Konstantin Zhevago has left the supervisory board of Poltava Mining and Processing Works, the largest iron ore pellets producer in Ukraine.
According to the company statement, Zhevago resigned on October 19. His office ended on November 3. He has been in the supervisory board for 20 years, but directly owns no PGOK shares. (Ukrainian metal)
Energomashspetsstal will supply a large batch of rolls with mechanical treatment to Eurohuolinta Oy.
According to the company statement, the rolls weighing 490 tons will be shipped to Finland in January-February 2017. EMSS will produce 76 rolls. They will be used to produce electric machines.
The companies have been cooperating for 10 years. (Ukrainian metal)
In October the mines situated on the territory of Russia-supported terrorist organization Donetsk People’s Republic mined 1.03 million tons of coal. In particular, the DPR Ministry of coal and energy-controlled mines yielded 512.47 thousand tons of coal. Donbass Mine Group yielded 125.5 thousand tons of coal, Torezantrazit – 108 thousand tons, and Shakhterskantrazit – 95.2…
DetailsMagnitogorsk Iron and Steel Works has started construction of a new sinter plant as part of its long-term development strategy announced in November 2015 to increase efficiency and reduce costs. Commissioning of the new sinter plant will provide MMK’s blast furnaces with high-quality sinter produced using state-of-the-art energy-saving and environmentally safe technologies. The new plant…
DetailsMonth Russian market, $/t, EXW, without VAT, $1/RUR63.16* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.897* min max min max August 135 154 144 158 September 146 173 160 167 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 30.09.16 according to the National Bank of Ukraine and the Central Bank of the…
DetailsNLMK Group, an international steel producer with operations in Russia, Europe and the USA, is opening NLMK Europe’s Project Office, a new division for integrated planning and implementation of investment programs at the group’s European facilities. Konstantin Lagutin, NLMK Group’s VP for Investment Projects, said: “The new project office will allow us to integrate our…
DetailsMetal output in January-September decreased by 5.8% YoY, against the 6.5% increase in January-September 2015. According to the National Statistic Service, ferromolybdenum output went up by 8.1% YoY, to 4614 tons, with 718 tons produced in September, up by 12% MoM. Molybdenum concentrate production increased by 0.5% YoY, to 7970 tons, with 925 tons produced…
DetailsMonth Russian market, $/t, EXW, without VAT, $1/RUR63.16* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.897* min max min max August 406 679 376 398 September 410 679 387 406 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 30.09.16 according to the National Bank of Ukraine and the Central Bank of the…
DetailsIn January-September Raspadskaya, a major coking coal producer within Evraz Group, received 8.22 billion rubles of net profits, as compared to 2.8 billion rubles of losses last year. The company revenue totaled 5.89 billion rubles, down by 17.9% YoY (7.17 billion rubles). Its EBITDA increased to 8.87 billion rubles from the losses of 3.49 billion…
Details“In a year and a half we intend to double coal output in Ukraine”, the minister of energy and coal industry Igor Nasalik announced. All the salary debts to miners will be cleared by January 1, 2017, he added. “The ministry has fulfilled its obligations on settling salary payments, and we expect miners to honor…
DetailsIlyich-Stal has sold a 99.46% stake in the Ilyichevskoye Insurance Company and is its shareholder no longer.
The buyer of the shares is not disclosed.
Ilyich-Stal is owned by Metinvest. (Ukrainian metal)
Month Russian market, $/t, EXW, without VAT, $1/RUR63.16* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.897* min max min max August 400 2194 418 418 September 359 2194 424 424 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 30.09.16 according to the National Bank of Ukraine and the Central Bank of the…
DetailsIn 2017 Ukraine will consume 4.6 million tons of steel, up by 7% YoY. “We see activity increase in construction, agriculture and machine-building. So we expect steel consumption to increase by 5-10%, by 7% on average”, Metinvest marketing director Roman Kurashev said. Construction and machine-building will become the main drivers behind the consumption growth. In…
DetailsArcelorMittal Kriviy Rih has started returning land, belonging to Krivorozhstal, to the city of Kriviy Rih. In particular, 36.41 ha have been returned: 11.39 ha under the mining and processing complex in Ingulets district; 17.44 ha under furniture manufacture in Pokrovsk district; 1.78 ha and 2.99 ha under pig farms in Dolgintsev district; and 2.79…
DetailsMonth Russian market, $/t, EXW, without VAT, $1/RUR63.16* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.897* Export, Ukraine, $/t, FOB Black sea ports Export, Russia, $/t, FOB Black sea ports min max min max min max min max August 241 269 217 238 240 253 248 275 September 241 269 218 257 250 255 250 260…
DetailsIn January-October prices of processing companies increased by 16.2%, of mining – by 14.9% YoY.
Zinc prices went up by 50.9%, ferroalloy – by 47.7%, ferrous rolled metal – by 40.1%, precious metals – by 40%, lead – by 32.8%, aluminum – by 11.6%, copper – by 8.3%. (Ukrainian metal)
Prosecutors succeeded in making ArcelorMittal Kriviy Rih pay for pollution.
“A record. ArcelorMittal Kriviy Rih has paid 72.69 million UAH to the state for abnormal pollution”, the general prosecutor of Ukraine Yuri Lutsenko said. (Ukrainian metal)
Pershotravenskoye Mine Group has put the 168th long face into operation. Its length is 300 m, and coal reserves – 860 thousand tons.
Since the beginning of the year the Mine Group has put 4 new long faces into operation. That’s one face more than planned. (Ukrainian metal)
In 2017 Ukrzaliznytsia plans to sell a large batch of scrap on the local market. “We will consider the scrap volume we will get from the old cars. And it will be sold in 2017”, the company member of the board Ireneush Vasilevsky said. Ukrzaliznytsia has already announced a tender to sell 130 thousand tons…
DetailsMonth Russian market, $/t, DDP, without VAT, $1/RUR63.16* Ukrainian market, $/t, without VAT, DDP, $1/UAH25.897* min max min max August 720 920 800 1750 September 720 900 800 1900 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 30.09.16 according to the National Bank of Ukraine and the Central Bank of the…
DetailsInterpipe notes positive influence of the scrap export duty decree and supports its prolongation. “The decree has really helped us. Without it the situation with scrap would have been much worse”, the company finances and economy director Denis Morozov said. According to him, scrap procurement in Ukraine will continue to drop, so the decree should…
DetailsThe Tajik Aluminum Company still experiences the aftermath of the emergency electricity cut off and calculates losses. “On October 28, because of the electricity cut off in some regions, TALCO was left without light”, information department director Igor Sattarov reported. In September the company operated 303 electrolysis baths. TALCO specialists believe that the electricity cut…
DetailsMonth Russian market, $/t, EXW, without VAT, $1/RUR63.16* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.897* min max min max August 508 508 409 409 September 491 491 403 403 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 30.09.16 according to the National Bank of Ukraine and the Central Bank of the…
DetailsIn January-September Nadvoitsky Aluminum Works produced 9 thousand tons of primary aluminum, with Kandalaksha Aluminum Works producing 51 thousand tons of aluminum, up by 3.7% and 2.7% YoY respectively. Both works belong to Rusal. In Q3 NadAZ produced 3 thousand tons of aluminum, and KAZ – 17 thousand tons, up by 0.8% and 2.7% QoQ…
DetailsVostochnaya Processing Factory produced around 250 thousand tons of coal concentrate after the modernization completion. This is the record high result in the whole history of the factory. Modernization cost totaled 6 billion tenge. “Our main consumer is, of course, ArcelorMittal Temirtau. But we also supply concentrate to Ukraine (Kriviy Rih) and Russia (Altai-koks and…
DetailsSeverstal has started exporting cold-rolled coils to the European Union from China instead of Russia-made. “We have already started buying Chinese cold-rolled coils for our steel service centers. Duties on Chinese products are lower than on Russian, so it’s better for us to bring steel from China”, the company CEO Vadim Larin said. According to…
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