Novgorodsky Iron and Steel Works is preparing for the scheduled repairs of its MAERZ furnace, the main copper-smelting machine of the enterprise. The furnace will be put out of operation in late July. The repair is expected to be carried out in 7 days. The work will be carried out by NMZ employees. The capacity…Details
The net profit of Severstal plunged by 62.1% QoQ, to $163 million in April-June, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement on July 20. But revenue increased by 9.3%, to $1.931 billion and EBITDA rose by 8.8%, to $629 million. In January-June, the net profit of the company…Details
Chairman of the Board of Kyrgyzaltyn Almaz Alimbekov commented on reduction in the share of Kyrgyzstan in Centerra Cold Inc. Earlier it was reported that share of Kyrgyzstan decreased by 6% because of the additional issue of shares. According to Almaz Alimbekov, the additional share issue of Centerra Cold Inc. will allow Kyrgyzaltyn to receive…Details
Ukraine: Energy Ministry to make legal arrangements for Turkish companies’ coal purchase from uncontrolled areas
Ukraine’s Energy and Coal Industry Ministry plans to make legal arrangements towards Turkish companies that buy coal from the areas temporarily not under control of the Ukrainian government, minister Ihor Nasalyk reported. “The ministry sent letters to the embassies of eight countries where coal from the ATO zone could be sold. The most problematic is…Details
Ukraine will do without anthracite coal in 18 months, Ukrainian Energy and Coal Industry Minister Ihor Nasalyk has said. “In 18 months we would not raise the issue of anthracite coal purchases for thermal power plants (TPPs). We would still have to buy it for combined heat and power plants (CHPPs),” he noted. Nasalyk said…Details
Nornickel, the world’s largest refined nickel and palladium producer, has released its annual Corporate Social Responsibility (CSR) report, detailing the company’s sustainable performance in 2016. In 2016, Nornickel increased its total spending on environment protection, asset modernization with positive environmental impact and current environmental expenses by 8.9% YoY, to RUB 25.7 billion ($383 million). The…Details
In April-June MMK increased steel output by 3.8% QoQ, to 3.182 million tons. Capacities were 90% loaded. Pig iron manufacture increased by 8.7% QoQ, to 2.578 million tons. The growth has to do with the scheduled repair of blast furnace No. 10 in Q1. Sales in Q2 reached 2.882 million tons, up by 5.9% QoQ,…Details
In 2016 Dalur mined 591 tons of uranium in Kurgan region.
The gradual putting of Dobrovolnoye deposits into operation by 2025 will allow the enterprise to increase output to 700 tons per year.
The Dobrovolnoye reserves are estimated at 7067 tons of uranium. (Ukrainian metal)
In January-June Ukraine exported 20.5 million tons of iron ore raw materials, up by 2% YoY. Imports decreased by 92%, to 90 thousand tons, with no iron ore raw materials imports in June. In H1 Ukrainian metal companies received 12.1 million tons of local iron ore raw materials, down by 14% YoY. In 2016 Ukraine…Details
ArcelorMittal Temirtau intends to increase output of steel to 5 million tons by 2021 and start selling it in EAEU and Central Asia. The company CEO Paramjit Kahlon believes these countries are the most attractive to AMT. “We have found right markets for us to sell our products. We no longer orient to the Black…Details
The Karazhyra board of directors approved of the address to Altyn Bank to borrow $7.5 million for 36 months. The company has pledged 1.3 billion tenge worth of material resources to the bank. In January-May the East-Kazakhstan region, where Karazhyra is situated, exported 14255 tons of coal valued at $321.4 thousand to Uzbekistan and 2022…Details
In January-June Mechel-Service increased earnings by 12% YoY, to 28 billion rubles. Beam sales increased by 15%, pipes by 18% and stainless sheet by 22%. Metal sales in volumes remained almost on the previous year level – 904 thousand tons. “We see the first half year results as quite positive. Against the drop in metal…Details
Dneprometiz has switched from public into private joint stock company. The decision was taken at the shareholders’ meeting on April 24. The change came in effect on July 18. On April 24 shareholders revoked the supervisory board of 4 persons, electing 5 instead, having reelected 3 from the previous board. In 2016 Dneprometiz received 34.73…Details
DTEK Trading LLC has for the first time put 14.5 million tons of gas coal on sale at an auction of the Ukrainian power exchange. All the volume is split into 29 lots of 50 thousand tons each. The initial price of each lot is 2580 UAH per ton with VAT. The coal will be…Details
Evraz Yuzhkoks, uniting Bagley and Kamenskoye (earlier – Dneprodzerzhinsk) coke plants, has started shipping products to Turkey. The export re-orientation has to do with the long idleness of Dneprovsky Iron and Steel Combine in Kamenskoye. In June-July coke deliveries to Turkey reached 16 thousand tons. According to Ukrkoks CEO Anatoly Starovoit, in near time coke…Details
The bill extending the increased duty on exports of scrap ferrous metal in the amount of EUR 30 per ton passed by Ukraine’s Verkhovna Rada would not apply to exports to the European Union member countries, Deputy Prime Minister for European and Euro-Atlantic Integration of Ukraine Ivanna Klympush-Tsintsadze has said. “As for the scrap metal…Details
Machinery and equipment of Aluminum Casting Works (Altai region) have been sold at an auction to Alexei Pyatkov (Barnaul) for 4.9 million rubles. The starting price of the lot (342 units of machinery and equipment) was 98.2 million rubles. Pyatkov bought another lot (60 units) at 9.7 million rubles from the initial price of 48.4…Details
In July Ferrum started producing heavy rebar mesh. The company is capable of producing 700 tons of mesh per month.
The mesh is manufactured according to GOST 23279-2012 of V500S f6-f9 and A500S f10-f12 rebars.
This heavy mesh is used in construction: foundation works, tunnel and bridge construction, foundation pit walls reinforcement, etc. (Ukrainian metal)
NLMK Group, an international steelmaking company with operations in Russia, the USA and the European Union, is upgrading hot-rolled steel production at the Lipetsk site: the plan is to install a new walking-beam reheating furnace to streamline the slab heating process. The new furnace will replace the outdated pusher-type furnaces currently operational at the facility.…Details
The European Union is planning to impose duties of up to 33% on hot-rolled steel imports from Ukraine, Brazil, Iran and Russia to counter what it sees as unfairly low prices, according to a document seen by Reuters. The EU has over 40 antidumping measures to aid European steel producers, mostly aimed at China, Reuters…Details
The share of Kyrgyzstan in Kumtor project decreased by 6%. The Canadian company Centerra Gold Inc. in 2016 bought Thompson Creek, which also specialized in gold and metal mining. The financial operation is estimated at a little more than $1 billion. To ensure a successful deal, additional shares were issued. A total of 26,599,500 new…Details
Severstal plans to continue hot-rolled steel exports to the E.U. market despite the European Commission’s plans to impose antidumping duties, the company said. Mass media said earlier that the E.U. intends to introduce a 5.3% to 33% import duty on hot-rolled steel imported from Russia, Ukraine, Brazil and Iran. According to Reuters news agency, the…Details
U.K.-based mining giant Evraz, which operates mainly in Russia, has cut its steel production by 9.5% QoQ, to 3.328 million tons in April-June, the company said in a statement on July 19.
In January-June, the steel output of Evraz rose by 4% YoY, to 7.007 million tons. (Prime/Ukrainian metal)
In June Chelyabinsk Iron and Steel Works shipped 256.5 thousand tons of metal to its customers via railroad, down by 4.5% MoM and by 5.2% YoY. Local deliveries accounted for 220 thousand tons, down by 8.7% MoM and by 4.7% YoY, while exports stood at 36.7 thousand tons, up by 32% MoM, but down by…Details
In January-June Russian seaports transshipped 384 million tons of cargo, up by 11.3% YoY.
According to the Association of sea trade ports, coal throughput increased by 16.2%, to 75.1 million tons, and of ferrous metals – by 0.1%, to 14.6 million tons. (Ukrainian metal)
In January-June the Russian Railroads transported 41.6 million tons of ferrous metals, up by 2.8% YoY.
Local transportation amounted to 21.8 million tons, up by 1.4% YoY.
International transportation increased by 4.3%, to 9.8 million tons. Imports accounted for 2.5 million tons, up by 60%, exports dropped by 0.5%, to 16.61 million tons. (Ukrainian metal)