Mariupol Ilyich Iron and Steel Works has signed an agreement with Primetals Technologies Austria GmbH for construction of the 4th continuous casting machine. According to the company CEO Yuri Zinchenko, the contract was signed on September 5. “Our new machine will be able to produce 2.5 million tons of slabs per year with the size…Details
System Capital Management has sold almost 100% of the Kolosnikovskaya Central Processing Factory (situated in the Russia-supported terrorist-occupied territory of Donetsk region) to a Makeevka citizen Victor Chmilev. Chmilev has already replaced SCM representative in the supervisory board Alexander Onischenko. According to the board decision the general manager of the factory has also been replaced.…Details
In January-June the Industrial-Metallurgical Holding received 4.51 billion rubles of net profits, up by 7.1% YoY. EBITDA dropped by 44.34%, to 4.52 billion rubles. PMKh decreased income by 3.76% YoY, to 28.28 billion rubles. In H1 the company mined 925 thousand tons of coking coal, down by 13% YoY. Coal concentrate output went up by…Details
In July Ukraine exported $153.11 million worth of long rolled metal, with imports on the level of $11.47 million. According to the State Fiscal Service, the main consumer of Ukrainian long rolled metal in July was Russia ($20.13 million). In January-July Ukraine exported $974.49 million worth of long rolled metal, while imports totaled $79.88 million.…Details
Avellana Gold (Cyprus) intends to start mining polymetallic ores in Western Ukraine. “The management of the State geology service has recently had an official meeting with the American representatives of the company. The parties discussed main terms of mineral resources mining. The investor has acquired companies with licenses to mine and prospect polymetallic ores”, said…Details
Russia continues increasing metal imports. In June it imported 326 thousand tons of metal (without pig iron, ferroalloys, wastes and scrap), up by 11% MoM. Pipe imports remain low – at 30 thousand tons per month. In H1 Russia imported 1.52 million tons of ferrous metal, down by 4% YoY. The drop was caused by…Details
Corum Group plans to increase industrial capacities of the Krivoy Rog Mining Machinery Works by 30%.
According to the group CEO Yakov Sidlyarenko, it also wants to buy boring machines for Svet Shakhtera Works (Kharkiv) enabling it to increase tunneling machine manufacture by 66%, to 20 units per year. (Ukrainian metal)
Shares of NLMK Group, an international steel company with operations in Russia, the United States, and Europe, were raised to the First Level quotation list, the premium-listing segment for securities admitted to trading on the Moscow Exchange. A First Level listing means that a company must meet the high standards of corporate governance, market capitalization…Details
The SCM Group corporate social responsibility results for January-June 2016 consolidated in course of preparations of the Group’s non-financial report. In H1 SCM Group paid 16.92 billion UAH in taxes to local and national budgets, showing a 7.7% rise YoY. The company invested about 6 billion UAH in modernization of its production facilities, a similar…Details
The minister of energy and coal industry of Ukraine Igor Nasalik has dismissed Alexei Potanin from the office of the acting general director of Lisichanskugol. According to the company statement, Potatin has been in the office since mid-June, following Boris Perepelitsa, who has been in charge for some 3 months. Lisichanskugol mines energy-generating coal and…Details
After 2 years of idleness Zaporozhye Aluminum Works has resumed the operation of it’s aluminum wire rod line. The shop started producing 9.5, 12.5 and 15.1 mm aluminum wire rod of A7E and A5E 15-20 kg aluminum ingots. On the first day the works produced 40 tons of wire rod. The manufacturing capacity of the…Details
The Dniepropetrovsk Commercial Court of Appeals has refused to satisfy the appeal of Interpipe Niko Tube as to the decision of the Commercial Court of Dniepropetrovsk region of June 6.
According to the decree, the company being a guarantor has to pay Alfa-Bank 1.2 billion UAH of loan debt of Nizhnedneprovsk Tube Plant. (Ukrainian metal)
Russian billionaire businessman Viktor Vekselberg is weighing the purchase of a stake in aluminum giant UC Rusal from Mikhail Prokhorov’s Onexim Group, Vekselberg said. The acquisition is being “seriously considered”, Vekselberg noted, declining to give any details on the terms of a potential deal. Onexim made informal approaches this year to sell its 17% stake…Details
The minister of energy and coal industry Igor Nasalik has not cleared all the salary debts to state miners by the Miners’ Day. He promised to do this in mid-July. As of August 31, the employees of at least one mine haven’t received their salary, those of Novovolynskaya No. 10, who have blocked the road.…Details
On September 1, Metinvest created the operational directorship on the basis of its mining and metal divisions. “Thus the group completes the process of creating the vertically integrated structure of the company under the Technological strategy of 2010”, Metinvest reported. The main goal of the transformation is the better cooperation of mining and metal assets,…Details
In January-June Chelyabinsk Zinc Works received 12.53 billion RUR of profits, up by 4.11% YoY. The company gross profits dropped by 4% YoY, to 3.64 billion RUR, while its net profits decreased by 40.72% YoY, to 1.85 billion RUR. According to the company statement, the net profits drop was the result of the zinc and…Details
The State Property Fund of Ukraine will try to sell 37.578% of Lviv Coal Company again. According to the fund statement, the shares will be put up for sale on September 27, at the Ukrainian Stock Exchange with the starting price of 41.34 million UAH. SPF tried to sell the Lviv Coal Company shares in…Details
Corum Group is negotiating ways to enter markets of Turkey, Iran and India.
According to the company CEO Yakov Sidlyarenko, Corum Group’s current primary goal is to increase export sales in Kazakhstan, Belarus, Russia, Poland and Vietnam. (Ukrainian metal)
In August Zaporizhstal decreased pig iron, steel and rolled metal output.
In particular, according to the company statement, it produced 297.3 thousand tons of pig iron, 322.2 thousand tons of steel and 275.1 thousand tons of rolled metal, down by 29 thousand tons, 27.5 thousand tons and 15.6 thousand tons YoY, respectively. (Ukrainian metal)
In January-August Ukraine produced 16.43 million tons of carbon steel, up by 9.3% YoY. Pig iron manufacture went up by 14.5%, to 15.99 million tons, that of rolled metal – by 8.7%, to 14.34 million tons. Metallurgical coke output jumped up by 17.6%, to 8.64 million tons, while that of steel pipes dropped by 4.8%,…Details
Rusal announced senior staff appointments within Aluminum Division. Oleg Buts has been appointed Managing Director of Irkutsk Aluminum Smelter (IrkAZ). Prior to the appointment, Buts worked as the Director of Department for Production System Training at Production Development Directorate of Rusal. He will replace Evgeny Kuriyanov, who has been appointed Managing Director of Krasnoyarsk Aluminum…Details