The state budget for the year 2018 does not provide for the subsidies to state coalmines. “Subsidies for mines are not stipulated in the 2018 budget project”, the minister of finances Alexander Danilyuk said. The chairman of the Donetsk military-civilian regional state administration Pavel Zhebrivsky in early June said that by autumn 2018 all the…Details
Gaz-Aliance Company LLC (Nizhny Novgorod), controlled by the fugitive Ukrainian entrepreneur Sergey Kurchenko, from the ex-president Victor Yanukovich gang, in July-August exported $70.6 million worth of pig iron and other metal products, produced by the metal companies, seized in February-March by the Russia-supported militants on the occupied areas of Lugansk and Donetsk regions. In late…Details
NLMK Group, an international steelmaking company with operations in Russia, Europe and the USA, has opened NLMK Turkey, its sales office in Turkey. As part of Strategy 2017, NLMK Group is focusing its sales on key markets, including Turkey, which accounts for up to 20% of the group’s export. The opening of NLMK Turkey will…Details
In August DTEK purchased 72 thousand tons of coal, mined in Lviv and Volyn regions, up by 37%. According to the company statement, DTEK combined heat and power plants are the main customers of Lvivugol and Volynugol. Purchasing volumes depend on the energy balance in the country and the demand for electricity. Since the beginning…Details
In August prices of industrial products increased by 0.4% MoM and by 23.6% YoY.
According to the State Statistics Service, iron ore prices increased by 6.6%, coal by 6%, in metal manufacture by 2.8%.
At the same time coke prices dropped by 1.5%. (Ukrainian metal)
Russian coal exports in January-August increased by 7.8% YoY, to 122.456 million tons, the Ministry of Energy of Russia statistics showed.
In August, the commodity exports totaled 15,605,000 tons.
Coal mining in the eight-month period reached 264,301,000 tons, with 230,404,000 tons supplied. (PortNews/Ukrainian metal)
Sudan has called on companies and investors from Russia to help its mining industry to develop, Mining Minister Hashim Ali Salim said. “Sudan has discovered reserves of 35 metals, but it produces only 13. We call on all companies to invest in other metals and in production and processing of them. The doors are open…Details
Kazatomprom National Atomic Company JSC and Emirates Nuclear Energy Corporation (ENEC, UAE) have inked a Memorandum of Understanding in Astana. The aim of the memorandum is to establish mutually beneficial cooperation between Kazakhstan and the United Arab Emirates in terms of peaceful atom and energy industry. In addition, the memorandum reflects the intentions to supply…Details
The government of Kyrgyzstan and Centerra signed a new agreement on Kumtor. The document was signed by the Prime Minister Sapar Isakov and Chief Executive Officer Scott Perry. As Scott Perry noted during the ceremony, taking into account that Kyrgyzstan was in fact the largest shareholder of Centerra, the agreement was of great importance. He…Details
In August direct supplies of rolled steel to housing-construction and ferroconcrete structures manufacturing companies totaled 19.2 thousand tons, up by 2.9% MoM, but down by 15.2% YoY. According to the railroad statistics, in July the indexes were +5.2% and –30% respectively, and in June –37.2% and –3.4%. In January-August construction companies received 180 thousand tons…Details
In January-August Ukraine exported 25.78 million tons of iron ore and concentrate valued at $1.744 billion. According to the State Fiscal Service, this constituted a 6.3% share in the total exports. The largest batches of ore were shipped to China ($496.279 million, or 28.4% of the total exports), Slovakia ($192.498 million, 11%) and Austria ($191.821…Details
In January-July Kazakhstan mined 144.1 billion tenge worth of ore, up by 57% YoY. Kostanay and Karaganda regions yielded the most – 128.1%, up by 54.7% YoY, or 88.9% of the total volume, and 14 million tenge, up by 78.4%, or 9.7% of the total respectively. ArcelorMittal Temirtau was the largest contributor in both regions.…Details
Kama-Trade Tatarstan LLC, one of the leading metal suppliers, will open a service metal-processing center on EPS cleaning of metal in the city of Naberezhniye Chelny. The company has received 228 million rubles from the Fund of mono-cities development for the project. Total investments will reach 570 million rubles. By 2019 the project will have…Details
Omolonskaya Gold-Mining Company (OZRK), a part of Polymetal, has received a license to prospect a new site of the Nadezhda Ore Group in the Magadan region. The license is valid for 7 years. The site is 45 km from the Kubakinskaya gold-processing factory, belonging to OZRK. The company will start drilling in 2018. If gold…Details
Stainless steel consumption in Russia is gaining pace. For example, in H1 demand for stainless rolled metal increased by 25.7%, and had to be satisfied with imported metal. This situation will persist, as only Mechel has plans to carry our investment project in the segment of stainless and special steels. Thus the dependence of Russian…Details
In August the Obukhovskaya Mine Group (Rostov region, Russia), a part of DTEK, supplied some 105.3 thousand tons of anthracite to Ukrainian thermal power plants, slightly more than in July (103.5 thousand tons). Of this volume 88.8 thousand tons were delivered to Lugansk TPP (89.7 thousand tons in July), and 16.5 thousand tons to Pridneprovskaya…Details
In January-August the MMK Trading House sold 840 thousand tons of metal, up by 14% YoY. In particular, in August the company hit a record of monthly sales – 145 thousand tons of rolled metal, metal wares and sections. Warehouse sales increased due to the optimization of logistics and the increase of deliveries to end…Details
Under the environment program Chelyabinsk Iron and Steel Works increases iron-containing sludge processing 2-fold. This will decrease industrial wastes. Manufacturing by-products contain up to 40% of iron and can replace iron ore concentrate that the company has to buy. Previously ChMK used only the current volumes of iron-ore wastes. They were scrupulously collected with the…Details
In January-June Ferrexpo enterprises (Poltava, Yeristovo and Bilanovsky Mining and Processing Works) paid 535.7 million UAH of various taxes to local, regional and the state budgets, up by 29.4% YoY. In particular, PGOK paid 411 million UAH of taxes, EGOK – 122.1 million UAH, and BGOK – over 2.6 million UAH. Poltava GOK paid 78…Details
Energomashspetsstal will produce a batch of rolls for Mariupol Ilyich Iron and Steel Works roller conveyers. According to the company statement, the order will be carried out under the contract concluded in January. The batch will feature 20 rolls with the total weight of 69 tons. The rolls will be delivered to the customer in…Details
Uzmetkombinat will import 157 thousand tons of metal raw materials without paying customs duties. The corresponding decree “On measures to cover additional needs of the Republic in ferrous rolled metal” has been approved by the government. The government has allowed Uzmetkombinat to import 157 thousand tons of metal raw materials till January 1, 2018 without…Details
In July Turkey imported 830.2 thousand tons of rolled sheet, up by 32.3% YoY.
Hot-rolled sheet accounted for 501.9 thousand tons, up by 38.3% YoY. The largest supplier is still Russia.
In July Russia supplied 262.5 thousand tons of hot-rolled metal to Turkey. Imports from Ukraine reached 30.4 thousand tons. (Ukrainian metal)
Taras Shevchenko who earlier headed Alchevsk Iron and Steel Works has been appointed the new General Director of Metinvest’s Mariupol Ilyich Iron and Steel Works. In his new position Shevchenko will lead continued implementation of investment projects at Mariupol Ilyich, such as the reconstruction of the sinter plant and the revamp of the 1700 Hot…Details
Energomashspetsstal has passed the audit to check the readiness to produce equipment for the Finnish Hanhikivi-1 NPP. Special attention was paid to the quality management system, as well as lab quality management system. As the result of the audit carried out by Fennovoima (Finland), EMSS has been approved as the manufacturer for the NPP. (Ukrainian…Details