Ukraine: AMKR loses 217 million UAH because of Ukrzaliznytsia

ArcelorMittal Kriviy Rih has estimated its losses in January-June from the cooperation with Ukrzaliznytsia (Ukrainian Railways) on the level of 217 million UAH. “In 6 months we have lost 217 million UAH because of Ukrzaliznytsia. And Ukraine has lost 45 million UAH of taxes. Ukrzaliznytsia operation is damaging business”, the company CEO Paramjit Kahlon said.…


Ukraine: Lvivugol miners to receive 80% of October 2016 salary

On December 12, Lvivugol received 34 million UAH for products sold.

“All this money will be spent to pay salary to miners. Thanks to this money, they will be paid 80% of their October salary”, the first deputy of the Lviv regional state administration chairman Rostislav Zamlinsky said. (Ukrainian metal)

Ukraine: coal stocks up in early December 2016

On December 1-11, coal stocks at the thermal power plants totaled 1.948 million tons, up by 110 thousand tons YoY.

Of them 928 thousand tons are of anthracite coal, including 140 thousand tons at Lugansk TPP.

Gas-grade coal stocks total 1.02 million tons, with 114 thousand tons at Burshtyn TPP. (Ukrainian metal)

Russia: Dalpolymetall operation in January-November 2016

From the beginning of the year Dalpolymetall produced 36.5 thousand tons of concentrate.

According to the company statement, in November it produced 1.2 thousand tons of lead concentrate and 1.7 thousand tons of zinc concentrate valued at 221.5 million rubles.

In January-November Dalpolymetall sold 2.5 billion rubles worth of products. (Ukrainian metal)

Russia: steel exports up in January-October 2016

In January-October Russian steel exports totaled 35.563 million tons, up by 3% YoY. Exports to far foreign countries accounted for 31.127 million tons. Ferrous metals exports (apart from pig iron, ferroalloys, waste and scrap) totaled 24.131 million tons, up by 4.6% YoY. Far foreign countries imported 20.859 million tons of ferrous metals. Semi-finished carbon steel…


Ukraine: AMKR to produce 7 million tons of steel in 2016

In 2016 ArcelorMittal Kriviy Rih intends to produce 7 million tons of steel. “That’s up by 10% of the plan”, the company CEO Paramjit Kahlon said. According to him, despite the high output capacities, the company experiences difficulties with raw material deliveries. In particular, AMKR has to import coal, coke and lime, as it can’t…


Ukraine: Korea initiates AD investigation on ferro- and silicomanganese

The Korean Trade Commission (KTC) has announced its intention to initiate an antidumping investigation on ferromanganese and silicomanganese products imported from Vietnam, Ukraine and India. The move followed a petition lodged by Korean businesses namely Dongbu Metal, Simpac Metal, Simpac Metalloy and Taekyung Industrial. The period subject to investigation is between July 1, 2015 and…


Ukraine: Metinvest posts 21% rise in EBITDA in January-September 2016

Metinvest B.V. (the Netherlands), the parent company of Metinvest international vertically integrated mining and steel group, in January-September saw consolidated EBITDA rise by 21% YoY, to $989 million. According to preliminary financial results, its revenues during the reporting period fell by 15%, to $4.568 billion, while capital investment rose by 4%, to $199 million. Metinvest…


Russia: SUMZ buys new machinery

The cargo department at the railroad shop of the Sredneuralsky Copper Works, a part of UMCC, has purchased a new crane. The machinery costs around 12 million rubles. The crane will be used as a vibrounloader. It will be unloading open wagons with quartzite used in copper smelting. The old crane was built in 1965,…