Russia: new beryllium project planned

Expert Council of the Industry’s Development Fund approved 12 preferential loans amounting up to 2.93 billion rubles (approximately $48.305 million). According to one of them, company Rare Metals of Siberia plans to organize a plant to process beryllium ores into pure beryllium and its compounds. Rare Metals of Siberia has a technology for primary raw…

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Russia: IMH increases debt

Eurasian Development Bank (EDB) and the Industrial Metallurgical Holding (IMH) signed a loan agreement to boost iron ore outputs. The document was signed by Konstantin Limitovsky, Deputy Chairman of the Management Board at EDB, and Evgeny Zubitskiy, President of IMH. In accordance with the agreement, EDB will provide $90 million to IMH for eight years.…

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Ukraine: AMKR launches engineering and geological research at the site of LF-CC 2

ArcelorMittal Kriviy Rih launched geological engineering survey at the construction site of future LF-CC No. 2. On January 3, R&D Institute Mekhanobrchermet commenced the works; the first wells have been drilled at construction site. The plan is to drill approximately 50 wells in January, thus to receive accurate information about geological conditions of the site…

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Ukraine: terrorists claim 47% of coal taxes

Terrorists of the so-called Lugansk People’s Republic receive 47% of the anthracite supplied from the occupied part of Donbass to the state power company Centrenergo as “taxes”, the State Security Service of Ukraine reports. “From the money received for supplying coal the minister of fuel, energy and coal industry of the LPR pays 47% to…

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Ukraine: scrap exports facilitated

Ukraine’s Cabinet of Ministers has facilitated exports of scrap ferrous and nonferrous metals, revoking the registration of foreign economic contracts related to transactions with scrap metal. The amendments were made to some government resolutions in resolution No. 1035 dated December 28, 2016. The resolution also annuls some previous government resolutions. “The government has relaxed the…

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Ukraine: Zaporizhstal 2016 results

In December 2016 Zaporizhstal produced 264.6 thousand tons of pig iron, 305.4 thousand tons of steel and 267.4 thousand tons of rolled metal, all down by 25.2%, 13.5% and 11.9% YoY respectively. In January-December 2016 the output totaled 3600.2 thousand tons of pig iron, 3890.7 thousand tons of steel and 3367.9 thousand tons of rolled…

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Metals of Ukraine & Russia: squares (ordinary steel), November 2016

Month

Ukrainian market, $/t, without VAT, EXW, $1/UAH25.499*

min

max

October

415

420

November

457

457

* – Ukrainian Hrivna and Russian Ruble exchange rates are as of 30.11.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)

Ukraine: AMKR smelts 7 million tons of steel in 2016

ArcelorMittal Kriviy Rih announced its 2016 production results. The company successfully coped with the set task and achieved record production for the recent years – 7 million tons of steel in 2016. Previously such production level was reached in 2008. This ambitious goal, that the employees of the company strived to achieve for the whole…

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Ukraine: AMKR celebrates New Year’s Eve delivering new products for its biggest customer

ArcelorMittal Kriviy Rih has developed and put new casting technology into operation at LFCC. It is high carbon commercial quality steel 85 for production of wire rod with 0.82-0.89% carbon content at hybrid mill LSM-WRM-6 according to the pilot order (110 tons). The customer is the biggest consumer of high carbon wire rod and the…

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Ukraine: Mariupol Ilyich spends 30 million UAH to repair locomotives

Mariupol Ilyich Iron and Steel Works spent over 30 million UAH in 2016 on locomotive repairs.

The company received the M62UP locomotive, repairs cost around 9 million UAH.

According to the company CEO Yuri Zinchenko, the works specialists are preparing the locomotive to be put into operation. (Ukrainian metal)

Ukraine to sell ZALK by December 2017

The government of Ukraine has ordered to privatize 68.0095% of shares of the Zaporozhye Aluminum Works, 75.224% of Turboatom and 99.999% of Oriana.

According to the government order, the stakes in the above companies will have to be sold on transparent auctions by November 30, 2017. (Ukrainian metal)