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Under the increased competition with Turkish manufacturers, decline in prices for metal products and rise in the cost of energy resources, PJSC ArcelorMittal Kriviy Rih moved to more active measures to reduce costs and enhance energy efficiency. One of them is additional motivation programs for the employees. Thus, the company has launched a quarterly contest…
DetailsIn 2018 Ukraine received $9.937 billion of revenue from the export of ferrous metals, up by 14.7% YoY. According to the State Fiscal Service, ferrous metals accounted for 20.99% of all the exports last year as opposed to 20.03% in 2017. In December 2018 ferrous metals export revenue was $760.141 million. At the same time…
DetailsUralelectromed subsidiary (Manufacture of non-ferrous metals alloys) has started a program of advanced development to increase lead output. According to the subsidiary director Tagir Khafizov, the company is constructing a new building to house a casting conveyer and a packing line. (Ukrainian metal)
DetailsIn 2018 Dalpolymetal mined 858,623 tons of polymetallic ore, up by 17 thousand tons from the target. This is the highest result in the past 20 years. Last year investments in development exceeded 500 million rubles. This resulted in the processing factory producing 10.5 thousand tons of lead concentrate and 17.5 thousand tons of zinc…
DetailsYevgeniy Baranov has been appointed the managing director of Trubodetal. He has replaced Dmitry Markov, who has been in the office since July 2015. Baranov has earlier been a director of the large diameter pipes division at Vyksa Iron and Steel Works. (Ukrainian metal)
DetailsEvraz NTMK has finished modernizing the automatization system of the continuous casting machine No. 1. The system has been in used since 1995 and has been based on Siemens S5 equipment. Following the modernization the company has switched to S7. (Ukrainian metal)
DetailsSubsidiaries of the United Mining and Chemical Company have concluded two agreements with Energy Trade Group LLC on the delivery of gas valued at 280.04 million UAH. In particular, Volnogorsk Mining and Processing Works ordered 16.8 million cubic meters of gas at 11.750 thousand UAH per 1 thousand cubic meters with the payment within 4…
DetailsIn 2018 Ukraine decreased scrap exports by 33% YoY, to 327.547 thousand tons, valued at $105.646 million, down by 13.3%. According to the State Fiscal Service, in December 2018 Ukraine exported 7.488 thousand tons of scrap, in November – 3.863 thousand tons, in October – 8.274 thousand tons, in September – 7.59 thousand tons, in…
DetailsIn 2018 Yuzhniy Mining and Processing Works decreased concentrate output by 0.2% YoY, to 12.247 million tons. According to the company press-service, sinter manufacture dropped by 6.04%, to 1.746 million tons. In December 2018 UGOK produced 986.3 thousand tons of concentrate and 195 thousand tons of sinter, up by 8.6% and by 46.07% YoY respectively.…
DetailsPrecious metal prices increased in Azerbaijan. The price of gold grew by 23.171 manats, to 2,202.8515 manats per ounce on January 10 compared to the price on January 9. The price of silver went up by 0.2096 manats, to 26.772 manats per ounce. The price of platinum increased by 6.4345 manats, to 1,405.492 manats and…
DetailsRosterminalugol JSC, operator of Russia’s largest dedicated coal port (run by Port Management Company, PMC LLC), shipped 19.9 million tons of export coal in 2018, up by 5% from the target. The company handled 288 vessels with average shipload of 69,149 tons and unloaded 276,297 railcars. According to the statement, the high results were achieved…
DetailsIn 2018 Ukrzaliznytsia transported over 273 thousand cargo cars with iron ore raw materials to the western border of Ukraine, up by 3% YoY. According to the acting chairman of Ukrzaliznytsia Yevgeniy Kravtsov, transportation volumes depend not only on the availability of the rolling stock, but also on the operation of all parties of the…
DetailsCo-owner of the ATB, a major retail network, Gennadiy Butkevich has become a major owner of the Nuclear Energy Systems of Ukraine LLC, which in 2017 obtained a right to develop 4 uranium deposits. Butkevich now owns 83.4% in the company. NESU has the licenses to develop Safonovskaya and Mikhailovskaya uranium fields in Nikolayev region,…
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