Port Ugolniy Company, a part of Tigers Realm Coal (TIG), has started navigation in the port of Beringovskiy in Chukotka. The first bulker to be loaded this year was the Densa Cougar flying the Maltese flag. The vessel will take some 50 thousand tons of coal to the Asia-Pacific region countries. The loading is made…
DetailsIn May, Ukraine increased semi-finished steel products exports by 25.6% MoM, to 732.6 thousand tons, valued at $314.6 million, up by 39.9%. According to the State Fiscal Service, in January-May semis exports totaled 3.1 million tons valued at $1.3 billion. The semi-finished products share in the overall foreign trade reached 6.24%. Almost half of all…
DetailsThis year Dneprospetsstal has faced the increased competition on world markets because of the drop of demand and imposition of limits on deliveries. According to far foreign countries sales director Konstantin Moroshkin, in the past three years the market situation was favorable. The demand for DSS products was quite high. But in 2019 the situation…
DetailsThe development of sizes and grades of products according to foreign standards and demands of key customers is one of the priority tasks for Metinvest this year. This year the group plans to master the manufacture of four new sizes of slabs and 19 new flat rolled products. Some of the new products are already…
DetailsAzovstal Iron and Steel Works has shut down its blast furnace No. 6 for capital repairs. Its modernization will improve its efficiency, lower manufacturing prime cost and decrease dust emission by 55%. At present the specialists are preparing to start disassembling structures. (Ukrainian metal)
DetailsAs of June 11, Ukraine has emptied its individual tariff quotas for the delivery of seamless pipes of stainless steel, other seamless pipes and unalloyed wire to EU. Rebars quota is 99.26% full, cold-rolled metal – 98.13%, angles and sections – 96.63%, and hollow sections – 98.54%. The wire rod quota has been 73.59% fulfilled,…
DetailsAlfa-Bank has reduced its stake in Russian precious metals producer Polymetal International by 0.03% to 4.98%, the bank said in a statement on June 11. The reason for the reduction was not disclosed. (Prime/Ukrainian metal)
Details“We must hear the government’s information about Kumtor before recess,” MP Kozhobek Ryspaev said at a meeting of the Parliament on June 12. According to him, there is a decree of the Parliament on monitoring the negotiations on a new agreement on Kumtor. Therefore, it is necessary to consider information of the government on the…
DetailsVelcom LLC, extracting gold on the territory of the Khabarovsk region, intends to obtain 50 kg of alluvial gold this season. Sands washing traditionally started in May. The company operates at one licensed site – the Bolin Brook deposit. So far 9 kg of gold has been extracted. Last year output was 60 kg. The…
DetailsCherepovets Iron and Steel Works has assembled and put into operation an APR-650 coil-rewinding machine with the capacity of 650 thousand tons per year. The machine is scheduled to reach its design capacity in Q3. Over 30 jobs have been created. In May employees were trained by LDM (Italy) specialists. (Ukrainian metal)
DetailsSeverstal shareholders have approved the payment of dividends for Q1 in the volume of 35.43 rubles per share, down by 7.5% YoY. The total amount of dividends will be 29.68 billion rubles, with Alexei Mordashov as the main shareholder (77.03%) accounting for 22.86 billion rubles. In Q1 2018 the company paid 38.32 rubles per share.…
DetailsKarelsky Okatysh is carrying out a number of projects to increase product quality. In particular, the company has assembled machinery for magnetic gravity separation. The technique will be tested in the concentrate and pellets manufacture. It is expected to increase iron content by 1.5% and decrease silicon content. Another project is to decrease pellets basicity.…
DetailsThe department of the inner market protection of the Eurasian Economic Committee has published a report on the investigation of the imports of some types of rolled metal. Following the investigation the department suggests imposing a special protection measure in the form of a quota for a year to prevent considerable damage to the metal…
DetailsIn H1 ChTPZ expects to sell over 900 thousand tons of pipe products. According to the pipe division CEO Boris Kovalenkov, the expected drop of revenue – to 88 billion rubles – will be compensated for in H2. Net debt to EBITDA ration will be 2.5-2.75. Last year ChTPZ pipe division enterprises sold 1.92 million…
DetailsMetinvest will invest 4 million UAH in the projects to create children development centers in Kriviy Rih. The best projects will be chosen at the business idea competition organized by the Kriviy Rig Foundation of the Future and implemented with the help of Metinvest. Each project will receive a grant of at least 300 thousand…
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