The Rovno commercial court of appeals has cancelled the ruling of the Commercial court of the Volyn region dated February 21, which initiated the bankruptcy of the state-run Volynugol. The state enterprise has been in the process of going bankrupt since March 2. The appeal on the bankruptcy ruling was filed by the Ministry of…Details
Mariupol Ilyich Iron and Steel Works started manufacturing new products for the delivery to USA. “The US market is very attractive for our products. We are actively increasing the range of customers there, as well as new products. A good result for March is the cold-rolled structure steel according to ASTM A 1008/A 1008M”, the…Details
Vorkutaugol, a part of Severstal, has put into operation two new long faces at the Vorkutinskaya and Komsomolskaya mines.
The Vorkutinskaya long face reserves are estimated at 468 thousands tons of coal. The mining will be carried out until November.
The Komsomolskaya face has 856 thousand tons of coal, enough till March 2018. (Ukrainian metal)
Armenian scientists are working on the new technique to produce magnesium. According to Vagan Lalayan, the head of the Ministry of economical development and investments department of investment policy, their partner is the Ecoatom company. “The company wants to construct a works to produce 1 thousand tons of magnesium per year. There are many ways…Details
Dneprovsky Iron and Steel Works has started blowing-in its blast furnace No. 9. “The situation at the enterprise is improving. In the near future we will start receiving coke, and we will resume operation”, the acting CEO of the company Alexander Podkorytov said. On March 30, DMK had to shut down its blast furnace because…Details
On April 5, the Norilsk Nickel Board of Directors set the date for the AGM on June 9, and the record date for the AGM participation has been set on May 16. The list of candidates nominated to the Board of Directors includes: Gareth Penny, Non-executive Chairman of the Board, Pangolin Diamonds Corp. and Edcon…Details
In January-March Zagorsky Pipe Works increased its customer portfolio. For the first time the PNP pipes were sent for the Yamal LNG and AcrticGas projects. The company also delivered all the necessary pipes to Lukoil West Siberia one month earlier. “In April we intend to produce 13-14 thousand tons of pipes and we are sure…Details
In 2016 Vostochniy Mining and Processing Works increased net profits 37.2-fold YoY, or by 480.617 million UAH, to 493.891 million UAH. According to the company statement, its net income dropped by 5.8%, or by 164.107 million UAH, to 2680.433 million UAH, while gross profit almost doubled, to 728.611 million UAH. As of December 31, 2016…Details
In 2016 Ceramet processed and sold almost 1 million tons of scrap, with over 200 thousand tons delivered locally. European customers purchased 800 thousand tons of scrap, with Keramet Polska Sp. z o.o. supplying 60% of this volume and Keramet Hungary Kft – 40%. Last year the company invested 16.8 million UAH in the development…Details
Energomashspetsstal has shipped the press table weighing 18.5 tons to Germany.
The customer is Gerlach GmbH, the daughter company of ThyssenKrupp AG, specializing in the manufacture of metal mills.
The contract was concluded in 2014. And the companies have been cooperating since then. (Ukrainian metal)
2016 was the growth period for Kraft Group, as the sales increased by 65.5% YoY. The average monthly sales volume reached 18 thousand tons. Kraft Group is active in supplying metal to socially important projects, including the new terminal in the Domodedovo airport, Zaryadye park in Moscow, Lakhta-Center and the West Speed Diameter in St.…Details
According to the Canada Border Services Agency, the investigation on the import of steel rebars from Belarus, Taiwan, Hong Kong, Japan, Portugal and Spain has been completed.
The duties have been established at 2.4-108.5%.
The final decision will be taken by the Canadian International Trade Tribunal on May 3. (Ukrainian metal)
Zaporozhkoks has finished the first stage of the coking batteries No. 5 and 6 reconstruction, having repaired 11 coking boxes of the battery No. 6. According to the company statement, the first stage of the program cost 9.1 million UAH. “The overhaul of the coking batteries extends their life time by 15 years. It will…Details
In January-March Ukraine imported 3646.205 thousand tons of coal valued at $569.631 million, with $212.041 million in March. According to the State Fiscal Service, Russia supplied $350.834 million worth of coal (61.59% of the total volume), USA – $102.166 million (17.94%), Canada – $43.707 million (7.67%), other countries – $72.924 million (12.8%). In monetary terms…Details
In January-March Ukraine exported 38.671 thousand tons of ferrous scrap, up 3.3-fold YoY, valued at $11.548 million, up 4.7-fold YoY. According to the State Fiscal Service, imports increased 2-fold YoY, to 8.720 thousand tons valued at $6.474 million, up 4.2-fold. The main suppliers were Turkey (80.72%), Moldova (12.51%) and Russia (5.48%), with the main customers…Details
Metinvest has transferred its shares in Zaporizhstal from two resident companies, Zaporizhstal-RS LLC and Gals-Invest LLC (both based in Zaporizhia) to Cypriot companies Brandfeld Finance Ltd. and Lasartico Holdings Ltd. According to a report by Zaporizhstal in the information disclosure system of the National Commission on Securities and the Stock Market, with reference to the…Details
In January-March Ferrexpo, which controls Poltava and Yeristovo Mining and Processing Works, decreased pellets output by 9.11% YoY, or by 263 thousand tons, to 2.624 million tons. In Q1 the group produced 151.6 thousand tons of 62% Fe content ore and 2472.4 thousand tons of 65% Fe content ore. Pellets output from own raw materials…Details
Izhorsky Pipe Works, a part of Severstal Russian Steel, has started shipping large diameter pipes with special characteristics, used in construction of pipelines crossing zones of active faults. The first batch of pipes has been shipped to Gazprom to be used in the construction of the Sila Sibiri (Power of Siberia) pipeline. The batch included…Details
EvrazHolding marketing and aftersales department director Valentin Krizsky believes that rebars consumption in 2017 will grow by 8% YoY, to 6827 thousand tons. As of April rebars consumption is on the level of 536 thousand tons per month, up from 446 thousand tons in February and 511 thousand tons in March. Consumption of structural shapes…Details
Severstal forecasts that in 2017 the bar market will grow by 3-5%. At the same time at present the market is characterized by the decrease in consumption (by 25% from 2013 to 2016), as well as excessive capacities. In 2016 bar consumption was on the level of 7.912 million tons, with capacities loading at 62%.…Details
In 2016 Asha Iron and Steel Works received 98.51 million rubles of net profits. According to the company statement, for the last 5 years it has been getting losses. Income in 2016 increased by 9%, to 18.92 billion rubles. Sales profit reached 1.43 billion rubles as opposed to 641 million rubles in 2015. The company…Details
The budget of Kyrgyzstan will get 2 billion soms from Shambesai project in form of tax deductions, the State Committee for Industry, Energy and Subsoil Use reported. It is noted that the day before Batken region hosted a round table to discuss Shambesai gold project. Issues of safety of gold mining technology, production impact on…Details
The effort to address the legacy of Soviet era uranium mining in Central Asia is making substantial progress, according to the EBRD News Center. Following the establishment of the multilateral Environmental Remediation Account for Central Asia (ERA) framework agreements have now been signed with Kyrgyzstan, Tajikistan and Uzbekistan, where the fund will operate. The operations…Details
The Belarusian science plays a key role in building a knowledge economy, Chairman of the State Science and Technology Committee of Belarus Alexander Shumilin said during the international symposium on various aspects of powder metallurgy, including surface engineering, new powder composite materials, and welding, on April 5. “Today the Belarusian science plays a key role…Details
The Directorate General of Anti-Dumping & Allied Duties (DGAD) of the Ministry of Commerce & Industry of India has assigned a market status to Ukraine in an antidumping investigation into supplies of cold-rolled steel. The Economic Development and Trade Ministry of Ukraine reported that the market status in the antidumping investigation where the ministry and…Details
The largest recipient of VAT refunds in March was Dneprovsky Iron and Steel Works, a part of ISD Corporation, with UAH 647.8 million, the State Treasury Service has reported. According to its data, it was closely followed by ArcelorMittal Kriviy Rih with UAH 637.54 million. The following four places occupied Zaporizhstal with UAH 494.7 million,…Details