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Interpipe and BelAZ have concluded an agreement on strategic partnership, which presupposes that the cooperation between the companies in railroad wheels sphere in 2019-2020 will be expanded. In particular, under the agreement the companies intend to increase railroad wheels deliveries from Ukraine to Belarus to 6 thousand pieces in 2019 and to 20 thousand pieces…
DetailsIn September Zaporizhstal decreased pig iron output by 2.7% YoY, to 375 thousand tons. Steel manufacture dropped by 3.3%, to 341 thousand tons, and rolled metal – by 6.1%, to 277.8 thousand tons. In 9 months pig iron output decreased by 3%, to 3.22 million tons, steel – by 2.8%, to 3.032 million tons and…
DetailsThe shareholders of the Russian coal producer Raspadskaya have approved paying 2.5 rubles per common share in dividends for January-June, the company said in. The record date was set for October 20. The company said in March that it could start paying dividends at a net debt/EBITDA (earnings before interest, taxes, depreciation and amortization) ratio…
DetailsAs part of the investment project between Uzbekistan’s State Committee for Geology and French Orano Group, it is envisaged to attract foreign direct investment at the initial stage of up to $20 million and about $150 million if a commercial field is discovered, representative of Orano Group reported. Orano have decided to create a joint…
DetailsFollowing the embargo Interpipe has almost completely stopped supplying pipes to Russia. “Hot-rolled pipes deliveries have been completely stopped. We do supply a small batch of cold-deformed pipes, but they are really small, as it is a niche product”, the company CEO Fadi Khraibe said. This year Interpipe has supplied less than 10 thousand tons…
DetailsIn September Yuzhniy Mining and Processing Works decreased sinter output by 59.3% YoY, to 68.4 thousand tons. In 9 months UGOK produced 945.8 thousand tons of sinter, down by 22.7%. Iron ore concentrate output in January-September grew by 2.5%, to 9336.4 thousand tons. But in September concentrate output remained unchanged at 970.6 thousand tons. (Ukrainian…
DetailsIn July Russia imported 36.6 tons of molybdenum including scrap, up by 30.4% MoM, but down by 4.7% YoY. Deliveries from China grew 2-fold, to 24 tons, while from Germany dropped by 16%, to 12 tons. In 7 months imports totaled 193.6 tons, up by 1% YoY. In monetary terms since the start of the…
DetailsMetinvest has issued 10-year eurobonds for $500 million at 7.95% and 5-year eurobonds for EUR 300 million at 5.75%. The combined demand for the two tranches exceeded $1.1 billion. Metinvest held meetings with investors in US, UK and continental Europe on September 18-27. (Ukrainian metal)
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