Uzbekistan: coal output down in Q1 2019

In January-March, Uzbekistan decreased gold output by 25% YoY, to 809 thousand tons.

According to the state statistics, in Q1 2018, 1087 thousand tons of coal were mined.

In December 2018, 45% of Uzbekugol were transferred to the management of Progress Gor Tech LLC (Russia). (Ukrainian metal)

Ukraine: Mariupol Ilyich awarded for labor potential development

Mariupol Ilyich Iron and Steel Works has been awarded for the development of the labor potential.

The plant was awarded at the XI forum of the Employers Association.

Avdiivka Coke and Chemical Works was awarded in the category “Despite crisis”. (Ukrainian metal)

Russia: Korshunovsky GOK profit up in Q1 2019

In January-May, Korshunovsky Mining and Processing Works received 1.227 billion rubles of net profit, up 5.7-fold YoY. Revenue grew 2.2-fold, to 3.675 billion rubles. Gross profit increased 18.5-fold, to 1.572 billion rubles. Fixed liabilities dropped from 352.6 million rubles as of December 31, 2018, to 337.8 million rubles, while current liabilities grew from 2.047 billion…


Russia: Metalloinvest elects new board of directors

Metalloinvest has elected a new board of directors. In particular, the board now features Ivan Streshensky (chairman), Andrey Varichev, executive director, Vakhtang Kocharov, executive director, Pavel Mitrofanov, non-executive director, Gleb Kostikov, non-executive director, Irina Lupicheva, non-executive director, Valeriy Kazikayev, independent non-executive director, Galina Aglyamova, independent non-executive director, and Dmitry Tarasov, independent director. Vakhtang Kocharov has…


Russia: Trubodetal commissions line to apply silicate-enamel coating

Trubodetal has successfully mastered the manufacture of pipeline joint parts with silicate-enamel coating.

Such joints can withstand high temperature and their service life is 50 years.

Pipes and joints with silicate-enamel coating are used to transport oil with high hydrogen sulfide content. (Ukrainian metal)

Russia: MMK output down in Q1 2019

In January-March, MMK decreased steel output by 1.3% YoY and by 0.2% QoQ, to 3.107 million tons. Pig iron manufacture decreased by 0.3% YoY and by 6.3% QoQ, to 2.396 million tons. Sales dropped to 2.782 million tons, by 5.2% QoQ and by 1.6% YoY. High added value products sales in Q1 remained almost on…


Ukraine: AMKR provides 10 million UAH for reconstruction of the parkway along Metalurgiv Avenue

Several days ago, contractual organizations started the reconstruction process of the parkway along Metalurgiv Avenue, from the intersection of Sobornosti Str. and Metalurgiv Avenue to the intersection of the avenue and Vadima Hurova Str. Yurii Vilkul, Kriviy Rih Mayor, representatives of the contractual organizations, and Yuliia Chermazovich, Head of the Charitable Foundation of ArcelorMittal Kriviy…


Ukraine: KZhRK iron ore output down in Q1 2019

In January-March, Krivoy Rog Iron Ore Industrial Complex mined 1.005 million tons of ore, down by 17.9% YoY.

In March the output totaled 353 thousand tons, up from 283 thousand tons in February.

In 2018 the enterprise decreased iron ore output by 9.7% YoY, to 4.581 million tons. (Ukrainian metal)

Russia: EC investigating ferrosilicon supplies

The European Commission has started another investigation of ferrosilicon imports from China and Russia. The previous antidumping duties, imposed in April 2014, have expired. The initiative to start a new investigation came from Euroalliages. The association believes that the cancellation of duties will result in new dumping deliveries and damages to the European companies. Duties…


Russia: VIZ-Stal sales up in Q1 2019

In January-March, VIZ-Stal produced 43 thousand tons of transformer steel, on par with Q1 2018.

Capacities were 100% loaded.

Sales grew by 5%, to 43 thousand tons.

Exports accounted for 87% of sales. The key markets were India, Near East and North America. (Ukrainian metal)

Russia: ChTPZ gets MKB loan

Moscow Loan Bank and ChTPZ Group have signed a loan agreement of 4 billion rubles.

The funds will be provided for 3 years.

The parties have been cooperating since 2014.

This year the bank decided to enlarge cooperation with the group. (Ukrainian metal)