Ukraine: Zaporozhogneupor to buy raw materials in Japan

Supervisory board of Zaporozhogneupor has given its preliminary consent to buy magnesite and graphite valued at 142.5 million UAH from Minmetals Japan Corporation.

The corresponding decision was taken on July 15. (Ukrainian metal)

Russia: Nornickel announces the sale of stake in the Bystrinsky project

Highland Fund, a consortium established by prominent Chinese investment funds and corporations, made payment for a share in the joint venture set up together with Norilsk Nickel to develop Bystrinsky project in compliance with the signed agreement. The payment has been made after the Russian government Commission on Monitoring Foreign Investment had approved acquisition of…


Ukraine: steel output down in June 2016

In June Ukraine produced 1830 thousand tons of steel, down by 20.7% MoM, or by 477 thousand tons.

In January-June steel manufacture went up by 10.4% YoY, or by 1168 thousand tons, to 12417 thousand tons. (Ukrainian metal)

Ukraine: Metinvest approves of new financial director

Supervisory board of the Metinvest group has appointed Julia Dankova the financial director.

Previously Dankova was the acting financial director. Alexei Kutepov, financial director since August 2013, resigned in winter 2016. (Ukrainian metal)

Ukraine: PGOK sees Germany, Austria, South Korea and Japan as priority markets

Poltava Mining and Processing Works believes that Germany, Austria, South Korea and Japan are its priority sales markets.

According to the company chairman Victor Lotous, it plans to sell 65% Fe content pellets there. Last year PGOK exported 11494 thousand tons of iron ore pellets. (Ukrainian metal)

Ukraine: coke output down in June 2016

In June Ukraine produced 921 thousand tons of 6% moisture bulk coke, down by 18.6% MoM, or by 210 thousand tons.

In January-June coke output increased by 23.4% YoY, or by 1255 thousand tons, to 6496 thousand tons. (Ukrainian metal)

Ukraine: PGOK to invest $50 million in development

Poltava Mining and Processing Works plans to invest some $50 million into development.

In 2015 the company had to stop its investment program as to the capacity increase, with the cost of maintenance projects being $50 million. This year PGOK intends to keep its investments on the level of 2015. (Ukrainian metal)

Ukraine: pig iron output down in June 2016

In June Ukraine produced 1765 thousand tons of pig iron, down by 21.4% MoM, or by 481 thousand tons.

In January-June pig iron output increased by 17% YoY, or by 1731 thousand tons, to 11927 thousand tons. (Ukrainian metal)

Ukraine: rolled metal output down in June 2016

In June Ukraine produced 1536 thousand tons of rolled metal, down by 23.3% MoM, or by 467 thousand tons.

In January-June rolled metal output went up by 11.1% YoY, or by 1086 thousand tons, to 10850 thousand tons. (Ukrainian metal)

Ukraine: domestic metal market to grow in 2016

Metinvest CEO Yuri Ryzhenkov believes in 2016 domestic metal market will grow by 10% YoY.

“Last year Ukraine saw the lowest metal consumption results in its newest history. So far the economy is idle: there is no increase in construction, or in machine-building. And these are our main metal-consuming industries”, he added. (Ukrainian metal)

Ukraine: no forecast on August 2016 metal output

Manufacturing results of July for the Ukrainian mining and metal industry will depend on the normal work of the railroad and the provision of coke and raw materials. Ukrmetallurgprom wasn’t able to forecast output results for August, but it believed that in July Ukraine would produce 2.1 million tons of pig iron, 2.2 million tons…