In 2015 Ordzhonikidze Mining and Processing Works received 3.59 million UAH of net profits, up by 38% YoY, or by 992 thousand UAH. According to the company statement, its net income went up by 17.97% YoY, or by 180.67 million UAH, to 1.18 billion UAH. This year OGOK plans to produce 947.6 thousand tons of…Details
In January-April Ukraine exported 94.02 thousand tons of ferrous scrap metal, down by 76.9% YoY.
According to the State Fiscal Service, export revenues reached $16.84 million, down by 83.3% YoY. At the same time, in April Ukraine exported 82.47 thousand tons of scrap, with only 11.54 thousand tons in Q1. (Ukrainian metal)
Norilsk Nickel announces that upon completing all preceding loan granting conditions, on May 12, Bystrinskoye LLC received the first tranche as part of the credit line for the implementation of Bystrinsky Mining and Processing Works construction project in Trans-Baikal region. On May 5, Bystrinskoye LLC and Sberbank of Russia signed a loan agreement, whereby the…Details
In 2015 Russian companies illegally imported 1.3 million tons of anthracite from the occupied territories of Ukraine. This coal was then exported to Europe and Africa, according to the Russian Customs Service and Russian Railroads. Most of the companies don’t state the origin of such coal. Last year Russia exported some 800 thousand tons of…Details
Turkish investors plan to modernize Lvivugol mines and buy coal.
According to the Lviv regional state administration, managers of Lvivugol met the Turkish delegation and discussed financing of mine modernization.
The Ministry of energy and coal industry has postponed the privatization of coalmines for indefinite time due to the large debts. (Ukrainian metal)
General director of Volynugol Valentin Kiselev has resigned after his meeting with the minister of energy and coal industry Igor Nasalik.
Earlier the mine groups of Volyn have asked the minister and the director of coal and peat department Anatoly Korsun to fire Valentin Kiselev from his office. (Ukrainian metal)
In January-April Ukraine imported 26.77 thousand tons of hot-briquetted iron (a substitute for scrap), up 9.6 times YoY.
All the imports came from Russia.
According to the State Fiscal Service, Ukraine spent $3.7 million on imports, up 4.5 times YoY. (Ukrainian metal)
In January-April Ferrexpo, owner of Poltava and Yeristovo Mining and Processing Works, produced 3.85 million tons of pellets, down by 1.7% YoY.
At the same time, concentrate output increased by 2.6%, to 4.85 million tons.
In April the group produced 973 thousand tons of pellets and 1.17 million tons of concentrate. (Ukrainian metal)
In January-April Interpipe Steel produced 192 thousand tons of steel, up by 7.9% YoY. In April the works produced 44 thousand tons of steel, with 57 thousand tons in March. Last year the company produced 596 thousand tons of steel, down by 32% YoY. Due to the absence of scrap the works was idle for…Details
Zaporizhstal has started assembling gas-purifying equipment at its sintering machine No. 5. The machine was stopped on May 15, and the assembly is expected to finish in 45 days. “Zaporizhstal has been assembling gas-purifying equipment according to the schedule. We try to find resources for ecological modernization even today, under extremely difficult conditions. We invest…Details
Zaporozhtransformator has concluded an agreement with ArcelorMittal Temirtau. According to the agreement, the company will produce and deliver the 110 kW transformer. The same transformer was produced and delivered to the works in 2015. “The peculiarities of the new agreement are the delivery terms – we have to ship the transformer in July. We have…Details
In 2016 ArcelorMittal Kriviy Rih expects to see substantial financial results increase.
“The price situation is improving, we can feel it. If there are no surprises, I’m sure 2016 will be much better than 2015”, said the company CEO Paramjit Kahlon.
AMKR also intends to increase output by 7% YoY. (Ukrainian metal)
Mechel, one of the leading Russian mining and metals companies, announces 2015 operational results. Production: Product 2015, thousand tons 2014, thousand tons % Q4 2015, thousand tons Q3 2015, thousand tons % Run-of-mine coal 23,181 22,624 +2 5,776 5,957 -3 Pig iron 4,065 3,946 +3 1,006 1,014 -1 Steel 4,321 4,269 +1 1,081 1,093 -1…Details
This year Yenakievo Iron and Steel Works plans to put the pulverized coal injection system at its blast furnaces No. 3 and 5 into operation. “The machine could inject up to 240 kilograms of pulverized coal per 1 ton of pig iron, thus decreasing coke consumption”, said the company in its statement. The works also…Details
India has invited Ukrainian companies to cooperate in metal, chemical, machine-building and textile industries. “Ukraine is interested in providing services to India, in particular in construction and reconstruction of by-product coke complexes”, said Elena Balbekova, director of the international trade and economical cooperation and European integration department of the Ministry of economical development and trade.…Details
The volume of products sold by the Zaporozhye region in January-March reached 31.2 billion UAH, or 7.9% of the total volume in Ukraine (4th place among the regions). The regional companies produced 37.4% of steel, 15.5% of pig iron and 28.4% of rolled metal in the country. Metal manufacture saw a 2.7% increase YoY. (Ukrainian…Details
Almost all Ukrainian iron and steel works are suffering from scrap shortage. According to Derzhzovnishinform, in April they received 150 thousand tons of scrap, or 97% of the needs. Stocks haven’t changed much and total 35 thousand tons. In early May scrap prices were on the level of $269-271 per ton FOB. Last year scrap…Details
In January-April Ukraine imported $463.92 million worth of coal, including $106.65 million in April. According to the State Fiscal Service, Russia supplied $287.41 million worth of coal, USA – $62.38 million, Australia – $35.68 million, while other countries supplied $78.44 million worth of coal. The total imports of the coal reached 5350.46 thousand tons. At…Details
In January-April Ukraine imported 342.58 thousand tons of coke, down by 62% YoY, valued at $50.73 million, down by 70.07%. The main suppliers were Poland (62.21%) and Russia (34.57%). According to the State Fiscal Service, Ukraine increased coke exports by 26.5% YoY, to 69.76 thousand tons, valued at $8.52 million, down by 13.4% YoY. The…Details
In April Zaporizhstal decreased natural gas consumption to 12 million cubic meters. The April record was the result of hundreds of energy efficiency measures taken at the company. “But we are not going to stop. Our goal this year is to reach natural gas consumption on the level of 10 million cubic meters per month”,…Details
In January-April Ukraine exported 698 thousand tons of steel-smelting pig iron, up by 19.2% YoY.
According to the State Fiscal Service, pig iron exports brought Ukraine $120.04 million UAH, down by 27.4% YoY.
Most exports went to Turkey (29.74%), USA (26.67%) and Italy (20.54%). (Ukrainian metal)
On May 12, ArcelorMittal Kryviy Rih hosted the international scientific-production conference of blast furnace operators “PCI in Blast Furnace Process: commissioning experience and solving issues”. The representatives of major steel companies, unions and holdings of Ukraine as well as representatives of Ukrainian and international companies and scientific-project organizations took part in it. The participants of…Details
Metalloinvest has signed a RUB 6.8 billion agreement to ship iron ore concentrate of the highest grade with iron content of up to 69.5% to Industrial and Steelmaking Holding (ISH). Prices take into account changes in market conditions. In 2016, Metalloinvest started sales of high-grade products with a low silica content and increased iron content.…Details
Month Russian market, $/t, EXW, without VAT, $1/RUR67.6076* Ukrainian market, $/t, without VAT, EXW, $1/UAH26.218056* min max min max February 285 578 284 338 March 298 507 290 311 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 31.03.16 according to the National Bank of Ukraine and the Central Bank of the…Details
As part of the International Surface Finishing, Electroplating and Coating Exhibition in China, SF EXPO CHINA Chongqing 2016, Norilsk Nickel won the nomination The Best Overseas Brand of Material for Plating. The jury, which selected the winners in nominations, included the organizers of the exhibition as well as representatives of two national industry associations and their…Details