Ukraine sees the decrease in scrap procurement. In H1 scrap procurement dropped by 40% YoY. In January-June Ukraine procured 1590 thousand tons of scrap, down from 2393 thousand tons in H1 2015. The main reason for the decrease is the low local prices. As of July 1, 1 ton of scrap FOB Black Sea cost…Details
The President of Ukraine Petro Poroshenko has signed a decree, which increases the ferrous scrap metal export duty from 10 euro per ton to 30 euro. The Verkhovnaya Rada adopted the decree on April 21. The decree presupposed the temporary duty increase – for 3 years. But the President vetoed it, and returned it to…Details
Energomashspetsstal has concluded a contract to produce machinery for ISD Dunaferr (Hungary).
EMSS will produce 5 slag ladles with the volume of 11 cubic meters. The weight of the lot will be 82 tons. The products will be shipped to the buyer in November.
Energomashspetsstal has been producing slag ladles since 1987. (Ukrainian metal)
Mariupol Ilyich Iron and Steel Works has launched the first phase of Hot Strip Mill (HSM) 1700 modernization. The large-scale upgrade of rolling equipment for HSM 1700 will include installation of modern coiling equipment able to handle coils up to 27 tons. Major overhaul of Reheat Furnace No.1 will be part of the second phase.…Details
In January-July MMK sold 948 thousand tons of metal in Povolzhye region. For the company this is the second largest sales region of Russia after the Ural region. MMK supplies mostly hot-rolled metal to Povolzhye. Cold-rolled metal sales start growing. The main consumers in Povolzhye are construction and machine-building – 54% and 25% respectively. (Ukrainian…Details
In January-July Russia exported 2.03 million tons of aluminum, up by 0.3% YoY. According to the Federal Service of State Statistics, exports to foreign countries grew by 0.1%, to 1.99 million tons, while those to CIS dropped by 8.1% YoY, to 61.5 thousand tons. At the same time in monetary terms exports fell by 28.1%,…Details
Poltava Mining and Processing Works has been granted the right to trade in its shares. The decision to prohibit deals with PGOK shares was taken on November 11, 2014. The last trade at Ukrainian Stock Exchange was carried out on November 14, 2014, with share price going up by 2.65%, to 16.48 UAH. PGOK was…Details
According to the Independent miners union of Ukraine, the state owes 890 million UAH to miners, or $33.4 million. Earlier the minister of energy and coal industry Igor Nasalik claimed the debt was 355 million UAH ($13.3 million). “This is not true, as some state-run coal companies still have December 2015 salary debts. According to…Details
ArcelorMittal Kriviy Rih is updating its converter No. 6, having installed the slag control manipulator. The new equipment will decrease manufacturing expenses and improve steel quality. The manipulator was supplied by Monocon. The same equipment has already been assembled at converter No. 5. After it was put into operation the slag layer in the steel…Details
Ilyich-Stal, a part of Metinvest, has sold 29.837 thousand shares or 99.45% of Ilyichevskoye insurance company. The company had 10 deals of 2730 shares each and one deal with 2537 shares. Ilyichevskoye has been working on the insurance market of Ukraine since 2005. It has 30 licenses. In H1 the company increased payment received by…Details
The Ministry of energy and coal industry has developed a program that presupposes the reforming of the state coal industry until 2020 valued at 25.28 billion UAH. Of this sum 10.57 billion UAH will be provided from the state budget. Direct investments to cover differences between the prime cost of coal and sale price at…Details
The state enterprise Vostochny Mining and Processing Works has ordered Temp LLC transportation of uranium ore valued at 5.78 million UAH. By December the company will have to transport 45 thousand tons of uranium ore from Novokonstatninovskaya mine to Ingulskaya mine (around 55 km). Temp has been monopolizing VostGOK transportation tenders since September 2011 –…Details
The Ministry of energy and coal industry acknowledges the debt of 355 million UAH to the state miners. “Today the salary debt amounts to 355 million UAH, that’s slightly more than the monthly salary fund”, said the ministry head Igor Nasalik. In August around 400 million UAH was spent on clearing salary debts, he added.…Details
In January-June Russia produced 12.74 tons of platinum, down by 7.6% YoY. Palladium output dropped by 1.1%, to 42.34 tons.
In particular, Nornickel produced 10.35 tons of platinum and 41.36 tons of palladium, down both by 2% YoY. (Ukrainian metal)
In January-June the United Mining and Chemical Company produced 137.12 thousand tons of ilmenite, up by 2% YoY. According to the company CEO Alexander Gladushko, such a small increase can be explained by the crisis on the world market of titanium-containing raw materials. “The demand for the raw materials in the world is still low,…Details
Evraz – Dneprovsky Iron and Steel Works intends to have another competition to conduct the independent evaluation of its shares. The company welcomes all offers until September 23. In August 2014 Evraz-Ukraine held a competition to evaluate its assets in Ukraine. The winner would have had to evaluate Evraz-DMZ, Evraz – Sukhaya Balka and Evraz…Details
In January-July Russia imported 257 thousand tons of steel pipes, up by 20% YoY. According to the Federal Customs Service, CIS share increased from 108 thousand tons to 150 thousand tons. At the same time imports from foreign countries remained almost unchanged: they went up from 107 thousand tons to 108 thousand tons. In H1…Details
Azovstal has been actively developing its first stage for the pulverized coal injection system in the blast furnace No. 4, which will allow the company to stop using natural gas and decrease pig iron prime cost by $20 per ton. According to the company CEO Enver Tskitishvili, all the necessary equipment will be supplied by…Details
Metinvest Group ranks first among Ukrainian companies that have been included into Central and Eastern Europe TOP-500 list. The companies were ranked by the international audit company Deloitte based on their 2015 consolidated revenues. According to the survey, the majority of CE countries saw economic growth, and the only country whose economy shrank in 2015…Details
Energomashspetsstal has started producing a new ware – Hall’s anchor for various vessels. This is the first time that the works produces such anchors.
The first three anchors have already been shipped to the buyer.
The 10-ton anchors were tested in the steel shop. (Ukrainian metal)
Russia’s revenue from coal exports fell by 18% YoY to $4.55 billion in January-July, according to the Federal Customs Service. In physical terms, Russia’s coal exports increased by 8.3% to 89.97 million tons. Coal exports to non-CIS countries rose by 9.1% to 84.34 million tons worth $4.21 billion, a 17.6% fall in monetary terms. Coal…Details
In October-November DTEK will receive 70 thousand tons of anthracite from the South African Republic. “We plant to import coal from SAR and Poland. The first batches of gas coal (50 thousand tons) will arrive in the next 2 weeks, and we are expecting 70 thousand tons of anthracite from SAR in late October –…Details
Within the reconstruction of its pelletization factory the Central Mining and Processing Works has completed the first stage of the factory modernization. The company has put the Eirich batch-blending machine into operation. The new equipment costs 15 million UAH. The total investments into the project will reach 61 million UAH. The second stage is the…Details
Mariupol Ilyich Iron and Steel Works has started modernizing its sheet shop 1700. The shop will receive new equipment and will see some repairs. Investments this year will total 120 million UAH. The company has concluded a contract with Novokramatorsk Machine-Building Works to produce the necessary equipment. NKMZ will produce and deliver 80 million UAH…Details