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In February pig iron output in the world dropped by 2.18% YoY, to 90.084 million tons. According to the World Steel Association, the first place is occupied by China (53.775 million tons, down by 3.2% YoY). Ukraine is on the ninth position with 1.625 million tons, slightly short of US’ 1.8 million tons, but far…
DetailsThe board of directors of Russian hydropower giant RusHydro have approved the company’s $319.5 million participation in the long-running construction of the Taishet smelter of aluminum giant UC Rusal, RusHydro said in a statement on April 5. “The cost of RusHydro’s participation in the project stands at no more than $319.5 million (RusHydro’s stake in…
DetailsThe increased antidumping duties on railroad wheels made in Ukraine are in effect on the territory of the Eurasian Economic Union (Russia, Kazakhstan, Belarus, Armenia and Kyrgyzstan) from April 5. Previously the duty was 4.75%, now it is 34.22%. The decision was made on February 28. The previous duty was set in 2016, but it…
DetailsIn January-March Ukraine exported 9.487 million tons of iron ore raw materials valued at $700.842 million, up by 6.6% and by 4.5% YoY respectively. According to the State Fiscal Service, exports mostly went to Slovakia (15.81%), China (15.93%) and Poland (14.55%). At the same time Ukraine imported 9.006 thousand tons of iron ore raw materials…
DetailsIn Q1 Ferrexpo produced 2.585 million tons of iron ore pellets, down by 1.5% YoY. According to the group statement, it produced 149.9 thousand tons of pellets of 62% iron contents ore and 2.435 million tons of 65% ore. Manufacture of pellets of its own ore dropped by 1.6%, to 2.571 million tons, while of…
DetailsDTEK Dobropolye Central Processing Factory has completed the second project on lighting system replacement. 130 LED-lamps have been installed at the conveyer site, with 3.5 km of cable replaced. The company intends to reach 85% of savings on lighting there. This will allow it saving some 500 thousand kW-h, or 840 thousand UAH per year.…
DetailsTeams of DTEK Pervomayskoye and Ternovskoye Mine Groups on March 29 mined their first million tons of coal since the beginning of the year. In the Ternovskoye mine department, the mining areas No. 1 led by Vladimir Romankov and the site No. 6 led by Sergei Somchenko, were particularly distinguished. Both teams have already produced…
DetailsUkraine’s Cabinet of Ministers has obliged state-owned coalmines, which have accumulated significant wage debts owed to coalminers, to funnel 70% of proceeds from coal sales into the repayment of the delayed wages. The relevant decision was made at a government meeting on April 4. “It is proposed to adopt a protocol decision, which stipulates that…
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