Ukraine: Ilyich-Stal sells 99% stake in Ilyichevskoye Insurance

Ilyich-Stal has sold a 99.46% stake in the Ilyichevskoye Insurance Company and is its shareholder no longer.

The buyer of the shares is not disclosed.

Ilyich-Stal is owned by Metinvest. (Ukrainian metal)

Ukraine: Metinvest expecting steel consumption to increase in 2017

In 2017 Ukraine will consume 4.6 million tons of steel, up by 7% YoY. “We see activity increase in construction, agriculture and machine-building. So we expect steel consumption to increase by 5-10%, by 7% on average”, Metinvest marketing director Roman Kurashev said. Construction and machine-building will become the main drivers behind the consumption growth. In…

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Kazakhstan: processing prices up in January-October 2016

In January-October prices of processing companies increased by 16.2%, of mining – by 14.9% YoY.

Zinc prices went up by 50.9%, ferroalloy – by 47.7%, ferrous rolled metal – by 40.1%, precious metals – by 40%, lead – by 32.8%, aluminum – by 11.6%, copper – by 8.3%. (Ukrainian metal)

Ukraine: AMKR pays 72 million UAH for pollution

Prosecutors succeeded in making ArcelorMittal Kriviy Rih pay for pollution.

“A record. ArcelorMittal Kriviy Rih has paid 72.69 million UAH to the state for abnormal pollution”, the general prosecutor of Ukraine Yuri Lutsenko said. (Ukrainian metal)

Ukraine: DTEK Pershotravenskoye MG to mine 860 thousand tons of coal from new face

Pershotravenskoye Mine Group has put the 168th long face into operation. Its length is 300 m, and coal reserves – 860 thousand tons.

Since the beginning of the year the Mine Group has put 4 new long faces into operation. That’s one face more than planned. (Ukrainian metal)

Tajikistan: TALCO almost stopped

The Tajik Aluminum Company still experiences the aftermath of the emergency electricity cut off and calculates losses. “On October 28, because of the electricity cut off in some regions, TALCO was left without light”, information department director Igor Sattarov reported. In September the company operated 303 electrolysis baths. TALCO specialists believe that the electricity cut…

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Kazakhstan: Vostochnaya Processing Factory produces 250 thousand tons of coal concentrate

Vostochnaya Processing Factory produced around 250 thousand tons of coal concentrate after the modernization completion. This is the record high result in the whole history of the factory. Modernization cost totaled 6 billion tenge. “Our main consumer is, of course, ArcelorMittal Temirtau. But we also supply concentrate to Ukraine (Kriviy Rih) and Russia (Altai-koks and…

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Ukraine: metal output in January-October 2016

In January-October Ukraine produced 20.16 million tons of carbon steel, up by 5.5% YoY. Pig iron production increased by 8.7%, to 19.64 million tons, that of rolled metal – by 6.7%, to 17.87 million tons. Metallurgical coke output went up by 12.3%, to 10.74 million tons, while that of steel pipes dropped by 0.5%, to…

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Metals of Ukraine & Russia: hot-rolled coils, September 2016

Month

Ukrainian market, $/t, without VAT, EXW, $1/UAH25.897*

min

max

August

384

390

September

353

411

* – Ukrainian Hrivna and Russian Ruble exchange rates are as of 30.09.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)