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In January Ferrexpo produced 900 thousand tons of pellets, down by 11.8% YoY. Concentrate output dropped by 15.9% YoY, to 1.051 million tons. In 2016 Ferrexpo decreased pellets output of its own raw materials by 1.7% YoY, to 11.07 million tons, of purchased raw materials – by 68%, to 129.2 thousand tons. All this resulted…
DetailsIn 2016 coalmining enterprises of the Sakhalin region yielded around 7 million tons of coal, up by 27% YoY. Vostochnaya Mining Company (VGK) mined the most – 4 million tons (3.7 million tons in 2015). 4.65 million tons of coal was exported to the Asian-Pacific countries, up by 16% YoY. South Korea imported 2 million…
DetailsIn 2016 the segment of shaped tubes reached 2.4 million tons (2.3 million tons in 2015), water and gas pipeline pipes dropped to 325 thousand tons from 370 thousand tons, electric-welded pipes – 925 thousand tons (980 thousand tons). Shares of the major pipe producers in 2016 also changed: Severstal dropped from 29% in 2015…
DetailsIn 2016 VIZ-Stal, a part of NLMK, implemented 22 projects within the program of the energy savings and decreased electricity consumption by 5.5 million kW-h, hearing energy – by 4319.2 gCal, and natural gas – by 330.7 thousand cubic meters. Thus expenses on energy resources decreased by 20.9 million rubles. The energy saving program included…
DetailsIn 2016 Russia consumed 8.15 million tons of hot-rolled sheet, with NLMK share at 1.32 million tons. In cold-rolled segment Russia’s consumption was 2.97 million tons, and NLMK supplied 0.81 million tons, in galvanized rolled metal – 2.9 million tons and 0.58 million tons respectively, in metal with polymeric coating – 1.91 million and 0.45…
DetailsNLMK USA, NLMK Group’s American Division, has refinanced a $250 million credit line acquired in 2011. The new revolving credit line has a maturity of 4 years and will be used to finance working capital and general corporate activities. The borrowers are NLMK Indiana, NLMK Pennsylvania, Sharon Coating, and NLMK North America Plate trading companies.…
DetailsThe Tajik government intends to purchase the Sozidaniye Business Center and the Hyatt Regency Hotel that are located in Dushanbe from Russian aluminum giant, United Company Russian Aluminum (Rusal). The sides have reached an agreement and the Tajik Aluminum Company (TALCO) will pay Rusal around $150 million over a 10-year period. Meanwhile, a source familiar…
DetailsUkraine’s National Security and Defense Council (NSDC) has instructed the country’s government to urgently take exhaustive measures to neutralize the threats to Ukraine’s energy security. The relevant NSDC decision, dated February 16, was enacted by the presidential decree No. 37/2017 published on the Ukrainian president’s official site. “The Ukrainian Cabinet of Ministers is forthwith to…
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