In January-March Dneprovsky Iron and Steel Works, sold by Evraz to DCH, produced 154 thousand tons of steel, down by 36.1% YoY and by 40.1% QoQ. Pig iron output fell by 34.1% YoY and by 39% QoQ, to 153 thousand tons. The fall in the output has to do with the unstable operation of the…
DetailsIn 2017 Sukhaya Balka increased net income by 28% YoY, to 4.383 billion UAH. Last year the company net loss grew 7.5-fold, to 1.173 billion UAH. Undistributed profit totaled 1.631 billion UAH. In 2017 Sukhaya Balka produced 2.513 million tons of iron ore, down by 2% YoY. Consolidated accounts receivable decreased by 79.7%, to 254.696…
DetailsIn January-March Corum Svet Shakhtera increased output by 32% YoY, to 199.5 million UAH. The main products are chain-and-flight conveyers, cutter loaders and transformer substations. “From late 2016 till January 2018 our mill fleet increased with new machines of Doosan, Mitsubishi and Taurus. Investments in the manufacture totaled 60 million UAH”, the company director Alexander…
DetailsThe Ministry of Industry and Trade intends to provide state support to domestic metal enterprises to actively increase exports. “As to the metal industry, the development of exports depends on geopolitical factors. But the deep processing both in ferrous and non-ferrous metallurgy will provide for the increase of Russia’s export potential”, the minister Denis Manturov…
DetailsThe Cabinet of Ministers of Ukraine has provided over 131 million UAH to prevent the environment catastrophe and shutting down of mines in Donbass. According to the chairman of the Ministry on temporarily occupied territories and internally displaced persons Vadim Chernysh, this decision will help regulate not only the problem of the catastrophe and allow…
DetailsThe consolidated steel output of Evraz in January-March dropped by 5.5% QoQ, to 3.3 million tons, mostly because of the decrease in pig iron production. Coking coal manufacture increased by 6.7%, to 6 million tons, thanks to the completion of works at the Alardinskaya and Uskovskaya mines’ long faces. Steel sales fell by 5.7%, including…
DetailsKubal, a Swedish plant of Russian aluminum company UC RUSAL, is in negotiations with trading floor for electric power Nord Pool to recover its access to purchases, Bloomberg reported on April 26, citing the bourse. Access to power purchases on the bourse was suspended on April 18 due to a breach of clearing rules, Nord…
DetailsIn short-term prices of metal products will remain stable, but in the mid-term they are expected to decrease. “Taking into account China’s policy, in the nearest 12 months the prices will retain their current levels”, Zaporizhstal CEO Rostislav Shurma said. “At present we are not on the worst stage of the cycle. In short-term some…
DetailsIn 2017 Zaporizhstal decreased prime cost of raw steel manufacture by $22 per ton. “We have a complex program on prime cost decrease. Last year we took some 400 measures to decrease it, which combined provided around $22 per ton”, the company CEO Rostislav Shurma said. Zaporizhstal has faced the increase of railroad, electricity and…
DetailsIn January-March PMH-Ugol mined 798 thousand tons of coking coal, up by 22% YoY. According to the holding statement, the increase has to do with the mines named after Tikhov and the second stage of Butovskaya mine, commissioned in May 2017, gradually reaching full capacity. Coal concentrate output at Berezovskaya factory grew by 4%, to…
DetailsThis year Zaporizhstal intends to produce over 4 million tons of pig iron and steel. “Pig iron manufacture will see the growth of some 15% and steel – around 3.5%”, the company CEO Rostislav Shurma said. Rolled metal output is expected to increase by 5%, to 3.7-3.8 million tons. Pig iron output has considerably increased…
DetailsThe prices of gold, silver and platinum decreased, while the prices of palladium increased in Azerbaijan on April 26, according to the data published by the Central Bank. The cost of gold decreased by 6.528 manats, to 2250.1625 manats per troy ounce compared to the price on April 25. The cost of silver decreased by…
DetailsSwiss commodity trader Glencore, the biggest buyer of aluminum of Russian UC RUSAL, plans to resume purchases after the U.S. softens its anti-Russian sanctions, news agency Bloomberg reported citing sources familiar with the situation. Glencore has decided that it may continue buying RUSAL’s aluminum until October, according to the sources. Glencore declined to comment. RUSAL…
DetailsThe Jamaican government can cancel Russian aluminum producer RUSAL’s control over West Indies Alumina Company (Windalco) due to the recent U.S. sanctions against the company, Minister of Transport and Mining Robert Montague declared. “Despite UC RUSAL’s intention to continue to operate as normal, the Ministry of Transport and Mining’s analyses indicate that normal operations will…
DetailsUkrainian steelmakers’ association Ukrmetallurgprom and U.S.-based World Steel Dynamics have signed a memorandum of cooperation. This agreement can make Ukraine an international platform in Europe for industry representatives from around the world. The parties intend to introduce the practice of international industry forums and conferences for leading market experts to share experience. The cooperation opens…
DetailsBAST intends to increase copper-nickel ore processing capacities at the Maksut deposits 3.5-fold, to 1.4 million tons per year. Additional capacities of 1 million tons will be constructed in 2019. BAST is negotiating the cooperation with a major trading company, specializing in metals. Their investments could amount to $8-10 million. This year BAST will process…
DetailsKolmar intends to start supplying coal to India having commissioned the coal terminal in the port of Vanino. After the construction VaninoTransUgol will be able to load large vessels. At present because of the long logistics scheme and low deadweight such a cooperation is unprofitable. Now the company has contracts for the supply of coking…
DetailsIn January-March Zagorsky Pipe Works shipped via railway 67.4 thousand tons of metal, up almost 4-fold YoY. Large diameter pipes accounted for some 95% of the sales. Almost all the pipes were supplied to the Russian oil and gas sector. The main suppliers of sheet steel to ZTZ were MMK, CherMK and UralStal – 104.6…
DetailsThe largest coalmining enterprise of the Sakhalin – Solntsevskiy Coal Pit – is increasing output. In January-March it mined 1.5 million tons, up 3.7-fold YoY. In February the miners set a regional record having obtained 650 thousand tons of coal. Last year the enterprise received a new KomatsuPC-3000 excavator with the ladle volume of 16…
DetailsPolymetal International plc has confirmed the acquisition of a 50% stake in the silver deposits of Prognoz for $140 million, to be paid in Polymetal shares. As the result of the deal Polymetal stake in Prognoz reached 100%. The total cost of the purchase reached $215 million, including $3 million paid for the initial 5%,…
DetailsThe sintering factory of Mariupol Ilyich Iron and Steel Works has commissioned the first complex of the modern gas purification. It will allow decreasing dust emissions by 90% and sulfur oxide emission by 43%. Machinery and technologies were provided by Termokimik Corporation (Italy). Investments in the project totaled $220 million. The reconstruction of the sintering…
DetailsGaysky Mining and Processing Works is actively prospecting at 5 sites in Orenburg region. The total size of the prospecting works is some 600 square km. In particular, at the Gayskoye deposits the company is surveying the ore reserves below the 1310 horizon. This year the company intends to invest some 75 million rubles in…
DetailsThe denial of the Antimonopoly Committee of Ukraine to allow Metinvest B. V. to purchase Dneprovsky By-Product Coke Plant is not final. “Having analyzed the situation we provided the company with preliminary results where we see monopolization. This is not a denial – Metinvest can react to the preliminary results”, the committee chairman Yuri Terentiev…
DetailsIn 2017 Zaporozhye Iron Ore Complex increased net profit 2.9-fold YoY, to 1.286 billion UAH. According to the company statement, its EBITDA grew 3-fold, to 1.586 billion UAH. Net income increased by 45%, to 3.949 billion UAH. Undistributed profit totaled 3.521 billion UAH. Last year the company produced 4.503 million tons of iron ore, down…
DetailsIn 2017 ArcelorMittal Kriviy Rih received 66.185 billion UAH of net income, up by 25% YoY. According to the company statement, its net profit increased from 2.704 billion UAH to 5.061 billion UAH. EBITDA grew by 94.3%, to 6.353 billion UAH. The undistributed profit totaled 32.98 billion UAH. Last year the company produced 5.134 million…
DetailsIn 2017 Nikopol Ferroalloy Plant received 2.67 billion UAH of net profit as opposed to 727.46 million UAH of net losses. Net income grew by 68.4% YoY, to 18.88 billion UAH. EBITDA reached 3.27 billion UAH, as opposed to the debt of 837.67 million UAH in 2016. The undistributed profit totaled 2.34 billion UAH. Last…
Details