All five BRICS countries – Brazil, Russia, India, China and South Africa – have signed a memorandum of understanding on joint development of the Klyuchevskoye gold ore field in Zabaikalsky region. The agreement was signed by SUN Gold (India), China National Gold Group, Russia’s Far East Development Fund, Trans AFRICA Capital, and Brazilian investor Antonio…Details
In September Dneprospetsstal produced 21.09 thousand tons of steel, up by 6.4% MoM, while rolled metal output totaled 13.33 thousand tons, down by 4.1% MoM. The total cost of metal produced reached 546,83 million UAH, down by 2.6% MoM. In January-September DSS produced 173.79 thousand tons of steel (down by 7.7% YoY) and 111.39 thousand…Details
The State Property Fund will try to sell again the estate of the Aluminum Foil Works. According to the Fund statement, the company owns no buildings and has no land in lease. On the other hand it has 85517 units of current assets. The initial price of the privatization object is 966.42 million UAH (1159.71…Details
Shareholders of the Zaporozhye Aluminum Works have replaced 2 of the 7 members of the supervisory board. According to the company statement, in particular, Alexei Arnautov and Yana Tikhonova have been dismissed with Vitaly Denisenko and Tatiana Kuzub appointed instead. Svetlana Bezverkhaya, Anastasia Mankovskaya, Natalia Pavliuk, Natalia Kharina and Irina Lepyavko have been reelected. The…Details
Nikopol Ferroalloy Plant has dismissed Sergey Bozhko from the office of deputy chairman, commercial director.
According to the company statement, Bozhko resigned. He has been in the office since December 13, 2013 and owns no company shares. The office is still vacant. (Ukrainian metal)
In September Nikopol Ferroalloy Plant produced 59.8 thousand tons of silicomanganese, up by 12.2% MoM, or by 6.5 thousand tons. According to the Association of Ukrainian Ferroalloy Producers, ferromanganese output dropped by 12.2% MoM, or by 0.6 thousand tons, to 4.3 thousand tons. In January-September the company produced 510.8 thousand tons of silicomanganese, up by…Details
In September Zaporozhye Ferro Alloys Plant produced 23.6 thousand tons of ferroalloys, down by 5.6% MoM, or by 1.4 thousand tons.
According to the Association of Ukrainian Ferroalloy Producers, in January-September the company output totaled 208.4 thousand tons, down by 8.1% YoY, or by 18.3 thousand tons. (Ukrainian metal)
In September Ukraine produced 87.7 thousand tons of ferroalloys, up by 5.5% MoM, or by 4.6 thousand tons.
According to the Association of Ukrainian Ferroalloy Producers, in January-September ferroalloy output totaled 692.6 thousand tons, up by 8.7% YoY, or by 60.3 thousand tons. (Ukrainian metal)
By 2017 Central Mining and Processing Works plans to have invested 14 million UAH into repairs of cargo truck engines. According to the company statement, this is 50% cheaper than buying new engines. “Under high competitiveness on the world market we are on a constant lookout for new reserves to decrease prime cost of our…Details
In 2016 Ferrexpo, controlling Poltava and Yeristovo Mining and Processing Works, intends to keep pellets output on the last year level, when it produced 11.66 million tons. “We expect pellets output to reach 11.2-11.3 million tons, though we hope it will be higher. But what is important for us is that 94% of them will…Details
In September Ukraine produced 159.1 thousand tons of manganese concentrate and sinter, up by 12% MoM, or by 17.3 thousand tons.
According to the Association of Ukrainian Ferroalloy Producers, in January-September manganese concentrate and sinterpoutput decreased by 22.1% YoY, or by 239.5 thousand tons, to 844.2 thousand tons. (Ukrainian metal)
Lamesa Group Holding, affiliated with Russian tycoon Viktor Vekselberg and his multi-industry holding Renova Group through Polo Company, has raised its share in U.K.-registered Petropavlovsk Plc, which operates in Russia, to 2.7448% from 1.5237%, Petropavlovsk said in a statement. Other details of the deal were not disclosed. Other affiliates of Renova Group control 14.764% in…Details
In Q3 Magnitogorsk Iron and Steel Works produced 3.17 million tons of steel, on the level of Q2. Steel smelting capacities were 88% loaded. Sales dropped by 4.7% to 2.86 million tons due to the sales increase within the group. VAT-products output decreased by 8.3% to 1.3 million tons. In January-September MMK produced 9.38 million…Details
Asha Iron and Steel Works has confirmed the prolongation of the certificate to produce construction steel hot-rolled metal for the manufacture of metal or ferroconcrete structures. The certificate has been provided by TUV Rheinland Group. The hot-rolled metal of AMZ with CE-marking will continue being exported to the European Union. The company has received the…Details
On October 15, Donetsk Iron and Steel Works, situated in the territory of the Russia-supported terrorist organization Donetsk People’s Republic, put its blast furnace No. 1 into operation.
The halt of the BF was connected with the overhaul. Repairs at BF2 are underway. (Ukrainian metal)
Since 2013 Mariupol Ilyich Iron and Steel Works has decreased natural gas consumption by 69 million cubic meters, or by 40%. According to the company CEO Yuri Zinchenko, thanks to the ISO 50001 implementation the works was also able to save 46 million kW-h of electricity, thus saving over 500 million UAH. At present the…Details
Ukrmetallurgprom believes that in November steel output will total 1.9 million tons, with pig iron production at 1.9 million tons and rolled metal at 1.7 million tons. In September Ukraine produced 1.86 million tons of steel, 1.83 million tons of pig iron and 1.74 million tons of rolled metal. In January-September steel output totaled 18.23…Details
In Q 3 DTEK Energo mined 7.8 million tons of power-generating coal, up by 29% QoQ. The increase allows the company to satisfy the growing needs of thermal power plants in fuel. Coal output also increased by 10.5% YoY. Fuel demand increase in summer made the group review its plans on coalmining. So in H2…Details
Month Russian market, $/t, EXW, without VAT, $1/RUR64.91* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.489* min max min max July 447 680 350 412 August 447 680 368 417 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 31.08.16 according to the National Bank of Ukraine and the Central Bank of the…Details
Novolipetsk Iron and Steel Works plans to increase sales of rolled metal for construction in 2016 by 20% YoY. “The increase will be reached due to opening new markets”, finance vice-president and section director Grigory Fedorishin said. “In 2015 demand for rolled metal for construction dropped by 17%, and this year we have lost 10-15%…Details
In July-September DTEK Dobropolyeugol mined 633.8 thousand tons of G-grade coal, up by 25% QoQ.
The coal has been supplied to Ukrainian thermal power plants.
Since the beginning of the year Dobropolyeugol miners yielded 2.1 million tons of coal.
In Q3 DTEK mined 7.8 million tons of power-generating coal, up by 29% QoQ. (Ukrainian metal)
Month Russian market, $/t, EXW, without VAT, $1/RUR64.91* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.489* Export, Ukraine, $/t, DAP Ukrainian border Export, Russia, $/t, DAP Russian border min max min max min max min max July 488 634 442 442 446 558 430 586 August 488 634 378 433 446 558 407 626 * –…Details
In January-September Severstal produced 8.7 million tons of steel, keeping the last year levels. According to the group statement, pig iron output went up by 1%, to 6.91 million tons. Steel sales dropped by 4%, to 8.2 million tons. In Q3 Severstal produced 2.39 million tons of pig iron, up by 8% QoQ. Steel output…Details
A couple of days ago the Novokonstantinovskaya mine (Kirovograd region) yielded 1-millionth ton of uranium ore. The head of the regional council Alexander Chernoivanenko noted the great contribution of the mine to the social-economic development of the region. He believes that both the Ministry of energy and coal industry and regional authorities have to concentrate…Details
Ukrainian market, $/t, without VAT, EXW, $1/UAH25.489*
* – Ukrainian Hrivna and Russian Ruble exchange rates are as of 31.08.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)
In January-September Izhstal (a part of Mechel) produced 282 thousand tons of metal, up by 48% YoY.
Sales increased by 51%. Steel and rolled metal output went up by 24% and 33% YoY respectively.
In September the works sold 46.2 thousand tons of metal, an absolute record for the last 25 years. (Ukrainian metal)