NLMK Group, an international steelmaking company with operations in Russia, the USA and EU member states, informs that the management of the group is planning to recommend the third quarter dividends in the amount of $350 million equivalent of 75% of the reported free cash flow for the third quarter of 2016. On November 17,…
DetailsIn January-October Ukraine produced 20.16 million tons of carbon steel, up by 5.5% YoY. Pig iron production increased by 8.7%, to 19.64 million tons, that of rolled metal – by 6.7%, to 17.87 million tons. Metallurgical coke output went up by 12.3%, to 10.74 million tons, while that of steel pipes dropped by 0.5%, to…
Details“In the next 5 years scrap procurement in Ukraine will be falling”, Denis Morozov, Interpipe economy and finances director, believes. The previous forecast on scrap procurement in 2016 on the level of 2.8-2.9 million tons would probably be proven, he thinks. In 2017 Morozov expects scrap procurement to fall by 100 thousand tons, to 2.7…
DetailsIn January-October Zaporizhstal produced 3.27 million tons of steel, down by 1.4% YoY. According to the company statement, its pig iron output dropped by 2.5% to 3.06 million tons, and that of rolled metal – by 0.4%, to 2.83 million tons, all YoY. In October Zaporizhstal produced 317.4 thousand tons of pig iron, 333.4 thousand…
DetailsMonth Ukrainian market, $/t, without VAT, EXW, $1/UAH25.897* min max August 384 390 September 353 411 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 30.09.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)
DetailsThis year Interpipe has been delivering some 30-35 thousand tons of steel pipes to Russia each month. “We used to sell 10 time more – around 350 thousand tons”, the company economy and finance director Denis Morozov said. Interpipe is not expecting a considerable increase in exports to USA. “When the oil price fell, consumption…
DetailsThe power-generating coal of named after Stashkov mine and Dneprovskaya mine is supplied to Pridneprovskaya, Kurakhovskaya and Ladyzhinskaya TPPs. This year miners plan to yield 2.8 million tons of coal. “In Q3 DTEK increased investments by 23%. The additional 87.6 million UAH allowed us to increase output by 7.7% QoQ. Further investments this year will…
DetailsMonth Russian market, $/t, EXW, without VAT, $1/RUR63.16* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.897* min max min max August 460 699 368 417 September 440 682 343 420 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 30.09.16 according to the National Bank of Ukraine and the Central Bank of the…
DetailsChelyabinsk Zinc Works has put the sixth zinc cake rotary-kiln into operation. According to the company CEO Pavel Izbrecht, the kiln was cold-started in summer. This is the most expensive and the most important investment project of the company for the past 10 years. The putting of the kiln into operation is a part of…
DetailsNorilsk Nickel has decreased its own forecast on non-ferrous and precious metals output in 2016. In particular, nickel output is expected to fall to 195-200 thousand tons from 206-212 thousand tons of the previous forecast. The decrease would be the result of repairs at Talnakh processing factory. In 2015 Nornickel produced 266 thousand tons of…
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