Th European Commission decided not to prolong the antidumping duty on the import of steel ropes originating from Ukraine and Moldova that has been in effect since 1999.
In January 2016 EU decreased the duty for Stalkanat-Silur ropes from 51.8% to 10.5%. (Ukrainian metal)
Metinvest B.V., the parent company of a vertically integrated group of steel and mining companies (jointly referred to as “Metinvest”), announces its operational results for the fourth quarter and the 12 months of 2016. In Q4 2016 Metinvest’s overall hot metal output decreased by 5% QoQ, 2,211 thousand tons, as production dropped at Azovstal, Ilyich…
DetailsIn 2017 Tigers Realm Coal (Australia) intends to mine up to 400 thousand tons of coking coal at the Fandyushkinskoye pole deposits in Chukotka and export at least half of it through the port, which is under reconstruction at present. “Of course, this is the minimal, the initial plan, we will require some time to…
DetailsKarelsky Okatysh, a part of Severstal, is the largest producer of pellets in Russia, as it yields one third of all Russian pellets. In 2016 Uralmashzavod delivered 2 crushers to the works. The machinery has been put into operation and processes 571 tons of ore per hour on average each. Now the works has ordered…
DetailsFor the past 4 years the share of Metinvest in the manufacture of iron ore concentrate hasn’t dropped below 64% in the total Ukrainian volume. In 2013 the share of 4 Metinvest mining and processing works (SevGOK, InGOK, CGOK and UGOK) in the national production of iron ore concentrate was 66%, in 2014 – 66%,…
DetailsIn 2016 thermal power plants and steam power plants increased coal consumption by 9.4% YoY, or by 2.7 million tons, to 31.338 million tons. According to the Ministry of energy and coal industry, in December 2016 coal consumption increased by 22.3% YoY, or by 575.1 thousand tons, to 3.151 million tons. In 2015 TPPs and…
DetailsS&P Global Ratings raised its long-term corporate credit rating on Ukrainian iron ore producer Ferrexpo Plc to ‘B-‘ from ‘CCC’ and its short-term rating to ‘B’ from ‘C’, following the recent rally in the prices of iron ore in the world. “The recent rally in the price of iron ore, supported by a tight supply…
DetailsIn 2017 Seligdar intends to produce over 830 tons of tin, up 1.5 times YoY. “In 2016 we mined 618 tons of tin, up by 7% YoY. In autumn 2016 we put the Solnechnaya processing factory into operation, which would allow us to increase output 1.5 times. We have also started the reconstruction of the…
DetailsInvestments into the Jerui project will reach 32.6 billion soms in 20 years. In May 2015 the Russian Vostok-geoldobycha won the tender to develop the deposits. In early 2016 the Kyrgyz government said the construction of the gold-mining factory would start in autumn. But the year has passed, and the company was still discussing the…
DetailsIn January the Makmalzoloto mine yielded 27 kg of gold. According to Kyrgyzaltyn information, this is up by 4.7% from the target. The increase is explained by the partial replacement of machinery at Makmalzoloto. At present the mine has over 1 thousand employees. Makmalzoloto is the largest asset of Kyrgyzaltyn. The deposits grew low 10…
DetailsThe State Property Fund of Ukraine plans to put the 68.0095% stake of Zaporozhye Aluminum Works up for an auction in September. The privatization of the company will be carried out on the competition basis with open offers. The decision to return 68% of ZALK to the state was taken in May 2011 by the…
DetailsIn January Ukraine produced 2.1 million tons of steel, up by 9% YoY. According to Ukrmetallurgprom, rolled metal output increased by 10%, to 1.86 million tons, of pig iron – remained on January 2016 level – 1.91 million tons. Coke production dropped by 7%, to 1 million tons. In 2016 Ukraine produced 24.2 million tons…
DetailsAvdiivka Coke and Chemical Works is preparing to put its second furnace into operation.
As of early February 7, water supplies were stable in the town of Avdiivka.
At the same time, the works still uses only one electricity line out of four. (Ukrainian metal)
In January Ukraine increased pig iron exports by 50.6% YoY, to 241 thousand tons, valued at $68.4 million, up 2.6 times YoY. According to the State Fiscal Service, pig iron was mostly exported to the US (58.8%), Turkey (19.3%) and Mexico (10.3%). At the same time, in January Ukraine imported 140 tons of pig iron…
DetailsIn January Ukraine exported 10.106 thousand tons of ferrous scrap, up 6.6 times YoY, but down MoM, as in December 2016 it exported 20.485 thousand tons. According to the State Fiscal Service, the exports increased 6.2 times, to $2.097 million. Imports in January went up 4.3 times YoY, to 1.882 thousand tons. Turkey (92.3% and…
DetailsIn January Yuzhniy Mining and Processing Works produced 1.047 million tons of iron ore concentrate, up by 12.9% YoY.
According to the company statement, sinter output went up by 37.8% YoY, to 203.9 thousand tons.
In 2016 UGOK produced 11282.3 thousand tons of concentrate and 2085.09 thousand tons of sinter. (Ukrainian metal)
In 2017 UMMC investments into the capital construction of the Gaysky Mining and Processing Works will reach 2.3 billion rubles (on the last year level). “The major part (1,7 billion rubles) will be spent on the development of the underground mine, which will enable us to yield 7.5 million tons of ore”, the GGOK reconstruction…
DetailsThe Aluminum Association has initiated the organization of the large-scale long section manufacture of aluminum alloys at Russian enterprises. The issue was discussed during the meeting of the association with the leading local aluminum manufacturers and consumers. “Russia does not produce large-scale long sections of aluminum alloys at present and has to import them. The…
DetailsThe nail shop of Severstal-Metiz has put a new line of agglutinate fiber manufacture into operation. The total investments into the project exceeded 45 million rubles. The agglutinate fiber is used to reinforce concrete instead of rebars and welded nets. “This is a unique product for the Russian market. It has increased anchoring properties and…
DetailsFollowing the results of the first half-year of 2016, 11 members of the management team of Metinvest received $6 million. They are: Yuri Ryzhenkov, CEO, Yuliya Dankova, financial director, Alexander Pogozhev, metallurgical division director and acting director of mining division, Oleg Tokar, industrial safety and ecology director, Svetlana Romanova, legal issues director, Dmitry Nikolayenko, sales…
DetailsSergey Sidorkov has been appointed the acting investments director of Severstal Russian Steel.
Previously he worked as the director of the center on investment projects.
In his new office Sidorkov will continue the implementation of the investment program. (Ukrainian metal)
In January Ukrainian metal companies increased revenue from ferrous metals exports by 71.9% YoY, to $654.819 million. According to the State Fiscal Service, ferrous metals accounted for 21.64% of the total exports as opposed to 18.64% in January 2016. In December 2016 ferrous metal exports earned Ukraine $621.784 million. At the same time in January…
DetailsIn January Mariupol Ilyich Iron and Steel Works produced 236 thousand tons of rolled metal, up by 33.3% YoY. According to the company statement, it also produced 249 thousand tons of steel and 242 thousand tons of pig iron, up by 24.5% and down by 17% YoY respectively. In December 2016 Mariupol Ilyich produced 201…
DetailsSelidovugol has sent official letters to its counteragents asking to decrease purchasing prices in contracts. According to the company managers, they were able to decrease the cost of some contracts, needed to put new long faces into operation, by 8-10%, or by 6 million UAH. The long faces being operated at Selidovugol will provide work…
DetailsUkraine and USA have started negotiations on coal deliveries, as an alternative to coal supplies from the occupied territories. According to a participant of the negotiations, an energy market expert Vitaly Kropachev, after the meeting with the US Ministry of Energy it was decided to create a working group to develop options. “We have discussed…
DetailsIn 2016 Zoloto Kamchatki, a part of Renova, increased gold output by 114% YoY, to 175.25 thousand ounces (5451 kg), and that of silver – by 309% YoY, to 247.35 thousand ounces (7694 kg). Gold sales in 2016 went up by 131%, to 173.68 thousand ounces, at the average price of $1251.66 per ounce. The…
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