NLMK closed its $700 million 7-year Eurobond offering with an annual coupon rate of 4.5%. Interest payments on the Eurobonds are payable semi-annually. The proceeds from the issue will be used to finance the purchase of existing notes due 2018 and 2019 in accordance with the terms and conditions of the tender offer announced May…
DetailsIn January-May Mariupol Ilyich Iron and Steel Works produced 1.08 million tons of rolled metal, up by 9.7% YoY. According to the company statement, its steel smelting went up by 9.6% YoY, to 1.22 million tons, while pig iron output increased by 6.9%, to 1.51 million tons. In May the works produced 237 thousand tons…
DetailsAlexei Potanin has been appointed acting general director of Lisichanskugol instead of Boris Perepelitsa, who has been heading the company since March. The Ministry of energy and coal industry appointed Potanin on June 13. In 2010 he worked as the acting director of Lutugin Mine Group, in 2011-2014 in coal sales company Ruteks. Lisichanskugol mines…
DetailsIn January-May Evraz Sukhaya Balka produced 1.05 million tons of iron ore, down by 8.2% YoY.
According to a company representative, in May it mined 261 thousand tons of ore.
In 2015 Evraz Sukhaya Balka produced 2.81 million tons of ore, down by 2.7% YoY. (Ukrainian metal)
Zaporizhstal started preparing for the large-scale reconstruction of its blast furnace No. 3. Investments into the project will reach 1.47 billion UAH. The furnace will be equipped with the newest exsufflation system. The company will use semi-knock down to assemble new elements of the furnace. A special construction site has already been prepared. The reconstruction…
DetailsIn January-May ArcelorMittal Kriviy Rih produced 2.41 million tons of rolled metal, up by 6.1% YoY. According to the company statement, steel smelting went up by 6%, to 2.73 million tons, while pig iron output increased by 12.6% YoY, to 2.56 million tons. Sinter output rose by 10.2% YoY, to 4.48 million tons, that of…
DetailsIn January-May Ukrainian metal companies received 1.17 million tons of scrap, down by 14% YoY. In May companies received 300 thousand tons of scrap, up by 40 thousand tons MoM, or 80% of their needs. Scrap stocks in May remained unchanged and as of June 1, totaled 80 thousand tons. In January-May scrap exports reached…
DetailsIn January-May Ukrainian coke plants imported 5.24 million tons of coking coals and coal concentrate, up by 34% YoY, or by 1.3 million tons. In May Ukraine imported 960 thousand tons of coal, down by 70 thousand tons MoM. Ukrainian coal deliveries to coke plants in January-May totaled 2.54 million tons, up by 18% YoY,…
DetailsIn January-May Ukrainian metal companies received 4.7 million tons of coke, up by 34% YoY, or by 1.2 million tons. In May coke plants supplied 985 thousand tons of coke, up by 45 thousand tons MoM. Coke imports in January-May dropped by 46% YoY, to 380 thousand tons, with 90 thousand tons imported in May.…
DetailsLvivugol has ordered the Promtorg company delivery of filter equipment valued at 29.02 million UAH.
In particular, it will buy 21.19 million UAH worth of self-rescuers (7408 UAH per piece). Lvivugol also ordered other self-rescuers at 5821 UAH per piece and dummy cartridges at 2474 UAH per piece. (Ukrainian metal)
Centravis has established an official representative in UAE. “The constantly operating office will help us work with the buyers locally and increase exports from Ukraine”, said the company in its statement. “At present Ukrainian economy needs money from abroad, as well as development and diversification of export markets. And if the European market is gradually…
DetailsIn January-May Ferrexpo plc, owner of Poltava and Yeristovo Mining and Processing Works, produced 4.82 million tons of pellets, down by 1.2% YoY, but increased concentrate output by 3.1% YoY, to 6.11 million tons. In May it produced 969 thousand tons of pellets and 1.25 million tons of concentrate. Output of pellets of the company…
DetailsIn May Mariupol Ilyich Iron and Steel Works started producing a new kind of hot-rolled coils. The company produced a first industrial lot of S235JR hot-rolled coil with the size of 3×1500 mm in accordance with EN 10025-2. This is the first time that such coils are produced in Ukraine. Previously Ukraine had to import…
DetailsIn January-May Ukrainian metal companies consumed 740 million cubic meters of gas, down by 20% YoY.
The average daily gas consumption decreased by 1.5 million cubic meters YoY, to 4.9 million cubic meters.
In May companies consumed 142 million cubic meters of gas, up by 5 million cubic meters MoM. (Ukrainian metal)
Norilsk Nickel became a general partner of the business program at the VI St.-Petersburg International Legal Forum held on May 18-20. Each year this large-scale event brings together legal experts, including representatives of state authorities, businesses and scientific community from over 80 countries. A Norilsk Nickel representative, Alexander Zavtrik, director of legal department, moderated a…
DetailsNikolaev Alumina Works has successfully passed quality management, environment management, labor and industrial safety audits according to international standards. The audit was carried out by DNV GL. “The company shows good development rates, – said a DNV GL auditor Olga Lavrentieva. – It optimizes its inner processes: decreases all kinds of expenses, finds out and…
DetailsIn January-May Ukraine produced 411.3 thousand tons of ferroalloys, up by 3.2% YoY. According to the Association of Ukrainian Ferroalloy Producers, silicomanganese output went up by 2.4% YoY, to 331.5 thousand tons, that of ferromanganese – by 6.4%, to 36 thousand tons, and of ferrosilicon – by 11.7%, to 41 thousand tons. Metallic manganese production…
DetailsIn January-May Nikopol Ferroalloy Plant produced 300.7 thousand tons of ferroalloys, up by 10.9% YoY.
According to the Association of Ukrainian Ferroalloy Producers, silicomanganese output went up by 8% YoY, to 283.5 thousand tons, while that of ferromanganese – 2 times, to 17.2 thousand tons. The works didn’t produce any other ferroalloys. (Ukrainian metal)
Shareholder meetings of Nikopol Ferroalloy Plant, Zaporozhye Ferro Alloys Plant, Marganets Mining and Processing Works and Ordzhonikidze Mining and Processing Works, scheduled for early June, were not held. ZZF meeting was to take place on June 7, while that of NZF – on June 10. The supervisory boards of both companies will name the day…
DetailsThe Ministry of energy and coal industry has started another competition for the office of Volynugol general director. All the applications should be submitted by July 12. The previous competition was held in early March. Volynugol CEO Fedor Bogdan resigned on February 22. In January-March the company decreased its losses 4.5 times YoY, or by…
DetailsThere have been no deliveries of coal from the occupied regions of Donbass since June started. “We have serious problems with A grade coal, even though the situation is not as critical as last year”, said the National commission on energy and municipal services regulations director Dmitry Vovk. “It is difficult to meet the needs…
DetailsMakeevugol Butovskaya mine, situated in the Russia-supported terrorist occupied territories has been shelled.
Because of the fire the mine was cut off from air and electricity supply. 3 miners have been evacuated. There were no casualties. The mine resumed operation the same day. (Ukrainian metal)
The Ministry of energy and coal industry suggests giving 1.3 billion UAH in 2017 to finance coal industry. 850 million UAH will be given as subsidies to state mines, while 450 million will be spent on the closing down of profitless coal companies, according to the minister Igor Nasalik. In January-May Ukrainian mines yielded 16.29…
DetailsRailroad transportation in the ATO zone has been renewed which allowed metal companies there to start working again. On June 13, Alchevsk Iron and Steel Works put the blast furnace into operation. Dneprovsky Iron and Steel Works used to operate only one blast furnace but now intends to put the second one into operation as…
DetailsDuring the annual general meeting of shareholders (AGM) of Norilsk Nickel a new board of directors was elected and the dividend for 2015 in the amount of RUB 230.14 per ordinary share was approved. Previously, the extraordinary general meetings of shareholders held on September 14, 2015 and December 19, 2015 approved of the payment of…
DetailsThe Interdepartmental working group for coordination of commercial activities at Zaporozhye Aluminum Works believes it is necessary to have a reprivatization of 68.01% shares of the company, that have been earlier returned to the state ownership. “The group will address the Ministry of finances and the Ministry of economical development and trade to consider the…
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