In January-June Magnitogorsk Iron and Steel Works increased its net profits by 35.8% YoY, to 32.287 billion rubles ($538 million). According to the company statement, its earnings totaled 185.308 billion rubles ($3.088 billion), up by 17.5% YoY. Gross profit increased by 7.5%, to 48.863 billion rubles ($814 million), EBITDA – by 23.8%, to 40.016 billion…Details
The Russian customs service has acknowledged exports of anthracite from the militants’ occupied mines on Donbass. According to the statistics of the Southern customs department of the Federal Customs Service of Russia, in May Rostov region received 58.652 thousand tons of anthracite valued at $3.14 million from Ukraine, and in January-May – 236.568 thousand tons…Details
The U.S. has extended the agreement on price obligations with regard to Ukrainian pipe products, which provides for the abolition of the antidumping duty for Ukrainian producers involved in pipe exports, according to Ukraine’s Trade Envoy Nataliya Mykolska. “The U.S. Department of Commerce decided to extend the agreement on price obligations for pipe products. Thus,…Details
In June Dneprospetsstal produced 21849 tons of steel, down by 2.2% MoM. Rolled metal output dropped by 3.4% MoM, to 13844 tons. The total cost of the products manufactured in June is 643232 thousand UAH, down by 5.8% MoM. In January-June the company produced 127744 tons of steel and 84632 tons of rolled metal valued…Details
In January-June Khabarovsk region enterprises obtained 9170.4 kg of gold, up by 14.1% YoY.
Alluvial gold companies showed the increase in output of 8.6% YoY, to 1517 kg, while miners yielded 7653.4 kg, up by 15.3%.
Silver output totaled 27509.5 kg against 19260.4 kg in H1 2016. (Ukrainian metal)
In H2 Russian Copper Company intends to start construction at the Tominskoye deposits of copper-porphyry ores in Chelyabinsk region. According to the group vice president Maxim Schibrik, this is the key investment, which will considerably improve quality ad boost output. Investments in 4 years will total 65.9 billion rubles. The project will be carried out…Details
In Q2 Severstal pig iron output decreased by 4% QoQ, to 2.24 million tons, mostly because of the blast furnaces No. 2, 4 and 5 repairs. Steel output decreased by 1%, to 2.83 million tons. Consolidated sales of steel increased by 9% QoQ, to 2.75 million tons. Local sales went up to 60% from 58%…Details
Following the rise of the world prices for rolled metal and the weakening of the ruble exchange rate the prices for rolled metal on Russian market could increase. The growing demand as well as the price increase for all the main raw materials also contribute to this. According to the market participants, MMK plans to…Details
The Ukrainian Association of Scrap Exporters (UAEM) has asked the president to completely veto the bill on prolongation of scrap export duty of 30 euro per ton for two years. The association believes that the bill contradicts the current legislation of Ukraine and international agreements, signed and ratified by Ukraine. According to these agreements, the…Details
Pobuzhye Ferronickel Plant intends to resume purchases of nickel ore in Ukraine. According to the company director Oleg Bespalov, the ore will be bought from Zapadno-Loschevskoye deposits in Nikolayev region. The first batch will arrive on July 15. The company will buy 25% of its need locally, the rest, as previously, will be purchased from…Details
In January-May Poltava Mining and Processing Works exported 3.663 million tons of iron ore pellets. At the same time Karelsky Okatysh exported 2.165 million tons, Mikhailovsky GOK – 1.502 million tons, Lebedinsky GOK (all three Russia) – 1.153 million tons, and Central GOK – 784.1 thousand tons. In 5 months PGOK produced 4.234 million tons…Details
In January-June Pobuzhye Ferronickel Works produced 7.7 thousand tons of nickel, down by 13.4% YoY. According to the company statement, ferronickel output dropped by 9%, to 36.121 thousand tons, while the total volume of the ore processed decreased by 9.1%, to 640.312 thousand tons. The decrease was the result of scheduled repairs of the main…Details
Gold production on Russia’s Chukotka peninsula decreased by 14.34% YoY, to 11.795 tons, in January-June, a spokesperson for the regional industry policy, construction, and housing and utilities department reported on July 11. Silver production in the area fell by 21.71%, to 64.709 tons. Chukotka Mining and Geological Company, a unit of Kinross Gold, produced 4.775…Details
In June the public joint stock company “Kiev research works Ugol” changed hands. Revenco Limited (Cyprus) and an individual sold 42% and 37% of the works shares to a number of legal entities, among which is Andilero Holdings Ltd (Cyprus) and Vtorpolymery LLC (Kiev). Ugol, despite its name (which means coal) has been away from…Details
In May, according to the customs statistics, Russia exported 391.5 thousand tons of ferrous metals scrap, down by 13.2% MoM and by 29% YoY. In April the figures stood at +29% and –33% respectively. In January-May Russia exported 1.64 million tons of scrap, down by 28% YoY. And this is also the lowest result for…Details
By August Ukrzaliznytsia intends to have shipped all its scrap sold at three auctions in early June. “The loading is underway. We expect to receive all the volumes this month”, Interpipe finances and economy director Denis Morozov said. According to him ArcelorMittal Kriviy Rih, Metinvest-Resource and Interpipe NTZ have already received some 30-50% of the…Details
In May, according to the customs statistics, Russia exported 391.7 thousand tons of pig iron, up 3-fold MoM, but down by 12% YoY.
In January-May pig iron exports totaled 1.71 million tons, down by 15% YoY.
USA imported 62% of all pig iron, with Spain exporting 10% and Turkey 9%. (Ukrainian metal)
The steel-smelting shop of Cherepovetsk Iron and Steel Works is completing its project to increase converter steel output: the construction of the second ladle furnace. According to the company statement, the active phase of construction began in June 2016, and the trial start of the complex was made on May 31. The cost of the…Details
NLMK Group has implemented the resource-saving pulverized coal injection (PCI) technology at 90% of its blast furnace capacities at NLMK Lipetsk. NLMK has launched hot-testing of the PCI unit at its most productive blast furnace, namely blast furnace No. 7 (with a capacity of 4.3 million tons per year). This technology involves co-injecting natural gas…Details
Pobuzhye Ferronickel Plant intends to start capital repairs of its ore-thermal furnace No. 2 in February 2018. “The furnace is old. We have planned to repair it in February next year”, the company CEO Oleg Bespalov said. The cost of the project is some 50 million UAH, and the repair will last for 45 days.…Details
The Verkhovnaya Rada committee on industrial policy and entrepreneurship has supported amendments to the decree on the prolongation of the scrap export duty made by the president Petr Poroshenko. “From the state point of view, it would have been better for the scrap decree to be prolonged for 2 years, and not for 1. But…Details
In 2016 Ural Mining and Metallurgical Company received $5.3 billion of consolidated revenue, up by 17% YoY.
The group EBITDA reached $1.2 billion.
Non-ferrous metals accounted for 51% of the revenue, coal – 20%, precious metals – 9%. Exports share was 48%. (Ukrainian metal)
Taganrog Iron and Steel Works has been granted tax exemptions for almost 200 million rubles from the Rostov region till 2019. For the past 10 years Tagmet has invested over 32 billion rubles in its technical revamping, which has made it one of the major seamless pipe manufacturers in the world. The company has orders…Details