Brok-Invest-Service believes that metal prices in October will be high. The beginning of the month has already seen the rise in all ferrous metal prices. The hot-rolled metal has reached its highest prices, so no new increases are expected, except for plates. Demand in the pipe segment is stable, and the price is steadily growing.…Details
Following a recent earthquake, a pit with the diameter of 300 meters and the depth of 50 meters appeared at a mine in Lviv region.
The mine is situated in the zone developed by Polymineral Mining and Chemical Enterprise.
A basin with mineral water could appear there in time. (Ukrainian metal)
Donetskstal resumes operation. According to the leader of the so-called Donetsk People’s Republic, the Russia-created and supported terrorist organization, Alexander Zakharchenko, the smelting shop of the enterprise has been put into operation. “In October we will get the first metal as planned”, he said. Earlier DPR reported on the renaming of Donetskstal into Yuzovka Iron…Details
The State Service on Subsoil Use intends in the short-term to settle the problem with Evraz Sukhaya Balka. “The situation with the blocking of the operation resulted from the company previous allowances expiring in August 2016”, the service said. In 1996 Evraz Sukhaya Balka obtained two allowances to mine for iron ore for 20 years,…Details
Zaporizhstal has set a record of pig iron manufacture – 13.2 thousand tons per day, up by 500 tons from the previous record. This has been achieved thanks to the reconstruction of blast furnace manufacture. The works has already invested almost 9 billion UAH into environment modernization. In 2012-2016 investments totaled 5.6 billion UAH, with…Details
In January-July Russia imported 7201 tons of copper pipes for conditioning, up by 16% YoY and by 23.6% from the 2015 level. According to the customs information, the main supplier of copper pipes was Serbia (21.6%), down by 17.4%. The average price on Russian border was $7374 per ton. Greece exported 20% of pipes, up…Details
In January-July Russia exported 81.7 thousand tons of raw nickel valued at $768 million, down by 29% and by 23.3% YoY respectively.
These are also the lowest results for the past 10 years.
In July the average price for nickel was $9179 per ton FOB Russian border, down by 5% YoY. (Ukrainian metal)
NLMK announced the closing of its $500 million 7-year Eurobond placement with an annual coupon rate of 4.00%. Interest payments on the Eurobonds are payable semi-annually. The proceeds from the issue will be used to finance the purchase of existing Notes due 2018 and 2019 in accordance with the terms and conditions of the Tender…Details
On the square near the Dneprovsky Iron and Steel Combine a meeting was held.
People demanded clean air and healthy future for their children.
The strikers didn’t want the combine to be shut down, they just wanted the company to use all the filters and fulfill all the environment programs. (Ukrainian metal)
In January-August coal companies output decreased by 2.444 million tons, or by 9.4% YoY. “In particular, power-generating coal production dropped by 1.338 million tons, or by 6.5% YoY, and coking coal – by 1.105 million tons, or by 19.7%”, the Ministry of energy and coal industry reported. State mines decreased output by 20.8%. “The ministry-controlled…Details
Interpipe Nizhnedneprovsk Pipe-Rolling Plant has obtained a license to supply gas.
The corresponding decision has been taken by the National commission on energy and housing services regulation.
As of September 1, 318 licenses to supply gas have been given by the commission. (Ukrainian metal)
At the Extraordinary General Shareholder Meeting (EGM) held on September 29, NLMK shareholders approved payment of Q2 dividends of RUB 3.20 per share.
The date upon which the shareholders entitled to Q2 dividends will be determined was set as October 12.
H1 dividends will amount to RUB 5.55 per share. (NLMK/Ukrainian metal)
The deputy economic minister Sergey Nazarov has confirmed that the so-called Donetsk and Lugansk People’s Republics sell coal to Russia, and it in its turn reexports it to other countries. According to Nazarov, each month some 1 million tons of coal from the occupied Donbass are sold that way. Thus Russia helps DPR and LPR…Details
The services were ordered following 2 auctions.
At one auction Komsomolskaya offered to process coal at 94.52 UAH per ton, at another – at 94 UAH. (Ukrainian metal)
The Pechersk district court of Kiev has arrested the assets of the largest ferroalloy producer Nikopol Ferroalloy Plant, Marganets Mining and Processing Works and Ordzhonikidze Mining and Processing Works under the Privatbank embezzlement case. The General Prosecutor’s Office is investigating the embezzlement of 19 billion UAH provided to Privatbank in 2008-2016 by the National Bank…Details
Sibcable has started producing the HoldMine mine cable, which corresponds to the new requirements of Rostechnadzor.
The new requirements dictate using mine cables with improved characteristics.
The first batches of new cable have already been supplied to Kuzbass coal companies. (Ukrainian metal)
Two new hydraulic drilling mills with DML LP diesel engine have joined the drilling fleet of Krasnobrodsky and Kaltansky pits, parts of Kuzbassrazrezugol. They will be used to drill shafts when carrying out explosion works. The planned output of DML LP is 22 thousand meters of shafts per month. The company has been modernizing its…Details
Kamensk-Uralsk Non-Ferrous Metals Processing Works has increased sales to Russian machine-building companies.
In January-August sales grew by 1.5 thousand tons, or by 71% YoY.
Rolled brass and copper account for 90% of sales, rolled bronze share is 8%.
Machine-builders demand rods (53%), sections and plates (21%) and rectangular wire (11%). (Ukrainian metal)
Lebedinsky Mining and Processing Works has produced the 700-millionth ton of iron ore concentrate. The first ton of the concentrate was received in November 1972. At that time the capacity of the works was 7.5 million tons of ore per year. Now its capacities are much higher – to produce 100 million tons of concentrate…Details
MMK is preparing to purchase Lysva Iron and Steel Works. According to a source, the parties have signed preliminary documents and MMK has applied to the Federal Antimonopoly Service. The Service confirmed the receipt of the documents on August 17, but prolonged their reviewing to study the competition environment. MMK says it is regularly monitoring…Details
Astana is ready to hold consultations with Kiev regarding antidumping duties on certain types of steel pipes imported from Ukraine in the Eurasian Economic Union (EAEU). “Kazakhstan is ready to hold consultations with its Ukrainian colleagues. The possible timeframes of the consultations are being discussed,” a source at the National Economy Ministry of Kazakhstan reported.…Details
In September the Dobropolye Central Processing Factory reached the 3-million ton processing milestone since the start of the year. This happened 20 days earlier than last year. The factory with the project capacity of 2.5 million tons is steadily on its way to process 4 million tons of coal. In 8 months DTEK investments into…Details
The Kharkiv Works of Lifting and Transport Machinery (KhZPTO) has produced and shipped a crane with the capacity of 16 tons to ArcelorMittal Kriviy Rih. This is the second law crane produced by KhZPTO for AMKR. The experience from the previous order allowed the company to meet the customer’s requirements to the full extent. (Ukrainian…Details
The Lugansk region prosecutors have found out that Alchevsk Iron and Steel Works officials have evaded paying taxes in large amounts. In particular, in February AMK imported 19 thousand tons of coal and concentrate valued at almost 100 million UAH from Russia. The company submitted additional customs declarations with new data on foreign trade, and…Details
Eurasian Economic Committee has fined two Russian companies for 217 million rubles. NLMK and VIZ-Stal LLC were found guilty of taking actions affecting the competition on the border markets of two or more EAEU countries. From January 1, 2005 till June 30, 2016 the companies, being a sole market participant in Belarus, Kazakhstan and Russia,…Details