Kazakhstan: Investment Fund to sell Uralsk Metal Works shares

On April 4, the Investment Fund of Kazakhstan will try to sell 29.77% of the Uralsk Metal Constructions and Galvanizing Works shares.

The shares are evaluated at 161.2 million tenge. This will be the starting price.

As of the date of evaluation (September 30, 2016) the works was idle. (Ukrainian metal)

Russia: Usmanov and Mordashov asked to help terrorists with iron ore

The deputy chairman of the Russian government Dmitry Kozak suggested the major industrial groups to supply iron ore to the militants of the so-called Donetsk and Lugansk People’s Republics. In particular, Alisher Usmanov’s Metalloinvest and Alexei Mordashov’s Severstal representatives attended the meeting with Kozak. According to a source, the issue of iron ore deliveries to…

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Ukraine: SevGOK halts half of pelletizing machines

The Severniy Mining and Processing Works has stopped half of its pelletizing machines because of the railroad blockade of the occupied territories. “Ukrainian metal industry has dropped to the 5-year minimum, the companies have started shutting down. Dneprovsky Iron and Steel Works operates only one blast furnace, the employees have received 25% of the January…

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Russia: Korshunovsky GOK puts new separators into operation

The processing factory of the Korshunovsky Mining and Processing Works, a part of Mechel, saw the replacement of 4 magnetic separators.

“The output of the new equipment is 100-160 tons per hour. Last year we replaced 6 separators and plan to replace 4 more this year”, the factory director Dmitry Oler said. (Ukrainian metal)

Ukraine: self-proclaimed DPR begins supplying coal to Russia

The self-proclaimed Donetsk People’s Republic (DPR) has sent the first, ‘trial’, consignment of its coal to Russia.

“Today first 95 wagons of coal departed. This is a trial consignment,” DPR leader Alexander Zakharchenko said.

Zakharchenko did not elaborate on any specific characteristics of the coal supplied. (Interfax-Ukraine/Ukrainian metal)

Ukraine: scrap procurement down in 2016

In 2016 scrap procurement dropped to 3.5 million tons, the lowest result in the last 20 years. The main reasons for this are the thinning of the main sources of raw materials, machine-building stagnation, decrease in dollar purchasing prices, etc. “Ukraine has a considerable reserve of the outdated metal. The total volume is 600 million…

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Russia: ferrous metals transshipment in ports up in January-February 2017

In January-February Russian ports transshipped 114.8 million tons of cargo, up by 8.2% YoY.

According to the Association of the Sea Trade Ports, the positive dynamics was the result of the increase in coal throughput (by 15.2% YoY, to 20.9 million tons) and ferrous metals (by 2.5%, to 4.5 million tons). (Ukrainian metal)

Russia: scrap deliveries to Amurmetal down in February 2017

In February Amurmetal, the only ferrous metallurgy enterprise on the Russian Far East, received 4.6 thousand tons of scrap via railroad, up 4 times MoM, but down almost 8-fold YoY.

According to the railroad statistics, in January-February railroad deliveries of scrap totaled 5.85 thousand tons, an absolute minimum in the last several years. (Ukrainian metal)

Russia: Kolyma gold output up in January-February 2017

In January-February the gold-mining companies of the Magadan region yielded 2133 kg of gold, up by 693 kg YoY.

Last year the region mined 28 tons of gold. This year the local authorities set a new target – 30 tons. The Pavlik deposits of Arlan are set to increase output by 1.5 tons. (Ukrainian metal)