The board of directors of Russian metals giant Norilsk Nickel has approved a contract with Canadian engineering company SNC-Lavalin for works under a sulfur dioxide capture project for Nadezhda Metallurgical Plant, Norilsk Nickel said in a statement. SNC-Lavalin is to prepare the project design documentation until the end of 2017. The project “represents the second…Details
Month Russian market, $/t, EXW, without VAT, $1/RUR63.16* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.897* min max min max August 395 738 418 418 September 354 738 424 424 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 30.09.16 according to the National Bank of Ukraine and the Central Bank of the…Details
NLMK Group, an international steel making company with operations in Russia, the USA and EU member states, has delivered a trial batch of new high-strength hot-dip galvanized steel to the Hyundai Motor Manufacturing Rus automobile manufacturing plant in St. Petersburg. The new grade of rolled steel, designated SGRC440 and classified as high-tech steel, was previously…Details
DTEK Geroyev Kosmosa Mine Group has extracted 4 million tons of coal. Blagodatnaya and Geroyev Kosmosa mines ship the fuel to Ukrainian thermal power plants that fire thermal coal and generate electricity for hundreds of thousands of Ukrainian households. Geroyev Kosmosa Mine Group leads the country’s coal production. The miners have hit the mark of 4…Details
In 2015-2016 Ukraine hasn’t spent anything on industrial safety at state-run coalmines. The 2017-budget doesn’t stipulate any money either. “Mining output decreases, while accidents at mine increase. This year saw twice as much miners killed than last year”, the Independent Miners Union chairman Mikhail Volynets said. In early October supplies of self-rescuers to state mines…Details
Yasinovskaya-Glubokaya mine of the state enterprise Makeevugol will merge with Severnaya mine.
The director of the former becomes the director of the latter. It’s unclear what becomes with the Severnaya director.
All miners will remain employed. (Ukrainian metal)
Mariupol Ilyich Iron and Steel Works has found a way to increase productivity of its continuous-casting machines No. 1 and 2. While producing slabs the company has to adjust their width according to the order. So it has to disassemble bolt joints of collectors, where the slabs are cooled. Due to the aggressive environment –…Details
Russia’s Magnitogorsk Iron and Steel Works (MMK) plans to accumulate about $500 million in cash after its debt diminishes to $230 million in 2017 from the current $520 million, Andrei Yeryomin, the company’s director for economy, said. “This year the bulk of our free cash flow was allocated for debt redemption. After the debt has…Details
Ukrainian market, $/t, without VAT, EXW, $1/UAH25.897*
* – Ukrainian Hrivna and Russian Ruble exchange rates are as of 30.09.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)
In January-September Russian Copper Company produced 127.6 thousand tons of copper cathodes, up from 103.7 thousand tons YoY, and 115.8 thousand tons of copper concentrate (up from 111.9 thousand tons). Precious metals output went up as well: 2221 kg of gold ingots against 2049 kg and 53189 kg of silver ingots against 46607 kg. According…Details
In January-September Electrozinc (a part of UGMK) sold 3.9 billion rubles worth of products, up by 6.1% YoY. The net profits totaled 365 million rubles, up by 253 million rubles. Investments reached 132 million rubles. In January-September the company produced 49.6 thousand tons of zinc and 81.1 thousand tons of sulfuric acid, up by 18%…Details
Month Russian market, $/t, EXW, without VAT, $1/RUR63.16* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.897* min max min max August 407 587 384 384 September 372 587 318 421 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 30.09.16 according to the National Bank of Ukraine and the Central Bank of the…Details
Ukraine’s Prime Minister Volodymyr Groysman says that in the state budget for 2017 the government sets 1.8 billion UAH for mine restructuring and salary payments.
He also supports the construction of Novovolynskaya No.10 mine.
“If we can finish construction with 200-300 million UAH, let’s do it. This issue is very important”, he said. (Ukrainian metal)
Around 50 miners from Novovolynskaya mine No. 10 went on a hungry strike demanding their salary debts to be cleared. The miners haven’t been paid for 3 months. Other miners join them. They also demand to renew financing of the mine construction and the immediate arrival of the energy and coal industry minister Igor Nasalik.…Details
Month Russian market, $/t, EXW, without VAT, $1/RUR63.16* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.897* min max min max August 460 518 409 409 September 435 499 403 403 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 30.09.16 according to the National Bank of Ukraine and the Central Bank of the…Details
Pipes are among the most important steel products on the Russian market. According to TMK regional sales director Andrei Trofimov, in 2015 pipes accounted for 27.6% of the steel consumption on the local market, as opposed to 11.2% in the world on average. Pipe consumption increase is expected due to the revival of oil and…Details
Sergey Sakhnenko has been appointed the new director of the Mezhdurechensky Mining and Processing Works. According to the company statement, one of his tasks is to increase titanium ore output. He would also be responsible for certain investment projects. In January-August MGOK produced 99.4 thousand tons of products. Group DF investments exceeded 207 million UAH.…Details
Month Ukrainian market, $/t, without VAT, EXW, $1/UAH25.897* Export, Ukraine, $/t, FOB Black sea ports Export, Russia, $/t, FOB Black sea ports min max min max min max August 256 403 315 325 315 345 September 250 426 315 325 315 345 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 30.09.16…Details
This year MMK plans to increase sales by 245 thousand tons YoY, to 11257 thousand tons. The local market will receive 7144 thousand tons, with 3136 thousand tons to be exported. Hot-rolled flats sales will drop to 3048 thousand tons due to the decrease in demand on behalf of pipe manufacturers; cold-rolled metal sales will…Details
In 2017 Energomashspetsstal will supply over 150 tons of rolls to ISD Dunaferr (Hungary).
The contract for the production of 6 supporting rolls for cold- and hot-rolling mills was signed in October. Rolls will be supplied in lots, according to the agreement. (Ukrainian metal)
The supervisory board of Artemovsk Non-Ferrous Metals Processing Works has dismissed Vitaly Malykhin from the office of the chairman of the board and appointed Alexander Chistyakov instead. According to the company statement, the deputy chairman Alexander Stefan and member of the board Tatiana Golos have also been dismissed. At the same time Valery Safonov, Tatiana…Details
Palmrose B. V. (the Netherlands) has gained 94.96% of the Evraz Yuzhkoks shares.
According to the company statement, earlier its share amounted to 94.46%.
Its voting share increased from 95.71% to 96.21%.
Evraz Bagleykoks was renamed Evraz Yuzhkoks on April 28. (Ukrainian metal)
Month Russian market, $/t, EXW, without VAT, $1/RUR63.16* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.897* min max min max August 47 54 52 60 September 51 59 51 58 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 30.09.16 according to the National Bank of Ukraine and the Central Bank of the…Details
The first stage of Tajikistan Iron and Steel Works has been put into operation. The company consists of 6 shops, and has a 100-mWt substation. The works is expected to produce and process 80-120 thousand tons of minerals, increasing its capacity to 200 thousand tons per year. At first the company will produce 12-27 mm…Details