In November Yenakievo Iron and Steel Works, a part of Metinvest, started producing angles of two new sizes. The products are intended for the local market and are sold through Metinvest-SMC network. 90x90x6 mm and 40x40x3 mm angles are produced according to DSTU 2251-93/GOST 8509-93. They are used in construction and machine building. The first…Details
PJSC «MMC «Norilsk Nickel», the largest global nickel and palladium producer, reports that its Board of Directors calls an Extraordinary General Meeting of shareholders (EGM) on December 16. The Board of Directors has recommended for the EGM approval an interim dividend payment for nine months of 2016 in the amount of 444.25 rubles (approximately $6.95)…Details
Interpipe intends to increase its export sales by constructing two more railroad car wheel treatment lines. “Our goal is to increase exports sales: to Europe, USA, Mexico. We would go on investing and increasing our capacities. We have plans for at least two such stages (wheel treatment)”, the company finances and economy director Denis Morozov…Details
Zaporizhstal calls on the government to create conditions to attract investments into the river transportation infrastructure to efficiently use the river Dnepr potential. According to the company statement, there are 10 river ports along the 1 thousand km of the Dnepr, and yet only 0.5% of the total cargo in Ukraine is transported via rivers.…Details
Russian metals giant Norilsk Nickel may issue green Eurobonds to fund a $1.74 billion sulfur dioxide capture project for Nadezhda Metallurgical Plant, Artyom Pozdnyakov, head of the department for organization of financing, reported. Norilsk Nickel will work out plans for the project’s financing next year. “We will look at what instruments will be there. The…Details
PJSC «MMC «Norilsk Nickel» has signed the contract on sulfur dioxide capture project for Nadezhda Metallurgical Plant located at the company’s Polar Division with SNC-Lavalin, Canada. The Board of Directors of the company approved of the contract on November 7. The contract is divided into two phases: developing a detailed project design documentation (first phase)…Details
In uranium mining Ukraine has a number of technological and economic advantages that allow it to freely compete with other uranium-mining countries. One of the most important economical indicators of uranium ore mining is the prime cost of the technological processes. If all the factors that constitute the final cost of the uranium ore are…Details
The plant will produce a variety of metal products, among them heavy-duty grids for further production of gabion systems used for prevention and elimination of emergency situations. The projected capacity of the plant will amount to 5,000 tons of metal products per year at the first phase, with its further increase. It is expected that…Details
Steel rope and wire producer Silur in Khartsyzsk has been idle since late September. For the past 2 years the production has been stopped a couple of times. Now the employees worry that after the latest halt the operation will not be resumed. During the Silur halt its employees received 2/3 of the wages. The…Details
In January-September Russia produced 2.6 million tons of prefabricated steel construction structures, up by 1.4% YoY.
According to the Federal Service of State Statistics, in September steel structures output went up by 3.7% YoY and by 2.2% MoM. (Ukrainian metal)
Evraz Dneprovsky Iron and Steel Works has finished tests and put the dust control system at its blast furnace No. 3 into operation.
According to the company statement, the system has already allowed to decrease emissions by 70%.
Investments in the project totaled 2.3 million UAH. (Ukrainian metal)
Izhstal (a part of Mechel) has finished capital repairs of its electric arc furnace used to smelt complex-alloyed, stainless and high-speed steels. “This furnace makes high-marginal products, so we pay special attention to its state. We have plans to increase its efficiency, and we will implement them in future”, Izhstal executive director Sergey Kozennov said.…Details
During the 2016 navigation Cherepovets Iron and Steel Works shipped around 4 million tons of metal products. In particular, the works shipped 1.64 million tons of rolled metal, up by 0.14 million tons YoY, 1.4 million tons of fluxes (on par with 2015), 0.5 million tons of slag (flat) and 0.4 million tons of scrap,…Details
In January-October Korshunovsky Mining and Processing Works (a part of Mechel) increased iron ore concentrate deliveries to the local market by around 25% YoY, to 2.3 million tons. Iron ore mining went up by 4.5% to 6.8 million tons. Concentrate output increased by 1.2%, to 2.3 million tons, all YoY. Last year KGOK exported one…Details
Ukrainian Railways have concluded 4 contracts with Interpipe for the delivery of the rough rims for its railroad stock valued at 9.34 million UAH. This year Interpipe has to supply 549 rims (1060x143x98 mm) valued at 14.19 thousand UAH a piece on average. It should be noted that in October Lviv Locomotive Repair Plant ordered…Details
The government of the Republic of Bashkortostan and the Bashkirskaya Med have signed an agreement on state support of the mine construction at the Yubileynoye deposits. The construction has been included into the list of priority investment objects of the republic. The government will grant tax preferences, while the company will invest 40.4 billion rubles…Details
In January-September Bauxite Timana (a part of Rusal) mined 2.39 million tons of bauxites, up by 4.9% YoY.
In Q3 the company mined 911 thousand tons, up by 13.6% QoQ. (Ukrainian metal)
In January-September Rusal received $534 million of net profits, down by 35.3% YoY.
Rusal’s revenues dropped by 12.7% YoY, to $5.95 billion.
EBITDA went down by 37% YoY, to $1.07 billion.
Sales increased by 4.9% YoY, to 2.89 million tons. (Ukrainian metal)
In 2016-2017 Vostochny Mining and Processing Works intends to keep the last year levels of uranium concentrate output – 1 thousand tons. “We don’t have decreases in output, nor, unfortunately, increases. We’re keeping it flat and the expected volumes this year are around 1 thousand tons”, the company CEO Alexander Sorokin said. An increase in…Details
Kharkiv Works of Materials-Handling Equipment has supplied a claw crane to ArcelorMittal Kriviy Rih warehouse. According to the company, the crane lifting capacity is 16 tons. “Such a crane is a very expensive machinery, but it is necessary to ensure timely delivery of metal”, AMKR reconstruction and development department deputy director Sergey Nevroda said. (Ukrainian…Details
In October Zaporozhogneupor increased molded refractories output by 20% YoY and non-molded – by 37%. According to the company statement, chamotte wares production went up by 10%, that of magnesia wares – by 16%, of high-aluminous wares – by 117% and of refractory concretes and masses – by 90%. In particular, in October Zaporozhogneupor produced…Details
Ukrzaliznytsia has finished reconstruction of the railroad route Kamysh-Zarya – Volnovakha. Now 23 pairs of cargo trains and 4 passenger trains will use it every day. This will allow Mariupol metal companies to increase output. According to Metinvest, Ukraine was losing some $1 billion of revenues per year because of the damaged railroad infrastructure. (Ukrainian…Details
Russian market, $/t, EXW, without VAT, $1/RUR63.16*
* – Ukrainian Hrivna and Russian Ruble exchange rates are as of 30.09.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)
According to recently released data by the Russian Trade Statistics, pig iron exports by Russia during the month of July this year dropped significantly when compared with the exports during same month a year before. Also, the exports were down sharply when matched with the month before. Russia’s pig iron exports totaled 230,000 tons in…Details
Russian metals holding Metalloinvest plans to make an initial public offering (IPO) and is waiting for a good market environment, a spokesman for the company reported. “Metalloinvest is procedurally ready for the IPO in many respects and the degree of readiness will be even higher after the completion of the shareholder capital reorganization. The iron…Details
The key investment project of NLMK Group’s Strategy 2017 – the construction of a pelletizing plant at Stoilensky, – has been recognized as the 2016 Event of the Year in the Russian steel industry. Experts announced their findings at the Metal-Expo’2016 international exhibition. Konstantin Lagutin, NLMK Group’s VP for Investment Projects, received the winner’s diploma…Details