Ukraine: Yenakievo Coke appoints new chairman

Shareholders of Yenakievo Coke Plant have dismissed Vitaly Litovka from the office of the supervisory chairman and appointed Vitaly Romansky instead.

According to the company statement, Romansky was the financial director of the plant. Shareholders have also reelected Alexander Mironenko, Oleg Gres, Ivan Avramov and Dayana Ivanyushenko members of the supervisory board. (Ukrainian metal)

Ukraine: Evraz Bagleykoks reelects CEO

Shareholders of Evraz Bagleykoks have reelected Sergey Burilin the company CEO. According to the company statement, he has been reelected for 1 year. The shareholders have also dismissed Palmrose B. V. (the Netherlands) and Dmitri Furmanov from the supervisory board and appointed Alexander Rybalko (representative of Palmrose B.V.), Lyudmila Garmash and Dmitry Skotarenko instead. (Ukrainian…


Ukraine: KVV Group co-owner arrested

A Kiev court has arrested the co-owner of a major scrap procurement and processing complex KVV Group Yevgeny Kazmin on the request from the State Security Service. Kazmin is suspected in financing activities connected with the changing of the country borders and the state border of Ukraine. Kazmin oversees construction of housing in the Russia-annexed…


Ukraine: NZF ends 2015 with losses

In 2015 the largest ferroalloys producer – Nikopol Ferroalloy Plant received 8.47 million UAH of losses.

According to the company statement, its net income increased by 31.65% YoY, or by 2.51 billion UAH, to 10.45 billion UAH. (Ukrainian metal)

Ukraine: scrap exports down in April 2016

In January-April Ukraine exported 94.02 thousand tons of ferrous scrap metal, down by 76.9% YoY.

According to the State Fiscal Service, export revenues reached $16.84 million, down by 83.3% YoY. At the same time, in April Ukraine exported 82.47 thousand tons of scrap, with only 11.54 thousand tons in Q1. (Ukrainian metal)

Russia: Norilsk Nickel receives Sberbank loan first tranche for Bystrinsky GOK

Norilsk Nickel announces that upon completing all preceding loan granting conditions, on May 12, Bystrinskoye LLC received the first tranche as part of the credit line for the implementation of Bystrinsky Mining and Processing Works construction project in Trans-Baikal region. On May 5, Bystrinskoye LLC and Sberbank of Russia signed a loan agreement, whereby the…


Ukraine: Turkey interested in Lvivugol

Turkish investors plan to modernize Lvivugol mines and buy coal.

According to the Lviv regional state administration, managers of Lvivugol met the Turkish delegation and discussed financing of mine modernization.

The Ministry of energy and coal industry has postponed the privatization of coalmines for indefinite time due to the large debts. (Ukrainian metal)

Ukraine: Volynugol director resigns

General director of Volynugol Valentin Kiselev has resigned after his meeting with the minister of energy and coal industry Igor Nasalik.

Earlier the mine groups of Volyn have asked the minister and the director of coal and peat department Anatoly Korsun to fire Valentin Kiselev from his office. (Ukrainian metal)

Ukraine: HBI imports up in January-April 2016

In January-April Ukraine imported 26.77 thousand tons of hot-briquetted iron (a substitute for scrap), up 9.6 times YoY.

All the imports came from Russia.

According to the State Fiscal Service, Ukraine spent $3.7 million on imports, up 4.5 times YoY. (Ukrainian metal)

Ukraine: Ferrexpo pellets output down in January-April 2016

In January-April Ferrexpo, owner of Poltava and Yeristovo Mining and Processing Works, produced 3.85 million tons of pellets, down by 1.7% YoY.

At the same time, concentrate output increased by 2.6%, to 4.85 million tons.

In April the group produced 973 thousand tons of pellets and 1.17 million tons of concentrate. (Ukrainian metal)

Ukraine: ZZF ends 2015 with losses

In 2015 Zaporozhye Ferro Alloys Plant received 154.95 million UAH of losses.

According to the company statement, its net income increased by 29% YoY, or by 1143.68 million UAH, to 5057.77 million UAH. (Ukrainian metal)

Ukraine: AMKR expecting financial results increase

In 2016 ArcelorMittal Kriviy Rih expects to see substantial financial results increase.

“The price situation is improving, we can feel it. If there are no surprises, I’m sure 2016 will be much better than 2015”, said the company CEO Paramjit Kahlon.

AMKR also intends to increase output by 7% YoY. (Ukrainian metal)

Russia: Mechel 2015 operational results

Mechel, one of the leading Russian mining and metals companies, announces 2015 operational results. Production: Product 2015, thousand tons 2014, thousand tons % Q4 2015, thousand tons Q3 2015, thousand tons % Run-of-mine coal 23,181 22,624 +2 5,776 5,957 -3 Pig iron 4,065 3,946 +3 1,006 1,014 -1 Steel 4,321 4,269 +1 1,081 1,093 -1…