Pridneprovsk Railways, a part of Ukrzaliznytsia, considers the words of ArcelorMittal Kriviy Rih on the shortage of railroad cars an attempt to discredit and pressure the state transporting company. “We call unto the company management not to manipulate the corruption theme, but to seek for constructive and mutually beneficial ways to solve the problem”, the…Details
In 2017 Metinvest expects the steel consumption to slow down to 7% after a 26% jump in 2016. Next year the market will total 4.415 million tons against 4.122 million tons in 2016 and 3.269 million tons in 2015. Bars consumption will grow by 4% YoY, to 1.562 million tons, of shapes – by 17%,…Details
In January-November Ukrainian metal companies consumed 1.55 billion cubic meters of gas, down by 16% YoY. Average daily gas consumption totaled 4.6 million cubic meters against 5.5 million in January-November 2015. At the same time in November gas consumption increased by 10 million cubic meters MoM, to 155 million cubic meters. Average daily consumption totaled…Details
Ingulets Mining and Processing Works has paid 2.07 million UAH to the state budget for not keeping state assets. According to the State Property Fund, the local department checked the state property not taken from InGOK during privatization and kept by it. For not keeping 7 objects of the state property InGOK was fined for…Details
Interpipe has won a tender for the delivery of tyres to Ukrzaliznytsia (Ukrainian Railways). The auction was held on December 8, with two companies participating. “The expected price of tyres was over 44.5 million UAH, but thanks to the auction we were able to decrease it to 42 million. Another important aspect is that the…Details
ArcelorMittal Kriviy Rih has estimated its losses in January-June from the cooperation with Ukrzaliznytsia (Ukrainian Railways) on the level of 217 million UAH. “In 6 months we have lost 217 million UAH because of Ukrzaliznytsia. And Ukraine has lost 45 million UAH of taxes. Ukrzaliznytsia operation is damaging business”, the company CEO Paramjit Kahlon said.…Details
Norilsk Nickel Group and VDM Metals GmbH, the world’s leading producer of specialty steels and nickel alloys, announce a major 5-year contract for the supply of nickel. VDM Metals will use this nickel to manufacture high nickel content alloys for the oil and gas, chemical, petroleum, automotive and other industries. The contract was signed on…Details
On December 12, Lvivugol received 34 million UAH for products sold.
“All this money will be spent to pay salary to miners. Thanks to this money, they will be paid 80% of their October salary”, the first deputy of the Lviv regional state administration chairman Rostislav Zamlinsky said. (Ukrainian metal)
On December 1-11, coal stocks at the thermal power plants totaled 1.948 million tons, up by 110 thousand tons YoY.
Of them 928 thousand tons are of anthracite coal, including 140 thousand tons at Lugansk TPP.
Gas-grade coal stocks total 1.02 million tons, with 114 thousand tons at Burshtyn TPP. (Ukrainian metal)
ArcelorMittal Temirtau has completed the cycle of its blast furnace modernization. According to the company statement, its blast furnaces No. 2, 3 and 4 can now produce 14 thousand tons of pig iron per day. AMT plans to increase steel output to 6 million tons per year. BF No. 4 modernization allows increasing steel output…Details
From the beginning of the year Dalpolymetall produced 36.5 thousand tons of concentrate.
According to the company statement, in November it produced 1.2 thousand tons of lead concentrate and 1.7 thousand tons of zinc concentrate valued at 221.5 million rubles.
In January-November Dalpolymetall sold 2.5 billion rubles worth of products. (Ukrainian metal)
In January-November Izhstal, a part of Mechel, produced 346 thousand tons of rolled metal, up by 48% YoY. According to the company statement, steel smelting went up by 30% YoY, to 237 thousand tons, with rolled metal output up by 33% YoY, to 315 thousand tons. Sales volumes increased by 53%. The increase in output…Details
In January-November the shortage of scrap in Ukraine reached 582 thousand tons. During 11 months Ukrainian metal companies received 2.9 million tons of scrap, with their need at 3.5 million tons. The main reason for the shortage is the record low scrap procurement – 3.1 million tons, down by 22% YoY, and by 36.3% than…Details
Interpipe has appointed new sales directors for CIS, EU, North and South America. According to the company statement, Vera Smal has been appointed CIS sales director. She has been working for Interpipe for 13 years. Daniel Valk is now responsible for North and South America sales. Previously he worked as the general director of Poltava…Details
In January-October Russian steel exports totaled 35.563 million tons, up by 3% YoY. Exports to far foreign countries accounted for 31.127 million tons. Ferrous metals exports (apart from pig iron, ferroalloys, waste and scrap) totaled 24.131 million tons, up by 4.6% YoY. Far foreign countries imported 20.859 million tons of ferrous metals. Semi-finished carbon steel…Details
ArcelorMittal Kriviy Rih intends to invest over $100 million into the construction of the new continuous casting machine. “We plan to build another CCM with the total capacity of 1.4 million tons per year. This requires investments in the amount of $100 million. And that’s just one of the investment projects we want to implement…Details
In 2016 ArcelorMittal Kriviy Rih intends to produce 7 million tons of steel. “That’s up by 10% of the plan”, the company CEO Paramjit Kahlon said. According to him, despite the high output capacities, the company experiences difficulties with raw material deliveries. In particular, AMKR has to import coal, coke and lime, as it can’t…Details
In January-November Zaporozhogneupor increased refractory concrete and mass output by 14% YoY, or by 0.245 thousand tons, to 2 thousand tons. In November the company produced 165 tons of refractory concretes and masses, down by 2% YoY, or by 3 tons. Mixes output in January-November went up by 38% YoY, or by 1.433 thousand tons,…Details
The Korean Trade Commission (KTC) has announced its intention to initiate an antidumping investigation on ferromanganese and silicomanganese products imported from Vietnam, Ukraine and India. The move followed a petition lodged by Korean businesses namely Dongbu Metal, Simpac Metal, Simpac Metalloy and Taekyung Industrial. The period subject to investigation is between July 1, 2015 and…Details
Metinvest B.V. (the Netherlands), the parent company of Metinvest international vertically integrated mining and steel group, in January-September saw consolidated EBITDA rise by 21% YoY, to $989 million. According to preliminary financial results, its revenues during the reporting period fell by 15%, to $4.568 billion, while capital investment rose by 4%, to $199 million. Metinvest…Details
The cargo department at the railroad shop of the Sredneuralsky Copper Works, a part of UMCC, has purchased a new crane. The machinery costs around 12 million rubles. The crane will be used as a vibrounloader. It will be unloading open wagons with quartzite used in copper smelting. The old crane was built in 1965,…Details
Volzhsky Pipe Works, a part of TMK, has reached its annual continuous cast billet sales target ahead of time, having supplied over 129 thousand tons by December. Romania, Austria and Germany were the main consumers. The rest was sent to Sinara Pipe Works. VTZ is expected to overcome its target by 23% in 2016. (Ukrainian…Details