In July after a June drop steel manufacture started going up again, reaching 67 thousand tons per day, slightly less than in February. Rolled metal daily output grew to February levels to 59.1 thousand tons per day. Pig iron daily output jumped to April indexes with 67 thousand tons. In H1 Ukraine produced 14.49 million…Details
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Month Russian market, $/t, EXW, without VAT, $1/RUR64.2575* Ukrainian market, $/t, without VAT, EXW, $1/UAH24.854* min max min max May 18 21 26 30 June 19 22 27 31 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 30.06.16 according to the National Bank of Ukraine and the Central Bank of the…Details
In January-June Izhorsky Pipe Works, a part of Severstal, decreased sales of its large diameter pipes. ITZ sold 228 thousand tons of pipes, down by 20% YoY. Most pipes went to Power of Siberia and Ukhta-Torzhok-2 projects, as well as Gazprom repairs. LDP segment is in the most difficult situation. In H1 Russia produced 1.4…Details
In Q2 and H1 Rusal slightly increased its aluminum output by 0.3% QoQ, to 919 thousand tons, and by 1.5% YoY, to 1.83 million tons. The company worked at 95% capacity. Siberian works of Rusal produced 94% of the total aluminum output. In H1 Rusal sold 1.91 million tons of products, up by 5% YoY.…Details
Month Russian market, $/t, EXW, without VAT, $1/RUR64.2575* min max May 526 613 June 526 613 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 30.06.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)Details
In January-June Ferrexpo decreased its net profits by 33% YoY, to $77.77 million. According to the company statement, its revenues were down by 10.5% YoY, to $457.92 million, mostly due to the pellets price fall by 14%. Net profit dropped by 3.7%, to $265.77 million, with EBITDA down by 9%, to $160 million. Sales increased…Details
As part of its long-term investment program, Acron Group implements a project of complex apatite-nepheline rock processing at Veliky Novgorod production site to produce rare earth elements (REE) cerium, lanthanum, neodymium, concentrates of light, medium and heavy rare earth elements from apatite concentrate process flows. The annual capacity of REE operations is 200 tons of…Details
Month Russian market, $/t, EXW, without VAT, $1/RUR64.2575* Ukrainian market, $/t, without VAT, EXW, $1/UAH24.854* min max min max May 418 769 375 458 June 463 694 429 439 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 30.06.16 according to the National Bank of Ukraine and the Central Bank of the…Details
Interpipe, the Ukrainian industrial company and the only producer of railway wheels in Ukraine, has started experimental industrial trials at its new production site for finish machining of railway wheels. The facilities provide KLW with the ability to produce complex products that are in high demand in Europe, America and the MENA region. The total…Details
Beginning with September 1, ArcelorMittal Kriviy Rih is increasing salary to its employees by 10%. ”In addition to the wages increase, the socially vulnerable groups of employees will also receive 800 UAH per months for partial compensation of housing and utilities expenses from November 2016 till March 2017. Such additions will be given to employees…Details
Month Russian market, $/t, FCA, without VAT, $1/RUR64.2575* min max May 62 199 June 62 195 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 30.06.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)Details
Russia: Federal Security Service and Ministry of Internal Affairs praise Nornickel for professionalism during exercises
Norilsk Nickel Corporate Security Unit at Polar Division – the Polar Transport Branch – has taken part in Vikhr MED-2016 specialist tactical exercises targeted at suppression of a terrorist attack on a maritime economic entity. According to the script of the exercise, which involved over 300 persons, unidentified perpetrators captured a vessel offshore Dudinka Seaport.…Details
Severniy Mining and Processing Works has completed the program of drilling machines reconstruction at its Pervomaysky quarry. Investments into machinery overhaul totaled some 10 million UAH. According to SevGOK general director Pavel Timoshenko, the repair lasted for almost six months. 2 drilling machines have been completely repaired. “Now the maintenance and repair expenses will be…Details