The Russian Railroads wants to increase coal transportation tariff next year due to the high increase of its price in the last three months. The company reported this at the meeting with the Transport Vice Prime Minister Arkady Dvorkovich. Coal started to grow in price in August, since then the coking coal price almost tripled,…Details
Salary debts at state mines have exceeded 800 million UAH. According to the Independent Miners Union of Ukraine chairman Mikhail Volynets, the unions demand 4.6 billion UAH in the 2017 budget to support the state coal sector, which will at any rate allow paying wages in time. But this money will not be enough to…Details
Shareholders of Dniepropetrovsk Iron and Steel Works named after Komintern (Kominmet) have dismissed the board, having chosen Petr Kozak the general manager for a year. They have revoked all the members of the board, including the chairman Oleg Botyuk. The supervisory board and revision commission members have also been dismissed, including Alexander Butskikh (owns 19.7787%…Details
In January-September Russia exported 2.3 thousand tons of stainless steel rods valued at $7 million, up 1.6 times and by 28.4% YoY respectively. Nickel content in steel doesn’t exceed 2.5%. Some 48% of the products were exported to Ukraine, up 2 times, at $3422 per ton. Belarus imported 20% of the products, up by 0.7%…Details
In January-September Russia produced 214.12 tons of gold, down by 1.4% YoY.
Silver output totaled 800.32 tons, down by 9.4% YoY.
In January-October Russia produced 57.7 million tons of steel and 49.8 million tons of ferrous rolled metal, down by 0.9% and 1.5% YoY respectively. According to the Federal Service of State Statistics, in October steel output went up by 2% YoY and by 4.1% MoM. Rolled metal output increased by 0.3% YoY and by 1.3%…Details
In January-September Ukrainian market received 3 million tons of rolled metal (without pipes), up by 20.8% YoY. With pipes deliveries total 3.33 million tons. In the reporting period Ukraine imported 0.48 million tons of metal, or 16.1% as opposed to 13.6% in January-September 2015. The growth trends over January-September have been observed in beams (up…Details
The net profit of Russian oil and gas pipe producer TMK dropped by 80.7% QoQ to $11 million in July-September, as calculated under International Financial Reporting Standards (IFRS), the company said. Revenue fell by 3.6% to $822 million, and gross profit decreased by 13.6% to $165 million. Adjusted earnings before interest, taxes, depreciation, and amortization…Details
Metalloinvest has concluded long-term contracts for the delivery of hot-briquetted iron to Magnitogorsk Iron and Steel Works (MMK), Tube Metal Company (TMK) and the ChTPZ group. Metalloinvest will supply 570 thousand tons of HBI: 200 thousand tons to MMK, 220 thousand tons to TMK and 150 thousand tons to ChTPZ. “These are the first long-term…Details
In January-September Donetsk region (without the antiterrorist operation zone) earned $2542.1 million from exports, down by 11.9% YoY. The region exported products to 101 countries. In particular, ferrous metals exports accounted for 76.3% of the total volumes. The regional companies exported $1.9 billion worth of ferrous metals, down by 10.6% YoY. Ferrous metal wares exports…Details
Energomashspetsstal has concluded agreements for the supply of forming rolls for ArcelorMittal iron and steel works in Spain and Romania. According to the company statement, two rolls for the cold-rolling mill will be produced for AM Sagunto SL (Spain), which processes rolled sheet for car industry. Rolls weighing 80 tons will be completely treated by…Details
Sergey Likhopud, who headed the department of legal matters in Severstal Management, has been appointed the general director of Vorkutaugol. “Sergey Likhopud became the director in a complex time. We have difficult tasks. I hope his knowledge and experience will lead the company out of the crisis situation”, Severstal BD chairman Alexei Mordashov said. (Ukrainian…Details
The Ministry of energy and coal industry of Ukraine is giving documents of Krasnolimanskaya state enterprise to the State Property Fund. According to the ministry decree, the department of corporate and property rights has to transfer the documents within 1 week. In 2015 Krasnolimanskaya mined 641.7 thousand tons of coal, down by 30.9% YoY. In…Details
The minister of energy and coal industry of Ukraine Igor Nasalik visited Severodonetsk in Lugansk region and met with the state regional administration. Nasalik said that the regional mines would receive financing of 1 billion UAH under government guaranties. “I have come to the Lugansk region to help. I want to see the situation at…Details
Three Cyprus-based companies, affiliated with Interpipe, have purchased 19.3% Nikopol South Pipe Works shares each from Transportno-Investitsionnye Tekhnologii LLC. The TIT LLC share decreased from 96.689302% to 38.675721%, while the share of Plamsted Limited increased from 0.000027% to 19.337914%, that of Wolbert Company Limited – from 0% to 19.33786%, and of Kamset Holdings Limited from…Details
In January-October Krivoy Rog Iron Ore Industrial Complex produced 4.13 million tons of iron ore, down by 10.8% YoY. According to the company statement, in October KZhRK produced 449 thousand tons of ore, up from 440 thousand tons in September. In 2015 the company produced 5.46 million tons of iron ore, down by 6.7% YoY.…Details
Cherepovets Iron and Steel Works continues its autumn repair campaign.
In particular the company has finished the overhaul of its sintering machine No. 4.
Severstal Russian Steel spent 40 million rubles on repairs. (Ukrainian metal)
Yenakievo Iron and Steel Works is facing complete halt because of Ukrzaliznytsia. “EMZ that has just finished its blast furnace No. 5 repairs might not put into operation, and that’s some 45 thousand tons of pig iron or $20 million of revenues in November”, Ukrmetallurgprom chairman Alexander Kalenkov said. According to him, the works is…Details
On November 15, Daryal put its second line of flux-cored wire into operation. “We have put all our newest techniques and developments into the line. We hope it will allow us not only to increase output, but also to meet the requirements of the most demanding consumers, among them the largest iron and steel works…Details
The Kremenchuk Steel Works plans to resume operation on December 5 and start producing railroad car casts. According to the company director Victor Samusenko, in 2017 Ukraine will need some 14 thousand car sets. “We are prepared for this. That is why the company resumed operation”, he said. Samusenko believes the company products will be…Details
The Russian government will unlikely hold an auction for the Sukhoi Log gold deposit in the Irkutsk region this year, Natural Resources and Environment Minister Sergei Donskoi reported. “A decision has not been made, and I would like to say officially that the auction will not most likely take place this year”, he said. In…Details
According to the company statement, the weight of the equipment totaled 71 tons.
The contract was concluded in July. All the parts will be supplied by year-end. (Ukrainian metal)
The Ternovskoye Mine Group has put a new long face into operation.
788 thousand tons of coal will keep the local miners busy until January 2018.
The length of the face is 280 meters. The average daily output is estimated at 2 thousand tons. (Ukrainian metal)
In January-September Koks, a part of Industrial-Metallurgical Complex, produced 2.12 million tons of bulk coke, up by 3%. During the whole year the company coking batteries have been 100% loaded, IMC strategy and communications vice-president Sergey Frolov said. Coking coal output at IMC mines decreased by 7% YoY, to 1.45 million tons, due to repair…Details