The Tajik government intends to purchase the Sozidaniye Business Center and the Hyatt Regency Hotel that are located in Dushanbe from Russian aluminum giant, United Company Russian Aluminum (Rusal). The sides have reached an agreement and the Tajik Aluminum Company (TALCO) will pay Rusal around $150 million over a 10-year period. Meanwhile, a source familiar…Details
Ukraine’s National Security and Defense Council (NSDC) has instructed the country’s government to urgently take exhaustive measures to neutralize the threats to Ukraine’s energy security. The relevant NSDC decision, dated February 16, was enacted by the presidential decree No. 37/2017 published on the Ukrainian president’s official site. “The Ukrainian Cabinet of Ministers is forthwith to…Details
Coal Energy S.A. (Luxembourg) with assets in Ukraine in January reduced coal production by 28.6% (by 11,633 tons) as compared to the same period of 2016, to 29,035 tons, the press service of the company has said. Compared with December 2016 the fall was even more significant – 43.7% (by 22,502 tons). Coal Energy includes…Details
In 2016 Rusal produced 3.685 million tons of aluminum, up by 1.1% YoY, and sold 3.818 million tons, up by 4.9%. Aluminum produced at Boguchansk Aluminum Works saw the highest increase in sales. Bauxite extraction went up by 0.6% YoY, to 12.187 million tons, nepheline ores – by 7.8%, to 4.432 million tons, alumina –…Details
In 2016 Russia exported 3.481 million tons of raw aluminum, up by 0.6% YoY. According to the Federal Customs Service, exports to far foreign countries increased by 0.2% YoY, to 3.414 million tons, to CIS-countries – by 38.2%, to 67 thousand tons. Aluminum exports revenue totaled $4.988 billion, down by 17.9% YoY, including $4.875 billion…Details
In 2016 Russia exported 3.16 tons of corrosion-resistant steel rods valued at $9.8 million, up by 54% and by 29% YoY respectively. Almost half of the rods were supplied to Ukraine. Deliveries there increased 2.85 times as compared with 2015. In December 2016 the price of rods was $1731 per ton FOB. Belarus imported some…Details
In 2016 Korshunovsky Mining and Processing Works shipped around 6 thousand tons of scrap. Ferrous and non-ferrous metals scrap is created as the result of the industrial activity of the enterprise. To transport this volume of scrap the company used 94 railroad cars. Ferrous scrap is sent for processing to the main consumer – Chelyabinsk…Details
Ukraine has blocked the exports of anthracite coal for the period of the emergency state in the energy system. According to the Prime Minister of Ukraine Vladimir Groysman, the decision has been taken following the blockade of railroad transportation to and from the temporarily occupied regions, where the anthracite coal is mined. The emergency state…Details
U.K.-based mining giant Evraz, which operates mainly in Russia, plans to invest 1 billion rubles in development of the Yesaulskaya coal pit in the Kemerovo region, the company said in a statement. Under the investment project, the 29a coal bed with booked reserves of more than 10 million tons of gas-fat coking coal will be…Details
In 2000-2015 Russian metal companies invested a lot into their own development to increase competitiveness and satisfy the local demand in metal products both in quality and in volume. Russian Steel enterprises investments into ferrous metallurgy in 2000-2015 totaled 1.868 trillion rubles, with annual investments growing from 23 billion in 2000 to 135 billion in…Details
In January Ukrainian metal companies increased gas consumption by 5.2% YoY, or by 10 million cubic meters, to 200 million cubic meters. In December 2016 gas consumption grew by 35 million cubic meters MoM, to 190 million cubic meters. January average daily gas consumption totaled 6.5 million cubic meters, up by 0.3 million MoM. Electricity…Details
Energomashspetstsal will supply 85 tons of billets to Presezzi Extrusion (Italy).
According to the contract, the delivery is scheduled for June. The billets will be used to produce specialized machinery.
EMSS has been supplying large-scale parts to Presezzi Extrusion for over 12 years. (Ukrainian metal)
In January Magadan region mined 930.8 kg of gold, up by 223.8 kg YoY, and 60.4 tons of silver, down by 14.5 tons. The decrease in silver output has been planned due to the industrial programs of the main silver-mining companies. The leader of the winter gold mining was the Severo-Evensk city district with 382.8…Details
The Monchegorsk site of the Kola Iron and Steel Works, a part of Norilsk Nickel, has finished the modernization of the bulk machinery warehouse. The warehouse with the size of 2.5 thousand square meters saw the replacement of walls and roof, new lighting system assembly, as well as the disassembly of old racks, which were…Details
The Pipe Metallurgical Company has announced the increase of all of its Russian division pipe product prices by 5% from March 1. The increase will affect all categories of consumers. The main reason for the price increase is the growth of raw materials cost and other industrial expenses in H2 2016, which affected the prime…Details
Severstal will invest 37 million rubles into the improvement of the industrial site infrastructure at Cherepovets Iron and Steel Works. All the measures will be taken in the first part of the year. According to the company press-service, the project will provide for following safety precautions during the movement of the personnel on the industrial…Details
ArcelorMittal Kriviy Rih following the results of 2016 has paid the reward, or the so-called 13th salary, to its employees. On February 10, the money was transferred to their accounts. The reward is paid in the form of an average monthly salary in 2016. The company also paid the mobilized employees. Steel Service, a daughter…Details
In 2016 revenues from Donetsk region exports (not counting the ATO zone) totaled $3.4 billion, down by 7.2% YoY. Still, the region accounted for 9.4% of all the export revenue in Ukraine, being third only after Kiev and Dniepropetrovsk region. Donetsk region exported to 105 countries in 2016. Almost half of export revenue accounts for…Details
In 2016 Lemtrans transported 60.2 million tons of various cargoes by rail in total. Coal and iron ore account for the biggest share of shipped cargo. In particular, the company transported 24.72 million tons of coal and 19.94 million tons of iron ore. The biggest growth was seen in the transportation of coke: a 46.8%…Details
Russia’s Magnitogorsk Iron and Steel Works may allocate 60% of its free cash flow on dividends for July-December 2016, the company said in a statement. “On the back of strong profitability and lower debt load, the company’s management decided to recommend that the board of directors pay dividends representing 60% of free cash flow for…Details
The blockade of coal supplies from the occupied territories threatens national security, Ukrainian Prime Minister Volodymyr Groysman said at a Cabinet’s meeting. “As for the blockade, I strongly oppose any smuggling, and the result of this struggle is additional 18 billion UAH in budget proceeds. I agree that we need to stop the movement of…Details
In January Ukrainian companies increased ferroalloys output by 35% YoY, to 89.72 thousand tons. According to the Association of Ukrainian Ferroalloy Producers, silicomanganese output totaled 66 thousand tons, up by 31.77% YoY, ferromanganese output – 13.88 thousand tons, up by 75%, and ferrosilicon – 8.89 thousand tons, up by 13.25%. Metallic manganese production went up…Details
In January Ukraine imported 78.373 thousand tons of nickel ore and concentrate valued at $3.74 million, up by 18.5% but down by 27.8% YoY respectively. According to the State Fiscal Service, all the raw materials came from Guatemala. Last month Ukraine did not export or re-export these products, while in January 2016 it exported 51…Details
In 2016 MMK increased its net profits 2.5-fold YoY, to $1.111 billion. According to the company statement, its free cashflow totaled $728 million. EBITDA increased by 17.3% YoY, to $1.956 billion. Company revenues dropped by 3.6% YoY, because of the low sale prices. This year MMK forecasts the increase in steel demand in Russia by…Details
Yuzno-Sakhalinsk is carrying out a major project on the construction of the Aqua-City multi-functional complex, which will become the largest aqua-park in the Far East.
Andrometa supplies metal structures for the construction. So far the company has supplied 2 thousand tons of welded structures. (Ukrainian metal)
In 2016 Russia increase raw zinc output by 4.7% YoY.
According to the Federal Service of State Statistics, in December 2016 raw zinc production went up by 16.4% YoY and by 19.1% MoM. (Ukrainian metal)