Paramjit Kahlon, Chief Executive Officer of PJSC ArcelorMittal Kriviy Rih, announced the increase of the employees’ salary up to 70% from May 1. Salary increase is planned for the employees of core professions involved in production processes: – salaries below 5 000 UAH will be increased by 60-70%; – salaries in the range of 5…Details
Mariupol Ilyich Iron and Steel Works continues to develop the range of galvanized structural steel coils. In Q1 it mastered the production of zinc-coated rolled steel of SS Grade 50 according to American standard ASTM A653/A653M. This product has the guaranteed strength properties and is used for the production of formed Z-, C-, Sigma- and…Details
In June Ukrainian metal companies intend to produce 1.6 million tons of steel, 1.5 million tons of pig iron and 1.4 million tons of rolled metal, provided the situation does not change. According to Ukrmetallurgprom forecast, in May Ukraine has to produce 1.6 million tons of pig iron, 1.8 million tons of steel and 1.6…Details
Several dozen workers of a Siberian gold mine belonging to gold producer Uzhuralzoloto agreed to end their strike after a promise to increase wages, a Labor Ministry official said on May 18. “A decision to raise coefficients from 0.3 to 0.7 to rippers and to 0.5 to time workers was taken during negotiations with the…Details
Central Mining and Processing Works, a part of Metinvest, will pay 1.665 billion UAH of dividends for 2016 from 2218.888 million UAH of net profits. The dividends will be paid from June 4 through October 18. Last year CGOK increased net profit 3.2-fold YoY, to 2218.888 million UAH. Its undistributed profit in late 2016 was…Details
In January-April Ukraine decreased coking coal output by 19.4% YoY, to 2.3 million tons. According to the Ministry of energy and coal industry, power-generating coal output went up by 1.1%, to 10.8 million tons. All in all in 4 months Ukraine mined 13.1 million tons of coal, down by 3.2% YoY. As of May 1,…Details
In January-April Azerbaijan produced 372.1 kg of gold, down by 37.7% YoY.
According to the State Statistics Committee, as of May 1 gold stocks reached 3.4 kg.
Azerbaijan also produced 109.7 kg of silver, down by 5.7% YoY. As of May 1 silver stocks were 15.9 kg. (Ukrainian metal)
In January-March Russia imported 282.8 thousand tons of coated flat rolled metal, up by 9.6% YoY. This is also the highest imports volume for the last 4 years. Galvanized steel accounted for 58% of the imports, polymer-coated rolled metal – for 25.6%, the rest was tin-plate. The main supplier is Kazakhstan (44.3%, up by 60.5%…Details
In January-March Kazakhstan exported $10.8 billion worth of products, up by 30% YoY. Exports to EAEU countries increased by 39.2%, to $1.2 billion, with $1 billion on behalf of Russia (up by 36% YoY). Exports to Kyrgyzstan increased by 44%, to $97.5 million, to Armenia – 15-fold, to $165 thousand, to Belarus – 7-fold, to…Details
Gold mining companies of Amur region obtained 6.182 tons of gold in January-April. Ore gold constituted the main share. Only Priisk Solovievsky has started obtaining alluvial gold. “We see a positive dynamics this year. Gold output has increased by 1.2 tons YoY. The growth has been provided by Petropavlovsk state enterprise mines Pokrovsky, Pioneer, Malomyr…Details
Evraz has shipped 10 thousand tons of I-beams produced by Evraz NTMK for the construction of ZapSibNeftekhim works. “We intend to intensify our work in the region. The huge volumes of the project demand maximum attention and quick operation”, Evraz Metal Inprom CEO Sergey Sintsov declared. ZapSibNeftekhim is being constructed in Tobolsk, so the rolled…Details
In January-March Uchaly Mining and Processing Works, a part of UMMC, received 560.8 million rubles of net profits, down 2-fold YoY. The company earnings dropped by 1.2%, to 5.4 billion rubles, while the product cost price increased by 20.7%, to 4.1 billion rubles. Uchaly GOK sells copper and zinc concentrates. The company accounts payable increased…Details
Kabardino-Balkaria will see the construction of a new hydrometallurgical works. According to the local Ministry of industry and trade, the works with the capacity of 4 thousand tons per year will process tungsten concentrates, as well as tungsten- and molybdenum-containing products. Chemically clean tungsten oxides will be supplied to the local market. The project will…Details
In 2017 Noginsk Pipe-Section Works started producing new pipes (electric-welded pipes of 55×55 and 110×110 mm), a new mill also was put into operation (for square pipes of 15×15 and 40×40 mm and rectangular pipes of 15×60 mm). As the result now the company is capable of producing pipes from 10×10 to 120×120 mm. At…Details
Additional revenue of the budget from the scrap export duty increase to 30 euro per ton exceeded 1 billion UAH. “One billion is a very pessimistic estimate of additional income of the budget. We believed that one ton of scrap processed and sold yields 7-8-fold more than just scrap”, Ukrmetallurgprom president Alexander Kalenkov said. According…Details
Ukraine’s Cabinet of Ministers decided to resume licensing of anthracite exports in 2017 in consultation with Ukraine’s Energy and Coal Industry Ministry to overcome crisis in the energy sector linked to termination of anthracite supplies from Ukrainian government uncontrolled territories of Donbas. “The resolution is intended to provide for a balance on domestic market, prevent…Details
An American working group on the issue of coal deliveries will arrive in Ukraine.
“On May 23 the American group will come”, the minister of energy and coal industry Igor Nasalik declared.
At the same time he noted that Ukraine would not be using anthracite coal in May and June. (Ukrainian metal)
Presidential envoy to the Siberian Federal District Sergei Menyailo has urgently departed for the Zabaikalsky region, where miners began a strike on May 18, a regional information center said in a statement. The Yugo-Zapadnaya gold mine, belonging to Darasunsky Rudnik, saw 81 workers refusing to leave the mine because of alleged wage arrears for April.…Details
In January-March TMK received $42 million of net profits, up 3-fold YoY.
According to the company statement, its earnings went up by 24%, to $944 million. EBITDA grew by 15%, to $142 million.
The company net debt as of March 31, was $2.64 billion. (Ukrainian metal)
In January-April coal companies of Kemerovo region mined 77.3 million tons of coal, up by 8% YoY.
According to the regional state administration, power-generating coal output totaled 56.7 million tons, up by 10.5%, and coking coal output remained on the 2016 level (20.6 million tons). (Ukrainian metal)
A new Chetra T-40 bulldozer, produced by Chetra-Industrial Machines, has been supplied to Mikhailovsky Mining and Processing Works.
This is an exclusive bulldozer, as the company has only produced 37 of them. And they are already operating in Japan, Kazakhstan, Kemerovo region, etc. (Ukrainian metal)
In January-March Uralelectromed, a part of UMMC, decreased net profits 7.7-fold YoY, to 103.28 million rubles. The company earnings increased by 10.9%, to 6.835 billion rubles, with the manufacturing cost price up by 26.3%, to 5.479 billion rubles. The main foreign customers of UEM are Germany, Switzerland and Iran. The company share on the Russian…Details
In January-March Magnitogorsk Iron and Steel Works increased sales of cold-rolled metal by 49% YoY, to 11.9 billion rubles. According to the company statement, bars sales went up by 52%, to 12 billion rubles. The increase in both cases was due to the rise of average prices – by 46% and by 45% respectively. Galvanized…Details
Belarusian Steel Works (BMZ trademark) exported 350,000 tons of metal products via its distribution network in January-March. The export surged by 18% as against the same period of 2016 when it made up 296,000 tons, BMZ’s spokesman Alexander Olesik declared. According to him, such growth is due to better conditions on the international market. Today…Details