The losses of Metinvest in H1 amount to $329 million, or 8% of the consolidated revenue. According to the group statement, losses from the seizure of assets in the temporarily occupied regions of Donetsk and Lugansk regions totaled $293 million, with $228 million being plants and machinery and $82 million – stocks. At the same…Details
Victor Vekselberg and Mikhail Prokhorov received a total of 2.46 billion Hong Kong dollars ($315 million) from the sale of some 3% of Rusal shares. 456 million shares were placed at 5.4 HKD, with a 7.5% discount. There were 70 offers, with top 10 investors acquiring over 60% of shares. Of the volume sold Vekselberg…Details
In January-September MMK increased steel output by 1.9% YoY, to 9.569 million tons.
Pig iron manufacture grew by 3.1%, to 7.509 million tons.
Sales went up by 1.2%, to 8.759 million tons.
In 2016 MMK produced 12.5 million tons of steel, up by 2.5% YoY. (Ukrainian metal)
Dr. Bruno Charles De Cooman, NLMK Group Vice President for Research and Development, has been awarded the prestigious Adolf Martens Memorial Steel Lecture for his research into the properties of ultrahigh-strength steels. The award ceremony took place on October 10 at the Material Science & Technology 2017 International conference in Pittsburgh (USA). This award was…Details
In January-June Metinvest B. V. sold 38% of metal products in Europe, 21% in Ukraine, 20% in the Near East and North Africa and 11% in CIS. Metal revenue reached $1.213 billion, or 38% of the total revenue, with earnings in Europe up by 27% YoY. Experts believe that because of the new European antidumping…Details
Under the contract with ArcelorMittal, Energomashspetsstal has supplied a batch of supporting rolls for rolling mills to Kazakhstan.
263.23 tons of rolls have been produced for the ArcelorMittal Temirtau 1700 hot-rolling mill, as well as for 1400 and 1700 cold-rolling mills. (Ukrainian metal)
In January-September Amur region yielded 20213 kg of gold, up by 19.7% YoY. In particular, the region obtained 13499 kg of ore gold and 6714 kg of alluvial gold. In January-September 2016 Amur region yielded 16887 kg of gold, including 5872 of alluvial and 11012 kg of ore gold. The main contributors to the output…Details
Karelsky Okatysh has started the construction of a road to its new quarry Vostochniy. The development of the deposits is expected to start in 2021-2022. This will be not only the technological road, but also a transport vein of the regional level. “Our task is to create a road for dump trucks. The length of…Details
In September Russia exported to Europe 208 thousand tons of coal, illegally taken from the occupied districts of Donetsk and Lugansk regions.
This is up by 18% MoM, or by 33 thousand tons.
According to a source among Russian coal traders, in August-September coal exports were hindered by the Russian Railroads limitations. (Ukrainian metal)
The Ministry of economic development and trade has officially confirmed the imposition of a 5-year antidumping duty by the Eurasian Economic Commission on the Metinvest hot-rolled angles in the volume of 37.89%. The EAEC decided to impose antidumping duties on the imports of hot-rolled steel angles originating from Ukraine under the codes of 7216210000, 7216401000,…Details
Abinsk Electrometallurgical Works has completed the modernization of its arc-furnace shop. The project saw the reconstruction of the arc-furnace, stove-busket as well as the continuous-cast billet machine. As the result the company will increase the manufacture of 130 and 150 mm billets from 1.2 million tons to 1.5 million tons. The works will also be…Details
In January-June Metinvest increased EBITDA by 45% YoY, to $839 million. According to the group statement, earnings increased by 36%, to $3.913 billion, but net profit fell by 20%, to $72 million. The EBITDA growth was the result of the increase of sales prices ($1.192 billion), EBITDA share increase in joint companies ($69 million), as…Details
SOGAZ will insure Severstal property for 113 billion rubles. In particular, the company will insure the assets of Severstal, Severstal-Metiz, Orel Iron and Steel Works, Severstal steel ropes, Izhora Pipe Works, Severstal Pipe-Section Works Sheksna, Karelsky Okatysh and Olkon. The mining and property complexes, as well as special machinery, railroad wagons, automobiles will be insured…Details
Severstal has chosen the supplier of the hot-rolled strip surface quality control system for Cherepovets Iron and Steel Works. ISRA Parsytec GmbH will supply, assemble and commission four quality control systems. “The investment project with the total value of over 180 million rubles is aimed at improving the quality of the cold-rolled metal surface, as…Details
Russian gold producer Polymetal International has increased gold reserves of the Komarovskoye field in Kazakhstan by 57%, to 1.374 million ounces, or 42.7 tons, Polymetal said in a statement on October 11. The reserves were calculated under the 2012 JORC standards and “incorporate data from 387 diamond drill holes completed after Polymetal had agreed to…Details
According to the Ministry of energy and coal industry, Pervomayskugol mines extracted 129.9 thousand tons of coal, while Lisichanskugol – 148.3 thousand tons.
All in all coal output in Ukraine in 9 months decreased by 11.5% YoY. (Ukrainian metal)
Kuzbass is the main coalmining region of the country. In 2016 out of 385 million tons of coal mined in Russia the region supplied 59%, with 75% being coking coal. The regional authorities together with coal companies and Russian Railroads have carried out an important work on increasing coal deliveries. Thus, in 9 months some…Details
MMK Trading House LLC is expanding the sales of its sections for major construction projects. In August the company supplied profiled sheeting for the construction of the TMK scientific-technical center in Skolkovo, as well as delivered galvanized sheeting to a number of cattle-breeding projects under construction in the Central region. The volume of the delivery…Details
Izhorsky Pipe Works has completed the scheduled repairs in its electric welding shop. The work lasted for 3 days. According to the company statement, some 150 specialists participated in the repairs. “The repairmen demonstrated an efficient team work. The repair will provide for the faultless operation of the shop and prolong the lifetime of the…Details
The Stoylensky Mining and Processing Works has replaced an old crushing mill with a new KKD1500/180 machine. The capacity of the new mill is 1.9 thousand cubic meters per hour. The machine was manufactured by Uralmashzavod. The record-short time assembly allowed the company to keep output on the planned level. At present the new crushing…Details
Severstal announced its operational results for Q3 and the 9 months of 2017. Hot metal output remained almost unchanged at 2.23 million tons (Q2 – 2.24 million tons) compared with the previous quarter, whereas crude steel production was up by 4% at 2.94 million tons (2.83 million tons). Crude steel output at CherMK in Q2…Details
Metalloinvest has signed two long-term credit facility agreements with ING Bank guaranteed by export credit agencies (ECA). The funds will be used to purchase equipment for the implementation of investment projects at Ural Steel (part of Metalloinvest). One of the agreements, a EUR 11.5-million ten-year credit line guaranteed by Euler Hermes Aktiengesellschaft (Germany), will be…Details
In January-August Ukraine mined 26.175 million tons of coal, down by 11.5% YoY. According to the Ministry of energy and coal industry, of this 4.4 million tons were extracted at state mines, down by 16.4% YoY. In September Ukraine mined 2.6 million tons of coal, with 0.4 million tons extracted by state mines. The share…Details
In January-September metal consumption in Ukraine increased by 6.3% YoY. According to Ukrmetallurgprom, metal companies supplied 2.737 million tons of products to the local market against 2.574 million tons in 9 months of 2016. The local market share increased from 15.8% to 20.3%. At the same time exports dropped by 20.8% YoY, to 10.732 million…Details