Each year Metinvest companies pay over 300 million UAH of environment tax to the budgets of all levels. Such a tax could become a resource for ecological improvement. And the local companies should receive the most of these payments and have the right to spend them on modernization. “And what if the local authorities decide…Details
Dmitry Firtas’ Titanoviye Investicii Company has been affected by sanctions imposed by Ukraine on Russian companies and individuals. The company was registered in June 2014 in Moscow. After the Crimea was annexed by Russia Firtas had to adapt to Russian legislation to avoid the loss of Crimean assets, so the businessman decided to move some…Details
Ural scientists have developed an innovative reagent that increases lead and zinc extraction during ore processing. It has already been tested at the deposits in Altai region, according to the UGMK scientific company Uralmekhanobr. Zinc and lead extraction using this reagent is increased by 3-7%. “We have been working on the techniques of using this…Details
Ukraine has imposed sanctions on Rusal and its offshore company Judson Trading Limited (Cyprus), according to the Presidential decree. The sanctions have been imposed following the companies’ activities, which pose a threat to the national security and prevent the stable economical development. In particular, Rusal has been accused of blocking assets, limiting trade operations in…Details
Zaporozhye Aluminum Works is still idle after a short period of work from August 31, till September 19. But it can resume manufacture of rolled wire in November if it is able to buy aluminum. According to a company representative, ZALK is negotiating purchases from China. “Chinese aluminum in Odessa ports could cost $200 per…Details
Vorgashorskaya mine of Vorkutaugol has put a new long face into operation.
The mine plans to extract 2.4 million tons of coal there, at 9.7 thousand tons per day, or 280 thousand tons per month. (Ukrainian metal)
In January-September Kuzbassrazrezugol mined 33.3 million tons of coal (including over 4.6 million tons of coking coal), up by 0.5 million tons YoY. Consumers received 29.4 million tons of coal, with exports on the level of 21.6 million tons. Local market received 7.8 million tons. Kuzbassrazrezugol processing factories have processed 29.2 million tons of coal,…Details
According to the Psychea scientific center director Gennady Ryabtsev, Ukraine might face the necessity to buy coal from the Russia-supported terrorist organizations of the so-called Donetsk and Lugansk People’s Republics, if it fails to create sufficient stocks. “Here everything is simple. If all has been though over and the stock have been formed, than there…Details
Avdiivka Coke and Chemical Works is putting into operation a new thermocatalytic afterburning machine that will decrease pollution from the tar-distilling shop. Despite the difficult situation in the area and the constant lack of electricity Metinvest goes on with its program of the works modernization. In particular, the new machine is one of the most…Details
OMK has started realizing the project of localization of imported ball valves for the gas industry with 1400 mm diameter. On the basis of its subsidiary Trubodetal OMK has created the Ural Works of Special Valve Industry. The engineering and design works and the selection of the constructor of the new shop are underway. OMK…Details
Gazprom has cancelled a tender to buy $194 million worth of large diameter pipes. The tender presupposed 7 lots to be supplied in Q4 2016 – Q1 2017. The pipes were intended for Gazprom Komplektatsia. The tender was to be held on October 19. In mid-August Gazprom held an auction on LDP purchase for the…Details
Zaporizhstal has represented Ukraine at the European Parliament of Enterprises (Brussels). Representatives of major German, French, Italian, Polish and other companies also participated in the event. Zaporizhstal’s representative was the sales director Vladimir Kolomiets. “Ukrainian economy needs a strong business. And business in its turn needs a strong and consistent governmental policy. In any successful…Details
Beginning with October 19, ArcelorMittal Kriviy Rih had to start paying for damages caused by its pollution. According to the new Tax Code of Ukraine, AMKR has to pay the following to the state: 30% to the special state budget fund (21 million UAH) and 70% to the local budget (50.4 million UAH). The latter…Details
In January-September ArcelorMittal Kriviy Rih produced 4.27 million tons of rolled metal, up by 10.8% YoY. According to the company statement, steel smelting went up by 8.8%, to 4.72 million tons, while pig iron production increased by 15.8%, to 4.52 million tons. The company also produced 7.77 million tons of sinter, 692 thousand tons of…Details
MMK-Metiz has added a new type of products to its portfolio.
According to the company statement, it has started producing square stock with 7×7 and 8×8 mm sections of 10 and 20 steel grades in rods.
Such rods are used in many industries. (Ukrainian metal)
The Ukrainian Prime Minister Vladimir Groysman will head the meeting of the Cabinet of Ministers on mining-metallurgical complex on October 24.
Metal companies have also agreed to have separate meetings with power and transport companies. (Ukrainian metal)
The council of cooperation of Gulf countries (Bahrain, Qatar, Kuwait, UAE, Oman, Saudi Arabia) has started investigation on ferrosilicomanganese imports from Ukraine.
Within 21 days of the date of the investigation start all the parties concerned have to register as participants, and within 10 days to address the council to receive the questionnaire. (Ukrainian metal)
In January-September the Siberian Coal Energy Company mined 78.9 million tons of coal, up by 15% YoY. Sales went up by 5% YoY, to 74.1 million tons. Sales on the local market remained on the last year levels. Russian consumers received 36.1 million tons of coal, with 29.2 million tons going to power plants. Foreign…Details
The department of the inner market protection of the Eurasian Economic Commission has started the second antidumping investigation in respect of some types of steel pipes, produced by Ukrainian metal companies. The investigation was initiated by Interpipe to review the individual sizes of antidumping duties due to new circumstances. The antidumping measures were imposed in…Details
In January-September Korshunovsky Mining and Processing Works mined 6 million tons of ore, up by 3% YoY. According to the company statement, concentrate output went up by 3%, to 2.1 million tons. Almost all of the products (98%) were supplied to Chelyabinsk Iron and Steel Works. Revenues increased by 13% YoY, to 6.4 billion rubles,…Details
In Q3 Evraz Sukhaya Balka decreased iron ore mining following the halt of its capacities. According to the company statement, in July-September lumpy ore mining dropped by 18.4% QoQ, to 639 thousand tons. In January-September the output decreased by 8% YoY, to 1.946 million tons. The company expects output volumes to increase in Q4. The…Details
In January-September Mechel-Service sold 1.4 million tons of metal, up by 7% YoY. In Q3 the company was able to sell some 500 thousand tons of metal. Shaped sections sales went up by 25%, pipes – by 27%, metal wares – by 20%, sheet – by 13% and strips – by 55%. “We continue keeping…Details
ArcelorMittal Temirtau plans to increase steel deliveries to Iran to 1.5 million tons. “The plan for 2016 is 1.145 million tons of hot- and cold-rolled coils, tin and sections. In 2017 we intend to increase deliveries to 1.56 million tons”, Vadim Besin, the company repairs director, noted. Iran is one of the main destinations for…Details
In Q3 Evraz Dneprovsky Iron and Steel Works drastically decreased steel smelting. According to the company statement, this had to do with using slab stocks for production. Carbon steel production in July-September dropped by 9.4% QoQ, to 264 thousand tons, while that of pig iron increased by 4.1%, to 286 thousand tons. Semi-finished product manufacture…Details