Supervisory board of Ingulets Mining and Processing Works has extended the office of the acting general director Alexander Gerasimchuk by 8 and half months from July 16, 2016 till April 3, 2017. The ex-managing director of Evrazruda A. Salkov was appointed InGOK CEO from August 21, 2013 till April 4, 2014. At the end of…Details
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In 2016 Ferrexpo-owned Yeristovo Mining and Processing Works plans to keep production on the level of 2015 – at 15 million tons of ore. Output volumes depend on orders from Ferrexpo and Poltava GOK, where this ore is turned into pellets. EGOK cannot process ore by itself as yet. Fe content in the EGOK-mined ore…Details
In August Ukrainian metal companies might decrease steel and rolled metal output by 4.5% and 5.3% MoM, to 2.1 million and 1.8 million tons respectively. According to Ukrmetallurgprom, pig iron output will remain on July levels – 2.1 million tons. In January-June steel output went up by 10% YoY, to 12.41 million tons, that of…Details
Month Russian market, $/t, FCA, without VAT, $1/RUR66.0825* min max April 60 161 May 61 194 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 31.05.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)Details
Supervisory board of Zakarpatvtormet has dismissed Alexander Alyaniy from the office of the chairman and general director. He also occupied the same office in Ternopolvtormet. Yuri Osipenko has been appointed instead. Osipenko used to work in Azovstal and Metinvest. Ternopolvtormet appointed Alyaniy in July 2015. Metalinvest Ltd owns 90.5459% of Ternopolvtormet and 98.0236% of Zakarpatvtormet.…Details
In January-June Ukrainian metal companies consumed 860 million cubic meters of gas, down by 20% YoY. In June gas consumption totaled 125 million cubic meters, down by 12% MoM, or by 17 million cubic meters. In H1 daily average gas consumption was on the level of 4.7 million cubic meters, as opposed to 6 million…Details
Severstal, one of the world’s leading vertically integrated steel and steel-related mining companies, announced its operational results for Q2 & H1 2016. Hot metal output decreased by 6% QoQ to 2.21 million tons (2.35 million tons in Q1) mainly impacted by short-term maintenance of BF No. 5 at Cherepovets Steel Mill (CherMK) during the quarter.…Details
Month Russian market, $/t, EXW, without VAT, $1/RUR66.0825* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.166* min max min max April 328 471 344 354 May 337 622 431 518 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 31.05.16 according to the National Bank of Ukraine and the Central Bank of the…Details
The first lawsuits against Interpipe NMTZ, Niko Tube and NTZ Alfa-Bank filed in August and September 2015. The bank wanted $5.7 million according to loan agreements of 2013 and $9 million and 41 million euro according to loan agreements of 2012. Interpipe had to return the debt by March 2015. But didn’t manage to. “Last…Details
Metinvest has to spend over $300 million to make its mining and processing works correspond to the European standards. “Some pollutions at our companies are already within the European norms, so we can only welcome the implementation of the European environmental standards in Ukraine. But it’s a long way, we have just passed a small…Details
Ecology and natural resources minister of Ukraine Ostap Semerak has visited Zaporizhstal and has been shown the modernization processes: sintering machine No. 5 gas-purifying system construction, as well as the already working gas-purifiers at sintering machines No. 1-4; sand bed exsufflation system of the blast furnace No. 4, as well as the hydrochloric acid digestion…Details
In January-June Ukraine imported $24.91 million worth of copper and copper wares, up by 14.9% YoY. According to the State Fiscal Service, copper exports dropped by 50.8% YoY, to $35.14 million. In June Ukraine imported $4.88 million worth of copper wares, while exports reached $5.8 million. Nickel imports in H1 decreased by 12.9% YoY, to…Details
On July 10, Krasnolimanskaya yielded 1 millionth ton of coal since the year start. “This is the 120-th million of coal since the mine started working”, said the company director Alexander Dubovik. (Ukrainian metal)Details