Interpipe has concluded an agreement with Ukrgazbank to borrow 37 million euros. The loan will amount to 30 million euros for 5 years, while the renewable loan of 7 million will be provided for 3 years. “Intrepipe has attracted the first loan after the restructure of its debt in October 2019. The loan is intended…Details
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In January-October, Zaporozhkoks saved over 12 million UAH due to the implementation of energy saving measures. At the same time, blast furnace coke output remained unchanged at 712 thousand tons. In particular, the modernization of coke-oven batteries allowed saving 415 thousand cubic meters of gas, or 2.6 million UAH. Last year, coke output grew by…Details
As of December 1, Magadan region has yielded 46.6 tons of gold and 532.7 tons of silver. Gold output grew by 2.9 tons YoY, while silver dropped by 79.9 tons. Ore gold accounted for 28.1 tons and alluvial – 18.5 tons. (Ukrainian metal)Details
According to UAVtormet, scrap procurement in Ukraine in 2020 will amount to 2.8 million tons. In 2019, procurement reached 3.36 million tons. In January-November, Ukraine procured 2.768 million tons of scrap. 2.603 million tons were supplied to domestic market and 33 thousand tons were exported. (Ukrainian metal)Details
In January-November, Interpipe decreased steel output by 12.6% YoY, to 696.9 thousand tons. Pipes manufacture dropped by 23.3%, to 425.6 thousand tons, and railroad products – by 7.5%, to 174 thousand tons. In November, the company produced 55.6 thousand tons of steel, 37.5 thousand tons of pipes and 13 thousand tons of railroad products. Sales…Details
This year, Ingulets Mining and Processing Works has invested $67.4 million in modernization of manufacture. Among the major projects was the replacement of 40 pumps at the ore-processing factory No. 1, repair of processing and crushing machinery as well as conveyer transport. InGOK has also purchased two drilling rigs, a new EKG-12K excavator, a crusher…Details
In January-November, ArcelorMittal Kriviy Rih produced 4.1 million tons of rolled metal, down by 3.7% YoY. Steel output dropped by 14.1%, to 4.24 million tons, pig iron – by 8.8%, to 4.47 million tons, and sinter – by 9.9%, to 8.2 million tons. In November, the company produced 380 thousand tons of rolled metal, 415…Details
In January-September, Interpipe EBITDA amounted to $216.394 million, up by 8% YoY. Revenue dropped by 23%, to $660 million, and capital investments – by 34%, to $27 million. Net debt amounted to $12 million. In Q3, revenue decreased by 12% QoQ, to $192 million, while EBITDA grew by 7%, to $67 million, and capital investments…Details
In 2020, Russia registered 110 new deposits with combined gold reserves of 145.39 tons. Moreover, one large platinum deposit with reserves of 10 tons was discovered – Konder in Khabarovsk region. Alluvial gold accounts for the most part of new deposits – 95 with the reserves of 28.629 tons. 13 ore gold deposits contain 113.935…Details
Mariupol Ilyich Iron and Steel Works has just finished one of the largest environment projects in the history of the independent Ukraine – the reconstruction of the sintering factory with investments at the level of over $160 million. The reconstruction lasted for more than 7 years. The Mariupol Ilyich sinter factory is one of the…Details
The new DSP-70 complex in the Energomashspetsstal electric arc shop has carried out its 7000th smelting. The complex was commissioned in 2012. This was the last stage of the 7-year program to modernize the works. Investments in 2005-2012 exceeded $300 million. The maximum weight of an ingot produced at EMSS is 415 tons. (Ukrainian metal)Details
This year Zaporizhstal has mastered the manufacture of 8 new types of hot- and cold-rolled metal. “Next year we intend to start producing 7 more”, the company CEO Alexander Mironenko has said. In particular, Zaporizhstal has mastered the manufacture of DC01 cold-rolled coils for Marcegaglia with full correspondence to European quality standards. (Ukrainian metal)Details
On December 4-11, metal companies increased purchasing prices of scrap by 950 UAH per ton, to 6900 UAH per ton. The increase is driven by a growth of raw materials prices and improvement of the global market situation. Scrap deliveries last week amounted to 68.6 thousand tons as opposed to 64.9 thousand tons a week…Details