Fitch Ratings has upgraded Ferrexpo Plc‘s Long-Term Issuer Default Rating (IDR) to ‘B-‘ from ‘CCC,’ reads a report on the rating agency’s website. “The outlook is stable. Ferrexpo Finance Plc’s senior unsecured rating was upgraded to ‘B-‘ from ‘CCC’. The Recovery Rating on the senior unsecured rating is ‘RR4’. Ferrexpo’s Short-term IDR was upgraded to…Details
The minister of energy and coal industry has told the chairman of the Independent Miners Union in Lisichansk Edward Vsevolodsky, that the ministry would without doubt clear all the Lisichanskugol miners salary debts. The minister vowed to clear debts in a couple of days. The state owes Lisichansk miners 70 million UAH. The debts originated…Details
The so-called Council of ministers of the Lugansk People’s Republic has implemented outer administration at three companies of Rinat Akhmetov.
The corresponding “document” has been published on the separatists’ portal.
The separatists could expand the list of “nationalized” companies. (Ukrainian metal)
The State Fiscal Service has unveiled the scheme of fake technology on metal waste processing at one of Kriviy Rih companies. According to the service, the officials of the metal works supplied controlled companies with 70 thousand tons of iron-containing mud valued at 3 million UAH. Then, having forged processing documents, the raw materials were…Details
In January Russian railroads transported 31.4 million tons of coal, up by 9.9% YoY. This is the highest result in all the Russian history. Coal export deliveries increased by 20% YoY. Japan (up by 20%), China (up by 25%), Ukraine (up by 20%), UK (up by 10%) and Germany (3.5-fold) showed the largest increase in…Details
At present there are no technologies in the world that can make metal industry green, Norilsk Nickel vice-president Elena Bezdenezhnykh believes. “We are constantly improving the ecological conditions. By 2023 the company will have invested 250 billion rubles into environmental projects. But, unfortunately, there is no technology that can make metallurgy green. At best it…Details
All Ukrainian companies, registered on the territory of the so-called Donetsk People’s Republic, Russia-supported terrorist organization, have to register in the legal field of DPR by March 1. “If they don’t register, on Wednesday they will be under out jurisdiction. Because of the railroad blockade a number of enterprises were shut down, including the Yenakievo…Details
The minister on North Caucasus Lev Kuznetsov together with the chairman of the Kabardino-Balkaria government Aliy Musukov visited the Gydrometallurg works in Nalchik. The company CEO Igor Morozov demonstrated technological processes and new machinery to the guests. “In addition to the construction of the new production complex at Gydrometallurg, the government of the republic settles…Details
In January Russia increased raw copper output by 5.6% YoY.
According to the Federal Service of State Statistics, copper alloys manufacture went up by 50.4%, that of powders and flakes dropped by 3.9%, of rods and shapes – by 58.9%. Copper wire output increased by 6%, that of foil – 2.1-fold. (Ukrainian metal)
The Rostov region governor Vasily Golubev and the Don-Metall CEO Natig Asadov have signed an agreement on cooperation in construction of the metal works in the city of Kamensk-Shakhtinsky with the capacity of 160 thousand tons of hot-rolled rebars per year. Investments will total 3.3 billion rubles. Last year the company constructed the transformer substation…Details
Severstal has reported the beginning of the full-scale operation of its online store, presented in November 2016. Now all clients of the company (except for individuals) can buy the standard Severstal products (over 5 thousand types) online. The new store has been created on the basis of SAP Hybris. It is expected that in 2018,…Details
250 million rubles will be sent to support mining and metallurgical companies of Primorye. The financial support is provided under the new local decree “On industrial policy”. At present the department of industry of the Primorsky Krai is preparing the documents on granting subsidies to mining and metal companies. The new decree “On industrial policy…Details
Pereyaslovsky open-pit mine, a part of Russian Coal, Krasnoyarsk Krai, has mined the 75-millonth ton of coal. January also saw the record railroad shipments of coal – 713 thousand tons. Total coal delivery from the mine reached 733 thousand tons. The Pereyaslovsky mine was put into operation in 1983. Its project capacity is 7 million…Details
In 2016 Russia exported 185.7 thousand tons of raw nickel to the world market, down by 18% YoY.
According to the Federal Customs Service, exports to far foreign countries dropped by 18%, to 185.3 thousand tons, but to CIS-countries – doubled to 0.4 thousand tons. (Ukrainian metal)
Evraz NTMK has finished the technical modernization of the forging division of its foundry shop. The new equipment will decrease gas consumption by 10% and metal usage by 6%. According to the company statement, the operation schedule has been changed at the shop. A new crane, a semi-automatic band saw and a modernized boring machine…Details
On February 28, Amurmetal resumes operation after an almost monthly stand still. The company will be working at night under cheaper energy tariffs. So far 9 thousand tons of scrap have been accumulated. In late January Amurmetal was purchased by Torex (Khabarovsk) for 2.46 billion rubles. The purchase agreement has not been signed yet, though…Details
Donetsk Iron and Steel Works, a part of Donetskstal, has shut down its blast furnace No. 1 because of the absence of iron ore raw materials caused by the railroad blockade. On February 26, the daily shift smelted 400 thousand tons of pig iron, and the BF was shut down. The BF-1 used to produce…Details
Zaporizhstal ranked first among the steel plants of Zaporizhia region in terms of taxes paid to the national budget in 2016, said the National Tax Inspection Agency for operations with major taxpayers of Zaporizhia. In 2016, major taxpayers of the region paid more than UAH 10 billion in taxes to the national and local budgets,…Details
ArcelorMittal Kriviy Rih has started hot tests of coke oven battery No. 6, the newest in technology of stamp charging and the first of its kind in Ukraine. Adjustment and pre-commissioning works are in progress, coking chambers have been charged and first trial coke has been successfully produced at coke shop No. 1 of the…Details
Kazakhstan, which is the biggest uranium producer in the world, plans to decrease uranium production by 8%, or by 2,000 tons in 2017 (about 3% of total global output), Kazakh State Wealth Fund Samruk-Kazyna said in a report. The output will be reduced due to weak market conditions triggered mostly by a global oversupply. In…Details
According to Interpipe, in 2017 Ukraine will become a net-importer of scrap. The company believes that this year the situation with scrap procurement will further worsen. In 2017 Ukraine will procure 2.9-3.1 million tons of scrap. This is less than what was delivered to local companies in 2016 (3.2 million tons), and much less than…Details
The Donbass blockade could result in the Kramatorsk Ferroalloys Works shutting down, as the coking coal from the occupied Gorlovka and Alchevsk could not reach the plant. “We have absolutely no coke left”, the company blast furnace shop director Alexander Shikhov said. If the blast furnace is shut down, the whole plant will be closed…Details
Following the increase of the minimal wage to 3200 UAH from January 1, metal companies of Mariupol, nevertheless, do not plan to fire employees. According to Azovstal HR director Konstantin Voitsekhovsky, all the jobs have been kept. “As of January the average salary was 10 thousand UAH. That’s considerably higher compared to the average salary…Details
Dneprovsky Iron and Steel Works, a part of the Industrial Union of Donbass, has started replacing coke from Alchevskkoks, blocked in the ATO zone, with deliveries from Poland. As of February 21, there was a threat of the works halting altogether. “Every day we try to find money to pay for the daily norm of…Details
In January Ukrainian by-product coke works produced 1.008 million tons of 6% moisture coke, down by 7.5% YoY. December 2016 saw the output on the level of 997 thousand tons. “In January there was a slight increase in production, but February will be a failure. Alchevskkoks has halted, Yenakievo, Makeevka, and Yasinovsky Coke Works all…Details
In 2017 Ukrainian metal structure manufacturers plan to increase exports to Poland at least 2-fold. Last year metal structure exports to Poland totaled 2 thousand tons, or 27% of all metal structure exports abroad (7.5 thousand tons). “2016 exports to Poland quadrupled from 500 tons in 2015. Taking into account the high interest of Ukrainian…Details