Shares of the Russian steelmaker Severstal were sold for 885.36 rubles per paper and its global depositary receipts (GDRs) for $14.97 per security, organizer of the deal Goldman Sachs said in a statement on November 9. On November 8, a source reported that Pearlgreen Limited, a company of businessman Alexei Mordashov, had put up 2.1%…Details
In January-October Ukraine exported 31.72 million tons of iron ore and concentrate valued at $2.179 billion. According to the State Fiscal Service, the share of iron ore and concentrate in the total exports was 6.2%. The largest volumes of iron ore and concentrate were exported to China – $600.559 million (27.5% of the total iron…Details
Avdiivka Coke and Chemical Works has started repairing one of its three thawing garages. According to the company statement, in winter it has difficulties unloading frozen coal from trains. Thawing garages help solve this problem. The repaired garage in severe cold could accommodate up to 30 train cars with coal for thawing and prepare coal…Details
According to the Ministry of economic development, in September the metallurgical manufacture index increased by 0.5% YoY, but dropped by 3.2% MoM. In particular, pig iron output increased by 4.9% YoY, stainless steel by 0.3%, non-alloyed steel by 0.4%, alloyed steel by 4.6%, rolled metal by 1.6%, seamless stainless steel pipes by 27.9%, compressor-pump pipes…Details
Nordgold has announced plans to start a new project in 2022 – gold extraction at the Uryakh deposits in Irkutsk region. As of 2017 the deposits reserves are estimated at 2.1 million ounces with gold content of 3.4 g per ton for open-pit mining and 2-3 million ounces for underground mining. License for gold mining…Details
Kyshtym Electrolytic Copper Plant intends to continue modernization. In particular, the company wants to completely switch to electrolysis bathes made of polymer concrete. This material is long lasting (up to 25 years), resilient and easy to use. “Now the copper electrolysis shop has ferroconcrete bathes. Every 5 years they need their lining replaced, and every…Details
Pearlgreen Limited, a company of businessman Alexei Mordashov, has put up 2.1% of Russian steelmaker Severstal, or about 18 million shares and global depositary receipts (GDRs) for sale through an accelerated book building, a financial source reported on November 8. The cost of the stake is estimated at about $276 million, or 16.341 billion rubles…Details
PJSC MMC Norilsk Nickel, the largest refined nickel and palladium producer in the world, announces preliminary consolidated production results for the third quarter and nine months of 2017. First Vice-President — Chief Operating Officer, Sergey Dyachenko commented on the production results: “In Q3 our nickel production increased by 10%, as Talnakh Concentrator reached its design…Details
Cherepovets Iron and Steel Works has obtained a Lithuanian certificate for B500B steel with the diameter of 10-32 mm for concrete reinforcing. According to the company statement, its rebars have been certified to LST EN 10080:2006. “Thanks to the certification Severstal will expand the geography of supplies and increase its efficiency with the help of…Details
In January-October DTEK mines produced 18.8 million tons of G-grade coal, up by 9.2% YoY. According to the company statement, in October DTEK Pavlogradugol and DTEK Dobropoplyeugol increased output from 1.8 million tons in September to 1.9 million tons. In 9 months DTEK invested in the development of the manufacture some 3 billion UAH. (Ukrainian…Details
The state enterprise Selidovugol has ordered Donenergoexport LLC the delivery of mine sections valued at 17.89 million UAH. In particular the company has to supply 100 tons of SVP-27 sections at 37.5 thousand UAH per ton and 500 tons of SVP-33 sections at 28.29 thousand UAH per ton. At the same time these sections are…Details
The Commercial Court of Kiev has ruled that Dneprovsky Iron and Steel Combine has to pay 2.469 billion UAH of fine and 233 million UAH of 3% interest to Metinvest under the contract on iron ore raw materials delivery dated December 29, 2010. Together with the debts of Alchevsk Iron and Steel Works, the debt…Details
The pipe-rolling shop No. 1 of the Seversk Pipe Works has completed another stage of the flow line No. 5 modernization The project was carried out without stopping the manufacturing process. The new SMS Group presses assembled in the ship will be tested in December 2017 – January 2018. “The project of flow line No.…Details
In 2018 coal output at the Sayano-Partizansky pit in Krasnoyarsk krai will increase by 30% YoY, to 1 million tons. According to Russian Coal, then output will reach 1.5 million tons and increase to 3 million tons per year. The pit is the only deposit of coal in Krasnoyarsk krai. 80% of coal mined there…Details
Karelsky Okatysh has put in operation the fourth EKG-20KM excavator.
The first two excavators have been operating at the Central and South quarries for over a year already.
The third excavator was put in operation in August. (Ukrainian metal)
NLMK-Kaluga has put into operation a steel-casting ladle with a new wall lining, which decreases refractory materials usage by 25%. The ladle transports liquid steel from the furnace. Earlier NLMK-Kaluga ladles have been lined with refractory bricks. The new technique uses liquid refractory concrete. “We intend to save some 29.1 million rubles a year with…Details
In early November Donetsk Iron and Steel Works, situated in the temporarily occupied region, stopped operating because of the lack of funds.
The money provided by the managing company Vneshtorgservice LLC was used to buy fuel, raw materials, machinery, etc.
In June the works was shut down because of the absence of fuel. (Ukrainian metal)
In January-October Ukraine imported 2.167 thousand tons of hot-briquetted iron, down by 95.2% YoY. According to the State Fiscal Service, imports decreased in monetary terms by 92.5%, to $580 thousand. Ukraine does not export or re-export HBI. The largest manufacturer of HBI in the CIS countries is Lebedinsky GOK (Russia). In 2016 because of the…Details
In January-September Nordgold yielded 716.8 thousand ounces (22.3 tons) of gold, up by 13% YoY. The prime cost in H1 increased by 7%, to $689 per ounce. Sales grew by 13%, to 716.3 thousand ounces, with the average price down by $6 YoY, to $1257 per ounce. The company revenue increased by 13%, to $900.5…Details
In October StalTrans sold 3.6 thousand tons of metal wares, up by 2.75% MoM, including 2.7 thousand tons of wire, up by 1.28%, and 0.7 thousand tons of nails, up by 1.26%. In January-October sales increased by 12.9% YoY, to 37.9 thousand tons. Wire sales grew by 14.7%, to 28.1 thousand tons, while nails by…Details
In January-September Severstal supplied some 414 thousand tons of rolled metal to Russian machine-builders, up by 15% YoY. The increase was the result of the growth of metal consumption in some industries, in particular in railroad, lifting and transport and agriculture machine-building. In 2017 Severstal expects steel demand in machine-building to grow by 12.5% YoY.…Details
In January-October Dneprospetsstal produced 140 thousand tons of rolled metal and 215.2 thousand tons of steel, up by 12% and by 9.5% YoY respectively.
In October the output totaled 23 thousand tons of steel and 14 thousand tons of rolled metal.
In 2016 Dneprospetsstal decreased output by 8.3% YoY, to 6.295 billion UAH. (Ukrainian metal)
The Federal Antimonopoly Service has opened a case against Kovdor Mining and Processing Works after Severstal’s report on the enterprise iron ore price increase in early 2017. The FAS has found out that Kovdor GOK is the only manufacturer in Russia of concentrate with 6% magnesium content. Its cost in January increased by 48% MoM…Details
The State Service of Geology and Subsoil has prolonged the special license to mine iron ore to Evraz Sukhaya Balka for 20 years, till November 7, 2037. The decision was taken on November 7. The granting of the license was the result of the Dniepropetrovsk district administrative court ruling, as well as the Supreme Administrative…Details