The Russian government’s commission for control over foreign investment is likely to approve acquisition of a stake in the Baimskaya polymetallic ore zone by Kazakhstan’s KAZ Minerals, Prime Minister Dmitry Medvedev said on December 4. “We have just had a meeting of the commission for control over foreign investments, we’ve considered one of the issues…Details
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Zaporizhstal intends to attract a loan of $18 million from Ukrgazbank. The extraordinary meeting of the shareholders will decide on the issue. The loan will be attracted for the period of not more than 5 years, with the interest rate of 7% to 9%. The meeting will order the CEO Rostislav Shurma or another person,…Details
As of December 1 Ukraine has used only 11.6% of the quota for the delivery of flat rolled metal to Turkey. The quota for flat rolled metal is 361.1 thousand tons fulfilled, bars – 9.1% (50.8 thousand tons), pipes and hollow sections – 14.5% (39.8 thousand tons), stainless steel – 10.8% (15 thousand tons) and…Details
In January-November Mariupol Ilyich Iron and Steel Works produced 2.642 million tons of rolled metal, up by 4.6% YoY. Steel manufacture grew by 4.8%, to 2.947 million tons, and pig iron – by 9.3%, to 4.08 million tons. In November the plant produced 237 thousand tons of rolled metal, 255 thousand tons of steel and…Details
Mariupol Ilyich Iron and Steel Works received the most VAT among metal companies in November – 759.5 million UAH (761.7 million UAH in October). It is followed by ArcelorMittal Kriviy Rih (485.4 million UAH). Azovstal was reimbursed 473.4 million UAH of VAT (166 million UAH), and Zaporizhstal – 309.9 million UAH (486.7 million UAH). DMK…Details
In 2018 Telen intends to mine 180 thousand tons of coal in the Republic of Sakha (Yakutia). This year the company is operating at the Kharbalakhskoye deposits. So far 160 thousand tons of coal have been mined, or 90% of the target. In short-term Telen wants to increase coal reserves to 10 million tons at…Details
In January-September Electrozinc exceeded the zinc output target by 2.5%. In three quarters the company produced 59.01 thousand tons of zinc, including 29.18 thousand tons of zinc-aluminum alloy, 98.45 thousand tons of sulfur acid and 240 tons of cadmium in sows. Sales totaled 4.041 billion rubles, up from 3.477 billion rubles last year. Sales profit…Details
According to the Spetsstal Association, in January-October Russia increased rolled stainless steel output by 2.9% YoY, to 64.55 thousand tons. Bars were responsible for the increase, having grown by 18.6%. Other metal types manufacture decreased: hot-rolled flat metal – by 10.6%, pipes billets – by 13.3% and cold-rolled flat metal by 22%. The main stainless…Details
In November Ukraine produced 2.775 million tons of coal, or 99% of the plan. This was reported by the Coal Miners Union of Ukraine with reference to the data provided by the Energy and Coal Industry Ministry. In particular, mines subordinated to the Energy and Coal Industry Ministry produced 332,543 tons of coal, or 87.1%…Details
In January-October Armenia decreased metal output by 2.7% YoY as opposed to the growth of 12% last year. In particular, ferromolybdenum manufacture grew by 4%, to 5744 tons, with 758 tons produced in October, up by 2.8% MoM. Molybdenum output increased by 1.5%, to 9346 tons, with 1006 tons produced in October, up by 21.6%.…Details
The city of Magnitogorsk hosted a meeting of the coordination board of MMK and Uraltrubprom. The parties summed up the results of the January-October operation and agreed to further strengthen cooperation. In particular, it was decided to start producing welding wire at MMK-Metiz according to Uraltrubprom specifications. Uraltrubprom is one of the key consumers of…Details
NTZ TEMPO has mastered the manufacture of steel electric-welded pipes with the diameter of up to 630 mm. But soon the Russian market will also see pipes with the diameter of up to 720 mm. The pipes will be produced at the mill commissioned in summer. The capacity of the mill is 8-10 thousand tons…Details
In January-November Azovstal increased rolled metal output by 0.8% YoY, to 3.53 million tons. Steel manufacture dropped by 5.6%, to 3.724 million tons, and that of pig iron – by 1.7%, to 3.407 million tons. In November Azovstal produced 256 thousand tons of rolled metal, 300 thousand tons of steel and 258 thousand tons of…Details