OEMK (a part of Metalloinvest) has successfully completed major repair works at DRI Plant 2. This has enabled the plant to increase production from 88 to 110 tons per hour. The increased productivity at DRI Plant 2 will enable OEMK to boost direct reduced iron (DRI) production by nearly 200,000 tons per year. OEMK operates…
DetailsThe further fall of the world prices for iron ore threaten the operation of Ukrainian mining and processing works. According to the Federation of Ukrainian Metallurgists chairman Sergey Belenkiy, in just a week the prices have fallen by 15%, from $78 to $66 per ton. “If ore is cheaper than $60 per ton, some enterprises…
DetailsThe state enterprise Ukrpromvneshexpertisa believes that in September delivery of ferrous scrap to metal companies will grow by 9.8-13.7% MoM, or by 25-35 thousand tons, to 280-290 thousand tons. “In August deliveries totaled 255 thousand tons. We expect that in September they will be on the level of 280-290 thousand tons”, the company deputy director…
DetailsOn September 20 Ruspolymet put into operation a new radial forging shop. The new Austrian radial-forging mill operating together with two heating furnaces, two heat-treating furnaces, a mobile manipulator and three mills will provide for the manufacture of the high-quality rods for aviation, power, machine-building, chemical and oil-and-gas industries. The new machine will allow Ruspolymet…
DetailsOn September 25 the capital repairs of the Karabashmed chemical and metal works will start. The scheduled repairs will be carried out in three shops: metal, sulfur acid and power shop. The repairs are expected to last for 25 days. The metal shop will get two new Kumera converters with the volume of 150 tons…
DetailsIn August Ukraine ascended one more step in the 67-country Worldsteel rating, to the 11th position. Ukraine produced 1.8 million tons of steel, down by 5.5% YoY. China is still No. 1 in the world with 74.594 million tons of steel, up by 8.7% in August. To get back to the top-10, Ukraine has to…
DetailsNLMK, the largest steel producer in Russia and a leading international steel company, announces the closing of its $500 million 7-year Eurobond placement with an annual coupon rate of 4%. Interest payments on the Eurobonds are payable semi-annually. The proceeds from the issue will be used to finance the purchase of existing notes due 2018…
DetailsUkraine has launched a complaint against Kazakhstan’s use of antidumping duties on certain types of steel pipes imported from Ukraine, the World Trade Organization said. Ukraine has formally “requested consultations” with Kazakhstan, the first step in a trade dispute, which opens a 60-day window for Kazakhstan to settle the matter or face potential litigation. The…
DetailsThe deposits of rare-earth metals Kutessai-II and Kalesai were repeatedly put up for tender, the website of the State Committee for Industry, Energy and Subsoil Use reported. It is noted that the tender commission has established the amount of payment for the right to use the subsoil of the object of the tender in the…
DetailsNornickel has launched its new corporate website, now operating on two domains – www.nornickel.ru and www.nornickel.com, for Russian and English speakers, respectively. The new website is intended to enable users to develop consistent understanding of the company’s strategy, corporate governance principles, values and sustainable development policy. The new resource will help streamline the interaction with…
DetailsU.K.-based mining giant Evraz, which operates mainly in Russia, plans annual capital expenditures on coal assets at around $100 million until 2025, Sergei Stepanov, senior vice president and head of the coal division, reported on September 21. “Historically, the division spends around $100 million per year on capex on maintenance, without construction of new mines.…
DetailsProduction of thermal and coking coal in Ukraine declined by 9.2% YoY in January-August, to 23.606 million tons, according to the Ukrainian Energy and Coal Industry Ministry’s press service. State-owned mines alone produced 3.1 million tons of coal of the total output, while coal production at the state mines fell by 20% over the period…
DetailsInterpipe expects Ukrzaliznytsia to announced a new scrap auction in the coming weeks. “Ukrzaliznytsia is shipping the last batches of scrap to us following the latest auction. They still have to send us some 3-4 thousand tons. In the coming weeks we expect them to announce a new auction and we intend to participate”, the…
DetailsAccording to some sources the debts of the Donetskstal Group to the banks could reach $1 billion.
Creditors have doubts as to the company financial reports.
Among the largest creditors is ING Bank NV, the Ukrainian subsidiary of Sberbank, VTB Bank, Alfa-Bank, Delta Bank, etc. (Ukrainian metal)
Interpipe Steel is pondering the possibility of importing scrap from the USA. According to the company CEO Fadi Khraibe, scrap situation in Ukraine is complex, with a negative forecast. “At present the market is balanced. In November it will change. In Q1 2018 there will be a shortage of scrap and we will have to…
DetailsIn January-August raw copper output totaled 0.279 million ton, up by 5.5% YoY. In August copper manufacture increased by 4.1% YoY, but dropped by 7.1% MoM, to 0.033 million tons. Zinc production decreased by 0.3% YoY in January-August, to 0.217 million tons, with 0.028 million tons produced in August, up by 5.8% MoM and by…
DetailsKhakanjinskoye LLC intends to invest 500 million rubles into the Khakanjinskoye gold deposits. According to the company owner Peter Migalchan, the funds will be used to buy mining machinery and equipment and prospecting. At present the deposits yield some 9.5 thousand tons of ore per month. Additional investments will increase output to 13.5 thousand tons…
DetailsIn August Dneprospetsstal produced 23251 tons of steel and 14376 tons of rolled metal, up by 10% and by 3.7% MoM respectively. The total cost of the products manufactured in August dropped by 8.4% MoM, to 611643 thousand UAH. In January-August DSS produced 172138 tons of steel and 112875 tons of rolled metal, valued at…
DetailsDespite being situated in the military activity zone, Avdiivka Coke and Chemical Works is modernizing its capacities. In particular, the company is constructing the crude benzol storage and a new tube-type furnace, modernizing the railroad network and the coke shop No. 4. This year the company intends to start a new environment project to stop…
DetailsThe commercial court of Donetsk region has refused to open a bankruptcy case against Energomashspetsstal on the demand of the national energy company Naftogaz Ukrainy. The claim was submitted by the Naftogaz daughter company – Gaz Ukrainy. On April 22, 2015 the commercial court of Zaporozhye region ruled to recover over 12 million UAH from…
DetailsShareholders of Yuzhniy Mining and Processing Works decided to pay 16.163 billion UAH of dividends (10.16 UAH per share). According to the company statement, the payment of dividends will start on September 25 and will end in 6 months. In 2016 UGOK received 5.904 billion UAH of profit, up 1.7-fold YoY, having increased its net…
DetailsIn October the state enterprise Ukrzaliznytsia intends to increase throughput of the railroad route Kamysh-Zarya – Volnovakha to 19 pairs of cargo trains per day. Previously the route was not used for transportation, but after the military activities in Donbass started, it became the main route for iron ore raw materials delivery to Mariupol Ilyich…
DetailsMMK has developed and implemented a new technique to produce rolled sheet with the Arc index to be used in the Arctic region. The metal will be used in constructing ships to sail in the North, as well as engineering machines to be used there. MMK metal can be used at the temperature of –70…
DetailsOlenegorsk Mining and Processing Works has purchased 4 new Caterpillar 136-ton dump trucks. “The investment project valued at over 400 million rubles will allow the company to reach its business plan of 18.8 million cubic meters of rock. Taking into account new machines, by the end of the year we will have 30 dump trucks…
DetailsThe Dobropolye Central Processing Factory has set an absolute record of monthly output in its 65-year history. In August the factory processed 377 thousand tons of coal. This year the enterprise intends to process over 4 million tons of coal. “This record has been made possible by the operation of all the employees as well…
DetailsThe Donetsk Works of Aluminum Sections, situated in the Russia-supported terrorist-occupied territory, has started producing aluminum wire rod. “The works main customers are machine-building, trade and construction companies”, the so-called acting minister of industry and trade Alexei Granovsky declared. At present the company is the largest producer of aluminum sections with coating in the area.…
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