Russia: Evraz selling NMTP

Evraz is selling its stevedoring company in the port of Nakhodka – Evraz NMTP. The company has been looking for buyers of its terminals for a couple of years now. The port is a non-profile asset for Evraz, and its sale could decrease the company debt burden (net debt as of late June – $5.3…


Ukraine: VEB not Zaporizhstal shareholder

The Russian Vnesheconombank (VEB) is not a Zaporizhstal shareholder. “VEB is not our shareholder, you can look at our shareholders register”, the company CEO Rostislav Shurma answered, when asked about the VEB decision to create a separate subsidiary company containing all the metallurgical assets. When asked who owned the second stake apart from Metinvest, he…


Russia: cobalt output up in January-October 2016

In January-October raw cobalt output in Russia went up by 61.6% YoY.

According to the Federal Service of State Statistics, in October raw cobalt production increased by 18.3% YoY, but dropped by 1% MoM. (Ukrainian metal)

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Ukraine: Mariupol Ilyich CEO against Ukrzaliznytsia Polish managers

The Mariupol Ilyich Iron and Steel Works CEO Yuri Zinchenko has again severely criticized the Polish top-managers of Ukrzasliznystia and their idea to increase transportation tariffs in 2017. “The least favorable forecasts have come true. The decision to increase prices for cargo transportation next year has been officially confirmed. The tariffs will increase by 25%”,…


Russia: Kaltanskaya Factory reaches project capacity

Kuzbassrazrezugol’s Kaltanskaya Energeticheskaya Processing Factory has reached project capacity.

This is the company’s only factory that processes T-grade coal. It was put into operation in January 2015, and since then has processed 3.8 million tons of coal.

Now the factory is working at full capacity, processing 250 thousand tons of coal per month. (Ukrainian metal)