In 2016 Atomredmetzoloto received 18.1 billion rubles of revenue, up by 4% YoY, with EBITDA up by 35%, to 4.3 billion rubles, and net profit up by 44%, to 3.7 billion rubles. “2016 was a difficult year for the uranium industry. Still we were able to improve our key financial indexes and showed the net…Details
Energy and Coal Industry Ministry of Ukraine will initiate prohibition of grade “A” coal imports from the territory of the Russian Federation. “I will submit for consideration of the government the order on prohibition of grade “A” coal imports from the territory of Russia. The ministry has information, that the coal will be taken from…Details
The blast furnace No. 3 at Zaporizhstal will be put into operation in April in full accordance with the schedule. According to the company CEO Rostislav Shurma, because of the railroad blockade of uncontrolled territories in Donetsk and Lugansk regions many metal companies have been experiencing the shortages of blast furnace raw materials. “The main…Details
Zaporozhye Iron Ore Complex has gained access to ore reserves of 68 million tons.
The construction of the new grinding complex and the new ore deposits will create 152 new jobs.
In 2012-2016 ZZhRK invested over 1.86 billion UAH into development and modernization. (Ukrainian metal)
The Kazakhstan state gold-mining works Tau-Ken Altyn, a part of the National mining company Tau-Ken Samruk, plans to sell the National bank 15 tons of gold this year. “Last year Tau-Ken Altyn sold 12 tons of gold to the National bank. This year our plan is 15 tons”, Tau-Ken Samruk chairman Mazhit Turmagambetov said. Thus…Details
Ukraine intends to increase uranium ore processing to 1501 tons in 2018, to 2480 in 2019 and in 2020 each. This year the uranium concentrate output is expected to increase by 21.4% YoY, to 1.2 thousand tons. Thus, the Ministry of energy and coal industry 2020 forecast of uranium concentrate production exceeds the 2016 results…Details
Evraz-holding intends to increase its share on Ukrainian coking coal market to 20%. According to the group statement, its share in 2016 reached 12%. The company increased exports to Ukraine by 42% YoY, to 2 million tons, and plans to increase them to 3 million tons in 2017. In 2015 the company revenues in Ukraine…Details
The management of the Mariupol Ilyich Iron and Steel Works has initiated a dialogue between the Donbass blockade participants and the employees. “On behalf of all the personnel I would like to invite the heads of the railroad blockers to our works. We would like to organize the meeting with our employees, simple metallurgists, who…Details
In February Kraft Group supplied the 100th batch of rolled metal to Leroy Merlin. The companies have been cooperating for more than half a year. During this period Kraft Group sent 500 trucks with Euro-standard rebars to the store. Kraft Group supplies metal to 12 Leroy Merlin stores in Moscow and Moscow region, as well…Details
Magnitogorsk Iron and Steel Works has finished the reconstruction of the sulfur-recovery machines in the sinter factory No. 2. According to the company information, the sulfur-recovery system of the sinter factory No. 2 provides for the 95% purification of gases. The first purification system was put into operation in 2015, the second and the third…Details
The processing factory of the Korshunovsky Mining and Processing Works, a part of Mechel, has put into operation 2 dust extraction machines for gas-purification after repairs.
The renewed machinery will improve extraction efficiency and provide more comfortable working condition for the employees.
The total cost of the repairs reached 1 million rubles. (Ukrainian metal)
The Cabinet of Ministers will create a state commission to check all coalmining companies in Ukraine on labor safety and personal protection. “This is (the explosion at Stepnaya mine) the case when we have not only to find out what happened but also to understand what is going on at other mines with labor safety.…Details
The port of Antwerp says Russia is its fourth-largest trading partner. In 2016 the port handled 11.2 million tons of cargo from or destined for the world’s largest country. Steel and container freight continue to do particularly well in this area. In 2016 steel imports from Russia rose from 268,000 to no less than 424,000…Details
In 2016 Kazakhmys Corporation produced 225.657 thousand tons of copper cathodes, up by 2.5% YoY, or by 5.4 thousand tons. The average copper contents in ore totaled 0.95%, up by 1.1% YoY. In 2016 Kazakhmys factories processed 29.8 million tons of ore. This year the corporation intends to produce 232.6 thousand tons of copper cathodes.…Details
In January the USA imported 2.512 million tons of steel, up by 4.6% YoY and by 2.6% MoM. In particular, Russia increased steel exports by 73.5% YoY, while India – by 237.8%. Still Russia wasn’t able to get into the top steel suppliers list. The list consists of South Korea (311 thousand tons, up by…Details
Moscow hosted a round table on metal market situation. Among the presenters were Zhanna Pets, the ChTPZ information-analytical department director, Arthur Krasavin, Mechel-Service marketing department director, and Zhanna Raus, Dialvest development director. In particular, Zhanna Pets reported on pipe market situation, noting that in 2017 it would decrease by 1% YoY, to 9.99 million tons.…Details
In January output of raw titanium in Russia increased by 1.3% YoY and by 1.2% MoM.
According to the Federal Service of State Statistics, titanium semi-finished products (wire, rods and sections) output increased by 13.1% YoY, but dropped by 28.8% MoM. (Ukrainian metal)
In February the Pipe Works named after Makarov (Profil-Akras) produced 5500 tons of pipes.
Deliveries to the local market reached 5700 tons, while exports stood at 2 thousand tons.
The company continues preparing for the start of the season, and March will see some scheduled repairs to ensure stable operation in summer. (Ukrainian metal)
On March 2, an explosion occurred at the No. 10 Stepnaya mine of Lvivugol. According to the report of the State Emergency Service, the explosion resulted in the cave-in of the rock, with 8 miners killed and 6 wounded. The fate of the 20 miners is still uncertain. At the time of explosion 172 miners…Details
The Ministry of economic development and trade has ordered the supervisory board of Ukrzaliznytsia to sell its scrap to local metal companies. The decision followed the earlier meeting of the Prime Minister Vladimir Groysman with the representatives of the metal companies and aims at securing their interests. According to the Ukrzaliznytsia chairman Wojcieh Balczun, this…Details
Aluminum Association has suggested standardizing documents regulating usage of aluminum and aluminum alloys in construction.
To reach the goal expert group will be created headed by the leading companies.
The decision has been taken during the meeting of the Aluminum Association construction sector with the participation of TatProf, KRAMZ, Realit, Rusal, Alukom, etc. (Ukrainian metal)
Tashkent has become a host to the UzBuild-2017 international construction exhibition. MMK is one of the participants. The company presents products for construction, including bars, cold- and hot-rolling sheet, galvanized metal and metal with coating, as well as metal wares. Among the new products are the high-strength and wear-resistant steel, manufactured under MagStrong brand. In…Details
In 2016 investments of the major Russian pipe manufacturers in the modernization exceeded 21 billion rubles. According to the Foundation on pipe industry development, TMK invested over 10 billion rubles into the program to improve premium pipe quality and increase capacities. The United Metallurgical Company (OMK) invested 6 billion rubles into new products. Chelyabinsk Pipe…Details
Taking into account the current market situation Evraz will not resume work on its Yuzhny stan (Southern Mill) project of the construction of a rolling mill in Rostov region. “We need some time to watch over the market situation, and in case there is an increase in demand in the southern regions, we might return…Details
In 2016 Severstal Distribution increased its EBITDA by 78% YoY, to $56 million. Revenues went up by 5%, to $716 million. The end of Q1 2016 saw the dramatic increase of price on all the group markets, resulting in a short-term shortage. In 2016 Severstal Distribution increased sales by 6% YoY, to 1.545 million tons.…Details
Under the current contract the ChTPZ Group will deliver an additional batch of pipes for the construction of the Nord Stream-2 gas pipeline. The company will supply 3.2 thousand tons of large diameter pipes (1153 mm) with the wall thickness of 41 mm, as well as 12 adapter pipes and 499 units of buckle arrestors.…Details