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Metalloinvest has signed an agreement with MUFG for ECA-backed financing in the amount of EUR 9.9 million. The loan will be used for the technical re-equipping of CCM-3 at OEMK, with the equipment supplied by Inteco melting and casting technologies GmbH. Insurance cover will be provided by Oesterreichische Kontrollbank AG, the Austrian export credit agency.…
DetailsIn January-September TMK decreased pipes sales by 2% YoY, to 2.93 million tons, mostly due to the drop in sales in the American division. Sales of seamless pipes went down by 1%, to 2.003 million tons, and welded – by 5%, to 927 thousand tons. Sales of OCTG pipes decreased by 4%, to 1.364 million…
DetailsIn January-September Tulachermet decreased pig iron exports by 7.2% YoY, to 1.37 million tons. In particular, deliveries to the USA dropped by 8.6%, to 877 thousand tons, and to Turkey – by 28.5%, to 110 thousand tons. At the same time exports to Spain resumed (they were stopped in October 2017) and reached 90.2 thousand…
DetailsRussian gold production rose by 11% YoY, but fell by 12.8% MoM in September, the Federal State Statistics Service said in a report. In January-September gold production grew by 20.2% YoY. No absolute figures were disclosed. (Prime/Ukrainian metal)
DetailsThe Antimonopoly committee of Ukraine has fined Corum Ukraine for 53 million UAH and the scientific and manufacturing company Mining Machines for 3.3 million UAH for the breach of the legislation on economic competitiveness protection. The AMCU found out about the violations at the three auctions held by the state enterprise Lvivugol, in which the…
DetailsThe Ministry of economy, trade and agriculture development expects steel output in 2019 to grow by 4% YoY, to 21.927 million tons. The ministry believes that rolled metal manufacture will increase by 3%, to 18.842 million tons, and pig iron – by 1%, to 20.69 million tons. The forecast is based on the output in…
DetailsIn January-June air pollution in Krivoy Rog increased by 15% YoY. According to the environment department of the city council, in particular, ArcelorMittal Kriviy Rih increased pollution by 27%, InGOK – by 15%, Metinvest KRMZ – by 13%, Sukhaya Balka – by 3% and CGOK – by 1.6%. The worst situation in Q3 was at…
DetailsIn January-September Sukhaya Balka Mine decreased iron ore output by 1.1% YoY, to 2.015 million tons. In September iron ore output totaled 214 thousand tons. In 2018 output increased by 8.4% YoY, to 2.725 million tons. The capacity of the mine is 3.1 million tons of ore per year. (Ukrainian metal)
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