Ferrexpo mining company with assets in Ukraine has appointed Roman Polivoda the acting financial director. The appointment follows the resignation of Konstantin Zhevaho from the office of the CEO and the appointment of the financial director Chris Mawe instead. Polivoda, a citizen of Ukraine, joined Ferrexpo in 2008 as an accountant. Because of the temporary…Details
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Moldova Iron and Steel Works has reoriented the import of scrap from Ukraine to Romania, which has resulted in the drop of output, as the Romanian products are more expensive. According to the chairman of the parliament committee on economic policy, budget and finances Oleg Vasilatiy, the tax burden of the company might be decreased.…Details
In October Vorkutaugol mined 1.213 million tons of coal, up by 70 thousand tons compared with August, when 1.145 million tons of coal were extracted. This was the highest monthly result when operating with 4 mines and a quarry. All the mines fulfilled their output goals in October. The Pechorskaya factory processed 820 thousand tons…Details
According to NLMK, in 2019 domestic demand for steel will grow by 3-5% YoY, with the construction sector being the main driver. In January-September steel demand increased by 8.5%. Next year, NLMK believes, steel consumption will grow by 2-3% and then will have an increase of 2% each year in mid-term. (Ukrainian metal)Details
The arbitrary court of the Central district has not satisfied the cassation appeal of the Lipetsk power company on recovery of 415.34 million rubles of electricity debt from the Svobodniy Sokol Iron and Steel Works from May 2013 till March 2015. In 2013 Svobodniy Sokol and the Lipetsk Power-selling Company (LESK) concluded an agreement on…Details
In January-October Ukrainian seaports decreased ferrous metals exports by 5.2% YoY, to 11.8 million tons. In particular, exports of pig iron dropped by 27.3%, to 1.9 million tons, and rolled metal – by 5.9%, to 6.8 million tons. Mariupol Port exported the most – 3.15 million tons, down by 12%. It is followed by port…Details
In January-October Ukrainian seaports exported 20.7 million tons of iron ore, up by 36.8% YoY. Transit grew by 153.4%, to 3.7 million tons. Port Yuzhniy exported the lion’s share of ore – 17.6 million tons, up by 43.6%. (Ukrainian metal)Details
In September Russia imported 414.3 tons of ferroniobium, down by 22% MoM, but up by 73% YoY. Brazil, the main supplier, has been decreasing deliveries for the second consecutive month. Import price decreased by 3%, to 20.7 per kg. In 9 months imports totaled 3.8 thousand tons, up by 26.5% YoY. In monetary terms since…Details
In August Russia exported 11.4 thousand tons of flat-rolled aluminum, up by 11.3% MoM and by 15% YoY. Deliveries to Poland grew by 75%, to 40% of the overall volume. At the same time exports to Ukraine dropped by 69% and to Finland – by 14%. In 8 months exports totaled 82.1 thousand tons, up…Details
In January-September Kumtor Gold Company produced 451,679 ounces or 14,048.8 kg of gold and contributed more than 10.79 billion soms in taxes and mandatory payments. Kumtor produced 150,305 ounces or 4675.01 kg of gold in the third quarter compared to 122,445 ounces or 3,808.47 kg of gold in the same prior year period. The increase…Details
In August Russia exported 5.2 thousand tons of nickel matte, down by 73.1% MoM, but up by 24.2% YoY. Finland was the only importer in August. In 8 months exports totaled 92.1 thousand tons, up by 71.4% YoY. In monetary terms since the start of the year the exports have increased by 37.6%. Export price…Details
Krasniy Octyabr Iron and Steel Works is taking part in Metal-Expo 2019. The company is actively developing contacts with potential customers. In particular, the company has met with Boya Precision Industrial Equipments co., LTD (China), which produces leveling machines for rolled sheet. Among other potential partners are PromMashTest, which inspects industrial safety, and Janitza Electronics…Details
In October Ukraine exported 2.86 million tons of iron ore raw materials, down by 4% MoM. In 10 months exports grew by 8%, to 33.25 million tons. In October metal companies received 2.4 million tons of raw materials, up by 14%. In 10 months deliveries dropped by 3%, to 23.9 million tons. Iron ore concentrate…Details