Severstal and the First Cargo Company have signed a 5-year agreement on railroad transportation of metal in open wagons. The agreement provides for annual transportation of some 16 million tons of metal. The companies have been cooperating since 2013. That year an agreement was concluded for 5 years. Since then PGK has transported 105 million…Details
Russia has a plan to support Rusal hit by US sanctions, including by buying aluminum to the state reserves. In April the company was severely hit by sanctions. Metal deliveries under contracts concluded before April 6 are allowed until October 23. According to the minister of industry and trade Denis Manturov the government has a…Details
Charity fund of PJSC ArcelorMittal Kriviy Rih submitted 220 PCs to 13 schools and the Center for Children’s Social and Physiological Rehabilitation of Saksaganskyi district. The certificates for computer hardware were presented to the school directors in the administration of Saksaganskyi district. To improve facilities of the schools of Kriviy Rih, to make training of…Details
In January-June the state enterprise Vostochniy Mining and Processing Works received 13.36 million UAH of net profit, down 16.9-fold YoY. According to the company statement, its net income dropped by 23.2%, to 1.2 billion UAH. Gross profit decreased 2.5-fold, to 170.35 million UAH. Last year VostGOK received 388.94 million UAH of net profit, down by…Details
The Ministry of Industry and Trade believes that the world market has started suffering from the aluminum shortage. “The world shortage of aluminum amounts to 1.5 to 2 million tons per year, and we expect aluminum consumption, processing and production to increase”, the ministry head Denis Manturov said. Last year Russia implemented a program to…Details
Iron ore transportation in July reached the record-high level in the past 15 years at 10.1 million tons, up by 9.8% YoY.
Since the start of the year railroads have transported 67.1 million tons of ore, up by 5.1% YoY.
Local transportation increased by 11%, while exports remained flat. (Ukrainian metal)
Chelyabinsk Iron and Steel Works has produced 2 million tons of rolled metal since commissioning of its rail and beam mill. 1.5 million tons were produced in early January. The company has the first manufacture of high quality rails and beams with the length of 100 meters in Russia. The first beam was produced on…Details
Ferrexpo Plc. can increase the size of the pre-export financing of 2017 from $195 million to $500 million, postponing the payment from 3 to 4 years. According to the draft decision of the extraordinary shareholders meeting of Poltava Mining and Processing Works scheduled for September 17, amendments will be made to the loan agreement of…Details
The government of Kyrgyzstan thinks how to remove dependence of the economy on Kumtor. The growth of the economy directly depends on the work of the mine. According to the head of the State Committee of Industry, Energy and Subsoil Use, Ulan Ryskulov, it is possible to launch up to ten large deposits in the…Details
In January-June Russia imported 15.2 thousand tons of seamless corrosion-resistant steel pipes from Kazakhstan, up 50-fold YoY.
Moreover the result of the whole 2017 has been exceeded 4.5-fold.
Kazakhstan accounts for some 60% of all Russian imports of these products.
Pipes for oil and gas pipelines represent the major part of imports. (Ukrainian metal)
In January-June Korshunovsky Mining and Processing Works sold 846 thousand tons of iron ore concentrate, down by 40% YoY. In Q1 sales totaled 361 thousand tons, and in Q2 they grew by 41%, to 495 thousand tons. The increase in sales is due to the growth of output. In 2017 KGOK sold 2.5 million tons…Details
In June Russia exported 272 thousand tons of raw aluminum, up by 5.4% YoY. According to the customs statistics, in January-June exports reached 1.55 million tons valued at $2824 million, up by 10.3% and by 24.1% YoY respectively. In June the average price was $1174 per ton FOB Russian border, up by 8.4% YoY. (Ukrainian…Details
The Belozerskoye Mine Group (Donetsk region) has put into operation the 5th northern long face at the Novodonetskaya mine.
The coal reserves total 2 million tons.
The face will provide miners with enough work for the next 18 months.
The length of the face is 300 meters. (Ukrainian metal)
Azovstal Iron and Steel Works will completely reconstruct its blast furnace shop. According to the company statement, by 2021 some 900 million UAH will have been invested in the environment modernization. 2 years ago Azovstal completed the reconstruction of the blast furnace No. 4, which is now one of the up-to-date and environment-friendly furnaces in…Details
The Arbitrary court of Sverdlovsk region will consider the claim of Sortstal on being declared bankrupt.
The court received the relevant document on August 24.
According to it, the volume of claims is 49.87 million rubles.
Sortstal was registered in 2004. Its main activities were wholesale of fuel, ore and chemical materials. (Ukrainian metal)
In January-June Nordgold net profit decreased by 17% YoY, to $56.2 million. According to the company, the revenue dropped by 3%, to $589.7 million. EBITDA went down by 8%, to $246.2 million. In Q2 net profit decreased 3.1-fold QoQ, to $13.9 million The revenue dropped by 3%, to $289.6 million, and EBITDA – by 5%,…Details
The ChTPZ Group has concluded a 5-year contract with Globaltrans. The document has been signed by ChTPZ CEO Boris Kovalenkov and Globaltrans CEO Valeriy Shpakov. According to the agreement, the New Transport Company, a part of Globaltrans, will be responsible for pipe transportation. Thus, the Globaltrans share in ChTPZ transportation will increase from 30% to…Details
In January-June Russia exported 3.3 million tons of pig iron, up by 34.6% YoY, valued at $1106 million, up by 48.6%. According to the customs statistics, US imported the most pig iron (51.4%, up by 6.1%). Hong Kong started importing Russian pig iron in late 2017 and in 6 months purchased 478 thousand tons. Italy…Details
The governor of Donetsk region Alexander Kuts has discusses with the directors of mines, mayors of mine towns, representatives of power suppliers, Pension Fund, etc. what to do to make the state coal enterprises profitable. “At present there are 15 state coalmining enterprises in the region. As of August 23 they have mined 1.3 million…Details
In July Ukraine increased steel output by 11.4% YoY, to 1.82 million tons, but dropped to the 13th place from the 12th in the Worldsteel rating. The first place is traditionally occupied by China (81.24 million tons, up by 7.2%). Iran took Ukraine’ place, having produced 1.98 million tons of steel, up by 13.2%. In…Details
In January-June Rusal Bratsk Aluminum Works decreased net profit 1.4-fold YoY, to 1.062 billion rubles.
According to the company statement, the revenue dropped by 0.1%, to 47.149 billion rubles.
The company does not comment on the reason of the decrease. (Ukrainian metal)
In July Amurstal (ex-Amurmetal) shipped 61 thousand tons of metal, up 6-fold YoY.
In January-July sales increased 9.4-fold YoY, to 288.3 thousand tons.
This year the company has supplied 95.2 thousand tons of metal to domestic customers and exported 193 thousand tons. (Ukrainian metal)
In July railroad deliveries of scrap to Amurstal (ex-Amurmetal) totaled 68.2 thousand tons.
The deliveries grew 30-fold YoY.
In January-July scrap deliveries to the company increased almost 6-fold YoY, to 292 thousand tons. (Ukrainian metal)
At least 6.5 billion rubles are needed to resume operation of the flooded mines in Partizansk. And the work will last for some 3 years. Suchan-Ugol LLC announced its planes to revive coal industry in Partizanks in January. At present the company is a resident of the Free Port of Vladivostok. The company intends to…Details