Cyprus Barlenco Ltd, affiliated with the largest Ukrainian mining and metals group Metinvest, has announced plans to use the squeeze-out right to buy shares from minority shareholders in the group of the following private joint-stock companies (PrJSCs): Inhulets Ore Mining and Processing Plant (InGOK), Pivnichny (Northern) Ore Mining and Processing Plant (SevGOK), Central Ore Mining…Details
A new steel rebars works valued at $22 million was commissioned on the basis of Caspian Steel, that had been idle for the past 6 years. Aktau Steel has already created over 150 jobs, and the number is expected to double. “Azerbaijani side invested over $22 million in the restoration of the enterprise. The capacity…Details
Since the start of the year Alchevsk Iron and Steel Works has produced over 16 thousand tons of pig iron. “Two blast furnaces are operating, and the manufacturing process is stable. 2 coking batteries have been put into operation. Sinter manufacture has been resumed. The company started shipping pig iron to customers”, said Dmitry Bozhich,…Details
In 2017 Beloretsk Iron and Steel Works received 1.004 billion rubles of net profit, up from 315.5 million rubles. In Q4 2017 BMK registered 240 million rubles of net losses, while in Q3 2017 – 424 million rubles of profit. Last year the company sold 23.932 billion rubles worth of metal, up by 2% YoY.…Details
Belarus: Kronospan to invest over EUR 10 million in expanding metal structures production in FEZ Mogilev
The Austrian holding company Kronospan will invest over EUR 10 million in expanding the production of metal structures in the free economic zone (FEZ) Mogilev in 2018, Kronospan representatives reported. IOOO Kronospan OSB is a resident company in FEZ Mogilev. It specializes in making oriented strand boards for civil engineering and furniture industry. The available…Details
In February Russian Railroads transported 99.8 million tons of cargo, up by 3.9% YoY. According to the company press-service, in January-February the throughput grew by 3.7%, to 203.3 million tons. In particular, in 2 months RZhD transported 60.8 million tons of coal, up by 1.1%, 12.6 million tons of ferrous metals, up by 10.3%, and…Details
In 2017 Vyksa Iron and Steel Works produced over 2 million tons of pipes, up by 15%. Large diameter pipes manufacture grew by 16%, to 930 thousand tons, small and medium diameter pipes – by 14%, to 1.1 million tons. Hot-rolled coils output reached a record of 1.29 million tons, up by 4%. Sheets manufacture…Details
The physical volume of deals with gold on the Moscow Exchange fell by 5.3% YoY, to 5.3 tons in January-February, the exchange said in a statement. The amount of deals with silver surged to 2,461 kilograms in the period from 140 kilograms in the same period of 2017. In monetary terms, gold and silver deals…Details
Moscow shares the concern of European states about introduction of steel and aluminum duties by the U.S., presidential spokesman Dmitry Peskov declared. U.S. President Donald Trump said at a meeting with CEOs of metals producing companies that the country would introduce a 25% steel imports duty and a 10% aluminum duty for a long time.…Details
The Tajik aluminum plant will stop working for two years in connection with the construction of a new joint Tajik-Chinese aluminum enterprise. This was stated by head of the Information and Public Relations Department of SUE Tajik Aluminum Company (TALCO) Igor Sattarov. Negotiations on the construction of a new plant, which are being conducted on…Details
Metinvest intends to acquire Unisteel LLC, the producer of cold-rolled galvanized metal. Metinvest-SMC LLC has already filed a corresponding request to the Antimonopoly Committee. As the result of the purchase the Metinvest-SMC share in Unisteel will exceed 50%. Unisteel with the capacity of 100 thousand tons of galvanized metal per year was constructed in 2007-2010.…Details
The state enterprise Selidovugol miners, who went on a hunger strike at the premises of the Ministry of energy and coal industry on February 21, stopped the strike. “We hope that the state enterprise gets the promised 10 million UAH to clear salary debts”, the Independent Miners Union chairman Mikhail Volynets wrote on his Facebook…Details
Alfa-bank has provided Evraz with the loan of $300 million.
The loan has been given for 5 years, according to the bank statement.
“The borrowed funds were used to clear existing debts”, the bank noted.
The interest rate is not disclosed. (Ukrainian metal)
“The State Committee for Industry, Energy and Subsoil Use recommended GL Makmal Developing Company to conduct an environmental impact assessment of the project on construction of a gold recovery plant and hold public hearings,” deputy head of the committee Suyuntbek Alikeyev reported. According to him, the Chinese company Xinghai LTD developed the factory project on…Details
The Individual Deposits Guarantee Fund has sold 94.6 thousand shares of Interpipe Nizhnedneprovsk Pipe-rolling Works for 32.9 thousand UAH.
The Ukrainian Stock Exchange played a host to the auction of assets of Bank Forum.
As the result, Interpipe NTZ shares in the amount of 94622 were sold for 32.877 thousand UAH. (Ukrainian metal)
In 2017 Russia imported 686 thousand tons of ferrous scrap from Kazakhstan, up 1.7-fold YoY. This was also the highest volume of Kazakh scrap exports to Russia. Scrap price on Russian-Kazakh border in December 2017 was $226.2 per ton, down by 5.7% MoM, but up by 42% YoY. Some 45% of exports go to Chelyabinsk…Details
In January Armenia produced 3151 tons of aluminum foil, up by 18.8%.
Last January aluminum foil output increased by 14.3%.
According to the National Statistics Service, in 2017 Armenia increased aluminum foil output by 14.4% YoY, to 33181 tons. While the year 2016 saw the decrease of 2.1%. (Ukrainian metal)
The Komsomolskaya mine of Vorkutaugol has started mining at the second south block. The first long face has 404 thousand tons of coal. Up to 45 thousand tons will be produced there in a month. The company started preparing for the operation at the new long face in advance. Last year, 70 out of 170…Details
In January Russia produced 4.3 million tons of pig iron, down by 2.3% YoY (4.32 million tons in December 2017). Ukraine decreased output by 6% YoY, to 1.8 million tons (same in December 2017). 325 thousand tons of pig iron were produced in Kazakhstan (same in December 2017), down by 49.1% YoY. All in all…Details
In 2017 Altai-Koks invested 102.5 million rubles in environment protection measures. The works carried out capital and current repairs of the air-purifying systems, coking battery oven walls and coking chamber doors, as well as pumping machinery. At present the company is reconstructing the coal preparation shop air-purification systems. As the result the air purification will…Details
Last year saw a number of manufacturing records at MMK. In February 2017 the 2500 hot-rolling mill produced 180 million tons of hot-rolled metal since its commissioning in 1960. Today one of the largest mills at MMK is under reconstruction, scheduled to be completed in 2020. Following the reconstruction the mill’s capacity will grow from…Details