In January-March Russian Coal mined 4.045 million tons of coal, up by 8% YoY. The highest growth in output was demonstrated by the enterprises of Krasnoyarskkraiugol – up by 16%. The company explains this with the high demand from the Asia-Pacific region. “Despite the decrease in coal consumption in Europe, the demand for this fuel…
DetailsA working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Denis Safin, Director General of Zagorsky Pipe Works, took place in Moscow. In March large-diameter pipes produced by Zagorsky Pipe Works, namely electric-welded longitudinal steel pipes with a diameter of 1,020 to 1,422 mm, were included in the register of pipe products…
DetailsIron ore from Severstal could be supplied to Yenakievo and Alchevsk Iron and Steel Works, which were occupied by the terrorists organizations DPR and LPR in March. The Russian Railroads have already agreed to a 25% discount on such transportation. Iron ore raw materials will be transported from the Cherepovets-2 station in Rostov region and…
DetailsThe president of Ukraine Petr Poroshenko suggests taking coal from Ukrainian power companies if they import it from Russia. “The next issue that the president is going to discuss with the National Security Council is the possibility of confiscating coal, which is sent from the occupied mines in Donbass to Russia, and then sold back…
DetailsOn April 10, AREVA and Kazatomprom signed a major agreement to strengthen their long-standing cooperation in the uranium mining sector in Kazakhstan, Kazatomprom informs on its website. The official signing ceremony took place in Astana in the presence of the Minister of Energy of the Republic of Kazakhstan Kanat Bozumbayev and the Chairman of the…
DetailsMagadan region plans to produce 30.5 tons of gold in 2017 to hit a record high of the past years, the regional government said in a statement on April 10. “The Magadan region demonstrated a stable rise in lode gold output from 2009 through 2016. Production rose by 6.4 tons from 5.5 tons to 11.9…
DetailsUkrgrafit could be shut down because of the lack of the main raw materials – anthracite coal. At present the company has to import coal from Russia. Ukrgrafit manufactures electrodes and other coal-graphite products for metal companies. Before the blockade it imported raw materials from the militants-controlled area of Donbass. When these deliveries ceased, the…
DetailsIn March Ukraine mined 2.98 million tons of coal, down by 12.8% YoY, or by 438.2 thousand tons. The decrease has to do with the militants occupying coal enterprises of DTEK. According to the Ministry of energy and coal industry, the total yield of DTEK mines (Komsomolets Donbassa, Sverdlovantrazit and Rovenkiantrazit), is 30.3 thousand tons,…
DetailsIn January-March Zaporozhogneupor increased unmolded refractories output by 15% YoY, to 1.831 thousand tons.
At the same time molded refractories output (refractory concretes, mixes and masses) decreased by 5%, to 24.222 thousand tons.
In March the company produced 9207 tons of molded and 489 tons of unmolded refractories. (Ukrainian metal)
In 2016 Russian Copper Company received 3.957 billion rubles of net profits. Among its main enterprises Mikheevsky GOK yielded the most: its profits reached 3.874 billion rubles. Aktyubinsk Copper Company (Kazakhstan) received 3.34 billion rubles of net profits, Karabashmed – 2.523 billion rubles, Kyshtym Copper Smelting Works – 1.34 billion rubles. Aleksandrinskaya Mining Company received…
DetailsCherepovets Iron and Steel Works, a part of Severstal, has started assembling the main equipment for the new coating shop No. 3. The crane with the lifting capacity 35/15 tons has already been assembled. The crane costing 50 million rubles has been especially developed for this site. “Thanks to the new shop our company will…
DetailsAs of early April 10, anthracite stocks at the thermal power plants totaled 399.5 thousand tons, down by 10.1% WoW. According to the Ministry of energy and coal industry, gas-coal stocks increased by 2.7%, to 1.42 million tons. More than half of the anthracite (203.7 thousand tons) is stored at the Lugansk TPP. Altogether coal…
DetailsZaporizhstal has completed the large-scale assembly at the blast furnace No. 3 being reconstructed. “We’re carrying out electric and technical work and starting testing the equipment”, the company CEO Rostislav Shurma said. The gigantic crane Mammoet with the lifting capacity of 1600 tons has finished its work at the reconstruction. Soon it will be disassembled…
DetailsYenakievo Iron and Steel Works, occupied by the Donetsk People’s Republic terrorist organization, has to receive the first batch of raw materials this week.
“We have signed all the necessary documents. With the new raw materials we will be able to resume operation at EMZ”, the Donetsk militants leader Alexander Zakharchenko said. (Ukrainian metal)
Beloretsk Iron and Steel Works, a part of Mechel, has prolonged its loan line from Gazprombank till April 2022. According to the company statement, the volume of the loan is 3.1 billion rubles, or 19.9% of the assets cost as of the end of Q1. The initial agreement with the bank was signed in April…
DetailsUral Mining and Metallurgical Company has increased its share in Chelyabinsk Zinc Works to 97.714%.
Last year ChTsZ produced 174.803 thousand tons of zinc and alloys as opposed to 171.002 thousand tons in 2015. (Ukrainian metal)
Ferrum has received the new pipe-welding mill. The mill produces thin-walled cold-rolled pipes with 0.5-1.6 mm wall thickness. This will be a unique product for Novosibirsk region. The mill will be put into operation in late May. Ferrum started producing electric-welded pipes in 2015. It has 3 mills with the total capacity of 15 thousand…
DetailsA working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Anatoly Sedykh, Chairman of the Management Board of United Metallurgical Company (OMK), took place in Moscow. It was noted that the long-term cooperation between the companies had strategic importance. Pipe products made by OMK comply with high standards and requirements set by…
DetailsMetal railroad exports in January-March decreased by 6.3% YoY, to 7.07 million tons, imports increased 3.9-fold, to 160 thousand tons. Railroad metal throughput in Q1 dropped by 4.7% YoY, to 7.23 million tons. Railroad metal delivery to port Novorossiysk for exports dropped by 12.2%, to 2.6 million tons, Tuapse – by 0.7%, to 560 thousand…
DetailsBecause of the railroad accident on the Volnovakha-Karan route, Mariupol Ilyich Iron and Steel Works will not produce 11 thousand tons of pig iron. “Minus 3 trains with raw materials through Kamysh-Zarya route on April 8, minus 8 trains today, this means we will lose 11 thousand tons of pig iron in production (around $4…
DetailsMoody’s international ratings agency has improved Ferrexpo plc corporate rating from Caa3 to Caa2. Default risk rating has been increased from Caa3-PD to Caa2-PD, while its bonds from Caa3 to Caa2. The outlook on all ratings is stable. In 2016 Ferrexpo, which controls Poltava and Yeristovo Mining and Processing Works, received $189.2 million of net…
DetailsMariupol Ilyich Iron and Steel Works has finished the capital repairs of its blast furnace No. 3. “In 12 days all the repair work has been successfully completed”, the company CEO Yuri Zinchenko wrote on his Facebook page. The repairs will allow the blast furnace to reach its maximum capacity – 3450 tons of pig…
DetailsPJSC ArcelorMittal Kriviy Rih hosted the meeting devoted to development of strategic approaches for improvement of the ecosystem of Ingul river basin within the Program to support the green modernization of the Ukrainian economy being implemented by German Society for International Cooperation “GIZ”. The main objective of the informative meeting was to find the efficient…
DetailsPJSC ArcelorMittal Kriviy Rih obtained a patent of Ukraine for elaborated method of practical use of steelmaking by-products in agriculture. Copyright protects the method of steelmaking slag usage as a fertilizer (ameliorant) for deoxidization of acidic soils and increase of harvest level of various agricultural crops. Development and application of a new method of soils…
DetailsThe military Prosecutor General’s Office of Southern region of Ukraine has proposed to the Economic Development and Trade Ministry of Ukraine to impose sanctions on Ukrainian Chemical Products (earlier Crimean Titanium, a part of Dmytro Firtash’s Group DF) in the form of temporary suspension of foreign economic operations, the ministry has reported on its website.…
DetailsMetinvest B.V., the parent company of a vertically integrated group of steel and mining companies (“Metinvest”), announces that following the successful debt restructuring completed in March, international rating agencies Moody’s Investors Service (“Moody’s”) and Fitch Ratings (“Fitch”) have both upgraded Metinvest’s credit ratings to ‘Caa2’ (‘stable’ outlook) and ‘B’ (‘stable’ outlook), respectively. According to a…
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