As of June 11, Ukraine has emptied its individual tariff quotas for the delivery of seamless pipes of stainless steel, other seamless pipes and unalloyed wire to EU. Rebars quota is 99.26% full, cold-rolled metal – 98.13%, angles and sections – 96.63%, and hollow sections – 98.54%. The wire rod quota has been 73.59% fulfilled,…Details
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“We must hear the government’s information about Kumtor before recess,” MP Kozhobek Ryspaev said at a meeting of the Parliament on June 12. According to him, there is a decree of the Parliament on monitoring the negotiations on a new agreement on Kumtor. Therefore, it is necessary to consider information of the government on the…Details
Velcom LLC, extracting gold on the territory of the Khabarovsk region, intends to obtain 50 kg of alluvial gold this season. Sands washing traditionally started in May. The company operates at one licensed site – the Bolin Brook deposit. So far 9 kg of gold has been extracted. Last year output was 60 kg. The…Details
Cherepovets Iron and Steel Works has assembled and put into operation an APR-650 coil-rewinding machine with the capacity of 650 thousand tons per year. The machine is scheduled to reach its design capacity in Q3. Over 30 jobs have been created. In May employees were trained by LDM (Italy) specialists. (Ukrainian metal)Details
Severstal shareholders have approved the payment of dividends for Q1 in the volume of 35.43 rubles per share, down by 7.5% YoY. The total amount of dividends will be 29.68 billion rubles, with Alexei Mordashov as the main shareholder (77.03%) accounting for 22.86 billion rubles. In Q1 2018 the company paid 38.32 rubles per share.…Details
Karelsky Okatysh is carrying out a number of projects to increase product quality. In particular, the company has assembled machinery for magnetic gravity separation. The technique will be tested in the concentrate and pellets manufacture. It is expected to increase iron content by 1.5% and decrease silicon content. Another project is to decrease pellets basicity.…Details
The department of the inner market protection of the Eurasian Economic Committee has published a report on the investigation of the imports of some types of rolled metal. Following the investigation the department suggests imposing a special protection measure in the form of a quota for a year to prevent considerable damage to the metal…Details
In H1 ChTPZ expects to sell over 900 thousand tons of pipe products. According to the pipe division CEO Boris Kovalenkov, the expected drop of revenue – to 88 billion rubles – will be compensated for in H2. Net debt to EBITDA ration will be 2.5-2.75. Last year ChTPZ pipe division enterprises sold 1.92 million…Details
Metinvest will invest 4 million UAH in the projects to create children development centers in Kriviy Rih. The best projects will be chosen at the business idea competition organized by the Kriviy Rig Foundation of the Future and implemented with the help of Metinvest. Each project will receive a grant of at least 300 thousand…Details
In the lead-up to World Environment Day, ArcelorMittal Kriviy Rih invited the public to its industrial facilities that were declared in the city environmental program and already reconstructed with significant environmental benefit. Environment protection specialists of Mining and Steelmaking Complex companies, the representatives of governmental entities, local government authorities of Kriviy Rih and other cities…Details
Since December 2018 Promtechpostach LLC has received a number of orders from state mine groups on the delivery of cable products valued at 113.22 million UAH. Selidovugol ordered 59.7 million UAH worth of cables, Lvivugol – 43.64 million, and Yuzhnodonbasskoye No. 1 Mine Group – 9.88 million UAH. In particular, Selidovugol will receive 65 km…Details
Ukrainian scrap collection volumes have fallen over the past year, dented by declining availability of obsolete scrap and a sharp fall in exports. Total Ukrainian scrap collection fell by 7% YoY, to 1.04 million tons in January-April, industry association UAVtormet’s president, Volodymyr Boubley, said last week. The trend continued in May amid extended holidays at…Details