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In January-November metal companies decreased ferrous metals export revenue by 10.5% YoY, to $8.22 billion. According to the State Fiscal Service, ferrous metals accounted for 17.88% of all export revenue, down from 21.22% last year. In particular, in November exports revenue reached $596.68 million, down from $683.34 million in October and $694.05 million in November…
DetailsThis year the state enterprise Toretskugol expects to receive 520 million UAH of losses and next year – some 314.6 million UAH. According to the company CEO Vladimir Yukhimenko, Toretskugol is the only state enterprise to mine coking coal. Still, its main problem is sales. Since March some 85 thousand tons of coal valued at…
DetailsIn November Yuzhniy Mining and Processing Works decreased concentrate output by 10.1% YoY, to 949.4 thousand tons. The company did not produce sinter last month. In January-November UGOK produced 11.295 million tons of concentrate, up by 0.3% YoY. (Ukrainian metal)
DetailsUkrzaliznytsia (Ukrainian Railways) continues preferring Russian transit cargo to local transportation, the letter of the Poltava Mining and Processing Works commercial director Dmitry Spatar to the minister of infrastructure Vladislav Krikliy says. “Despite the promise to decrease the volume of transit cargo from 240 thousand tons to 40 thousand tons, an increase of transit cargo…
DetailsThe Commercial Court of Kyiv has cancelled the decision of the Antimonopoly Committee of Ukraine dated April 25 of a fine of 55 million UAH on the TAS Group of Companies, belonging to Sergey Tigipko, for the violation of legislation on the economical competitiveness protection while purchasing Dneprometiz shares. The corresponding decision for the suit…
DetailsEuropean banks will be able to provide Black Iron with a loan of $250-300 million for the construction of a mining and processing works at the Shimanovsky ore massive near Kriviy Rih. The banks have not been named. Black Iron has been engaged in the GOK construction for almost 10 years – the asset was…
DetailsIn January-November Dneprovsky Iron and Steel Works decreased rolled metal output by 37.3% YoY, to 444 thousand tons. Steel manufacture dropped by 38.3%, to 511 thousand tons, and pig iron – by 38.4%, to 492 thousand tons. In November only rolled metal was manufactured (some 10 thousand tons). (Ukrainian metal)
DetailsIn its 45 years of operation the Sibir Central Processing Factory, a part of Yuzhniy Kuzbass, has processed 275 million tons of coal. The factory was commissioned on December 30, 1974 as one of the largest in the industry – its design capacity exceeded 6 million tons per year. So far 215 million tons of…
DetailsAccording to Discovery Research Group, the aluminum section market in Russia in 2018 totaled 242,266.6 tons. In H1 it reached 123,936.4 tons. This year the company expects an increase of 1.5-3% YoY. Manufacture accounts for 83% of the Russian aluminum section market. Hence, manufacturing dynamics has a more noticeable influence on the market than imports…
DetailsBy 2030 steel consumption in construction industry could grow to 39 million tons, up by 30% from 2018. According to Severstal deputy sales director Roman Senatorov, in 2018 Severstal sales to construction companies totaled 4.2 million tons. This year they are expected to grow by 14%, and by 2023 – by 4%, to 5 million…
DetailsOn November 21 Polyus Verninskoye gold output exceeded 7 tons, and the next day it beat the whole 2018 output – 7024 kg. The increase in output is due to the replacement of machinery. In particular, the Verninskiy Mining and Processing Works now operates a Komatsu HD-1500-8 trucks with the lifting capacity of 142 tons.…
DetailsIn January-October Russia’s imports amounted to $201.4 billion, up by 1.5% YoY. Far foreign countries accounted for 88.9%, and CIS – for 11.1%. The share of metal and metal wares in the import structure totaled 7.5%, up from 7.3%. In particular, in imports from foreign countries – 6.3% (6%), and from CIS – 16.8% (17.9%).…
DetailsVerkhovna Rada, Ukraine’s Parliament, has adopted in the first reading the draft bill No. 1210, which presupposes the increase of iron ore mining rent. 232 members of the parliament voted in favor of the bill, 67 were against, 44 abstained and 42 did not vote. The rent is to be set at 12%, which is…
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