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…

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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)

Russia: Nornickel delivers further environmental enhancement project

Nadezhda Metallurgical Plant (NMP) Hydrometallurgical Shop has fully transitioned to dumping tailings to the rebuilt dam via a newly installed tailings pipeline, operational as of September 15. The project is an element of the large-scale environmental enhancement program embarked on by Nornickel. The company is striving to identify the areas with the highest historical exposure…

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Ukraine to create uranium-mining JVs with Kazakhstan

Kazakhstan and Ukraine plan to create uranium-mining joint ventures on the territories of both countries, according to the energy and coal industry minister Igor Nasalik.

“We’re preparing the documents. On September 19, Kazakhstan representatives will arrive to sign the memorandum on the creation of JVs in Ukraine and Kazakhstan”, he said. (Ukrainian metal)

Russia: ChMK to elect a new board

On November 11, shareholders of Chelyabinsk Iron and Steel Works will discuss the early termination of the board office and elect a new one. The acting board was elected on June 21. It includes board chairman Igor Zyuzin, managing director Rashid Nugumanov, HR director Natalia Trubkina, Mechel-Steel director Valery Usachev, Mechel-Steel general director economics and…

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