Ukraine: mining output up in May 2018

In May industrial output in Ukraine increased by 2.2% MoM and by 2.9% YoY.

According to the State Statistics Service, in January-May the industrial output grew by 102.6%.

In particular, in mining and quarrying it increased by 102%. (Ukrainian metal)

Russia: scrap deliveries to Amurmetal up in May 2018

In May, according to the railroad statistics, direct supplies of ferrous scrap to Amurmetal totaled 46.6 thousand tons.

This is higher than in April by 17.2%, and 10-fold than in May 2017.

In January-May the company received 170 thousand tons of scrap, up 4-fold YoY. (Ukrainian metal)

Russia: Rosgeologia to examine coals in Sakhalin

VNIGRIugol, a part of the state holding Rosgeologia, has begun the summer season at the Lakhskaya field in Sakhalin.

The agreement on the work was concluded in autumn 2017.

The specialists will have to examine the quality of the coal and determine its grade contents. (Ukrainian metal)

Russia: Evraz expands the capacity for the processing of railway wheels

Evraz NTMK completes preparations for launching the fifth railway wheel machining line. The line has already been assembled, and four new automated machines have been installed at the wheel shop. Currently the wheel-block robotic transport and handling equipment, chip breaker and disposal systems, a cutting-fluid management station are being mounted. Cable networks and fences that…

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Russia: MMK and AvtoVAZ developing cooperation

The AvtoVAZ delegation headed by the company president Yves Caracatzanis has visited MMK. The parties discussed cooperation issues and prospects of creating new steel grades for car industry. This is the first Yves Caracatzanis’ visit to MMK since his appointment in early June. AvtoVAZ is one of MMK’s largest partners – last year the company…

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Russia: Severstal-Metiz output and sales up in May 2018

In May the steel sections shop of Severstal-Metiz set a record of bulk output (2.923 thousand tons) and sales (over 3 thousand tons).

“Severstal-Metiz is actively developing various product routes and expanding sales markets. The quality of our products is constantly improving”, the company CEO Sergey Kovryakov noted. (Ukrainian metal)

Kyrgyzstan: Chaarat Gold proposal to acquire Kumtor not to provide benefits to Centerra

The proposal by Chaarat Gold to acquire Kumtor does not provide sufficient benefits to Centerra, CIBC analytics said. As the organization notes, analysis suggests that the proposal does not provide sufficient benefits to Centerra, given its future funding obligations, despite improving the geopolitical risk profile. According to the analytics, the sale of Kumtor will significantly…

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