NLMK Group has embarked on the construction of a briquetting plant at its Lipetsk production site, a new production of steelmaking briquettes with a capacity of 700,000 tons per year. The project will create about 200 new jobs, and will enable NLMK to source raw materials for blast furnaces from blast furnace (BF) waste, cut…
DetailsThe Cabinet of Ministers is underestimating the roll of metal industry in the national economy, the chairman of the Metal Makers Federation of Ukraine Sergey Belenky believes. According to him the Prime Minister of Ukraine Vladimir Groysman presented priorities in lawmaking for the autumn – some 50 governmental bills, which, when approved by the Verkhovnaya…
DetailsThe construction of the bridge over the Kerch Strait will have negative consequences for Ukrainian metallurgy. Earlier the Russian authorities claimed that the project would not affect the free sailing in the Black and Azov Seas, nor the throughput of Ukrainian Azov ports – Mariupol and Berdyansk. “But the reality is different. Moscow has imposed…
DetailsIn June Metinvest increased its corrected EBITDA by 23.5% YoY, to $147 million, but still it was 4.5% below the May level. According to the group statement, its income in June increased by 28.8% YoY, to $720 million, but fell by 2.3% MoM. In May Metinvest EBITDA grew by 13.24% MoM, to $154 million. In…
DetailsIn January-July Magadan region mined 142.7 thousand tons of coal, down by 33.6% YoY. This year only 2 companies in the region mine for coal: Kolyma Coal Company and Association of business development. Severo-Vostochnaya Coal Company does not mine for coal this year, as it mined enough last year. In 7 months Kolyma Coal Company…
DetailsIn January-June the consolidated earnings of Chelyabinsk Zinc Works reached 18.09 billion rubles, up by 44% YoY. EBITDA totaled 4.356 billion rubles, or 24% of the earnings. Net profit in H1 was 2.975 billion rubles against 1.855 billion rubles in H1 2016. Chelyabinsk Zinc Works is the largest metallic zinc and alloys manufacturer in Russia.…
DetailsKarabashmed is studying the possibility of optimizing techniques to obtain copper concentrate from metal manufacture slag. The Ural Federal University specialists are involved. At present the Karabashmed processing factory produces copper concentrate of the slag mix originating from Ausmelt furnace copper smelting, and converter shop. The scientists will review three types of processing: Ausmelt slags,…
DetailsIn July, according to the State Fiscal Service, Ukraine exported 3384 thousand tons of iron ore raw materials, down by 198 thousand tons, or by 5.5% MoM. In January-July Ukraine exported 22.7 million tons of iron ore raw materials, down by 1.2 million tons YoY. Deliveries to Slovakia increased the most – by 637 thousand…
DetailsUkzaliznytsia can still improve its financial efficiency, Zaporizhstal CEO Rostislav Shurma believes, commenting on the renewed financial plan of the company for 2017. “Instead of the expected increase in efficiency, fight with corruption and as the result the optimization of expenses, I saw the growth of expenses by 10 billion UAH. And to cover them…
DetailsMoody’s has increased the ratings of Ferrexpo plc, controlling Poltava and Yeristovo Mining and Processing Works, and Metinvest from Caa2 to Caa1. The PDR has been increased from Caa2-PD to Caa1-PD. At the same time Metinvest rating on the national scale (NSR) has been increased from B1.ua to Baa3.ua, while of Ferrexpo bonds from Caa2…
DetailsRussian hydropower giant RusHydro may pay only $88 million in cash in installments for a 50% stake in the Taishet Aluminum Smelter with the rest of the sum to be paid with 42.75% in Irkutsk Power Grid Company and future dividends from the plant. Construction of the smelter with a projected annual production capacity of…
DetailsGold remains the most widely discussed metal due to its prominent role in both the investment and consumer world. Although it is no longer a primary form of currency in developed nations, it continues to have a strong impact on the value of those currencies. Moreover, there is a strong correlation between its value and…
DetailsUralelectromed has begun the second stage of assembling two KUNZ cranes in the copper electrolyses shop being constructed. At the first stage crane beams have been assembled, as well as crane movement mechanisms and auxiliary winches with the lifting capacity of 10 tons. The cranes will be used in constructing and operation of 448 electrolysis…
DetailsOn August 31, the Federal Antimonopoly Service will review the development of competitiveness on the market of graphitized electrodes. A special commission has been created in view of the current situation, connected with the sharp increase of prices for graphitized electrodes in 2017. The event will discuss a number of factors influencing the price formation,…
DetailsThe blast furnace No. 5 Severyanka of Cherepovets Iron and Steel Works has produced the 120-millionth ton of pig iron. The BF was first blown in on April 12, 1986, and the first pig iron was produced on April 13. For the next 20 years Severyanka has been the largest furnace in the world and…
DetailsIn June Metinvest increased metal sales by 10.5% YoY and by 5.5% MoM, to 1.113 million tons. Earnings grew by 35.7% YoY and by 0.3% MoM, to $608 million. Mining sales decreased by 12.6% YoY and by 23.9% MoM, to 1.294 million tons, valued at $112 million, up by 0.9% YoY, but down by 14.5%…
DetailsIn July Ukraine increased iron ore raw materials output by 202 thousand tons MoM, to 6.015 million tons. Concentrate and sinter ore manufacture went up from 125.6 thousand tons to 137.4 thousand tons, while that of sinter and pellets dropped from 68.2 thousand tons to 56.6 thousand tons. Iron ore raw materials deliveries to Ukrainian…
DetailsThe Ukrainian government intends to reform the coal industry and special measures are already being implemented to strengthen the country’s energy security, Prime Minister Volodymyr Groysman stated in a speech on the occasion of Miner’s Day, the government’s website reports. “For many years there has been and still is a burning need to put into…
DetailsIn July Russia produced 5.585 million tons of steel, down by 8% YoY (5.341 million tons in June). In January-July steel output dropped by 0.5% YoY, to 40.925 million tons. Ukraine produced 1.81 million tons of steel, down by 12.9% YoY (1.593 million tons in June), and 12.314 million tons in 7 months, down by…
DetailsAs of August 27, Brindakit LLC, extracting gold in Yakutia, washed 65 kg of gold, with 45 kg obtained from the Brindakit deposits and 20 from the Bam deposits. This year the company intends to obtain 100 kg of gold. Thus the target has been 65% fulfilled. In 2016 Brindakit LLC planned to get 80…
DetailsIzhstal has passed the supervisory audit on the correspondence of its quality management system to the ISO 9001:2008 and the controlling check of manufacture to CPR 305/2011. According to the company statement, the audit and the check have been carried out by TUV SUD specialists. They inspected rolling and steel shops, documentation, etc. The experts…
DetailsThe crushing-processing factory of Sheregesh mine (a part of Evrazruda) within the program to process wastes has put into operation a new diffusing complex. Evraz investments into the project exceeded 5 million rubles. The new complex will reduce waste storage by 200 thousand tons per year, as well as decrease transportation costs. The annual savings…
DetailsIn January-June Nordgold received 3.96 billion rubles ($67.7 million) of net profits according to international standards, down by 28% YoY. Earnings increased by 16%, to 35.38 billion rubles ($604.9 million), EBITDA – by 12%, to $266.5 million (15.59 billion rubles). Capex dropped by 9% YoY, to 8.53 billion rubles ($145.9 million). In Q2 the company…
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