Ukraine: Interpipe reorganizes pipe works

Interpipe has held extraordinary meetings of shareholders at its enterprises. In particular, Interpipe Novomoskovsk Pipe Works (Interpipe NMTZ) has been reorganized from the public joint stock company into a private joint stock company. The enterprise has also renewed its statutory documents. Interpipe Nizhnedneprovsk Pipe Works (Interpipe NTZ) has kept the public status, but decreased the…


Russia: major metal companies extensively firing employees

In 2013-2017 the major metal companies have been seriously decreasing the number of their employees.

In particular, Evraz fired 40 thousand people, and Severstal – some 10 thousand.

At the same time at present Severstal intends to hire new personnel for Yakovlevsky GOK. (Ukrainian metal)

Russia: board chairman leaves Rusal

Rusal announces the resignation of Matthias Warnig from the office of the chairman of the board.

Warnig was elected a member of the board in June 2012.

In October 2012 he was elected chairman of the board.

The new chairman will be chosen at the next meeting of the board. (Ukrainian metal)

Russia: ChMK masters new rail product

Chelyabinsk Iron and Steel Works has received a certificate to produce switch rails.

By the end of December the company intends to have produced 600 tons of new rails.

The certificate for OR65 rails of the NT260 category is valid for 5 years.

So far ChMK produces 5 types of rails. (Ukrainian metal)

Armenia: precious metals prices down on December 26, 2018

The Central Bank of Armenia set the following prices for precious metals on December 26.

The price of gold is set at 19570.34 drams, down by 7.68 drams.

Silver price dropped by 0.09 drams, to 228.27 drams.

The price of platinum went down by 4.83 drams, to 12288.33 drams. (Armenpress/Ukrainian metal)

Russia: Zabaikalye region to increase coal output

In January-November Zabaikalye region extracted some 20 million tons of coal.

Traditionally SUEK contributed most of the yield.

This year the region expects to mine 21 million tons of coal.

In particular, SUEK plans to extract 5.9 million tons of coal, up by 15% YoY. (Ukrainian metal)

Russia: Evraz ZSMK starts building new substation

Evraz ZSMK has started building a new electricity substation with the capacity of 252 megawatt.

It will cover the needs of the plant taking into account some major development projects.

The construction is expected to cost 1 billion rubles.

The substation is scheduled to be constructed in Q4 2019. (Ukrainian metal)

Ukraine: pipe output up in January-November 2018

In January-November Ukraine increased pipe output by 5.7% YoY, to 1.019 million tons, including 78.2 thousand tons in November. In particular, Ukrtrubprom enterprises produced 732.7 thousand tons of pipes in 11 months, up by 14.1% YoY, including 55.4 thousand tons in November. Khartsyzsk Pipe Works and Lugansk Pipe Works were idle. Interpipe-NTZ produced 255.6 thousand…


Russia: Kuzbassrazrezugol commissions the most powerful excavator

Kuzbassrazrezugol has commissioned the most powerful Russian excavator EKG-35 No. 1 at the Krasnobrodsky pit. Uralmashzavod started designing the machine in 2012 according to Kuzbassrazrezugol specifications. In 2017 the excavator was assembled and in March entered trial operation. In June-July the machine loaded 900 thousand cubic meters of rock. Next year Kuzbassrazrezugol intends to buy…


Russia: UMMC signs debut EUR 100 million PXF syndicated loan

Ural Mining Metallurgical Company (UMMC), one of the top Russian producers of copper, zinc and other precious metals, has signed a debut EUR 100-million syndicated loan. Mandated Lead Arrangers, Bookrunners and Lenders are Raiffeisen Bank International AG, AO Raiffeisenbank, PJSC Rosbank and Societe Generale. Raiffeisen Bank International AG and AO Raiffeisenbank acted as documentation agents…


Ukraine: pipe exports down in November 2018

In November Ukraine exported $57.775 million worth of pipes, down by 6.1% YoY, while imports grew by 77.6%, to $18.965 million. According to the State Fiscal Service, USA imported the largest batches of pipes – $11.506 million. In January-November Ukraine exported $681.476 million worth of pipes, up by 33.4% YoY, while imports increased by 50.9%,…