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In March Ukrainian metal companies consumed 140 million cubic meters of natural gas, down by 30 million cubic meters MoM. Average daily gas consumption dropped by 1.6 million cubic meters, to 4.5 million cubic meters. In Q1 metal companies consumed 510 million cubic meters of gas, up by 11% YoY. Average daily consumption increased from…
DetailsIn March Ukrainian metal companies received 265 thousand tons of scrap, up by 45 thousand tons MoM, and 85% of their total needs. In March their scrap stocks decreased by 10 thousand tons, to 95 thousand tons. As of January 1, their stocks totaled 190 thousand tons. In Q1 metal companies received 715 thousand tons…
DetailsThe general manager of Mariupol Ilyich Iron and Steel Works Yuri Zinchenko hopes the Ukrzaliznytsia scrap tenders will be transparent and aiming at the interest of business. “Ukrzaliznytsia has finally announced the long-awaited tenders to sell scrap. We’ve been waiting for almost 2 years. We hope that local iron and steel works get this scrap,…
DetailsPrime Minister of Ukraine Volodymyr Groysman has supported the introduction of a temporary moratorium on the bankruptcy of coal mining enterprises. “The norm on the moratorium on bankruptcy should be temporary to conduct restructuring, because I believe that some people dishonestly exploit Ukrainian legislation to block the work of Ukrainian mines. I support, and I…
DetailsRussian Copper Company (RCC), the country’s third largest copper producer, may acquire 50% in the Udokan copper deposit, Alisher Usmanov, the founder of USM Holdings, which owns Baikal Mining Company, the operator of the Udokan deposit, said on April 12. “We are in active talks with banks and partners from Russian Copper Company on cooperation…
DetailsRussian hydropower giant RusHydro’s board of directors will consider participating in construction of aluminum giant UC RUSAL’s Taishet Aluminum Smelter on April 19, after a strategy committee has discussed it. The participation plan includes creation of a special purpose vehicle with RUSAL to raise $1.1 billion project financing, of which about $200 million will be…
DetailsThe Metinvest mining and metal group has warned individuals and legal entities that are both residents and nonresidents of Ukraine against the illegal use of its property remaining at the enterprises in the non-controlled territory (NCT) that have taken over by representatives of the so-called “Donetsk People’s Republic” (DPR) and “Luhansk People’s Republic” (LPR). The…
DetailsMakeevka Metal Works, seized by the militants of the terrorist organization DPR, has supplied the first batch of wire rod of 1 thousand tons to the Khartsyzsk steel wire and rope works Silur, also controlled by the militants. According to the press service of the so-called ministry of industry and trade of the DPR, the…
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