Ukraine: Metinvest posts 2.6% rise in revenues in November 2016

The revenues of Metinvest B.V. (the Netherlands), the parent company of Metinvest international vertically integrated steel and mining group, in November 2016 increased by 2.6% MoM, to $584 million. According to the company’s preliminary unaudited consolidated financial statements in accordance with IFRS, EBITDA in November 2016 amounted to $112 million, which was slightly below this…

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Russia: NLMK decreases dust emissions

The Novolipetsk Iron and Steel Works has completed the reconstruction project of the dust-suppressing system in the open warehouse in the refractory shop.

This allowed decreasing dust emissions when unloading at the warehouse by 50%, and in the refractory manufacture by 5% on the whole.

Investments into the project totaled 61 million rubles. (Ukrainian metal)

Kazakhstan: AMT sees management rotation

The ArcelorMittal CIS CEO Paramjit Kahlon has presented new top-managers of ArcelorMittal Temirtau. In particular the team was joined by Ashok Sontalia, the financial director, Vadim Basin, the repairs director, Andrei Berg, the steel department director, Yevgeny Romashin, the coal department director, Maurilio Botelo, Orken LLC director, Anna Adom, HR director, Serik Bekembayev, legal director,…

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Russia to resume beryllium manufacture

The Tomsk Polytechnic University and the scientific-manufacturing enterprise Redkiye Metally Sibiri (Rare metals of Siberia) have completed the first stage of beryllium manufacture creation. The start of the first stage is Krasnokamensk (Zabaikalsky krai) using the technology developed in the university is scheduled for late 2018 – early 2019. At present only two countries mine…

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Ukraine: Volnogorsk Works buys expensive containers

Volnogorsk Iron and Steel Works, a subsidiary of the United Mining and Chemical Company, in December 2016 ordered soft PP containers valued at 32.5 million UAH from Delis-Prof LLC. This year the company has to supply 168 thousand various containers and 2 thousand PP inserts. The price of most products exceeds those of last year…

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Russia: copper output up in 2016

In 2016 raw copper output in Russia increased by 0.7% YoY.

According to the Federal Service of State Statistics, copper rods and sections output went up by 18.8% YoY, plates, sheets, and strips – by 3.9%, while that of wire decreased by 11.8%, and of foil – by 8.3%. (Ukrainian metal)

Ukraine: coal stocks down in 2016

In 2016 coal stocks in Ukraine decreased by 34.6% YoY, to 4.183 million tons.

According to the State Statistics Service, this does not take into account the temporarily occupied territories of Crimea and the Antiterrorist operation zone. (Ukrainian metal)

Russia: Rusal prices $600 million debut Eurobond

Rusal has announced the successful pricing of a debut Eurobond transaction with the following key parameters: size $600 million, maturity 5 years, coupon 5.125%. Proceeds of the issuance are planned to be used for refinancing the company’s current indebtedness. Vladislav Soloviev, Rusal’s CEO said: “We are delighted to win overwhelming support for our debut Eurobond…

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Kazakhstan to lose Russian coal market

The prime minister of Kazakhstan Bakytzhan Sagintayev said that the country might soon lose the Russian coal market. “We have long been witnessing that Russia has been decreasing coal purchases. And the technologies are developing fast. Soon we might lose the market that we have today. We need to think of some other ways”, he…

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