On August 2 a contractor employee perished at the Mariupol Ilyich Iron and Steel Works. The man fell from on high. The accident happened because of the safety rules violations. This is the third lethal accident at the works since the beginning of the year. In March a person fell into the ventilation shaft of…Details
According to Turkish Statistical Institute (TUIK), in January-June Turkey increased scrap imports by 15.8% YoY, to 10.77 million tons.
In particular, Russia increased deliveries by 60%, to 1.33 million tons.
In June scrap imports from Russia grew by 66.1%, to 299.165 thousand tons. (Ukrainian metal)
Metinvest has indirectly become a shareholder in the Pokrovskoye Mine Group, the largest coking coal manufacturer in Ukraine.
Since Q2 2017, 57.29% of Pokrovskoye have been transferred from Donetskstal to Industrial Coal Holding LLC (ICH).
At present Metinvest B. V. holds 24.99% in ICH. (Ukrainian metal)
The representatives of several state coal enterprises have started a meeting near the Ministry of energy and coal industry demanding their salary debts to be cleared and the coal industry reanimated. According to them, the document signed by the energy minister Igor Nasalik on the clearing of the 1.5-billion UAH debt to state miners is…Details
The price of one ounce of gold decreased by 21.896 manats, or by 1.06% last week, to 2,070.5099 manats per ounce. Last week, the price of one ounce of silver decreased by 0.2008 manats, or by 0.77%, to 26.21038 manats. The price of one ounce of platinum increased by 0.442 manats, or by 0.03%, to…Details
The quota imposed by EU in response to the 25% US duty has been on average 2% fulfilled by Ukraine. As of August 2, the quota for the delivery of cold-rolled flat metal of alloyed and unalloyed steel was fulfilled the least – by 0.51% (6.765 thousand tons out of 1.318 million tons). At the…Details
ArcelorMittal Kriviy Rih was reimbursed the most VAT in July – 1.074 billion UAH. According to the State Treasury Service, Azovstal received 707.6 million UAH, up from 533.3 million UAH in June. Mariupol Ilyich Iron and Steel Works lost its leader status, having received 493.6 million UAH, down from 620.7 million UAH in June. Zaporizhstal…Details
Karelsky Okatysh Mining and Processing Works has purchased a new locomotive.
The machine, manufactured by Bryansk Machine-Building Works, will be able to save fuel expenses by 10% due to a special diesel engine.
The investment program of the company presupposes further purchases of such locomotives to replace old ones. (Ukrainian metal)
On July 24-26 the auditors of the certification association Russian Registry carried out a scheduled integrated check of the Kirov Non-Ferrous Metals Processing Works management system. In particular, the experts checked the correspondence of the labor protection management system to the BS OHSAS 18001:2007, environment management system to ISO 14001:2015 and quality management system to…Details
Prices of precious metals, except for platinum, dropped in Azerbaijan on August 3, according to the data published by the Central Bank. The price of gold decreased by 19.3885 manats, to 2052.4865 manats per ounce compared to the price on August 2. The price of silver decreased by 0.1873 manats, to 26.0118 manats per ounce,…Details
The Uralelectromed subsidiary – Manufacture of non-ferrous metals alloys – is finishing the reconstruction of the repair shop. The work started back in 2016. Not only premises, but also machinery undergoes repair and replacement. As the result of the reconstruction the shop capacities will increase, and the product range will expand. Labor conditions are expected…Details
For the first time in Russia, the Evraz Mezhegeyugol miners have put into operation self-advancing support units. The new machinery will make the labor conditions safer and increase labor efficiency. In June 35 thousand tons of coal were mined, while in July – 10 thousand tons more. USA and Australia have been using such machines…Details
The Department on the domestic market protection of the Eurasian Economic Commission has repeatedly investigated the import of graphitized electrodes from India. The department believes it is possible to prolong the protective measures for 5 more years, as the term of the previous duty is drawing to an end. The second investigation started in October…Details
Kamastal Works is currently under construction on the Nizhnekamsk territory of advanced development. The company will produce polymer-coated rolled coils. Shandong Baikal Group (China) is the investor of the project. The plant is expected to be commissioned in autumn. This year some 50 thousand tons of coils will be produced, while the capacity of the…Details
Interpipe has started carrying out an investment project to increase capacities to produce casing pipes with premium thread joints. Danobat will supply the main machinery for the new line. The line will be constructed at the Interpipe NTZ in the city of Dnipro. The capacity of the line is some 70 thousand tons per year.…Details
In July Ukraine produced 1.599 million tons of steel, down by 7% YoY. Pig iron manufacture dropped by 2%, to 1.598 million tons, while that of rolled metal – by 10%, to 1.38 million tons. The decrease has to do with the capital repairs at the metal works. In January-July Ukraine produced 11.75 million tons…Details
A refractory worker perished at the Azovstal Iron and Steel Works, and a master worker was injured. The accident happened at the coke shop after the repair of the coke oven battery, when the elevator with people fell down. On May 28 the railroad car inspector perished at the works, and on March 16 –…Details
In July railroad cargo transportation grew by 1% YoY, to 107.6 million tons. In January-July transportation increased by 3%, to 749.4 million tons. In particular, in 7 months Russian Railroads transported 216.1 million tons of coal, up by 4.9%, 67.1 million tons of iron and manganese ore, up by 5.1%, 46.1 million tons of ferrous…Details
Late on July 31 the newly equipped gas-purifying unit of the sinter factory in Mariupol Ilyich Iron and Steel Works went up in flames. This is not the first time when the Termokimik filters went out of operation. Last week 2 more filters stopped operation. The fire was the result of fixing the operation of…Details
In January-June Ferrexpo decreased net profit by 29.6% YoY, to $152 million. According to the group statement, revenue grew by 4.4%, to $617 million. EBITDA dropped by 18.5%, to $234 million. Net debt as of June 30 decreased to $368 million from $394 million as of December 31, 2017. Sales volumes dropped to 4.798 million…Details
In July Yuzhniy Mining and Processing Works produced 1044.4 thousand tons of concentrate, down by 0.7% YoY. According to the company statement, sinter output dropped by 63%, to 56.5 thousand tons. In January-July UGOK produced 7104.6 thousand tons of concentrate and 951.1 thousand tons of sinter, all down by 0.4% and by 9% YoY respectively.…Details
In January-June MMK net profit increased by 24.7% YoY, to $671 million. Revenue grew by 16%, to $4.16 billion. EBITDA went up by 33.4%, to $1.21 billion. The group debts as of late June totaled $521 million. “The high financial results allowed the Board of directors to recommend paying $281 million of dividends for Q2”,…Details
KAZ Minerals will get controlling stake and the possibility to buy out the project to develop a large Baimskoye copper deposits in Chukotka, Russia, belonging to Roman Abramovich, Alexander Abramov and their partners. The company is buying 75% of the project for $675 million ($436 million in money and the rest in shares) and gets…Details
In January-June Metinvest increased steel output by 4% YoY, to 3.79 million tons. In particular, Mariupol Ilyich Iron and Steel Works increased output by 8%, to 1.613 million tons and Azovstal – by 1%, to 2.181 million tons. Pig iron manufacture grew by 14%, to 4.292 million tons, with Mariupol Ilyich output up by 23%,…Details