Ukraine: decline in industry deepens

In April industrial output in Ukraine decreased by 1.7% MoM and by 4.6% YoY.

According to the State Statistics Service, in metal industry output decreased by 6.5% MoM and by 10.7% YoY.

Coke output dropped by 2.2% MoM and by 27.3% YoY.

In 2016 industrial output in Ukraine increased by 2.4% YoY. (Ukrainian metal)

Russia: Revda Works sees losses in Q1 2017

In January-March Revda Non-Ferrous Metals Processing Works received 3.3 million rubles of net losses.

In Q1 2016 it received 13.9 million rubles of net profits.

The company earnings increased by 33.6%, to 865.2 million rubles. (Ukrainian metal)

Belarus needs no terrorist coal

According to the deputy prime minister of Belarus Vladimir Semashko, the country is not negotiating coal supplies with the self-proclaimed Lugansk People’s Republic, a terrorist organization created and supported by Russia. “Belarus has no need for Donbass coal”, he said. The reason for such a statement was the interview of the LPR leader Igor Plotnitsky…

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Kazakhstan: gold output up in January-April 2017

In January-April Kazakhstan produced 26772 kg of raw gold, up by 24.5% YoY.

According to the Statistics Committee of the Ministry of national economy, raw silver output decreased by 10.1% YoY, to 357310 kg. (Ukrainian metal)

Azerbaijan: metal imports in Q1 2017

In January-March Azerbaijan imported 71630.6 tons of rolled steel, up by 24.9% valued at $43123.9 thousand. According to the Statistics Committee, ferrous bars imports dropped by 20.3%, to 14829.2 tons valued at $8608.9 thousand, ferrous angles imports went up by 23.7%, to 7654.4 tons at $5318.2 thousand, and pipes – decreased by 73.6%, to 20660.4…

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Russia: gold output up in January-April 2017

In January-April Russia increased output of raw gold and gold powder by 4.3% YoY.

According to the statistics, in April gold output increased by 2.3% YoY, but dropped by 25.3% MoM. (Ukrainian metal)

Ukraine: acting chief accountant appointed at Zaporizhstal

Svetlana Ampilogova has been appointed the acting chief accountant of Zaporizhstal. According to the company press service the ex-chief accountant Natalia Mikhayskaya has been appointed the financial controller of Zaporizhstal. “Natalia Mikhayskaya has been a successful chief accountant, she has been developing the financial function of the enterprise. Now she heads the new for her…

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Russia: Mechel deals with Gazprombank approved

Mechel held a shareholders’ meeting on May 17.

The shareholders have approved deals with Gazprombank.

Thus they have approved of changes to the suretyship agreement on securing the loan contracts of Yakutugol and Yuzhniy Kuzbass with Gazprombak, as well as pledging 25% +1 share of Mechel-Mining ordinary shares to the bank. (Ukrainian metal)

Russia: Smolensk region to start producing aluminum sections

The Alvidprof company will start manufacturing aluminum sections on the territory of the Phoenix industrial park in Smolensk region by the end of 2018.

Investments in the project total 400 million rubles.

Alvidprof has become the first resident of the industrial park, the construction of which will finish in Q3 2018. (Ukrainian metal)

Russia: PMKh output down in Q1 2017

In January-March the Industrial Metallurgical Holding enterprises mined 542 thousand tons of coking coal, down by 28% QoQ. The decrease was the result of the planned disassembly and assembly of machinery at Butovskaya mine and the short calendar period of the first quarter. Berezovskaya factory decreased coal concentrate processing by 6% QoQ, to 644 thousand…

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Ukraine: Centrenergo cancels coal tender

The power-generating company Centrenergo has cancelled the tender to buy 700 thousand tons of anthracite coal for Zmievskaya and Tripolskaya thermal power plants with delivery in May-December. According to the company statement, the decision was taken by the management in fear of the price increase in case of exchange rate fluctuations. 2 companies participated in…

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Ukraine: Mariupol Ilyich to implement anti-crisis measures because of raw materials shortage

Metinvest intends to implement anti-crisis measures at its Mariupol Ilyich Iron and Steel Works. In particular it is suggested using iron ore raw materials wastes to produce sinter in view of undersupplies of sinter ore via railroad. “We intend to implement new methods of operation providing for the more efficient usage of secondary materials, thus…

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Ukraine: EMSS produces rolls for AMO

Energomashspetsstal has shipped a batch of back-up rolls to the Czech Republic.

The delivery is being carried out under the contract concluded by EMSS and ArcelorMittal Ostrava in August 2016.

The rolls with the total weight of 103.3 tons will be used in hot-rolling strip mills. (Ukrainian metal)