups generating imports are coking coal (171.7 million UAH, or 64.8% of the total import revenues), anthracite (27.6 million UAH, 10.6%) and iron concentrates (7 million UAH, 2.7%). Alchevsk Iron and Steel…
DetailsOMZ-Spetsstal, a part of OMZ, has concluded an agreement with the Admiralteyskie Verfy shipyard to deliver metal billets for the Project 636 Varshavyanka submarines. The company will produce billets of special steel grades with mechanical treatment. This is not the first cooperation of the two companies. Previously OMZ-Spetsstal produced and supplied forgings and sheets for…
DetailsOn April 4, the Investment Fund of Kazakhstan will try to sell 29.77% of the Uralsk Metal Constructions and Galvanizing Works shares. The shares are evaluated at 161.2 million tenge. This will be the starting price. As of the date of evaluation (September 30, 2016) the works was idle. (Ukrainian metal)
DetailsTwo companies – Kintero Limited and Belismo Limited (both from the Seychelles islands) have become owners of 19.3% shares of Nikopol South Pipe Works each. In particular, Kintero Limited increased its stake from 0% to 19.338041%, while Belismo Limited – from 0% to 19.337861%. The Transportno-investitsionniye technologii LLC (Kiev) has sold its 38.675721% of NTPZ…
DetailsThe total volume of investments by Kolmar into mining and processing complexes of Ingalinsky and Denisovsky in Yakutia is estimated at 28.4 billion rubles. This is envisaged in the agreements, signed by the Corporation of the Far East Development with Ingalinsky GOK and Denisovsky GOK on March 14. The companies are involved in the construction…
DetailsThe deputy chairman of the Russian government Dmitry Kozak suggested the major industrial groups to supply iron ore to the militants of the so-called Donetsk and Lugansk People’s Republics. In particular, Alisher Usmanov’s Metalloinvest and Alexei Mordashov’s Severstal representatives attended the meeting with Kozak. According to a source, the issue of iron ore deliveries to…
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