In January-June Metinvest B.V. increased investments 2.2-fold YoY, to $420 million. Metal segment accounted for 64% of investments (37% in H1 2017), mining – 35% (61%) and corporate expenses – 1% (2%). In particular, Mariupol Ilyich Iron and Steel Works received $122 million ($35 million), Azovstal – $76 million ($20 million), SevGOK – $51 million…
DetailsNext year the government intends to provide 659.7 million UAH to shut down and maintain closed coalmines and coal-processing enterprises. According to the budget draft, the funds will be spent to prepare 3 coalmining enterprises for liquidation. There are also 16 projects to shut down enterprises and maintain 2 water-pumping complexes. (Ukrainian metal)
DetailsMarkland LLC has received 9 orders from state mine groups on the delivery of goods and provision of repair services valued at 75.16 million UAH. Mirnogradugol has placed an order valued at 50.86 million UAH, Selidovugol – 21.43 million UAH and the Mine named after Surgay – 2.88 million UAH. In particular, the largest order…
DetailsIn August Ukrainian metal companies received 742 thousand tons of coke, down by 8% MoM. Coke imports reached 12 thousand tons, while in the previous 3 months no coke was imported. In January-August metal companies received 6.37 million tons of coke, up by 7% YoY, including 6.1 million tons of domestic coke (up by 13%)…
DetailsIn January-August by-product coke plants imported 7.66 million tons of coking coal and coal concentrate, up by 16% YoY. In August 0.87 million tons were imported, down by 21% MoM. Local coal deliveries reached 1.75 million tons, down by 22% YoY, in August 140 thousand tons were delivered, down by 8% MoM. In 8 months…
DetailsNLMK Group, an international steel company, announces the appointment of Maxim Tevs as General Director of NLMK Engineering, one of the leading design companies in the Russian steel sector. In his new role, Tevs will focus on boosting the efficiency and quality of engineering activities, promoting the use of advanced design technologies, including Building Information…
DetailsDeputy Minister for the temporarily occupied territories, Yuriy Hrymchak, spoke about what happened in northern Crimea’s Armyansk at “Crimean Titanium” plant, as well as about other more potentially dangerous enterprises located in the occupied peninsula and parts of Donbas. – What happened at Crimean Titanium in the occupied Crimea’s Armyansk, where a hazardous release of…
DetailsThe price of one ounce of gold increased by 20.604 manats, or by 1.0158% last week in Azerbaijan. Accordingly, the average price of one ounce of gold stood at 2036.7411 manats. The price of one ounce of silver increased by 0.2325 manats, or by 0.97%, to 24.08256 manats. The price of one ounce of platinum…
DetailsThe prices of precious metals decreased in Azerbaijan on September 17, according to the data published by the Central Bank. The price of gold dropped by 17.5015 manats, to 2,031.4065 manats per ounce on September 17 compared to the price on September 14. The price of silver fell by 0.27 manats, to 23.9462 manats per…
DetailsIn August Vyksa Iron and Steel Works shipped 146.2 thousand tons of metal via railroad, down by 21.3% YoY. In 8 months sales reached 1.51 million tons, up by 15.1% YoY. Russian customers received 1.18 million tons, up by 15.2%, while exports grew by 14.5%, to 333.7 thousand tons. (Ukrainian metal)
DetailsIn August Amurstal shipped 63.1 thousand tons of steel via railroad, up 2.6-fold YoY. Moreover, this year sales have been growing each month, resulting in August seeing the highest sales since April 2015. In January-August the company sold 351.4 thousand tons of metal, up 6.4-fold YoY. The annual result of the previous year has been…
DetailsIn 2017 Russia witnessed a considerable increase in the consumption of the Oil Country Tubular Goods (casing, drilling and compressor-pump pipes). In particular, consumption grew by 12% YoY, to 2.3 million tons. This year the demand for OCTG pipes will continue growing. The main driver of the demand increase will be the growing length of…
Details