Russian oil and gas pipe producer TMK has prepared a development strategy for its American assets in which it plans to at least keep the U.S. market share, Deputy CEO for strategy Vladimir Shmatovich said. “We see a strategic goal to at least keep the market share in the U.S. in the key segments or…
DetailsThe supervisory board of Dniepropetrovsk Metal Structures Works named after Babushkin has dismissed Elena Tarasenko from the office of acting general manager and appointed Yuri Kuzmenko general manager instead. According to the company statement, Kuzmenko has been appointed for 1 year. Tarasenko has been in her office for 12 days. Neither owns company shares. In…
DetailsEnergomashspetsstal will supply 2 supporting rolls to SAIL (Steel Authority of India Limited) in February 2017. “We will produce 2 supporting rolls weighing 246 tons. They will be produced of the billets weighing 290 tons each. The net weight of each roll will total 123 tons”, said the company in a statement. The rolls will…
DetailsThe supervisory board of Trubostal has approved of the contract with Metalika-Zuev (Moldova) for the delivery of steel electric-welded cold-drawn pipes valued at $500 thousand (12.58 million UAH) In 2015 the company received 4 million UAH of net profits, having increased its net income by 50% YoY, or by 117.29 million UAH, to 351.26 million…
DetailsThe Commercial Court of Donetsk region has prohibited the State Property Fund to give the assets of the state scientific-manufacturing enterprise Ukrmekhanobr (Dniepropetrovsk region) to other legal entities or to prevent the Mariupol Ilyich Iron and Steel Works from using them. The court has also prohibited anyone to take any decisions to prevent, stop or…
DetailsIn July Ukraine produced 1072 thousand tons of 6% bulk coke, up by 16.4% MoM, or by 151 thousand tons. In January-July coke output went up by 20.5% YoY, or by 1286 thousand tons, to 7568 thousand tons. In June Ukraine produced 921 thousand tons of coke, down by 18.6% MoM, or by 210 thousand…
DetailsIn January-June Rusal net profit dropped by 70.3% YoY, to $261 million from $879 million. According to the company statement, its EBITDA decreased 2 times YoY, to $656 million from $1.28 billion. The company revenues dropped by 18% YoY, to $3.89 billion from $4.75 billion. As of June 30, Rusal net debt stood at $8.32…
DetailsZaporizhstal has reported shortages of limestone due to the problems with railroad transportation in Donetsk region. “The unsolved problems with railroad transportation from the uncontrolled territories of Donetsk region affect Zaporizhstal. We have been using only Ukraine-produced limestone. But now due to difficulties with delivery of this raw material from our major supplier – Komsomolskoye…
DetailsAs of August 16, importers of pipes to Ukraine have used 87.04% of the annual quota for the supply of steel seamless casing pipes with up to 406.4 mm diameter. According to the Ministry of economical development and trade, the quota from October 1, 2015 till September 30, 2016 is 19505 tons. As of August…
DetailsIn January-June Metalloinvest received $428 million of net profits, down by 17.2% YoY. According to the company statement, its revenues dropped by 20.8% YoY, to $1931 million. EBITDA decreased by 38.9%, to $533 million. Net debts remained on the December 31, 2015 level at $3851 million. The company believes the drop in its finances has…
DetailsThe state enterprise Ukrpromvneshexpertisa forecasts in September average iron ore raw materials price (Australian Fe 62% ore at CFR China) will fall by 6.8% MoM, or by $4 per ton, to $55 per ton. “In August the price totaled $59 per ton. We believe in September it will fall to $55 per ton and lower”,…
DetailsIn January-June Mezhdurechensky Mining and Processing Works and Valki-Ilmenit, both parts of Group DF and situated in Zhitomir region, produced 94 thousand tons of ilmenite concentrate. “Output depends solely on the ilmenite buyers demand and contracts concluded. There is a slight decrease in mining YoY. But we are interested to mine only what we need,…
DetailsThe Russian Natural Resource and Environment Ministry plans to solve all disagreements on the sales terms of the Sukhoi Log gold deposit with the Federal Antimonopoly Service in September, Minister Sergei Donskoi said. “We had a meeting in the White House, there are still disagreements with the Federal Antimonopoly Service. But on the other hand,…
DetailsIn January-June Zaporozhye Iron Ore Complex invested 174.41 million UAH into its development.
According to the company statement, the money was mostly spent on the construction of manufacturing capacities. 622 thousand UAH were spent on repairs.
The average salary increased by 14.8% YoY, to 8823 UAH. (Ukrainian metal)
In January-June Ceramet increased its EBITDA by 4.32% YoY, or by 3.73 million UAH, to 90.06 million UAH. According to the company statement, its EBIT went up by 11% YoY, to 83062 thousand tons. The group paid over 11 million UAH of taxes, including 4.3 million UAH of income tax and 2.76 million UAH of…
DetailsAutomated Warman pumping station equipped with thickeners underflow heating unit was installed at Norilsk Concentrator. After closure of agglomeration shop of Nickel Plant one of its sections was additionally equipped with automated Warman pumping unit and thickeners underflow heating unit. Later, the section became a part of Norilsk Concentrator, which is a structural division of…
DetailsIn July Ukraine produced 6157 thousand tons of iron ore and iron ore concentrate, up by 2.8% MoM, or by 179 thousand tons. In particular, iron ore output increased by 1.2%, or by 13 thousand tons, to 1093 thousand tons, that of iron ore concentrate dropped by 3.7%, or by 192 thousand tons, to 5064…
DetailsZaporizhstal plans to finish the construction of the gas-purifying complex for its sintering machine No. 6 in October. “We have been constructing gas-purifiers for the past two years. By the end of October the construction of the sixth sintering machine gas-purifier will have been completed and the whole sintering shop gas-purifying complex will have been…
DetailsThree new fine-grinding vertical mills Vertimill VTM3000 manufactured by Metso Minerals are under commissioning at Talnakh Concentrator, Polar Division of Nornickel as a part of introduction of new technology for high-grade and cupriferous ores enrichment. The equipment is unique for both Polar Division of the company and Russian operations. VTM3000 will be the first application…
DetailsArcelorMittal Kriviy Rih has dismissed Ashokkumar Sitaram Sonthalia from the office of the financial director, chief accountant and appointed Pavel Zadorozhny acting FD instead. According to the company statement, Sontalia resigned. He has been in the office since June 2012. He owns no company shares. Zadorozhny has been appointed for an indefinite time and he…
DetailsThe state enterprise Ukrpromvneshexpertisa forecasts the ferrous scrap procurement in 2016 on the level of 3.3-3.5 million tons. In H1 Ukraine exported 233 thousand tons of scrap, in H2 after the export is unblocked due to the scrap export duties increase from 10 euro to 30 euro per ton, Ukraine will additionally export some 300-400…
DetailsConstruction of trestle for crane altitude change is in the progress in the main building of the smelting shop of Kola MMC (Nornickel subsidiary) in township of Nickel. The engineering structure is necessary for repair of main hoisting-and-conveying equipment. Three overhead cranes operate in main aisle of the smelting shop. They are responsible for charging…
DetailsIn July Ukraine produced 2059 thousand tons of steel, up by 12.5% MoM, or by 229 thousand tons. In January-July steel output went up by 10.4% YoY, or by 1358 thousand tons, to 14476 thousand tons. In June Ukraine produced 1830 thousand tons of steel, down by 20.7% MoM, or by 477 thousand tons. In…
DetailsMariupol Ilyich Iron and Steel Works has finished repairs of its sintering machine No. 4. According to the company CEO Yuzi Zinchenko the overhaul was completed in 30 days. In 2015 the works received 1.58 billion UAH of losses, having increased its net income by 11% YoY, or by 3.11 billion UAH, to 31.54 billion…
DetailsEnergomashspetsstal plans to supply back-up rolls with the total weight of over 140 tons to the iron and steel works of ArcelorMittal in France and Germany. In particular, Ukrainian rolls will go to АМ Atlantique et Lorraine – Florange and АМ Eisenhuttenstadt. They will be used in two different cold-rolling mills: continuous-casting and temper mill.…
DetailsNLMK Group, an international steel company with operations in Russia, the United States, and the European Union, has signed an additional agreement to its contract with Novatek for the supply of natural gas to the Lipetsk site. Similar additional agreements to contracts for the supply of natural gas to NLMK Group’s other key Russian production…
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