Under the increased competition with Turkish manufacturers, decline in prices for metal products and rise in the cost of energy resources, PJSC ArcelorMittal Kriviy Rih moved to more active measures to reduce costs and enhance energy efficiency. One of them is additional motivation programs for the employees. Thus, the company has launched a quarterly contest…Details
In 2018 Ukraine received $9.937 billion of revenue from the export of ferrous metals, up by 14.7% YoY. According to the State Fiscal Service, ferrous metals accounted for 20.99% of all the exports last year as opposed to 20.03% in 2017. In December 2018 ferrous metals export revenue was $760.141 million. At the same time…Details
Uralelectromed subsidiary (Manufacture of non-ferrous metals alloys) has started a program of advanced development to increase lead output.
According to the subsidiary director Tagir Khafizov, the company is constructing a new building to house a casting conveyer and a packing line. (Ukrainian metal)
In 2018 Dalpolymetal mined 858,623 tons of polymetallic ore, up by 17 thousand tons from the target. This is the highest result in the past 20 years. Last year investments in development exceeded 500 million rubles. This resulted in the processing factory producing 10.5 thousand tons of lead concentrate and 17.5 thousand tons of zinc…Details
Yevgeniy Baranov has been appointed the managing director of Trubodetal.
He has replaced Dmitry Markov, who has been in the office since July 2015.
Baranov has earlier been a director of the large diameter pipes division at Vyksa Iron and Steel Works. (Ukrainian metal)
Evraz NTMK has finished modernizing the automatization system of the continuous casting machine No. 1.
The system has been in used since 1995 and has been based on Siemens S5 equipment.
Following the modernization the company has switched to S7. (Ukrainian metal)
Subsidiaries of the United Mining and Chemical Company have concluded two agreements with Energy Trade Group LLC on the delivery of gas valued at 280.04 million UAH. In particular, Volnogorsk Mining and Processing Works ordered 16.8 million cubic meters of gas at 11.750 thousand UAH per 1 thousand cubic meters with the payment within 4…Details
In 2018 Ukraine decreased scrap exports by 33% YoY, to 327.547 thousand tons, valued at $105.646 million, down by 13.3%. According to the State Fiscal Service, in December 2018 Ukraine exported 7.488 thousand tons of scrap, in November – 3.863 thousand tons, in October – 8.274 thousand tons, in September – 7.59 thousand tons, in…Details
In 2018 Yuzhniy Mining and Processing Works decreased concentrate output by 0.2% YoY, to 12.247 million tons. According to the company press-service, sinter manufacture dropped by 6.04%, to 1.746 million tons. In December 2018 UGOK produced 986.3 thousand tons of concentrate and 195 thousand tons of sinter, up by 8.6% and by 46.07% YoY respectively.…Details
Precious metal prices increased in Azerbaijan. The price of gold grew by 23.171 manats, to 2,202.8515 manats per ounce on January 10 compared to the price on January 9. The price of silver went up by 0.2096 manats, to 26.772 manats per ounce. The price of platinum increased by 6.4345 manats, to 1,405.492 manats and…Details
Rosterminalugol JSC, operator of Russia’s largest dedicated coal port (run by Port Management Company, PMC LLC), shipped 19.9 million tons of export coal in 2018, up by 5% from the target. The company handled 288 vessels with average shipload of 69,149 tons and unloaded 276,297 railcars. According to the statement, the high results were achieved…Details
In 2018 Ukrzaliznytsia transported over 273 thousand cargo cars with iron ore raw materials to the western border of Ukraine, up by 3% YoY. According to the acting chairman of Ukrzaliznytsia Yevgeniy Kravtsov, transportation volumes depend not only on the availability of the rolling stock, but also on the operation of all parties of the…Details
Co-owner of the ATB, a major retail network, Gennadiy Butkevich has become a major owner of the Nuclear Energy Systems of Ukraine LLC, which in 2017 obtained a right to develop 4 uranium deposits. Butkevich now owns 83.4% in the company. NESU has the licenses to develop Safonovskaya and Mikhailovskaya uranium fields in Nikolayev region,…Details
As of December 1, 2018 the salary debt to state miners was over 196 million UAH.
The total indebtedness was 234.7 million UAH, up by 84.1 million UAH since the start of the year.
Recently the Kurakhovskaya mine employees have announced a hunger strike because of non-payment of salary. (Ukrainian metal)
Hunger strikes at Selidovugol mines have been going for a week already. The Kurakhovskaya mine employees have been joined by another laboratory worker. While some other laboratory employees are not striking, they nevertheless refuse to work, until they are paid salary for the past 4 months. The strikes began on January 2. On January 4…Details
The State Expertise Service has approved the project to construct a mine at the Yubileynoye deposit. It is expected that 78,399 cubic meters of rock will be in development for 7 years. The reserves of the deposit are over 100 million tons of copper ore. At present Bashkirskaya Med LLC is developing some parts of…Details
OTP Bank has sold the rights to demand teh return of the problem loan from Interpipe with a discount of up to 80%.
The loan of $10 million was provided in 2013.
Lately the company has not been servicing the debt in full. (Ukrainian metal)
An employee of ArcelorMittal Kriviy Rih has perished as a result of the falling under the wheels of a BelAZ.
According to the press-service, the department of the National police in Kriviy Rih has started an investigation under the clause of the labor safety violation. (Ukrainian metal)
Last year Dneprovsky Iron and Steel Works decreased rolled metal output by 1.4% YoY, to 789 thousand tons. Steel manufacture grew by 0.4%, to 921 thousand tons, while pig iron dropped by 12.4%, to 892 thousand tons. In December 2018 the company produced 81 thousand tons of rolled metal, 93 thousand tons of steel and…Details
Shyrokovskyi district requested PJSC ArcelorMittal Kriviy Rih to purchase New Year gifts for children. 558 sweet sets were handed over to the community. Funds for gifts purchasing were provided by the Charity Fund of the company. Before the New Year, the children from fourteen villages of the community, on which territory there are three kindergartens…Details
An interdepartmental working commission has been established to study the situation at Kum-Bel coal deposit, the Information Support Department of the Cabinet of Ministers reported. “Problems that have arisen at Kum-Bel coal deposit are being studied now. Samples were taken for water analysis. According to the materials of the interdepartmental working group, they will make…Details
The prices for precious metals varied in Azerbaijan on January 9. The price of gold decreased by 1.581 manats, to 2,179.6805 manats per ounce compared to the price on January 8. The price of silver grew by 0.1311 manats, to 26.5624 manats per ounce. The price of platinum went up by 4.879 manats, to 1,399.0575…Details
Ukraine has covered the quotas for the delivery of metal products to EU by 55-100%. As of January 7, Ukraine has supplied 2.72 million tons of hot-rolled metal to EU, or 63.734% of the quota. The quota for the cold-rolled metal has been 54.93% fulfilled (724 thousand tons supplied), plates – 60.35% (870 thousand tons),…Details
In 2018 Ferrexpo increased pellets output by 1.6% YoY, to 10.6 million tons. According to the group statement, in Q4 2018 it produced 2.9 million tons of pellets, up by 7.2% QoQ. This year Ferrexpo expects pellets output on the last year level due to some repairs. Sales in 2018 will amount to 10.2 million…Details