The new owners of Shadrinsk Metal Structures Works will invest around 1 billion rubles into modernization. In the first place Invest, the owner of the works, will construct the galvanizing line. It is expected to be put into operation in spring 2018, while the main manufacture (of metal structures) – in the second half of…Details
Severstal, one of the world’s leading vertically integrated steel and mining companies, has signed contracts for the engineering and supply of equipment for the refurbishment of blast furnace No. 5 at the Cherepovets Iron and Steel Works. The Netherlands-based engineering company Danieli Corus B.V. will provide the furnace casing and the cooling system equipment including…Details
The state gas-extracting company Ukrgazdobycha has ordered Interpipe the delivery of 17 thousand tons of casing pipes valued at 839.197 million UAH. The company will buy 14350 tons of assorted casing pipes, 2150 tons of casing pipes with premium threads and 500 tons of triangular thread casing pipes. According to the agreement the pipes have…Details
In April Coal Energy S.A. decreased coal output by 66.4% (by 15.3 thousand tons) YoY, to 7.7 thousand tons. According to the company statement, output went up 3.8-fold MoM, or by 5.7 thousand tons. Coal Energy unites 10 coalmines. It supplied coal to thermal power plants, coke and cement works. It also exported to Bulgaria,…Details
In January-March the thermal power plants of DTEK Zakhidenergo consumed 173 thousand tons of coal, mined by Volynugol and Lvivugol, or 74% of their total sales. In 2016 the DTEK share in Lviv-Volyn miners sales was 66% (667 thousand tons), in 2015 – 49% (486 thousand tons). At present the purchase of Ukrainian coal is…Details
Rosterminalugol JSC, the largest dedicated coal port in the Baltic region, a part of Russia’s largest coal port holding Port Management Company LLC, says it has exported 8 million tons of coal this year (as of May 17). According to the company, the terminal’s throughput surged by 41% YoY. The milestone ton was loaded onto…Details
In January-March Metalloinvest produced 600 thousand tons of pig iron, down by 8.5% YoY. According to the company statement, the decrease of the output has to do with the repairs of a blast furnace, as well as the shorter calendar work time. Steel output increased by 1.1%, to 1.2 million tons. Russia’s share in the…Details
The Verkhovnaya Rada committee on industrial policy and entrepreneurship recommended the parliament to extend the scrap export duty of 30 euro per ton for 2 years.
According to the state enterprise Ukrpromvneshexpertisa in 2016 scrap procurement reached 3.5 million tons, the minimum volume for the past 20 years. (Ukrainian metal)
The negotiations between administration of Evraz Sukhaya Balka and miners on the salary increase are underway. As the result of the meetings held on May 12, 15 and 16, the administration decided to review its previous decision on wage increase. The company is prepared to increase salary by 20%. Taking into account the 3% increase…Details
In Q1 Magnitogorsk Iron and Steel Works finished the reorganization of its coalmining company Belon.
Within the program 7 companies, previously a part of Belon, joined MMK-ugol.
MMK controls 67.76% of MMK-ugol. (Ukrainian metal)
In January-March VSMPO-Avisma received 5.07 billion rubles of net profits, down by 34% YoY.
Earnings totaled 17.9 billion rubles, down by 3%.
The company accounts receivable increased to 20.1 billion rubles, while accounts payable dropped to 6.46 billion rubles. (Ukrainian metal)
The Polyarnaya artel plans to obtain 250-270 kg of alluvial gold in Chukotka this season. “We haven’t started operations yet, as the snow covers the sites, and there is no water. Sand washing will start in June. We expect the growth of output at the level of 30-50 kg”, the company chief geologist Ananiy Solomchuk…Details
Mechel-Service has opened a new warehouse in Biysk. The total number of the company warehouses in Russia has grown to 62 and the cities where it is present to 45. Earlier customers had to travel 165 km to Barnaul, where the nearest warehouse was situated. The customers of the new warehouse are construction companies, metal…Details
In 2017 Guryevsk Iron and Steel Works intends to produce 106.6 thousand tons of steel, up 1.9-fold YoY. Rolled metal output is expected on the level of 134.5 thousand tons, up by 43.8%, and grinding balls – 60.7 thousand tons, up by 8.4%. In Q1 the works earnings increased by 17.3% YoY, to 990.56 million…Details
As of May 15 average daily steel output is on the April level. As of May 16, 16 out of 28 blast furnaces (57%), 12 out of 21 converters (57%), 7 out of 9 open-hearth furnaces (78%) and 7 out of 15 electric arc furnaces (47%) are operating. Mariupol Ilyich Iron and Steel Works and…Details
In April Ukrainian metal companies received 290 thousand tons of scrap, up by 25 thousand tons MoM, or 95% of the need. In January-April metallurgists received 1 million tons of scrap, up by 15% YoY, and 82% of the need. Scrap stocks at metal companies in April increased by 20 thousand tons, to 115 thousand…Details
In April Ukrainian metal companies consumed 120 million cubic meters of gas, down by 20 million cubic meters MoM. Average daily gas consumption dropped by 0.5 million cubic meters MoM, to 4 million cubic meters. In January-April metal industry consumed 630 million cubic meters of gas, up by 6% YoY. Average daily consumption was 5.2…Details
In January-April Ukraine exported 4.9 million tons of rolled metal, down by 22% YoY, valued at $2.1 billion, up by $400 million. The export share in the total rolled metal manufactured was 82% against 86% in January-April 2016. Semi-finished metal reached 40% in the total exports (2 million tons) against 46% (2.9 million tons). At…Details
Kazakhstan has imposed a 6-months prohibition on ferrous scrap and waste exports. The corresponding Ministry of investments and development decree comes into effect 10 days after its official printing, or from May 27. The goal of this action is to support the local metal industry. On August 1, 2016 Kazakhstan already imposed a 6-months prohibition…Details
Index provider MSCI added NLMK, an international steel company with facilities in Russia, the USA, and the EU, to the MSCI Emerging Markets and MSCI Russia indices. The announcement was made based on the results of MSCI’s Semi Annual Index Review. The changes will be implemented as of the close of May 31. NLMK’s shares,…Details
China-based Sany Heavy Industry has shown interest in the modernization of Ukrainian state-owned coalmines with the high degree of machinery and equipment wear and tear, according to the Ukrainian Energy and Coal Industry Ministry’s website. “Chinese companies have shown interest in upgrading Ukrainian coal enterprises. During a visit to China, representatives of Ukraine’s Energy and…Details
There is no more salary debt to miners of Lviv region. The April salary is being paid out. “This is provided for by the collective agreement on the level of the Ministry of energy and coal industry documents. With the help of the state support the miners get their wages, while the administrative staff –…Details
In March the cost price of coal at the state mines increased by 10.6% MoM, or by 265.26 UAH per ton, to 2775.57 UAH per ton, according to the Ministry of energy and coal industry. At present the cost price of coal at the state mines is 68%, or 1123.38 UAH per ton, more than…Details
The global 2017 palladium supply will shrink by 2%, to 6.631 million ounces or 206 tons, and Russian sales will decline by 3%, to 2.684 million ounces or 83 tons, meaning that deficit will widen to 24.4 tons, Johnson Matthey, the world’s largest refiner of platinum and palladium, said in a research note on May…Details
In January-March Ukraine supplied 364 thousand tons of steel products to Russia, up 1.5-fold YoY. According to the Federal Customs Service, the value of the deliveries is $220 million, up 2.3-fold YoY. The main part of the import (48.5%) was the flat-rolled steel, up by 19.6% YoY, while value increased 2.4-fold. Some 40% of imports…Details
Kazakhmys Corporation intends to construct a hydrometallurgical works valued at $350 million. “Its copper concentrate output will be 649.2 thousand tons per year. The construction is planned for 2018-2021”, a company representative explained. “Actually we plan to construct two works. The first one will be trial with 32.16 thousand tons of concentrate per year”. (Ukrainian…Details