Poltava Mining and Processing Works has decreased gas consumption by 33%, or by 5 million cubic meters, to 10 million cubic meters.
According to the company chairman Victor Lotous, PGOK used sunflower seed husks instead of gas to make pellets. This allows the company to save some 50-60 million UAH annually. (Ukrainian metal)
In June Nikopol Ferroalloy Plant produced 51 thousand tons of silicomanganese, down by 17.3% MoM, or by 10.7 thousand tons, to 51 thousand tons. According to the Association of Ukrainian Ferroalloy Producers, its ferromanganese output dropped by 45.8% MoM, or by 2.7 thousand tons, to 3.1 thousand tons. In January-June NZF produced 334.5 thousand tons…
DetailsIn June Zaporozhye Ferro Alloys Plant produced 24.5 thousand tons of ferroalloys, down by 1.2% MoM, or by 0.3 thousand tons.
According to the Association of Ukrainian Ferroalloy Producers, in January-June ZZF decreased ferroalloys output by 12% YoY, or by 18.5 thousand tons, to 135.1 thousand tons. (Ukrainian metal)
The preparation to put the second section of Avdiivka Coke and Chemical Works into operation, started on July 21, was stopped because of another shelling. On July 21, the company CEO Musa Magomedov informed that 2 damaged electricity lines were repaired. This allowed Avdiivka Coke to start preparing the second section of the works for…
DetailsIn June Ukraine exported $146.95 million worth of long rolled metal, while imports reached $12.3 million.
According to the State Fiscal Service, the main importer of long rolled metal in June was Russia ($23.78 million).
In January-June long rolled exports totaled $821.4 million, with imports on the level of $68.41 million. (Ukrainian metal)
On July 15, ArcelorMittal Kriviy Rih dismissed Davinder Chugh from the office of the supervisory board member.
According to the company statement, Chugh has been in this office for 2 years and has resigned. (Ukrainian metal)
Supervisory board of Zaporozhogneupor has given its preliminary consent to buy magnesite and graphite valued at 142.5 million UAH from Minmetals Japan Corporation.
The corresponding decision was taken on July 15. (Ukrainian metal)
Metinvest reports on difficulties working on the Customs Union market due to the cancellation of zero duties on Ukrainian metal products. “Even where there is no antidumping duties we have to pay 5% import duties. This makes it harder to work, but still we have a strong distribution trade company in Russia and Belarus. We…
DetailsHighland Fund, a consortium established by prominent Chinese investment funds and corporations, made payment for a share in the joint venture set up together with Norilsk Nickel to develop Bystrinsky project in compliance with the signed agreement. The payment has been made after the Russian government Commission on Monitoring Foreign Investment had approved acquisition of…
DetailsIn June Ukraine produced 1830 thousand tons of steel, down by 20.7% MoM, or by 477 thousand tons.
In January-June steel manufacture went up by 10.4% YoY, or by 1168 thousand tons, to 12417 thousand tons. (Ukrainian metal)
The head of the so-called Donetsk People’s Republic Zakharchenko has decided to temporarily administrate the Donetsk Electrometallurgical Plant and create Yuzovka Iron and Steel Works on its basis, with all DEMZ assets given to the new company. Now Mechel faces the risk of losing control over DEMZ. The company is studying the situation and will…
DetailsSupervisory board of the Metinvest group has appointed Julia Dankova the financial director.
Previously Dankova was the acting financial director. Alexei Kutepov, financial director since August 2013, resigned in winter 2016. (Ukrainian metal)
Poltava Mining and Processing Works believes that Germany, Austria, South Korea and Japan are its priority sales markets.
According to the company chairman Victor Lotous, it plans to sell 65% Fe content pellets there. Last year PGOK exported 11494 thousand tons of iron ore pellets. (Ukrainian metal)
In June Ukraine produced 921 thousand tons of 6% moisture bulk coke, down by 18.6% MoM, or by 210 thousand tons.
In January-June coke output increased by 23.4% YoY, or by 1255 thousand tons, to 6496 thousand tons. (Ukrainian metal)
The Kiev Commercial Court of Appeals has refused to review the lawsuit on the return of the Zaporozhye Aluminum Works to the state ownership. The court has left without satisfaction the claim of Velbay Holdings Limited (Cyprus) to review the decision of the Kiev Commercial Court of March 22, 2012, due to the new conditions.…
DetailsThe repairing team of DTEK has restored two of the four electric lines feeding Avdiivka Coke and Chemical Works. Because of the military activities 2 of the 4 lines were cut on June 8 and 29, and the remaining 2 lines – on July 20. From that day the company worked on its own generators.…
DetailsAs of July 12, importers of the 406.4 mm diameter seamless casing pipes to Ukraine used 87.04% of the quota. According to the Ministry of economical development and trade the quota from October 1, 2015 till September 30, 2016 totals 19505 tons. So far licenses for the amount of 17031 tons of have been given,…
DetailsIn June Ukraine produced 6336 thousand tons of iron ore and concentrate, down by 3.3% MoM, or by 215 thousand tons. In particular, iron ore output dropped by 2.8% MoM, or by 31 thousand tons, to 1080 thousand tons, while that of concentrate – by 3.4%, or by 184 thousand tons, to 5256 thousand tons.…
DetailsPoltava Mining and Processing Works plans to invest some $50 million into development.
In 2015 the company had to stop its investment program as to the capacity increase, with the cost of maintenance projects being $50 million. This year PGOK intends to keep its investments on the level of 2015. (Ukrainian metal)
In June Ukraine produced 1765 thousand tons of pig iron, down by 21.4% MoM, or by 481 thousand tons.
In January-June pig iron output increased by 17% YoY, or by 1731 thousand tons, to 11927 thousand tons. (Ukrainian metal)
In June Ukraine produced 1536 thousand tons of rolled metal, down by 23.3% MoM, or by 467 thousand tons.
In January-June rolled metal output went up by 11.1% YoY, or by 1086 thousand tons, to 10850 thousand tons. (Ukrainian metal)
AzovElectroStal has reelected Alexei Popov the general manager of the company. According to the company statement, his office has been prolonged from July 14 for a year. On July 9, AzovElectroStal has dismissed Yuri Serdyuk from the office of the general manager. Previously Popov worked as the finance director deputy, chief economist of Azovmash. In…
DetailsRusal, one of the world’s largest aluminum producers, has signed an agreement to sell 100% in the bauxite and alumina complex Alpart in Jamaica to Chinese state industrial group JISCO, the company said in a press release. The cost of the transaction amounts to $299 million. The deal is undertaken within the program of Rusal’s…
DetailsSince July 19, the throughput of the Kamysh-Zarya railroad route has dropped from 14 cargo trains per day to 9. “The reason isn’t something new – the lack of fuel”, said the Azovstal CEO Enver Tsikishvili. The works has to help railroad again – it provided 33 tons of fuel. “But that will be enough…
DetailsIf the port duties are brought in correspondence with the world practice, Metinvest will be able to increase output at its GOKs. “We have addressed the Ministry of infrastructure and the Cabinet of Ministers on this issue. We hope that Ukrainian port duties will correspond to the world practice, thus enabling us to increase output,…
DetailsTwo of the 4 working electricity lines, feeding Avdiivka and the Avdiivka Coke and Chemical Works, were damaged by shelling. “The city is left without light and water, we’re working at lowest capacities”, said the company CEO Musa Magomedov. DTEK energy engineers asked the military to provide them with the green corridor to make repairs.…
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