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In January Ukraine exported 1.476 million tons of ferrous metals via its seaports, up by 11% YoY. In particular, the ports increased exports of pig iron by 68.8%, to 300.6 thousand tons, rolled metal – by 12.8%, to 828.9 thousand tons, and scrap – by 83.7%, to 7.44 thousand tons. Export of other ferrous metals…
DetailsIn January Ukraine imported 1.627 million tons of coal, down by 8.4% YoY. According to the State Customs Service, the value of the imported coal decreased by 33.8%, to $174.446 million. Russia supplied $115.237 million worth of coal (66.06%), USA – $48.505 million (27.81%), Kazakhstan – $10.54 million (6.04%) and other countries – $0.164 million…
DetailsSome 2-dozen miners of the state enterprise Yuznodonbasskoye Mine Group No. 1 have rallied at the building of the Donetsk region administration. They demanded salary payment. 5 participants were invited to negotiate the issue with the administration. (Ukrainian metal)
DetailsIn 2019 Russia exported 40.629 million tons of ferrous metals, down by 12.6% YoY. According to the Federal Customs Service, exports without pig iron, ferroalloys, scrap and wastes totaled 27.212 million tons, down by 11.2%. Sales of carbon steel semi-finished products dropped by 7.9%, to 14.744 million tons, and flat steel – by 16.8%, to…
DetailsIn January Krasniy Octyabr produced over 27 thousand tons of liquid steel, up 3.5-fold YoY. Nickel-containing steel output totaled 25422 thousand tons, and chromium steel – 656 tons. Moreover, the company produced 18.5 thousand tons of sheets and bars. (Ukrainian metal)
DetailsIn 2019 VSMPO-Avisma produced 44 thousand tons of spongy titanium, which became a record-high result for the company. The corporation now accounts for 30% of the global titanium market. Last year VSMPO-Avisma intended to increase output by 6%, to 35 thousand tons, and in 2020 – to 38 thousand tons. (Ukrainian metal)
DetailsIn 2019 Rusolovo, developing sites in Khabarovsk region, increased tin concentrate output 1.5-fold YoY, to 2290 tons. 2 enterprises provided for the entire output – Pravourminskoye LLC and Tin Ore Company. Investments last year totaled 1.1 billion rubles. 673 people are employed. (Ukrainian metal)
DetailsThe situation on steel product markets in 2019 was rather challenging. H2 2019 saw prices fall below the cycle average. “The dive was so deep, we estimate that 80% of global HRC production was loss-making. The margins in the sector were further pressured by increasing prices for raw materials”, NLMK Group CFO Shamil Kurmashov commented.…
DetailsAt a meeting held on February 12, NLMK Group’s Board of Directors recommended the company’s shareholders to approve Q4 2019 dividend of 5.16 rubles per share. Taking into account dividends accrued in Q1-Q3 2019, 2019 dividends will total 19.4 rubles per share, which is approximately 120% of NLMK Group’s free cash flow for the relevant…
DetailsSocial standards of ArcelorMittal Kriviy Rih are one of the highest in mining and metallurgical industry of Ukraine. Last year, social expenses of the company amounted to UAH 432.4 million. Traditionally, the most considerable part of funds, namely UAH 179.7 million, was allocated for rest and health improvement in 2019. Last summer almost 11 thousand…
DetailsRussian silver and gold producer Polymetal has raised ore reserves of its Kutyn field more than 2-fold, to 812,000 ounces of gold under the JORC code, the company said in a statement on February 12. “The updated JORC-compliant open-pit ore reserves estimate as of October 1, 2019 comprises 8.4 million tons of ore with an…
DetailsRussian steelmaker Novolipetsk Steel expects its facilities at the Lipetsk site to raise steel production quarter-on-quarter in January-March to maintain year ago levels, the company said in a statement on February 12. “We expect to increase steel manufacturing at the Lipetsk site to the level of the same period of the previous year as capital…
DetailsThe state defense concern Ukroboronprom (UOP) has started optimizing scrap sales and has already discussed the problematic issues with major customers and procuring companies. UOP intends to inventory and evaluate the scrap sources. So far the enterprise can name neither the volumes of scrap, nor the structure of stocks. This issue will be cleared in…
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