ArcelorMittal Kriviy Rih following the results of 2016 has paid the reward, or the so-called 13th salary, to its employees. On February 10, the money was transferred to their accounts. The reward is paid in the form of an average monthly salary in 2016. The company also paid the mobilized employees. Steel Service, a daughter…Details
In 2016 revenues from Donetsk region exports (not counting the ATO zone) totaled $3.4 billion, down by 7.2% YoY. Still, the region accounted for 9.4% of all the export revenue in Ukraine, being third only after Kiev and Dniepropetrovsk region. Donetsk region exported to 105 countries in 2016. Almost half of export revenue accounts for…Details
In 2016 Lemtrans transported 60.2 million tons of various cargoes by rail in total. Coal and iron ore account for the biggest share of shipped cargo. In particular, the company transported 24.72 million tons of coal and 19.94 million tons of iron ore. The biggest growth was seen in the transportation of coke: a 46.8%…Details
Russia’s Magnitogorsk Iron and Steel Works may allocate 60% of its free cash flow on dividends for July-December 2016, the company said in a statement. “On the back of strong profitability and lower debt load, the company’s management decided to recommend that the board of directors pay dividends representing 60% of free cash flow for…Details
The blockade of coal supplies from the occupied territories threatens national security, Ukrainian Prime Minister Volodymyr Groysman said at a Cabinet’s meeting. “As for the blockade, I strongly oppose any smuggling, and the result of this struggle is additional 18 billion UAH in budget proceeds. I agree that we need to stop the movement of…Details
In January Ukrainian companies increased ferroalloys output by 35% YoY, to 89.72 thousand tons. According to the Association of Ukrainian Ferroalloy Producers, silicomanganese output totaled 66 thousand tons, up by 31.77% YoY, ferromanganese output – 13.88 thousand tons, up by 75%, and ferrosilicon – 8.89 thousand tons, up by 13.25%. Metallic manganese production went up…Details
In January Ukraine imported 78.373 thousand tons of nickel ore and concentrate valued at $3.74 million, up by 18.5% but down by 27.8% YoY respectively. According to the State Fiscal Service, all the raw materials came from Guatemala. Last month Ukraine did not export or re-export these products, while in January 2016 it exported 51…Details
In 2016 MMK increased its net profits 2.5-fold YoY, to $1.111 billion. According to the company statement, its free cashflow totaled $728 million. EBITDA increased by 17.3% YoY, to $1.956 billion. Company revenues dropped by 3.6% YoY, because of the low sale prices. This year MMK forecasts the increase in steel demand in Russia by…Details
Yuzno-Sakhalinsk is carrying out a major project on the construction of the Aqua-City multi-functional complex, which will become the largest aqua-park in the Far East.
Andrometa supplies metal structures for the construction. So far the company has supplied 2 thousand tons of welded structures. (Ukrainian metal)
In 2016 Russia increase raw zinc output by 4.7% YoY.
According to the Federal Service of State Statistics, in December 2016 raw zinc production went up by 16.4% YoY and by 19.1% MoM. (Ukrainian metal)
In 2016 Russia decreased raw lead production by 8.6% YoY.
According to the Federal Service of State Statistics, in December 2016 raw lead output decreased by 9.9% YoY, but went up by 8.5% MoM. (Ukrainian metal)
The rolling shop of NLMK-Ural has replaced its gas flowmeter.
The project will help decrease gas consumption by 213 thousand cubic meters per year, allowing the company to save some 0.87 million rubles.
NLMK-Ural spent 0.6 million rubles on the project. (Ukrainian metal)
Beloretsk Iron and Steel Works, a part of Mechel, has confirmed the correspondence of the quality of its steel galvanized ropes with the river vessel construction requirements. The corresponding certificate has been issued by the Russian River Registry. The certificate allows the company to supply steel ropes to Russian ship-builders. Steel ropes of 18 GOSTs…Details
The State Committee for Industry, Energy and Subsoil Use revoked 10 licenses for mining. Ken KG LLC lost its license to mine rhinestone. Two licenses of Kench Kut LLC, which mines rhinestone and serpentine rock, have also been revoked. Too Ken Bars, Alfa Consult, Master Elitstroy, Satmen LLC, engaged in mining of limestone, had their…Details
According to the Statistics Committee of the Ministry of national economy, export prices in 2016 increased by 9.4% on average, import prices – by 16.4%. The highest increase in export prices was observed in zinc (by 72.8% YoY), lead (54.5%), ferrous metals (37.2%), aluminum (28.2%), coal (25.5%) and ferroalloys (24.1%). Ferrous and non-ferrous metal ores…Details
Kaz Minerals Group reports the production of the first copper concentrate of sulfide ore at its Aktogay Mining and Processing Works according to the schedule to start the manufacture in Q1. The Aktogay processing factory begins increasing capacity to reach the project manufacturing target in H2. The group intends to produce around 300 thousand tons…Details
MMK has presented information about its industrial park. Special sections contain important data for existing and future residents of the industrial park, in particular, lease calculator, free are, transport infrastructure, etc. “The implementation of the project will help residents of the park integrate into the technological chain of MMK. We are prepared to offer help…Details
Because of the unsatisfactory operation of Ukrzaliznytsia last year Ukrainian metal companies underproduced 3 million tons of steel. In H2 2016 Ukrzaliznytsia operation was the worst in the last couple of years. “Ukrzaliznytsia said it ended the year with several hundred millions of profits, but the state budget didn’t receive some billion UAH because of…Details
In January scrap stocks at Ukrainian iron and steel works decreased by 70 thousand tons, to 120 thousand tons. Last month metal companies received 230 thousand tons of scrap, down by 90 thousand tons MoM, or 73% of their need. In January Ukraine exported 10 thousand tons of scrap and imported 2 thousand tons. In…Details
U.K.-registered gold producer Petropavlovsk Plc, which operates in Russia, can start paying dividends after 2018, CEO Pavel Maslovsky declared. The company set a condition that dividend payments would start once a debt to EBITDA (earnings before interest, taxes, depreciation and amortization) ratio is below 2 to 1, in December 2014 during loan refinancing. “Now the…Details
Rosterminalugol JSC says it has loaded 2 million tons of coal this year (as of February 11). The milestone ton was loaded onto Panamax ship Nireas, the tenth vessel handled in February and the 33rd from the year beginning. In 2016, this result was achieved on February 29. Rosterminalugol JSC (port Ust-Luga, Leningrad Region) is…Details
Alchevsk Iron and Steel Works has been shut down because of the lack of iron ore raw materials and the railroad blockade. Yenakievo Works and Donetskstal are also on the brink of being shut down. The current average daily pig iron and steel output is 5% lower MoM. As of February 14, 20 out of…Details
Ukraine consumes 24 million tons of coal, of which 9 million is anthracite group produced from the Ukrainian subsurface in the temporarily occupied territories, and which totals one third of the whole electricity in the country, Ukrainian Prime Minister Volodymyr Groysman stated. He said that public strict monitoring must be introduced, if cases of smuggling…Details
Russian billionaire Mikhail Prokhorov’s Onexim Group will sell 3.3% in aluminum giant UC RUSAL for $240 million, a banking source familiar with the deal reported. Onexim plans to sell 505 securities at 3.7 Hong Kong dollars, or 27.7375 rubles, per share. Dimosenco Holdings, an affiliate of Onexim group, started collecting bids for 2.5% in RUSAL…Details
Russian metallurgical company Ruspolymet plans to launch a 1.14 billion ruble plant to produce powdered high-speed steel billets for metal-cutting tools in the Sarov technological cluster in the Nizhny Novgorod region, the company’s board of directors chairman Viktor Klochai announced. The project will be implemented by Ruspolymet’s subsidiary Grankom under state industrial corporation Rosatom’s scientific…Details
The Ukrainian Prime Minister Vladimir Groysman said that in 3-5 years the country would be able to cope without anthracite coal from the occupied territories of Donbass. “To carry out the modernization and replace this coal with, say, gas-generating group, which is mined on controlled territory, we will need some 3-5 years and around 15…Details