Ukraine: Korea initiates AD investigation on ferro- and silicomanganese

The Korean Trade Commission (KTC) has announced its intention to initiate an antidumping investigation on ferromanganese and silicomanganese products imported from Vietnam, Ukraine and India. The move followed a petition lodged by Korean businesses namely Dongbu Metal, Simpac Metal, Simpac Metalloy and Taekyung Industrial. The period subject to investigation is between July 1, 2015 and…


Ukraine: Metinvest posts 21% rise in EBITDA in January-September 2016

Metinvest B.V. (the Netherlands), the parent company of Metinvest international vertically integrated mining and steel group, in January-September saw consolidated EBITDA rise by 21% YoY, to $989 million. According to preliminary financial results, its revenues during the reporting period fell by 15%, to $4.568 billion, while capital investment rose by 4%, to $199 million. Metinvest…


Russia: SUMZ buys new machinery

The cargo department at the railroad shop of the Sredneuralsky Copper Works, a part of UMCC, has purchased a new crane. The machinery costs around 12 million rubles. The crane will be used as a vibrounloader. It will be unloading open wagons with quartzite used in copper smelting. The old crane was built in 1965,…


Russia: Profil-Akras produces 10.7 thousand tons of steel pipes in November 2016

In November Profil-Akras Pipe Works produced 10700 tons of steel pipes and sold 9800 tons.

In particular, 2200 tons were exported, with 600 tons consumed by Europe. (Ukrainian metal)

Ukraine: UGOK output up in November 2016

In November Yuzhniy Mining and Processing Works produced 997.1 thousand tons of concentrate, up by 12.5% YoY. According to the company statement, sinter output went up by 43.1% YoY, to 169.49 thousand tons. In January-November concentrate output dropped by 2.2% YoY, to 10249.9 thousand tons, while that of sinter increased by 27.8%, to 1906.39 thousand…


Russia: rail output up in January-October 2016

In January-October rail output increased by 34.1% YoY, to 991.5 thousand tons, mostly due to the increase in Russian Railroad (RZHD) purchases. By 2030 RZHD plans to have constructed 13.8 thousand km of heavy weight transportation railroads, as well as 10.5 thousand km of high-speed railroads, which in its turn will increase cargo transportation 1.5-fold,…


Russia: metal deliveries to railroad machine-building plants down in November 2016

In November railroad machine-building plants received 100 thousand tons of ferrous metals, down by 5.7% MoM, but up by 71.2% YoY.

According to the statistics, October saw the best results for the past 2 years.

In January-November deliveries reached 766 thousand tons, up by 46.8% YoY. (Ukrainian metal)

Belarus: MMZ supplies 2700 tons of metal for NPP construction

In 2016 Mogilev Iron and Steel Works has supplied over 2700 tons of metal for the construction of the Belarus Nuclear Power Plant, up by 131% YoY.

MMZ plans to have delivered 2500 tons more by April 2017. (Ukrainian metal)

Ukraine: Mariupol Ilyich starts repairing dip-galvanizing mill

Mariupol Ilyich Iron and Steel Works has started an overhaul of its continuous dip-galvanizing mill No. 1.

“We intend to finish repairs in 20 days”, the company CEO Yuri Zinchenko said.

An automatization system will also be installed at the mill. The overhaul will decrease the spoilage in production. (Ukrainian metal)

Ukraine: metal prices up in November 2016

In November prices of industrial manufacturers increased by 2.2% MoM.

According to the State Statistics Service, in mining and quarrying price increase reached 4.4% MoM, including 10.5% in iron ore mining.

Prices in processing industry went up by 1% MoM, in particular of coke – by 3.2%, in metal manufacture – by 2.2%. (Ukrainian metal)

Ukraine: ferrous exports revenue down in January-November 2016

According to the State Fiscal Service in January-November Ukrainian metal companies revenue from ferrous metals exports dropped by 11.8% YoY, to $6625.749 million.

In November revenues from ferrous exports reached $632.86 million.

Imports in January-November totaled $732.992 million, up by 13.9% YoY, with $58.416 million in November. (Ukrainian metal)

Ukraine: DTEK losses to drop in 2016

In 2016 DTEK financial results will be negative. “We will have losses, but not that much as in the two previous years”, the company CEO Maxim Timchenko said. The losses decrease has to do with the re-evaluation of the company credit portfolio, decrease in exchange risks and world coal price rise. “This year the situation…