Metinvest could lose $30 million a month because of the economical blockade of Donbass, according to Dragon Capital. The company notes that Metinvest had to stop operation at two of its enterprises, which were its main asset. On February 21, Yenakievo Iron and Steel Works and Krasnodonugol, situated on the occupied territory, stopped operation because…Details
Only 18% of Ukrainian state mines work without losses. The cost of coal, which is a part of the electricity production tariff, is 1730 UAH per ton. “At present the gas-generating coal is sold at 1730 UAH per ton, but on the Ukraine-controlled territory there are now only 4 mines that fall under this price”,…Details
A new subsidiary of Evraz Metal Inprom has been opened in Yuzhno-Sakhalinsk. Its goal is to increase sales on the island and the company share in the region by 10%. Evraz ZSMK has already shipped the first rolled metal to Yuzhno-Sakhalinsk. The first steps to expand the company presence in the Far East were taken…Details
In 2017 Electrozinc, a part of UMMC, will continue shipping dump clinker for processing at the industrial enterprises of Ural. According to the agreements, the volume of product, received in the process of zinc manufacture, will increase from 21.9 thousand tons in 2016 to 32 thousand tons. Since the year-start over 1 thousand tons of…Details
In 2016 Amurmetal produced 185.52 thousand tons of steel, down by 65.5% YoY. In H2 2016 the company decided to concentrate its activities on the local market, thus stopping all exports in Q4 2016. In 2016 Amurmetal exported 103.83 thousand tons of metal, or 50% of the total sales. The main consumers were Vietnam, Thailand,…Details
In 2016 Ukraine imported 933,408 tons of anthracite valued at $68.663 million, which is equal to average price of $73.60 per ton. According to the State Statistics Service, 566,721 tons of anthracite for $45.769 million ($80.80 per ton) were imported from Russia and 366,659 tons for $22.88 million ($62.40 per ton) from South Africa. In…Details
In 2016 ArcelorMittal Berislav decreased its net losses 3-fold YoY, to 13.66 million UAH. The company assets last year increased by 28.1%, to 34.321 million UAH. Its current liabilities went up by 12.8%, to 184.3 million UAH, and the company has no fixed liabilities. The total debt increased from 16 thousand UAH in 2015 to…Details
In January the Moscow subsidiary of the First Cargo Company increased throughput by 35% YoY, to 173 thousand tons. The main cargo was ferrous metals, scrap, chemical and mineral fertilizers. The increase was due to the high demand for ferrous metals and scrap on behalf of the machine-building enterprises of the Central and Southern districts…Details
Evraz ZSMK has put into operation two gas-and-dust separators systems. According to the company statement, the new machines are used to clean air of premises originating from the process of sinter manufacture. The project presupposes putting into operation 2 more machines by 2019. The investments into the project totaled 350 million rubles. For the past…Details
Ufaleinickel will halt its operation on April 1. The corresponding decision has been taken by the shareholders because of the unfavorable financial and economical situation. The employees will be sent in idle vacation with 2 thirds of the average salary. The company started experiencing problems after the world nickel prices dropped and coke prices increased.…Details
Sergey Plichko, the deputy financial director, deputy chief accountant on finances has been appointed the new acting financial director, chief accountant of ArcelorMittal Kriviy Rih. For the past 5 months the acting financial director, chief accountant has been Igor Kublitsky, though his appointment has to end on June 30. Sergey Plichko has been appointed till…Details
VSMPO-Avisma has increased its business-plan for 2017 by 11.5% as compared with the plan for 2016. According to the company statement, all the titanium divisions have enough orders. The company also implements a new planning tool. “The idea is that we will be able to see the production picture more clearly and we will know…Details
In 2016 the Warehouse complex of ChTPZ sold over 265 thousand tons of pipes of Chelyabinsk Pipe Works and Pervouralsk Pipe Plant. In May 2016 a new, 14th, subsidiary of the Warehouse complex was opened in Bataisk, Rostov region. In 7 months it has sold around 4 thousand tons of pipes. A centralized logistics service…Details
In January, according to the railways statistics, direct deliveries of ferrous scrap to the Magnitogorsk Iron and Steel Works totaled 98 thousand tons. This is down by 42.7% MoM, but up almost 5 times YoY. This is also the highest result for January for the last 10 years. And MMK is still the leader in…Details
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In January Russia produced 4.3 million tons of steel, up by 11.5% YoY, but down by 3.6% MoM.
Pig iron output grew by 4.6% YoY, to 4 million tons, with rolled metal production up by 3.2%, to 4.5 million tons.
According to Rosstat, steel pipes manufacture increased by 13.4%, to 0.442 million tons. (Ukrainian metal)
In January raw zinc output in Russia increased by 1.2% YoY.
According to the Federal Service of State Statistics, on the other hand the January result was 9.4% below the December 2016 result. (Ukrainian metal)
In 2016 the Petropavlovsk Group opened the Elginskoye gold deposits (Amur region). The reserves at the deposits are estimated at 56.2 million tons of ore with 72 tons of gold and 14 tons of silver. “I believe that Elgisnkoye deposits hides much more in terms of resources and reserves. It is much larger than our…Details
In 2016 almost all of Rusal Siberian plants increased aluminum output. In particular, Bratsk Plant – by 0.1%, to 1.005 million tons, Krasnoyarsk Plant – by 1.2%, to 1.024 million tons, Sayanogorsk Plant – by 0.9%, to 530 thousand tons, Novokuznetsk Plant – by 1.8%, to 213 thousand tons, Irkutsk Plant – by 1.2%, to…Details
Izhorsky Pipe Works, a part of Severstal, will supply 100 thousand tons of large diameter pipes for Gazprom’s Sila Sibiry (Power of Siberia) pipeline. The company will produce 1420 mm diameter pipes of K60 steel with inner and outer anticorrosion polyethylene coating. Since 2014 ITZ has shipped over 250 thousand tons for the pipeline project.…Details
Standard & Poor’s Ratings Services (S&P) has revised its outlook on Metalloinvest from Negative to Stable. S&P also affirmed the company’s ‘BB’ long-term corporate credit rating. According to S&P’s latest report, the upgrade to a Stable outlook reflects positive iron ore price trends, as well as actions taken by Metalloinvest’s management team to deleverage and…Details
Yenakievo Iron and Steel Works and Krasnodonugol, both subsidiaries of Metinvest Group, have halted operations. Production has been disrupted by the ongoing armed hostilities and a blockade of railway transportation between the controlled and the uncontrolled territory of Ukraine. Since the beginning of the conflict in the region, Yenakievo Steel has experienced erratic supplies of…Details
PJSC “ArcelorMittal Kriviy Rih”, the largest mining and metallurgical plant of Ukraine, will invest $400 million (CAPEX and OPEX) in the development of the plant in 2017. The company will invest funds in modernization of production, improvement of the environment, capital repairs of equipment and construction of new units, including the second LF-CC and coke…Details
Coal stocks in warehouses of thermal power plants (TPP) in Ukraine in the period from February 12 to February 19, decreased by 1.6% (by 24,000 tons), from 1.53 million tons to 1.506 million tons. According to Ukrenergo, in particular anthracite coal reserves during this period decreased by 4.8% (by 40,000 tons,) to 802,000 tons (including…Details
Instead of the anthracite coal from the uncontrolled territories Ukraine could import it from Russia or South African Republic, but in this case it would be twice expensive. “We could find alternative sources at once. But what do we change? We could import Kuzbass coal, but pay Russian miners instead of our own. And instead…Details
The Kaltan open-pit mine yielded the 100-millionth ton of coal. This is the result of Osinikovskoye and Kaltansky field miners operation since each field has been put into operation. The Kaltan open-put mine was created in 2009 by merging Kaltansky open-pit and Osinnikovsky open-pit. The first ton of Osinnikovsky coal was mined in 1980, and…Details