The Commercial court of the Volyn region has initiated the bankruptcy procedure of the state enterprise Volynugol. The procedure started on March 2. The insolvency case was opened following the claim of the state enterprise Regional Power Grid, which itself has been in the bankruptcy procedure since December 7, 2015. The debt of Volynugol to…Details
In February deliveries of scrap to metal companies decreased by 10 thousand tons MoM, to 220 thousand tons, or the 76% of the necessary volume. Scrap stocks at the metal companies in February decreased by 15 thousand tons, to 105 thousand tons as of March 1. In January-February metal companies received 450 thousand tons of…Details
Directors of DTEK‘s enterprises, such as Komsomolets Donbasu Mine PJSC, Mospyne Coal Refining Company LLC, PEM-Energovuhillia PJSC, Skhidenergo LLC (Zuivska Thermal Power Plant), Donetskoblenergo PJSC, Tekhrempostavka LLC, Sverdlovanthracite LLC, Rovenkyanthracite LLC, Electronaladka LLC, Vysokovoltni Merezhi LLC and DTEK Service LLC, which are situated within the temporarily uncontrolled territories of Donetsk and Luhansk regions, have received…Details
The Kremlin never recommended Metalloinvest and Severstal to start supplying iron ore to the self-proclaimed Donetsk and Lugansk People’s Republics, the Russian president spokesman Dmitry Peskov declared. At the same time, according to him, Russia does everything possible to “ease the situation” on Donbass. Earlier mass media reported on the readiness of the Russian metal…Details
At present Techno Tube, a part of Special Steels and Alloys company, operates 8 pipe-welding lines, including 6 TIG lines and 2 LAZER lines. According to the SSA CEO Semen Serikov, modernization allowed the works to produce 480 tons of welded pipes in December 2016. In 2017 the company plans to start producing 500 tons…Details
In February Ukrainian metal companies decreased gas consumption by 25 million cubic meters MoM, to 175 million cubic meters. Average daily gas consumption totaled 6.3 million cubic meters, down by 0.2 million cubic meters. In January-February metal companies consumed 375 million cubic meters of gas, up by 18% YoY. Average daily consumption totaled 6.4 million…Details
On March 1-13, the average daily metal output dropped by 7-9% MoM. According to Ukrmetallurgprom, as of March 14, 17 out of 28 blast furnaces (61%), 13 out of 21 converters (62%), 7 out of 9 open-hearth furnaces (78%) and 6 out of 16 arc-furnaces were in operation. Alchevsk, Yenakievo and Donetskstal Iron and Steel…Details
The Lugansk regional customs paid 265.4 million UAH to the state budget in January-February, up by 79.6 million UAH YoY. The largest product groups generating imports are coking coal (171.7 million UAH, or 64.8% of the total import revenues), anthracite (27.6 million UAH, 10.6%) and iron concentrates (7 million UAH, 2.7%). Alchevsk Iron and Steel…Details
OMZ-Spetsstal, a part of OMZ, has concluded an agreement with the Admiralteyskie Verfy shipyard to deliver metal billets for the Project 636 Varshavyanka submarines. The company will produce billets of special steel grades with mechanical treatment. This is not the first cooperation of the two companies. Previously OMZ-Spetsstal produced and supplied forgings and sheets for…Details
On April 4, the Investment Fund of Kazakhstan will try to sell 29.77% of the Uralsk Metal Constructions and Galvanizing Works shares.
The shares are evaluated at 161.2 million tenge. This will be the starting price.
As of the date of evaluation (September 30, 2016) the works was idle. (Ukrainian metal)
Two companies – Kintero Limited and Belismo Limited (both from the Seychelles islands) have become owners of 19.3% shares of Nikopol South Pipe Works each. In particular, Kintero Limited increased its stake from 0% to 19.338041%, while Belismo Limited – from 0% to 19.337861%. The Transportno-investitsionniye technologii LLC (Kiev) has sold its 38.675721% of NTPZ…Details
The total volume of investments by Kolmar into mining and processing complexes of Ingalinsky and Denisovsky in Yakutia is estimated at 28.4 billion rubles. This is envisaged in the agreements, signed by the Corporation of the Far East Development with Ingalinsky GOK and Denisovsky GOK on March 14. The companies are involved in the construction…Details
The deputy chairman of the Russian government Dmitry Kozak suggested the major industrial groups to supply iron ore to the militants of the so-called Donetsk and Lugansk People’s Republics. In particular, Alisher Usmanov’s Metalloinvest and Alexei Mordashov’s Severstal representatives attended the meeting with Kozak. According to a source, the issue of iron ore deliveries to…Details
The Severniy Mining and Processing Works has stopped half of its pelletizing machines because of the railroad blockade of the occupied territories. “Ukrainian metal industry has dropped to the 5-year minimum, the companies have started shutting down. Dneprovsky Iron and Steel Works operates only one blast furnace, the employees have received 25% of the January…Details
The state power-generating company Centrenergo plans to import 2.5 million tons of coal through seaports starting in May. In particular, through the Yuzhny seaport it will import 1.5 million tons of coal, through Transinvest-service terminal and Chernomorsk port – 500 thousand tons each. The expected cost of the transportation services is 646 million UAH. (Ukrainian…Details
The ChTPZ group has made a trial delivery of large diameter pipes (LDP) to Africa. The company has supplied over 2 thousand meters of LDP for the Ain Sukhna Product Hub liquefied gas transportation and storing project in Egypt. The pipes with the diameter of 711.2 mm and the wall thickness of 12.7 mm made…Details
In 2016 Severstal supplied over 22 thousand tons of metal to Russian shipbuilding companies, up by 34% YoY. According to the company statement, Severstal products are used both in civil, and military shipbuilding. The company produces all the range of shipbuilding steels. Last year Severstal started producing PC F500 W strength plate with 70 mm…Details
The processing factory of the Korshunovsky Mining and Processing Works, a part of Mechel, saw the replacement of 4 magnetic separators.
“The output of the new equipment is 100-160 tons per hour. Last year we replaced 6 separators and plan to replace 4 more this year”, the factory director Dmitry Oler said. (Ukrainian metal)
The self-proclaimed Donetsk People’s Republic (DPR) has sent the first, ‘trial’, consignment of its coal to Russia.
“Today first 95 wagons of coal departed. This is a trial consignment,” DPR leader Alexander Zakharchenko said.
Zakharchenko did not elaborate on any specific characteristics of the coal supplied. (Interfax-Ukraine/Ukrainian metal)
In 2017 the Ministry of energy and coal industry expects the uranium concentrate output to increase by 21.5% YoY, or by 215.9 tons, to 1.221 thousand tons. According to the ministry statement, the forecast for 2018 is 1.501 thousand tons (up by 22.9% YoY), for 2019 – 2.48 thousand tons (up by 65.2%), and for…Details
In 2016 VSMPO-Avisma, the leader of the Russian titanium industry and the largest taxpayer of the Sverdlov region, increased net profits 1.8-fold YoY, from 14.8 billion rubles to 26.6 billion rubles. The revenues totaled 76.2 billion rubles, up by 4.9% YoY. The net profits were influenced by the growth of the dollar exchange rate resulting…Details
Yuzhny Kuzbass, a part of Mechel, has purchased a pump for coal concentrate water separation before drying valued at some 6 million rubles for its Siberia central processing factory. The new pump boasts better productivity, as it creates up to 300 cubic meters of air environment per minute, and can also decrease electricity expenses. The…Details
Evraz has paid some of its loans to a number of banks in Kazakhstan in advance. According to the group statement, it has cleared $120 million of its pre-export financing loan of $500 million, $81 million of the $125 million loan from Unicredit, and $87 of $100 million from Nordea. The Kazakhstan Bank on Development…Details
Energomashspetsstal will produce working rolls for two ArcelorMittal works. According to the company statement, it will supply 4 working rolls for hot-rolling to Belval & Differdange. According to the contract, the rolls will be delivered in Q3. Their total weight is 130 tons. For ArcelorMittal Kriviy Rih EMSS will produce 8 rolls with the total…Details