ArcelorMittal Kriviy Rih has put in operation a new iron ore transporting complex. This year the company intends to increase iron ore output at the mine named after Artem from 757.6 thousand tons in 2017 to 1.013 million tons. This will make the company cover all its needs in sinter ore. For this a new…
DetailsIn 2017 NLMK Group steel output increased by 3% YoY, to 17.1 million tons. Group steelmaking capacities were running at 98%. NLMK Group sales in 2017 grew to 16.5 million tons, up by 3% YoY. Sales of finished steel increased by 5%, to 10.8 million tons, accounting for more than 65% in the group’s total…
DetailsThe state enterprise Mirnogradugol has ordered Vizarremprom LLC the delivery of anchoring for shaft operations, parts of mechanized anchoring sections and hydraulically operated mine props valued at 102.22 million UAH. According to the agreement, within 90 days of the 100% prepayment receipt the company has to deliver 30 units of hydraulic anchoring at 174396 UAH…
DetailsThe state enterprise Mine named after Surgay has concluded agreements on the delivery of goods valued at 199,999 UAH each at the total amount of 1.8 million UAH.
As the expected price of each purchase was below 200 thousand UAH, the enterprise was allowed not to hold the open trade. (Ukrainian metal)
In the town of Ukrainsk (Donetsk region) miners from the Ukraina mine of the state enterprise Selidovugol have made a preliminary strike and are preparing for mass actions because of the non-payment of salary. “On January 15 the first shift of the miners didn’t come to the work, a part of the second and third…
Details“Non-Ferrous Metals Alloys Manufacture” of Uralelectromed has received new machinery valued at 10.5 million rubles. In particular, hydraulic forming machines have been supplied from Turkey and vertical milling machine – from Belarus. The new machinery will improve productivity and increase product range. The purchase of the new mills was presupposed in the program of modernization…
DetailsMetinvest has increased its share in Azovstal Iron and Steel Works from 96.22373% to 96.74396%. In particular, the share of Metinvest B. V. grew from 74.66433% to 75.18456% following acquisition on the secondary market. As of Q3 2017, Metinvest International S. A. owned 21.5594% of Azovstal shares. The statutory capital of Azovstal is 1.972 billion…
DetailsIn December 2017 Kazakhstan produced 0.424 million tons of steel, up by 13.9% YoY and by 2.2% MoM. In 2017 steel manufacture totaled 4.663 million tons, up by 9.4% YoY. Ferroalloys output increased by 6.6% YoY in 2017, to 1.948 million tons. In December 2017 output grew by 5.2% MoM and by 6.1% YoY, to…
DetailsBrazil Steel Institute (IABr) has called unacceptable the technical report of the Ministry of Finances on antidumping measures to steel imports from Russia and China. According to the ministry the final antidumping measures will negatively affect local customers, which would face short-term difficulties when making their delivery chains. Moreover the antidumping duties will result in…
DetailsMagnitogorsk Iron and Steel Works (MMK) has signed an investment contract with Italian company Danieli & Officine Meccaniche S.p.A. to modernize MMK’s rolled section workshop’s double-strand mill No. 170. The value of the contract for the supply of technical documentation, equipment, installation supervision services, and operational training amounts to EUR 5.5 million. The project is…
DetailsGazprom is negotiating a 20% discount with pipe producers. A source said that the decision had been already made and all pipe producers agreed on the discount. Two sources said that the issue was discussed between Gazprom and pipe producers’ executives on January 16 but no final decision had been made. One more source said…
DetailsThe Toshkovskaya Mine of the state enterprise Pervomayskugol has put a new long face into operation. Its length is 200 meters, and the reserves are estimated at 150 thousand tons of coal. With the output of 100 tons per day, the miners have enough work for some 4 years. It should be noted that prior…
DetailsIn 2017 Polyus increased gold output by 10% YoY, to 2.16 million ounces (67.2 tons) mostly because of the increase of production at Olimpiada and Verninskoye deposits. The company forecast the output on the level of 2.075-2.125 million ounces of gold. Sales grew by 13%, to 2.158 million ounces, including 170 thousand ounces of gold…
DetailsIn 2018 ArcelorMittal Temirtau intends to increase steel output by 8.8% YoY, to 4.35 million tons per year. According to the company statement, metal sales are expected to grow to 4 million tons. “We also plan to produce 3.94 million tons of pig iron. We have to prove that we can reach this target, as…
DetailsThe State Committee on Ownership Issues has for the fifth time announced an investment competition to sell 99.22% of Dashkesan Mining and Processing Works (Dashkesan Filizsaflashdirma). The committee intends to sell 527.447 thousand shares with the nominal price of 2 manats per share. The total cost of the 5-year investment program, which the competition participants…
DetailsIn 2017 Chukotka Autonomous District mined 445.3 thousand tons of coal, up by 93% YoY.
The considerable increase was reached thanks to the commissioning of the Fandyushkinskoye pole deposits in December 2016.
The license is owned by Beringpromugol LLC. Last year the company mined 255.88 thousand tons of coal there. (Ukrainian metal)
TMK Chermet has successfully passed the qualification audit as an independent supplier of scrap and ferrous metals wastes to the enterprises of the Pipe Metallurgical Company. The audit has been carried out by the Russian research institute of pipe industry. Following the check the company has been entered into the list of TMK approved suppliers.…
DetailsIzhstal specialists have capitally repaired the bar-wire mill 250. The repair was carried according to the schedule. This mill is important for the company, as it produces around 45% of the total output. In 2017 the 250 mill produced 222 thousand tons of rolled metal of structure, stainless, bearing, tool and speed steels, up by…
DetailsRussian gold producer Mangazeya Zoloto plans to raise production by 95%, to 1.5 tons in 2018, CEO and owner Sergei Yanchukov declared. The company will nearly triple geological exploration spending to 350 million rubles this year to increase the Baikal region reserves of the group to over 100 tons, he said. Production of the Savkino…
DetailsIn January-November 2017 the share of Russian exports of metal and wares to far foreign countries reached 10.1%, up from 9.9% in 2016. The monetary volume of exports grew by 28%, while physical volume dropped by 3.2%. Pig iron exports decreased by 13.1%, aluminum – by 6%, ferroalloys – by 5.8%, and semi-finished products of…
DetailsDeputy Prime Minister of Ukraine Volodymyr Kistion says Ukraine in 2017 almost halved consumption of anthracite coal whose stocks in Ukraine are insufficient, having used 4.8 million tons of anthracite at its thermal power plants. “In 2017 Ukraine consumed slightly more than half of anthracite coal compared to 2016. If in 2016 we burnt 8.9…
DetailsIn 2017 Ukrainian metal works purchased 2.83 million tons of scrap, down by 12.7% YoY. Scrap covered only 90% of the need. The average usage of purchased scrap was 133 kg per 1 ton of steel. At the same time exports of scrap in 2017 increased by 78.5% YoY, to 486.5 thousand tons. The major…
DetailsAt a meeting on January 16 directors of NLMK Group resolved to convene an Extraordinary Shareholder Meeting on March 12 to elect a new president (CEO) and chairman of the management board. The EGM will be held by absentee ballot. The date upon which the shareholders entitled to participate in the EGM will be determined…
DetailsS&P Global Ratings has assigned its “B-” long-term corporate credit rating to Metinvest B.V., the holding company of a group of mostly Ukraine-based vertically integrated steel and mining assets, the outlook is stable, reads a report on the rating agency’s website. “Metinvest, with operations in Ukraine and abroad, is a midsize producer with steel capacity…
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