In 2016 Metinvest companies received $45 million of additional profits from selling new products, that they started producing in 2010-2016. The 2016 share was $6 million. According to the group press service, last year it started producing 49 new types of products. The main consumers were the construction sector, machine-building and pipe industry. In 2010-2016…Details
The Asha Iron and Steel Works has commenced pilot operation of its briquetting line, the construction of which started in autumn 2016. The line was supplied by Spidermash (Yekaterinburg). The capacity of the line is 12 tons per hour. “The briquetting site with the size of 1824 square meters is in the ferroalloys warehouse No.…Details
The Neryungrinsky open-pit mine, a part of Yakutugol, has put into operation a Liebherr R 9200 excavator valued at 220 million rubles.
The machine was purchased within the modernization program.
This is the first time that such an excavator is used at the Neryungrinsky open-pit mine. (Ukrainian metal)
Volnogorsk Mining and Processing Works has ordered the Imex Minerals LLC the development of mined rock valued at 27 million UAH. By the end of March the company will have developed 700 thousand cubic meters of mined rock with transportation for 2.5 km at 39 UAH per 1 cubic meter. May 2016 prices were cheaper…Details
Ukraine’s Economy Ministry will investigate Russian exports of rolled steel and reinforcement steel bars for signs of dumping. The investigation will follow a complaint by ArcelorMittal Kriviy Rih, which said that imports of Russian reinforcing bars and rolled steel might be done at dumping prices, as export prices for the products in 2015 and 2016…Details
The anthracite coal, the delivery of which has almost been stopped because of the ATO zone blockade, is only transported to the Lugansk thermal power plant, situated in the Ukraine-controlled territory and belonging to DTEK. “35% of all the anthracite in stock at TPPs is that at Lugansk TPP”, energy complex department director Olga Buslavets…Details
In December 2016 Metinvest B.V. decreased revenue by 14% MoM, to $502 million. EBITDA in December 2016 totaled $132 million, up by 18% MoM. Metal division EBITDA in December 2016 was $30 million ($48 million in November), mining division – $110 million ($79 million). The total revenue of the metal division was $412 million, mining…Details
Mariupol Ilyich Iron and Steel Works output has dropped by 20% since the beginning of February. “In February sinter production decreased by 16%, or by 100 thousand tons, pig iron, steel and lime – by 20% on average”, the company CEO Yuri Zinchenko reported. According to him, since the beginning of the railroad blockade the…Details
In January the Saint Petersburg subsidiary of the First Cargo Company (PGK) transported 28 thousand tons of scrap, up 1.8 times YoY. The increase was the result of the growth of shipments to Severstal and NLMK companies. In particular, Severstal increased purchases 2.6 times YoY, to 24 thousand tons of scrap, and NLMK – 1.4…Details
In 2017 the Chelyabinsk Pipe Works plans to retain its last year position. “Our strategic goal is to increase exports under the growing competition on the local market in order to diversify regional trade”, the group CEO Alexander Grubman said. In 2017 ChTPZ intends to increase its share on the market by 3.9% by boosting…Details
The Chernomorsky Ship-Building Works (Nikolayev) will produce a lined barrel mixer for the Mariupol Ilyich Iron and Steel Works. The size of the mixer will be 2.8 meters (diameter) and 10 meters (length). Such mixers are used at sintering factories. Some 80 tons of rolled metal will be needed to produce the mixer. The price…Details
In January primary aluminum output decreased by 2.3% YoY, that of aluminum alloys – went up by 8.9%. According to the Federal Service of State Statistics, aluminum powder and flakes production increased by 20.2%, that of rolled wire, rods and sections – by 25.1%, plates, sheets, strips and bars – by 33.4%, and foil –…Details
The Kemerovo region adopted a local decree “On taxation of organizations that mine iron ore”. Because of the iron ore price drop, the mining in the region has been on the brink of profitability for the past couple of years. The regional MPs decided to decrease the tax burden of the ore-miners. From 2013 to…Details
In January Donetsk region industrial output (not counting the antiterrorist operation zone) decreased by 11.6% MoM, but went up by 5.3% YoY. Coal output totaled 1.3 million tons, down by 0.1% MoM, but up by 11.5% YoY. Coke production reached 502.8 thousand tons, up by 0.3% MoM, but down by 6.4% YoY. In January Donetsk…Details
In January Russia increase gold ingot output by 5.7% YoY.
According to Rosstat, the January results exceed the December 2016 by 42.5%. (Ukrainian metal)
In January CIS-countries produced 6.855 million tons of pig iron, up by 5.6% YoY, against 6.753 million tons in December 2016.
In particular, Kazakhstan produced 345 thousand tons of pig iron, up by 16.2% YoY, Ukraine – 2030 thousand tons, up by 5.7%, and Russia – 4480 thousand tons, up by 4.8% YoY. (Ukrainian metal)
The state enterprise Vostochniy Mining and Processing Works has ordered Vento Group LLC the transportation services valued at 1.7 million UAH. By the end of January 2018 the company will have transported 39 railroad cars with uranium concentrate at 43590 UAH from the Zheltye Vody-2 station of the Pridneprovskaya railways to the station Tomsk-2 of…Details
The state enterprise Selidovugol has concluded 3 agreements for the purchase of mine cables valued at 598 thousand UAH. Trade-Union Form LLC and Sangria Group LLC will supply 149 meters of cable for 199 thousand UAH each, at 1336 UAH per meter, while in open sales such cable is sold at 722-729 UAH per meter.…Details
Within the reconstruction of the power system at the Ust-Kamenogorsk Titanium and Magnesium Works, the SVEL Group, one of the major Russian manufacturers of electrotechnical equipment, has replaced the outdated machinery with its newest reactors. The RTST-10-1600-0.4 UZ reactors have been shipped to the customer and will be put into operation in March. According to…Details
The minister of energy and coal industry Igor Nasalik has confirmed the existence of the monopoly on the coal market. “State mines occupy 18-20% of the market, but we will increase their share. 80% is on behalf of Rinat Akhmetov’s DTEK”, he said. “So, the monopoly is quite obvious”. Earlier the previous energy minister Vladimir…Details
Azovstal Iron and Steel Works, a part of Metinvest, is operating at 55% of its capacity while the orders allow it to work at 80-85%. This is the result of the coke shortages following the railroad blockade. According to the company CEO Enver Tskitishvili, because of the blockade Azovstal stopped receiving coke from Avdiivka Coke…Details
In January Poltava Mining and Processing Works, a part of Ferrexpo, exported 906.8 thousand tons of iron ore pellets. The products were shipped to Europe and the Near East, as well as Japan, China and Korea. At the same time Karelsky Okatysh exported 516 thousand tons of pellets, Lebedinsky GOK – 432 thousand tons, Mikhailovsky…Details
Ukraine did not create the state coal reserves, as there were no problems with coal delivery prior to Donbass blockade, while the price of imported coal was much higher than that of the local coal. To diversify coal deliveries the minister of energy and coal industry Igor Nasalik suggests returning the so-called coal component of…Details
Mariupol Ilyich Iron and Steel Works has finished the capital repairs of its heating furnace No. 1 in the 3000 sheet-rolling shop. According to the company CEO Yuri Zinchenko the overhaul cost 6.5 million UAH. The repairs saw the replacement of the major part of mechanical equipment: 260 reiters and 16 units of swivel joints.…Details
In 2016 the Russian enterprises of Severstal-Metiz started producing over 100 new types of products. The largest increase in new products (over 50 types) was in the sizing segment, mostly new types of steel shaped sections, railroad fasteners and small ironware, in particular sections No. 2589 for the manufacture of tracks, screws with flat washer,…Details
According to the National Statistics Department of Georgia, in January the trade turnover with Turkey, the second largest trade partner of the country, reached $85.93 million, with exports at $15.93 million, up by 77.4%, and imports at $70 million, down by 5.3%, both YoY. In particular, steel pipes imports from Turkey totaled 3163 tons valued…Details