In 2015 Metinvest decreased investments by 54% YoY, to $285 million. “The holding carried on with its investment projects in accordance with the technological strategy”, said the company in its statement. Metal and mining divisions received 48% of investments each. Due to the conflict in the region priorities moved to the supporting projects and those…
DetailsThe Ministry of energy and coal industry supports the idea of implementing coal mining rent. “We do support this rent, but not at the moment – some time later”, said the minister Igor Nasalik. The ministry sees this idea as a way to finance profitless mines at the expense of highly profitable ones. “We take…
DetailsMariupol Ilyich Iron and Steel Works has found a way to decrease losses of air blast under low capacity or fanning. “Our specialists have found a way to decrease the minimal turbine turning frequency and steam consumption. This is also important as the blast-furnace gas becomes scarce, because of the drop in blast-furnace output. Thus…
DetailsEnergomashspetsstal will produce a batch of rolls for Steinhoff GmbH (Germany). The company has already started making billets of supporting and working rolls for cold-rolling mills. “According to the contract, in July EMSS will supply 12 rolls weighing 66.5 tons to Germany. They will be completely treated here”, said the company in its statement. EMSS…
DetailsMagnitogorsk Iron & Steel Works (MMK) is pleased to announce that on May 23, the rating agency Fitch Ratings revised the outlook on its long-term issuer default rating (IDR) to positive from stable and affirmed the IDR at ‘BB+’. In its press-release Fitch notes that the positive outlook reflects MMK’s strong financial performance which allowed…
DetailsWithin the order from Russia Khartsyzsk Pipe Works started producing large diameter pipes. The total weight of the order is around 100 thousand tons. The works, situated in the terrorist-occupied city of Khartsyzsk, belongs to Metinvest. In February it was visited by Putin’s henchman Surkov. Experts believe that the completion of this order for Russia…
DetailsIncrease of Chinese iron ore indexes has positively affected Ukrainian iron ore export prices. Average price in April was $45 per ton, up by $11.5 per ton MoM, or by 34.4%. “Ukrainian export prices in May went up by 3-7%. But we believe, that in June it will turn into a decrease of 10-15% due…
DetailsSupervisory board of Dneprometiz has appointed Anatoly Frishman, CEO of Severstal-Metiz (Russia), its chairman.
Frishman has been appointed until the next annual meeting of the shareholders.
Chief accountant deputy of the company Lilia Dubovichenko has been appointed chairman of the revision committee. (Ukrainian metal)
Kola (subsidiary of Norilsk Nickel) has decommissioned the pelletizing and roasting sector (PRS), in effect abandoning the obsolete technology used since 1960s and shifting to copper-nickel concentrate briquetting. Kola completed this work in line with Metallurgical production facilities revamping program, specifically to improve the company’s environmental performance. The shutdown of the roasting area required major…
DetailsUkraine’s EU export share accounts for 38.5%, up by some 6% YoY. At the same time its volumes in Q1 went down by 2.7% YoY. In January-April Ukraine exported $3.2 billion worth of products to EU ($3.7 billion together with services), mining and metal share was 20.5%. Iron ore, concentrate and ferroalloys deliveries decreased. (Ukrainian…
DetailsUkraine has a unique transport potential around 1 thousand kilometers long – the river Dnieper, which crosses 8 regions and has 10 ports. In 2015 volume of Dnieper transportation totaled 5 million tons, or 0.5% of the total cargo transportation in the country. Most of the cargo is transported by automobiles (74%), the rest –…
DetailsIn April Ukraine imported $7.62 million worth of manganese ore, while exports reached $0.41 million. According to the State Fiscal Service, one of the main suppliers of manganese ore to Ukraine in April was Ghana ($3.71 million). In January-April Ukraine imported $25.92 million worth of manganese ore, with exports on the level of $1.13 million.…
DetailsAs of May 19, importers of pipes to Ukraine have used up 87.04% of the annual quota for the delivery of steel seamless casing and compressor pipes with the diameter up to 406.4 mm. According to the Ministry of economical development and trade, the quota from October 1, 2015 till September 30, 2016 is 19505…
DetailsIn 2016 Ukraine will not be buying coal from the South African Republic, said the head of the Ministry of energy and coal industry Igor Nasalik. “We will stop buying coal. Under the current circumstances and taking into account our abilities, we no longer need to buy their coal”, said the minister. “Our stocks allow…
DetailsZaporozhye Titanium and Magnesium Works has chosen the auditor company Audit-finansy to conduct its 2015 financial audit for 199 thousand UAH.
The offer was accepted on May 19. The audit is to be conducted within 60 days of the agreement signing.
5 other companies offered higher prices. (Ukrainian metal)
In January-March DTEK mined 7.2 million tons of coal, up by 5.8% YoY. According to the company statement, the output rise allowed processing factories to increase coal processing and concentrate manufacture – to 5.4 and 3.4 million tons respectively. In Q1 DTEK Rovenkiantrazit, DTEK Sverdlovantrazit and DTEK Komsomolets Donbassa Mine anthracite output increased by 120.4%…
DetailsIn April bulk 6% moisture coke output in Ukraine totaled 1134 thousand tons, down by 1.3% MoM, or by 15 thousand tons.
According to Metallurgprom, in January-April Ukraine produced 4444 thousand tons of coke, up by 34.9% YoY, or by 1151 thousand tons. (Ukrainian metal)
In January-April Poltava Mining and Processing Works, a part of Ferrexpo, produced 3.85 million tons of iron ore pellets.
The company exported 3.99 million tons of pellets to Europe, Near East, Japan, China and Korea.
In 2015 PGOK received 5.79 billion UAH of losses. (Ukrainian metal)
In April Ukraine produced 6454 thousand tons of iron ore and iron ore concentrate, down by 4.1% MoM, or by 276 thousand tons. In particular, iron ore output went up by 12% MoM, or by 122 thousand tons, to 1138 thousand tons, while that of concentrate decreased by 7%, or by 398 thousand tons, to…
DetailsArcelorMittal Kriviy Rih plans to have reached the project capacity of 140 kg of pulverized coal per 1 ton of pig iron at its pulverized coal injection unit by August. “As of May 20, we plan to reach the project capacity in July”, said the company in its statement. The first trial of the PCI…
DetailsIn April Ukraine exported $152.82 million worth of flat rolled metal, with imports on the level of $39.66 million.
According to the State Fiscal Service, one of the main importers of Ukrainian flats was Russia ($22.12 million).
In January-April Ukraine exported $516.54 million worth of flats, while imports totaled $141.01 million. (Ukrainian metal)
In April Ukraine exported $187.28 million worth of steel semi-finished products, while imports reached $0.72 million.
According to the State Fiscal Service, the main importer of steel semis in April was Egypt ($52.38 million).
In January-April Ukraine exported $688.66 million worth of steel semi-finished products, with imports on the level of $3.84 million. (Ukrainian metal)
A new aluminum producing line has been opened in the Kiev region. “This is an up-to-date company capable of producing 10 thousand tons of aluminum per year”, said AMTT chairman Vasiliy Lakey. “The line is fully automated. Investments totaled 200 million UAH. We make plans to export our products as well”, he added. AMTT is…
DetailsIn April Ukraine exported $54.56 million worth of ferroalloys, while imports reached $9.87 million.
According to the State Fiscal Service, the main importer of Ukrainian ferroalloys in April was Italy ($12.51 million).
In January-April Ukraine exported $208.1 million worth of ferroalloys, while imports totaled $24.84 million. (Ukrainian metal)