Ukraine: IGOK and VGOK subsidiaries estimated at 1.7 billion UAH

Grant Thornton has estimated the cost of Irshansk Mining and Processing Works and Volnogorsk Mining and Processing Works at 1.7 billion UAH. Thus the cost of the subsidiary assets has increased two-fold since 2014. “The estimate of the assets belonging to the United Mining and Chemical Company, the owner of the 2 GOKs, is a…

Details

Ukraine: CGOK pellets output up in January-August 2016

In January-August Central Mining and Processing Works produced 1.57 million tons of pellets, up by 0.2% YoY.

According to a company representative, CGOK iron ore concentrate dropped by 15.4% YoY, to 3.55 million tons.

In August the company produced 213 thousand tons of pellets and 455 thousand tons of concentrate. (Ukrainian metal)

Ukraine: steel output down in August 2016

In August Ukraine produced 1903 thousand tons of steel, down by 7.6% MoM, or by 156 thousand tons.

In January-August steel output increased by 8.9% YoY, or by 1343 thousand tons, to 16379 thousand tons. (Ukrainian metal)

Russia: copper output down in January-August 2016

In January-August copper output in Russia dropped by 2.1% YoY.

According to the Federal Service of State Statistics, copper wire output dropped by 22.8%, foil – by 22.2%, but plate, sheet, bars and strips increased by 5.9%, of rods and sections – by 14.6%, all YoY. (Ukrainian metal)

Russia: DTEK mines to unite

DTEK plans to make a separate company of its Rostov mines by October. According to DTEK CEO Maxim Timchenko, the deal is in the final stages. This will allow DTEK to decrease its credit pressure by over $400 million. DTEK will retain management and operational control over the mines, and the new company will also…

Details

Ukraine: pig iron output down in August 2016

In August Ukraine produced 1728 thousand tons of pig iron, down by 4.2% MoM, or by 76 thousand tons.

In January-August pig iron output increased by 8.9% YoY, or b 1180 thousand tons, to 14382 thousand tons. (Ukrainian metal)