In January-August Ukraine produced 16.43 million tons of carbon steel, up by 9.3% YoY. Pig iron manufacture went up by 14.5%, to 15.99 million tons, that of rolled metal – by 8.7%, to 14.34 million tons. Metallurgical coke output jumped up by 17.6%, to 8.64 million tons, while that of steel pipes dropped by 4.8%,…
DetailsRusal announced senior staff appointments within Aluminum Division. Oleg Buts has been appointed Managing Director of Irkutsk Aluminum Smelter (IrkAZ). Prior to the appointment, Buts worked as the Director of Department for Production System Training at Production Development Directorate of Rusal. He will replace Evgeny Kuriyanov, who has been appointed Managing Director of Krasnoyarsk Aluminum…
DetailsThe President of Ukraine Petro Poroshenko attended Azovstal Iron and Steel Works operating under umbrella of Metinvest Group as part of his visit to Mariupol. At the enterprise, he had a look at the blast furnace No. 4, which is one of the most modern and environmentally friendly furnaces in Ukraine. The facility has been…
DetailsCorum Group estimates its share on the Ukrainian market of mining machinery in 2015 at 52%.
According to the company CEO Yakov Sidlyarenko, local sales in 2015 dropped by 6.6% YoY, to 72.7%.
Corum is the largest mining machinery manufacturer in Ukraine and a part of System Capital Management. (Ukrainian metal)
Shareholders of Ordzhonikidze Mine-Repairing Works have expanded the supervisory board from 3 to 4 members. According to the company statement, Alexei Polyakov, Nina Laschenko and Alexander Lebed ceased to be members of the board. They have been in the office since April 15, 2014. At the same time, deputy chairman Igor Yuzkov, owning 315.4 thousand…
DetailsIn June Metinvest EBITDA reached $119 million, down by 41.3% MoM. According to the company statement, its revenues in June totaled $559 million as opposed to $533 million in May. Metallurgical division of the company showed an upward trend. Its revenues increased from $423 million in May to $455 in June. EBITDA went up from…
DetailsIn January-July Russia increased zinc concentrate output by 39.3% YoY.
According to the Federal Service of State Statistics, in July zinc concentrate output went up by 13.3% YoY and by 16.3% MoM. (Ukrainian metal)
Energomashspetsstal has signed an agreement with the Indian steel corporation Essar Steel for the delivery of a batch of rolls for hot-rolling mills. The works has already started producing the rolls. According to the company statement, EMSS will supply 4 supporting rolls weighing 160 tons. The products will be completely treated and processed at the…
DetailsIn July Ukraine imported $17.56 million worth of manganese ore, while exports reached $0.12 million. According to the State Fiscal Service, the largest supplier of manganese ore in July was the South African Republic ($7.99 million). In January-July Ukraine imported $57.34 million worth of manganese ore, with exports on the level of $1.4 million. In…
DetailsIn July Ukraine imported $23.11 million worth of coke, while exports totaled $2.43 million. According to the State Fiscal Service, the major supplier of coke in July was Poland ($11.04 million). In January-July Ukraine imported $140.26 million worth of coke, with exports on the level of $15.52 million. In June coke imports totaled $33.59 million,…
DetailsRussian businessman Alexander Shchukin, a co-owner of holding Sibuglemet, has received controlling stakes in coal company Zarechnaya and the Yurginsky machinery plant, according to the Governor of the Kemerovo region Aman Tuleyev. Zarechnaya was established by Ukrainian businessman Viktor Nusenkis. The assets comprise four mines, an ore dressing plant, a trading unit, and a 50%…
DetailsIn July Ukraine exported $60.29 million worth of ferroalloys, while imports reached $9.58 million. According to the State Fiscal Service, the main consumer of Ukrainian ferroalloys in July was Turkey ($15.13 million). In January-July Ukraine exported $399.4 million worth of ferroalloys, with imports on the level of $48.39 million. In June ferroalloys exports reached $65.15…
DetailsRussian coal producer Raspadskaya plans to cut its capital expenditures by 8% YoY, $33 million in 2016, CEO Sergei Stepanov said. “The guidance for capex this year – on the whole, we expect $33 million, we will discuss capex for the next year at the end of this year”, he said. Stepanov also said the…
DetailsIn July Ukraine exported $71.2 million UAH of pig iron, with imports on the level of $0.03 million. According to the State Fiscal Service, the major consumer of Ukrainian pig iron in July was USA ($34.96 million). In January-July Ukraine exported $264.18 million worth of pig iron, while imports totaled $0.39 million. In June pig…
DetailsAn individual has amassed 100% of Stalkanat-Silur. According to the company statement, Bomberio Holding (Cyprus) decided to sell 52.16 million shares, and an individual became the owner of 104.33 million shares, or 100%. The individual used to posses 50.0001% of the company shares. In 2015 Stalkanat-Silur received 194.97 million UAH of losses, having increased its…
DetailsAvdiivka Coke and Chemical Works reports the railroad transportation near Avdiivka has been resumed after shelling destroyed the station. “I thank Ukrzaliznytsia for quick restoration of the railroad and electric lines. This allowed us to bring coal and take part of our coke”, said the company CEO Musa Magomedov. Earlier after the night shelling of…
DetailsIn July Ukraine exported $150.67 million worth of iron ore, with imports on the level of $5.22 million. According to the State Fiscal Service, the main consumer of iron ore in July was China ($56.9 million). In January-July Ukraine exported $967.89 million worth of iron ore, with imports at $57.16 million. In June iron ore…
DetailsIn July Ukraine imported $0.44 million worth of ferrous scrap. At the same time, no scrap was exported. According to the State Fiscal Service, the major supplier of scrap in July was Turkey ($0.26 million). In January-July Ukraine exported $40.99 million worth of ferrous scrap, while imports stood at $4.12 million. In June ferrous scrap…
DetailsDneprovsky Iron and Steel Works named after Dzerzhinsky has stopped its blast furnace No. 9 for an overhaul. According to the company statement, the furnace was halted on August 15, and the repairs will last for 25 days. In 2015 DMKD received 1389.47 million UAH of losses, having increased its net income by 17.6% YoY,…
DetailsRussian oil and gas pipe producer TMK has prepared a development strategy for its American assets in which it plans to at least keep the U.S. market share, Deputy CEO for strategy Vladimir Shmatovich said. “We see a strategic goal to at least keep the market share in the U.S. in the key segments or…
DetailsThe supervisory board of Dniepropetrovsk Metal Structures Works named after Babushkin has dismissed Elena Tarasenko from the office of acting general manager and appointed Yuri Kuzmenko general manager instead. According to the company statement, Kuzmenko has been appointed for 1 year. Tarasenko has been in her office for 12 days. Neither owns company shares. In…
DetailsEnergomashspetsstal will supply 2 supporting rolls to SAIL (Steel Authority of India Limited) in February 2017. “We will produce 2 supporting rolls weighing 246 tons. They will be produced of the billets weighing 290 tons each. The net weight of each roll will total 123 tons”, said the company in a statement. The rolls will…
DetailsThe supervisory board of Trubostal has approved of the contract with Metalika-Zuev (Moldova) for the delivery of steel electric-welded cold-drawn pipes valued at $500 thousand (12.58 million UAH) In 2015 the company received 4 million UAH of net profits, having increased its net income by 50% YoY, or by 117.29 million UAH, to 351.26 million…
DetailsThe Commercial Court of Donetsk region has prohibited the State Property Fund to give the assets of the state scientific-manufacturing enterprise Ukrmekhanobr (Dniepropetrovsk region) to other legal entities or to prevent the Mariupol Ilyich Iron and Steel Works from using them. The court has also prohibited anyone to take any decisions to prevent, stop or…
DetailsIn July Ukraine produced 1072 thousand tons of 6% bulk coke, up by 16.4% MoM, or by 151 thousand tons. In January-July coke output went up by 20.5% YoY, or by 1286 thousand tons, to 7568 thousand tons. In June Ukraine produced 921 thousand tons of coke, down by 18.6% MoM, or by 210 thousand…
DetailsIn January-June Rusal net profit dropped by 70.3% YoY, to $261 million from $879 million. According to the company statement, its EBITDA decreased 2 times YoY, to $656 million from $1.28 billion. The company revenues dropped by 18% YoY, to $3.89 billion from $4.75 billion. As of June 30, Rusal net debt stood at $8.32…
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