In 2016 ArcelorMittal Kriviy Rih intends to produce 7 million tons of steel. “That’s up by 10% of the plan”, the company CEO Paramjit Kahlon said. According to him, despite the high output capacities, the company experiences difficulties with raw material deliveries. In particular, AMKR has to import coal, coke and lime, as it can’t…Details
In January-November Zaporozhogneupor increased refractory concrete and mass output by 14% YoY, or by 0.245 thousand tons, to 2 thousand tons. In November the company produced 165 tons of refractory concretes and masses, down by 2% YoY, or by 3 tons. Mixes output in January-November went up by 38% YoY, or by 1.433 thousand tons,…Details
The Korean Trade Commission (KTC) has announced its intention to initiate an antidumping investigation on ferromanganese and silicomanganese products imported from Vietnam, Ukraine and India. The move followed a petition lodged by Korean businesses namely Dongbu Metal, Simpac Metal, Simpac Metalloy and Taekyung Industrial. The period subject to investigation is between July 1, 2015 and…Details
Metinvest B.V. (the Netherlands), the parent company of Metinvest international vertically integrated mining and steel group, in January-September saw consolidated EBITDA rise by 21% YoY, to $989 million. According to preliminary financial results, its revenues during the reporting period fell by 15%, to $4.568 billion, while capital investment rose by 4%, to $199 million. Metinvest…Details
The cargo department at the railroad shop of the Sredneuralsky Copper Works, a part of UMCC, has purchased a new crane. The machinery costs around 12 million rubles. The crane will be used as a vibrounloader. It will be unloading open wagons with quartzite used in copper smelting. The old crane was built in 1965,…Details
Volzhsky Pipe Works, a part of TMK, has reached its annual continuous cast billet sales target ahead of time, having supplied over 129 thousand tons by December. Romania, Austria and Germany were the main consumers. The rest was sent to Sinara Pipe Works. VTZ is expected to overcome its target by 23% in 2016. (Ukrainian…Details
Izhorsky Pipe Works, a part of Severstal, has successfully passed the inspection audit on the correspondence of its quality management system to the Gazprom 9001-2012 requirements. This standard is used in design and manufacture of steel electric-welded large diameter pipes with inner and outer coating for the gas pipeline construction. “The quality management system is…Details
Severstal-Metiz, a part of Severstal, has put a new patenting mill into operation, having completed another stage of the machinery modernization. Investments in the metal wares segment from the year start amounted to $20 million. The modernization of equipment will improve quality and increase output volumes of the products. The new mill has been put…Details
In January-November Chukotka companies mined 26.974 tons of gold, down by 9.78% YoY. Silver output grew by 7.19% YoY, to 149.96 tons. In particular, Kinross Gold decreased output by 9.7% YoY, to 19.537 tons of gold, while silver production went up by 5.8%, to 141.127 tons. Karalveyem Mine gold output dropped by 3.06% YoY, or…Details
The Verkhovnaya Rada of Ukraine has accepted in the first reading the decree “On amendments to the decree “On the state budget of Ukraine for 2016” as to partial cover of expenses of coal companies. The goal of the decree is to ensure the functioning of the coalmining enterprises and thermal power plants of Ukraine…Details
In 2017 Seligdar plans to mine 5.1 tons of gold, up by 16-19% YoY. This year the company has reached record results, even though not achieving planned volumes. “We planned output increase of 35%. We couldn’t reach it, but we still hit 30% increase. The failure was caused by the non-operation of the gold-extracting factory.…Details
In November Profil-Akras Pipe Works produced 10700 tons of steel pipes and sold 9800 tons.
In particular, 2200 tons were exported, with 600 tons consumed by Europe. (Ukrainian metal)
Month Ukrainian market, $/t, without VAT, FCA, $1/UAH25.496* min max September 155 159 October 155 159 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 31.10.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal) Dear colleagues! From 2017 the monthly metal price monitoring…Details
In November Yuzhniy Mining and Processing Works produced 997.1 thousand tons of concentrate, up by 12.5% YoY. According to the company statement, sinter output went up by 43.1% YoY, to 169.49 thousand tons. In January-November concentrate output dropped by 2.2% YoY, to 10249.9 thousand tons, while that of sinter increased by 27.8%, to 1906.39 thousand…Details
In January-October rail output increased by 34.1% YoY, to 991.5 thousand tons, mostly due to the increase in Russian Railroad (RZHD) purchases. By 2030 RZHD plans to have constructed 13.8 thousand km of heavy weight transportation railroads, as well as 10.5 thousand km of high-speed railroads, which in its turn will increase cargo transportation 1.5-fold,…Details
In November railroad machine-building plants received 100 thousand tons of ferrous metals, down by 5.7% MoM, but up by 71.2% YoY.
According to the statistics, October saw the best results for the past 2 years.
In January-November deliveries reached 766 thousand tons, up by 46.8% YoY. (Ukrainian metal)
Month Russian market, $/t, EXW, without VAT, $1/RUR62.9* Export, Ukraine, $/t, DAP Ukrainian border Export, Russia, $/t, DAP Russian border min max min max min max September 570 800 521 571 472 762 October 570 800 521 571 472 762 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 31.10.16 according to…Details
In 2016 Mogilev Iron and Steel Works has supplied over 2700 tons of metal for the construction of the Belarus Nuclear Power Plant, up by 131% YoY.
MMZ plans to have delivered 2500 tons more by April 2017. (Ukrainian metal)
Mariupol Ilyich Iron and Steel Works has started an overhaul of its continuous dip-galvanizing mill No. 1.
“We intend to finish repairs in 20 days”, the company CEO Yuri Zinchenko said.
An automatization system will also be installed at the mill. The overhaul will decrease the spoilage in production. (Ukrainian metal)
In 2016 Zaporizhstal expects to decrease gas consumption by 18.6% YoY, to 166 million cubic meters. According to the company statement, in 2013 the works consumed 236 million cubic meters of natural gas, in 2014 – 206 million, and in 2015 – 204 million. In October Zaporizhstal reached the lowest gas consumption level of 10…Details
Month Ukrainian market, $/t, without VAT, EXW, $1/UAH25.496* min max September 424 424 October 416 422 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 31.10.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal) Dear colleagues! From 2017 the monthly metal price monitoring…Details
In November prices of industrial manufacturers increased by 2.2% MoM.
According to the State Statistics Service, in mining and quarrying price increase reached 4.4% MoM, including 10.5% in iron ore mining.
Prices in processing industry went up by 1% MoM, in particular of coke – by 3.2%, in metal manufacture – by 2.2%. (Ukrainian metal)
The forecast for the Russian steel sector in 2017 is negative due to weak domestic demand, international rating agency Moody’s said in a research note. The outlook for the European steel sector is also negative due to risks of “price falls and profitability pressures on the back of competition from cheap imports”, the agency said.…Details
According to the State Fiscal Service in January-November Ukrainian metal companies revenue from ferrous metals exports dropped by 11.8% YoY, to $6625.749 million.
In November revenues from ferrous exports reached $632.86 million.
Imports in January-November totaled $732.992 million, up by 13.9% YoY, with $58.416 million in November. (Ukrainian metal)
In 2016 DTEK financial results will be negative. “We will have losses, but not that much as in the two previous years”, the company CEO Maxim Timchenko said. The losses decrease has to do with the re-evaluation of the company credit portfolio, decrease in exchange risks and world coal price rise. “This year the situation…Details
Chelyabinsk Iron and Steel Works, a part of Mechel, has given another loan to Mechel until June 22, 2022. According to the company statement, the value of the loan is 1.4 billion rubles. Mechel borrows money from its main metal works on regular basis. In January ChMK lent 1.3 billion rubles to its owner, 1.4…Details