U.K.-based mining giant Evraz, which operates mainly in Russia, expects its net debt to earnings before interest, taxes, depreciation and amortization (EBTIDA) ratio to fall to below 3x in January-June from 3.1x as of the end of 2016, president Alexander Frolov said in a conference call. Evraz’ dividend policy stipulates that the company may pay…Details
Evraz is in the process of selling its Evraz Yuzhkoks Works, uniting Bagley and Dneprodzerzhinsk coke and chemical plants. “The conclusion of the transaction requires several conditions, which the sides cannot fully influence”, Evraz said. According to the company, the payment of assets will be made by installments by August. Apart from the two coke…Details
Azovstal Iron and Steel Works planned to increase output in 2017 by 0.8-0.9 million tons, to 4.2-4.3 million tons, but because of the trade blockade of the occupied territories it revaluated the forecast to 3.15 million tons. “If the situation persists and we still operate under the blockade regime, we might not even reach 3…Details
Russia suggests creating an OPEK-like international organization in the aluminum industry. “This is just a suggestion. But we would like this organization to function with direct government participation and state representatives. For the first stage even an association will be enough. The main thing is that all the countries, which are major manufacturers and exporters…Details
Avdiivka Coke and Chemical Works has coal enough for 13 days of operation. “At present only two out of four coking shops are operating”, the company CEO Musa Magomedov said. According to him, the situation with heating in the town is normal, as the works supplies it. “The shelling and shooting is actively carried out.…Details
In January Dneprospetsstal produced 20.29 thousand tons of steel, down by 5.1% MoM.
At the same time, rolled metal output increased by 4.1% MoM, to 14.17 thousand tons.
The total cost of products manufactured in January reached 619.9 million UAH, up by 7.3% MoM. (Ukrainian metal)
In February Zaporizhstal produced 254.3 thousand tons of pig iron, 293.3 thousand tons of steel and 247.1 thousand tons of rolled metal. According to the company YoY decrease has to do with the blast furnace No. 3 being shut down in November 2016 for a large-scale overhaul. The company invested 1.5 billion UAH in the…Details
In January Russia transported 5.9 million tons of ferrous metals via its railroad network, up by 7.3% YoY. The key importers, which increased volumes, were Turkey (up by 25% YoY), Taiwan (up by 10%) and the USA (up 1.5-fold). At the same time Italy decreased imports by 15%. In the short term ferrous metals exports…Details
In January raw magnesium production increased by 7.3% YoY and by 1.4% MoM.
According to the Federal Service of State Statistics, magnesium alloys output went up by 21.5% YoY, but dropped by 35.5% MoM. (Ukrainian metal)
The Sredneuralsk Copper Works, a part of UMMC, has assembled a centrifugal casting machine and two induction melting furnaces with the capacity of 1 ton each at its non-ferrous castings site. The size of the site, which is situated in the repairs premises, is 400 square meters. The company has also purchased two casting ladles…Details
TUV has audited the welding processes at the Zagorsky Pipe Works.
Technological welding processes and pipe repairs have been certified according to EN ISO 15614-1.
The welders have been certified according to ISO 9606-1. (Ukrainian metal)
As the result of the coal blockade of Donbass Ukraine could lose some $3.5 billion of revenues a year, as well as 75 thousand jobs and 4 billion UAH budget revenues. According to the Ukrmetallurgprom president Alexander Kalenkov, the blockade also affects energy and metal systems of Ukraine. The local metallurgical complex is a single…Details
After the coal deliveries from the temporarily occupied regions of Donbass have been blocked, Ukraine has only two countries from which to buy it – USA and Russia, and the latter has just increased its price by 37%. “At first Avdiivka Coke and Chemical Works was shut down following the shelling, then people blocked the…Details
Enterprises of DTEK private energy holding located on the territory of Donbass temporarily uncontrolled by Ukrainian authorities have been working and will work within the framework of Ukrainian legislation, DTEK Director General Maksym Timchenko said. “The company has been working and will continue to work exclusively within the framework of Ukrainian legislation,” he said. According…Details
In 2016 Severstal supplied 350 thousand tons of metal to Russian and foreign car-producers in Russia. “The decrease in demand on the Russian automobile market in 2016 totaled 2%. Still Severstal was able to increase its deliveries by 12% YoY. The growth was mostly achieved by substituting high quality imported steels”, Severstal Russian Steel sales…Details
In 2016 Russia produced 10.3 million tons of steel pipes, down by 9% YoY. According to the Fund on development of pipe industry, consumption dropped by 10%, to 9.7 million tons. The main reason is the decrease in demand for large diameter pipes. Last year it decreased by 35% YoY, to 2.14 million tons. On…Details
Mariupol Ilyich Iron and Steel Works evaluates its daily losses from the Donbass railroad blockade at 4 million UAH. “We have already lost 30% of coke, or 46 thousand tons, 70% of flux limestone, or 80 thousand tons, for our normal operation. The sinter factory no longer receives coal. Our company looses some 4 million…Details
The blocking of coal deliveries from the uncontrolled territories of Donbass could result in the necessity to import 9 million tons of anthracite and it’s getting more expensive by 30% on world markets, DTEK CEO Maxim Timchenko believes. “This is a forced necessity for Ukraine to go to foreign markets to buy anthracite. And this…Details
Gold production in Russia in 2017 will grow by 2-2.5%, to 304-305 tons, according to the Union of gold-miners of Russia. The union expects the average price to hit $1.27 thousand per 1 gold ounce. “Under the expected cross-rate of the ruble to the dollar at 57-65 rubles per dollar, we believe the ruble price…Details
Alexei Tolstikov, the manufacturing director of Chelyabinsk Iron and Steel Works, has been named Engineer of the Year and included in the registry of the best engineers of the country. Tolstikov received the silver medal of Metal-Expo-2015. His engineering inventions allowed the company to save over 100 million rubles. He was appointed to his latest…Details
In 2016 Azerbaijan imported 291.1 thousand tons of steel, up by $4%, valued at $176 million. According to the State Statistics Committee, ferrous metals bars imports dropped by 63.1%, to 97.73 thousand tons at $43.6 million, ferrous angles – by 39.2%, to 28.39 thousand tons at $20.4 million, and ferrous pipes – by 53.9%, to…Details
The Zhitomir District Administrative Court has cancelled the order of the Korosten regional state administration chairman on the approving of the detailed plan of territory for the mining and processing works at the Stermigorod apatite-ilmenite deposits. In October 2013, the administration chairman granted Valki-Ilmenit the right to develop the detailed plan of the territory. In…Details
Fitch Ratings has upgraded Ferrexpo Plc‘s Long-Term Issuer Default Rating (IDR) to ‘B-‘ from ‘CCC,’ reads a report on the rating agency’s website. “The outlook is stable. Ferrexpo Finance Plc’s senior unsecured rating was upgraded to ‘B-‘ from ‘CCC’. The Recovery Rating on the senior unsecured rating is ‘RR4’. Ferrexpo’s Short-term IDR was upgraded to…Details
The minister of energy and coal industry has told the chairman of the Independent Miners Union in Lisichansk Edward Vsevolodsky, that the ministry would without doubt clear all the Lisichanskugol miners salary debts. The minister vowed to clear debts in a couple of days. The state owes Lisichansk miners 70 million UAH. The debts originated…Details