Ukraine: Metinvest to invest over UAH 7 billion in the development of Kriviy Rih GOKs

In 2017 Metinvest Group is going to invest UAH 7.4 billion in Ingulets, Central and Severniy Mining and Processing Works, up 4 times YoY. By investing in GOKs the group demonstrates its commitment to ramp up production, improve product quality, cut costs, and create a comfortable working environment for its employees. Updated production equipment, overhauled…


Ukraine: AMKR thanking PM

ArcelorMittal Kriviy Rih achieved stable output in 2016 and is looking forward to further improve its performance in 2017. “ArcelorMittal Group remains committed to modernizing its operations and expanding its business in Ukraine – with plans to invest $375-400 million this year (capital and operational investments), we will help create directly and indirectly over 30,000…


Kazakhstan: raw zinc output up in 2016

In 2016 Kazakhstan produced 325.5 thousand tons of raw zinc, up by 0.5% YoY. The local demand increased by one third, to 38.7 thousand tons, while exports dropped by 3.2% YoY, to 259.4 thousand tons. The East-Kazakhstan region yielded the most of raw zinc – 325.4 thousand tons. Karaganda region produced 66 tons. The Kazakh…


Russia: Severstal to supply 100 thousand tons of steel to household appliances producers

In 2017 Severstal plans to supply over 105 thousand tons of metal products to manufacturers of refrigerators, gas ovens, washing machines, industrial packaging, etc.

The deliveries will be carried out under the already signed quarter, half-year and year contracts with companies both from Russia and abroad. (Ukrainian metal)

Russia: KMZ ferromanganese sales up in 2016

Kosogorsky Iron and Steel Works keeps increasing ferromanganese sales on the local market.

In 2016 the sales increased by 0.8 thousand tons YoY.

Deliveries to the local market and to the neighboring foreign countries reached 55.1 thousand tons, with 0.4 thousand tons exported. (Ukrainian metal)

Kyrgyzstan: salary at Kumtor up

Kumtor company increased salaries of its workers by 10% from January 1, and it will be increased by another 5% from January 1, 2018, the chairman of the Mining and Metallurgical Union of Kyrgyzstan Eldar Tadzhibaev reported. According to him, the company’s management and personnel signed a collective agreement for the next two years during…


Ukraine: Metinvest posts 2.6% rise in revenues in November 2016

The revenues of Metinvest B.V. (the Netherlands), the parent company of Metinvest international vertically integrated steel and mining group, in November 2016 increased by 2.6% MoM, to $584 million. According to the company’s preliminary unaudited consolidated financial statements in accordance with IFRS, EBITDA in November 2016 amounted to $112 million, which was slightly below this…


Russia: NLMK decreases dust emissions

The Novolipetsk Iron and Steel Works has completed the reconstruction project of the dust-suppressing system in the open warehouse in the refractory shop.

This allowed decreasing dust emissions when unloading at the warehouse by 50%, and in the refractory manufacture by 5% on the whole.

Investments into the project totaled 61 million rubles. (Ukrainian metal)