In January-May Ukraine increased earnings from ferrous metals exports by 24.5% YoY, to $3.378 billion. According to the State Fiscal Service, ferrous metals accounted for 19.59% of all export revenue (19.81% in January-May 2016). In May ferrous exports brought $737.999 million. At the same time, according to the customs statistics, Ukraine increased imports of ferrous…Details
Ukrzaliznytsia has held an auction on the purchase of tyres for rolling stock valued at 74.2 million UAH. According to the company statement, there were two winners – Interpipe and Huta Bankowa (Poland). Interpipe has received an order for 60 million UAH and Huta Bankowa – for 13.7 million UAH. Both companies will have to…Details
In January-April Russia exported $109.9 billion worth of goods, up by 30.5% YoY. According to the customs statistics, metal share was 10.1%, up from 9.7% In January-April 2016. Metal exports went up in money terms by 38.5% YoY, but dropped in volume – by 2.7%. Ferroalloy exports decreased by 4.1%, unalloyed steel and iron semi-finished…Details
Novosibirsk Refining Works (NAZ) has been sold at an auction for 880 million rubles. The winner of the auction was the Center of real estate management, which bought 100% of the state shares at the initial price. “NAZ is underloaded and needs modernization. We are sure that the new owner will be able to solve…Details
In January-May Ukraine exported 368.84 thousand tons of ferroalloys valued at $430.828 million, up by 4% and by 57.2% YoY respectively. According to the State Fiscal Service, the main importers were Turkey (25.87%), Italy (14.42%) and the Netherlands (10.04%). In 5 months Ukraine imported 24.447 thousand tons of ferroalloys valued at $53.017 million, up 2.1-fold…Details
In January-May Ukraine exported 15.722 million tons of iron ore raw materials valued at $1.166 billion, down by 10.9% and up by 72.7% YoY respectively. According to the State Fiscal Service, the main importers were China (28.65%), the Czech Republic (10.71%) and Poland (10.67%). In 5 months Ukraine imported 201.825 thousand tons of iron ore…Details
The board of directors of the Russian metals and mining group Mechel has recommended paying no dividends on common shares and 10.28 rubles per preferred share, or a total of 1.426 billion rubles, in dividends for 2016, the company said in a statement on June 8. The record date for the dividends is July 11.…Details
In January-May Ukraine decreased imports of hot-briquetted iron from Russia by 97.8% YoY, to 980 tons. HBI is the scrap substitute in metal making.
According to the customs statistics of the State Fiscal Service, in money terms imports dropped by 96.1%, to $262 thousand.
All the imports came from Russia. (Ukrainian metal)
Zaporizhstal has increased wages of its employees by 20% since June 1.
According to the company statement, its wages are among the highest in the Ukrainian mining and metal industry.
Within the program of improving working conditions Zaporizhstal will invest some 4 million UAH in installing climate control systems all over the place. (Ukrainian metal)
Separatists from the so-called Donetsk and Lugansk People’s Republics are trying to sell coal from DTEK mines at half-price. “We’re negotiating with our prospective customers who could buy our coal – Turkey, Spain. We consider it our coal, but stolen. When we left there were some 450 thousand tons of coal at Sverdlovantrazit and Rovenkiantrazit”,…Details
Chepets Mechanical Works, a part of TVEL, has started producing large ingots of heat-resistant alloys on the basis of VIT-1 and VTI-4 titanium intermetallides. The company can now produce large ingots with the diameter of 450 mm and the weight of 1480 kg for aviation industry. In 5 years ChMZ started producing ingots and semi-finished…Details
Since being put into operation Kimkano-Sutarsky Mining and Processing Works has produced 600 thousand tons of iron ore concentrate.
In May the works produced 125 thousand tons.
The company management expects it to reach its target capacity in summer. (Ukrainian metal)
In January-May Kamensk-Uralsky Iron and Steel Works produced 47 thousand tons of aluminum, up by 4 thousand tons YoY. At present the company is constructing a new rolling complex, which produced 2 thousand tons of aluminum in May. This year will see the construction of the second stage of the hot-rolling mill. The first products…Details
Uzbekistan has offered 29 deposits of strategically important solid minerals, including 12 gold deposits, to foreign investors for industrial development. In accordance with the Uzbek government’s decree, published in the national legislation database, investors were also invited to develop eight deposits of tungsten and three deposits of uranium, iron and lithium, each. In addition, potential…Details
Poltava Mining and Processing Works is interested in carrying its cargo between the city of Kremenchug and the port of Yuzhniy with the help of its own trains. According to the company commercial director Dmitry Spatar, the situation when Ukrzaliznytsia is not renewing trains threatens the transportation process. Companies can invest in trains in case…Details
The Ministry of energy and coal industry reports that in April the prime cost of coal at state mines increased by 13.8% MoM, or by 384.1 UAH per ton, to 3159.67 UAH per ton. The prime cost of coal is 45.7%, or 1443.17 UAH per ton, more than its average sale price (1716.5 UAH per…Details
DTEK Mine Group named after Space Heroes has put a new 1120 long face into operation. Its reserves are estimated at 226 thousand tons of gas-coal. This coal is used by the thermal power plants. The reserves will be enough till September. This is the second long face put into operation by DTEK Space Heroes…Details
The Lenzoloto board of directors, a part of Polyus, suggests its shareholders to spend 11.884 million rubles to pay dividends for 2016. It is suggested to pay 34.18 rubles per premium share and pay nothing for ordinary shares. The registry of shareholders entitled to dividends will be closed on July 11. The final decision on…Details
In 2016 Zhayrem Mining and Processing Works received 6.1 billion tenge of net profits, down 1.9-fold YoY. The company EBITDA dropped by 27.3%, to 7.28 billion tenge, while gross profit increased 6.4-fold, to 11.2 billion tenge. Its assets increased by 7.7%, to 30.7 billion tenge, while liabilities dropped by 29%, to 6.3 billion tenge. Zhayrem…Details
Rechitsa Iron and Steel Works has been providing hot-galvanizing services for over 6 years. The company is able to cover metal structures (12500x1500x2500 mm) and pipes (4000-8200 mm long, with ½-4” diameter) with 40-250 micron coating. The works also galvanizes its own products. “Our galvanized bolts have been spotted on German machinery. Now we export…Details
In 2016 the share of stainless steel imports decreased to 40.3% from the record of 86.5% in 2007, while the seamless stainless pipes imports dropped to 33.5% from its highest in 2010 (63.8%). According to the Pipe industry development fund director Igor Malyshev, the decrease of imports resulted in the creation of pipe capacities in…Details
Even if the scrap export duty is prolonged, Ukraine will still suffer from the raw material shortage. “There will be a shortage anyway. But there is a difference: 200 thousand tons of shortage at 30 euro per ton duty and 800 thousand tons of shortage if the duty is not prolonged”, Ukrmetallurgprom president Alexander Kalenkov…Details
Evraz and the Russian Railways have signed a memorandum on cooperation. According to the document Evraz will increase output of 100-meter rails. An additional manufacturing line will be assembled at Evraz ZMSK. And railroads will provide rolling stock to take all the rails produced. The memorandum creates the basis for the signing of a new…Details
In 2016 the consolidated earnings of the United Metallurgical Company totaled 140 billion rubles ($2.47 billion), down by 13% YoY. At the same time the company claims it has been able to receive high profit despite the decrease of large diameter pipe sales, as well as cleared a considerable part of its debt (56 billion…Details