The Ukrainian Association of Scrap Exporters (UAEM) has asked the president to completely veto the bill on prolongation of scrap export duty of 30 euro per ton for two years. The association believes that the bill contradicts the current legislation of Ukraine and international agreements, signed and ratified by Ukraine. According to these agreements, the…Details
Pobuzhye Ferronickel Plant intends to resume purchases of nickel ore in Ukraine. According to the company director Oleg Bespalov, the ore will be bought from Zapadno-Loschevskoye deposits in Nikolayev region. The first batch will arrive on July 15. The company will buy 25% of its need locally, the rest, as previously, will be purchased from…Details
In January-May Poltava Mining and Processing Works exported 3.663 million tons of iron ore pellets. At the same time Karelsky Okatysh exported 2.165 million tons, Mikhailovsky GOK – 1.502 million tons, Lebedinsky GOK (all three Russia) – 1.153 million tons, and Central GOK – 784.1 thousand tons. In 5 months PGOK produced 4.234 million tons…Details
In January-June Pobuzhye Ferronickel Works produced 7.7 thousand tons of nickel, down by 13.4% YoY. According to the company statement, ferronickel output dropped by 9%, to 36.121 thousand tons, while the total volume of the ore processed decreased by 9.1%, to 640.312 thousand tons. The decrease was the result of scheduled repairs of the main…Details
Gold production on Russia’s Chukotka peninsula decreased by 14.34% YoY, to 11.795 tons, in January-June, a spokesperson for the regional industry policy, construction, and housing and utilities department reported on July 11. Silver production in the area fell by 21.71%, to 64.709 tons. Chukotka Mining and Geological Company, a unit of Kinross Gold, produced 4.775…Details
In June the public joint stock company “Kiev research works Ugol” changed hands. Revenco Limited (Cyprus) and an individual sold 42% and 37% of the works shares to a number of legal entities, among which is Andilero Holdings Ltd (Cyprus) and Vtorpolymery LLC (Kiev). Ugol, despite its name (which means coal) has been away from…Details
In May, according to the customs statistics, Russia exported 391.5 thousand tons of ferrous metals scrap, down by 13.2% MoM and by 29% YoY. In April the figures stood at +29% and –33% respectively. In January-May Russia exported 1.64 million tons of scrap, down by 28% YoY. And this is also the lowest result for…Details
By August Ukrzaliznytsia intends to have shipped all its scrap sold at three auctions in early June. “The loading is underway. We expect to receive all the volumes this month”, Interpipe finances and economy director Denis Morozov said. According to him ArcelorMittal Kriviy Rih, Metinvest-Resource and Interpipe NTZ have already received some 30-50% of the…Details
In May, according to the customs statistics, Russia exported 391.7 thousand tons of pig iron, up 3-fold MoM, but down by 12% YoY.
In January-May pig iron exports totaled 1.71 million tons, down by 15% YoY.
USA imported 62% of all pig iron, with Spain exporting 10% and Turkey 9%. (Ukrainian metal)
The steel-smelting shop of Cherepovetsk Iron and Steel Works is completing its project to increase converter steel output: the construction of the second ladle furnace. According to the company statement, the active phase of construction began in June 2016, and the trial start of the complex was made on May 31. The cost of the…Details
NLMK Group has implemented the resource-saving pulverized coal injection (PCI) technology at 90% of its blast furnace capacities at NLMK Lipetsk. NLMK has launched hot-testing of the PCI unit at its most productive blast furnace, namely blast furnace No. 7 (with a capacity of 4.3 million tons per year). This technology involves co-injecting natural gas…Details
Pobuzhye Ferronickel Plant intends to start capital repairs of its ore-thermal furnace No. 2 in February 2018. “The furnace is old. We have planned to repair it in February next year”, the company CEO Oleg Bespalov said. The cost of the project is some 50 million UAH, and the repair will last for 45 days.…Details
The Verkhovnaya Rada committee on industrial policy and entrepreneurship has supported amendments to the decree on the prolongation of the scrap export duty made by the president Petr Poroshenko. “From the state point of view, it would have been better for the scrap decree to be prolonged for 2 years, and not for 1. But…Details
In 2016 Ural Mining and Metallurgical Company received $5.3 billion of consolidated revenue, up by 17% YoY.
The group EBITDA reached $1.2 billion.
Non-ferrous metals accounted for 51% of the revenue, coal – 20%, precious metals – 9%. Exports share was 48%. (Ukrainian metal)
Taganrog Iron and Steel Works has been granted tax exemptions for almost 200 million rubles from the Rostov region till 2019. For the past 10 years Tagmet has invested over 32 billion rubles in its technical revamping, which has made it one of the major seamless pipe manufacturers in the world. The company has orders…Details
So far this year the Niman artel LLC has obtained 98 kg of gold, up by 6 kg YoY.
Niman washes for alluvial gold in the Verkhebureinsky district of Khabarovsk krai. The industrial season started in early May. In the first month of operation the company washed 20 kg of gold. (Ukrainian metal)
Severstal will supply 1300 tons of hot-rolled sheet of various grades to Uralmash NGO Holding LLC to produce drilling rigs.
The sheets will be delivered by Severstal Distribution directly from Cherepovets Iron and Steel Works. (Ukrainian metal)
In 2017 Ural Mining and Metallurgical Company plans to produce 280 thousand tons of zinc, up by 8-10% YOY.
Cathode copper output is expected to reach 360 thousand tons. (Ukrainian metal)
According to TMK-Premium-Service CEO Sergey Rekin, new difficulties in hydrocarbons extraction make it necessary to invent new approaches to products used in construction and development of oil and gas shafts.
That is why TMK is aiming at producing such pipes that meet all the requirements and have improved parameters. (Ukrainian metal)
All the mines in Volyn region might be operated by one newly created enterprise. The idea was voiced by the regional state administration chairman Vladimir Gunchik. “The changes are necessary, as at present the mines simply eat up state money. All the accounting and bookkeeping should be united into one and construction of mine No.…Details
Mednogorsk Copper-Sulfur Works, a part of UMMC, estimates its gold reserves at the Yelanskoye deposits in Voronezh region at 7.2 tons. Moreover, the deposits also hide 502.3 thousand tons of nickel, 58 thousand tons of copper, 15.3 thousand tons of cobalt, 2.9 tons of platinum and 3 tons of palladium. MMSK received the license to…Details