Donetsk business court of appeals has satisfied a counterclaim of the Specialized Anti-Corruption Prosecutor’s Office (SAPO) and ordered the business court of Zaporizhia region to hear the lawsuit of SAPO seeking the termination of the contract between the State Property Fund of Ukraine (SPF) and offshore company Tolexis Trading Limited (Cyprus), a part of Dmytro…
DetailsIn 2016 Zaporozhye vtormet received 3.972 million UAH of losses, up by 28.9% YoY. The current liabilities of the company decreased by 6.9%, to 248.501 million UAH, the company has no fixed liabilities. The total accounts receivable dropped by 6.7%, to 118.081 million UAH. The cost of the assets at the end of last year…
DetailsArcelorMittal Kriviy Rih is preparing for the overhaul of its steelsmelting mill in the open-hearth shop. “At present the open-hearth shop operates only the steelsmelting mill No. 6. The shutting down and putting of the machinery out of operation started in 1993, the open-hearth furnace No. 4 was shut down in 2011. In view of…
DetailsMetalloinvest carries on its investment program of mining transport development of its mining and processing works. According to the company statement, in March Lebedinsky and Mikhailovsky GOKs received 2 new BelAZ trucks with the lifting capacity of 220 and 130 tons, as well as a locomotive with cars. Three more trucks will be supplied in…
DetailsMetinvest and Smart Maritime Group have reached an agreement on organizing a servicing center at the SMG Kherson and Nikolayev shipyards. The new service provided to Metinvest clients will include various treating and processing of plates and sheets. According to the company statement, the possibility to buy rolled metal after primary treatment will allow Ukrainian…
DetailsRussian companies have covered 80% of needs of the local cable market. In 2016 the volume of the market exceeded 266 billion rubles, with 233 billion on account of local companies and the import share on the level of 19.3%. “This is a very good result on the background of the Russian industry. At the…
DetailsIn 2017 Drazhnik LLC plans to increase gold output to 350 kg. Last year the enterprise yielded 340 kg of gold. This year the company intends to start developing a new site in Yakutia. The company paid 1.1 million rubles for the license to work there. The gold reserves of the site are 700 kg.…
DetailsIn January Russia exported 237.3 thousand tons of aluminum, up by 1.1% YoY. According to the Federal Customs Service, raw aluminum exports to far foreign countries remained unchanged – 230.8 thousand tons, while that to CIS grew by 75.7%, to 6.5 thousand tons. In monetary terms raw aluminum exports increased by 25.5% YoY, to $388.6…
DetailsSeverstal has chosen Hanwha Techwin as the supplier of electric compressors to the Cherepovets Iron and Steel Works. Under the contract the supplier will also assemble and put the main machinery into operation. Assembly of compressors, pressure piping, as well as modernization of the cooling system are scheduled to be completed by the end of…
DetailsThe insurance group SOGAZ has won the tender to conclude the insurance agreement with the Cherepovets Iron and Steel Works, a part of Severstal. All the premises and buildings, machines and equipment, objects of unfinished construction will be insured. The total value of the insurance will be $18.67 billion. The objects will be insured for…
DetailsNLMK-Kaluga, the new generation electrometallurgical works and the largest producer of construction steel in the Central region of Russia, has produced the 4-millionth ton of steel. The works was put into operation in July 2013. It is capable of producing 1.5 million tons of steel and 0.9 million tons of rolled metal per year. “In…
DetailsGerdau Long Steel North America, Nucor, Keystone Consolidated Industries and Charter Steel have asked the US government to initiate an antidumping investigation on the carbon and alloyed steel wire rod imports from Ukraine and 9 more countries (Belarus, UK, Italy, Spain, OAE, Russia, Turkey, SAR and South Korea). According to the companies, in 2014-2016 wire…
DetailsIn January-February Electrostal produced 61 thousand tons of continuous cast billets. In January-February 2016 the company was idle and resumed operation in late February 2016. In February the company produced 30 thousand tons of billets. In 2016 Electrostal increased billet output by 8.9% YoY, to 326.187 thousand tons. Most of the products are exported. In…
DetailsThe Tajik Aluminum Company (TALCO) and the Russian aluminum giant, United Company Russian Aluminum (RusAl), have reached an amicable agreement. According to the TALCO press center, TALCO and RusAl signed an amicable agreement in Moscow on March 23. The sides reportedly accepted that there were no unresolved disputes between them. Meanwhile, a source in the…
DetailsAt the order from Evraz NTMK, Energomashspetsstal will produce working rolls for hot-rolling, axles and rims of the ball-rolling mill. The company will produce and supply 193 units of equipment with the total weight of 163 tons. The contract will be completed in Q3-Q4. In March the company also signed a contract with Evraz ZSMK…
DetailsRussian aluminum giant UC RUSAL has launched a $19.8 million rolling mill Properzi at the Kandalaksha aluminum smelter, which will produce up to 50,000 tons of value-added products, the company said in a statement on March 28. The facility will produce different types of rolled steel with diameters of 9.5-25 mm. Before the launch of…
DetailsThe ChTPZ group has delivered a batch of compressor-pump pipes for the arctic oil extraction at the Prirazlomonye deposits. The unique products were manufactured at the Pervouralsk Pipe Works. The batch includes 115 tons of sulfuretted hydrogen-resistant pipes of the high strength group with premium joints ChT-VT and ChT-VC. “The special climate conditions of the…
DetailsSeverstal has started producing immersion and bored piles of metal longitudinal welded pipes. Such piles are used in construction of infrastructure objects, as well as in the oil-and-gas industry. The company has already received the first order. 1.5 thousand piles will be delivered to Arcticgaz for construction of the oil pipeline. The first batch will…
DetailsThe State Property Fund of Ukraine intends to sell several mines this year. 5 mines are being made ready for privatization, according to the fund chairman Igor Bilous. “There are some 5 objects. The mines to be privatized are complex and economically burdened objects. There is a special law on mine privatization. They do not…
DetailsIn 2016 Yenakievo Coke and Chemical Works, a part of Metinvest, received 189.224 million UAH of net profits, up by 16.3% YoY. Its undistributed profits at the end of 2016 totaled 403.501 million UAH. The company accounts receivable increased 2.5-fold, to 3872.650 million UAH, current liabilities – by 46.3%, to 2163.738 million UAH. The works…
DetailsEvraz Sukhaya Balka is idle because of the absence of license to mine iron ore.
According to sources, as of the late March, the company still has not received all the necessary documents to resume operation.
In January-February the enterprise mined 413 thousand tons of sinter ore. (Ukrainian metal)
In 2016 Ingulets Mining and Processing Works, a part of Metinvest, received 69.264 million UAH of net losses as opposed to 3498.874 million UAH of losses in 2015. According to the company statement, its undistributed profits at the end of 2016 totaled 1234.407 million UAH. Last year InGOK increased its current liabilities by 15.2% YoY,…
DetailsIn 2016 Interpipe Dniepropetrovsk vtormet received 126.626 million UAH of profits. According to the company statement, the price of its assets at the end of 2016 reached 991.338 million UAH, current liabilities – 807.314 million UAH and accounts receivable – 650.05 million UAH. In 2015 the company decreased its losses by 19% YoY, or by…
DetailsRosszoloto, which extracts gold in the Zeysk district of Amur region, this year starts exploiting three new sites. “Last year we got some 300 kg of gold and we worked on three sites: Galchima, Dorozhny and Ozerny. Galchima has been exhausted, we haven’t submitted our license yet, as the site is being recultivated. This year…
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