Olkon, a part of Severstal, intends to invest 3.2 billion rubles in development this year, up 3-fold YoY. The investment program includes 130 projects. “This year we will continue improving the quality of the concentrate, as this is our competitive advantage”, the company executive director Denis Golubichniy said. In June Olkon will out into operation…Details
In 2018 ArcelorMittal Kriviy Rih sold 4.5 million tons of metal, down by 16.7% YoY. Ready-made products (rebars, rolled wire, etc.) accounted for 65% of sales. The share of square billet dropped by 2%, to 27%, while that of pig iron grew by 2%, to 9%. 62 countries purchased AMKR metal in 2018. The Near…Details
Makeevka Metal Works has closed most of its shops, except for the rolling shop. “According to the data from open sources and images from space, the works has considerably decreased output”, the Ministry on occupied territories reported. The plant is situated on the temporarily occupied territory of Donetsk region. The ministry says, there are no…Details
In January Zaporozhkoks produced 73.1 thousand tons of blast furnace coke, having fully met its manufacturing plan. At the same time the output was down by 6.2% YoY. The decrease is due to the scheduled repair of the coke oven battery No. 2. The company accounts for 10% of all Ukrainian coke. In 2018 Zaporozhkoks…Details
In 2018 Rusal produced 3.753 million tons of aluminum, up by 1.3% YoY. At the same time, sales dropped by 7.2%, to 3.671 million tons. In Q4 2018 the output grew by 0.4% QoQ, to 0.943 million tons, while sales decreased by 16.2%, to 0.877 million tons. In 2018 the average price was $2259 per…Details
ArcelorMittal Kriviy Rih has started supplying its metal products for the reconstruction of H-31 Dnipro-Tsarychanka-Kobelyaki-Reshetylovka highway in Poltava region. This is one of the most large-scale infrastructure projects in Ukraine. Since the end of 2018, the company has already shipped about 90 tons of rebar of A500C class of 25 mm diameter and A240C class…Details
The prices of precious metals varied in Azerbaijan on February 8. The price of gold increased by 7.523 manats, to 2,225.9715 manats per ounce on February 8 compared to the price on February 7. The price of silver grew by 0.0503 manats, to 26.6587 manats per ounce. The price of platinum decreased by 14.365 manats,…Details
Magnitogorsk Iron and Steel Works (MMK) plans capital expenditures at around $850 million in 2019, the company said in a presentation on February 7. CFO Andrei Yeryomin said in a conference call that capex included $300 million to be spent on maintenance of existing capacities, and the remaining money would be spent on upgrades of…Details
Oskol Electrometallurgical Works has produced the 70-millionth ton of metallized pellets. In December 2018 the pelletizing and metallizing shop, recently reorganized into the pelletizing and metallizing factory, turned 35. In 2010 the company modernized its metallizing machine No. 1. In 2013 the metallizing machine No. 3 was put into operation. In 2015 the metallizing machine…Details
In 2018 Cherepovets Iron and Steel Works increased electricity output by 2.8% YoY, to 4.565 billion kWh.
According to Severstal Russian Steel CEO Vadim Germanov, this allowed saving some 200.4 million rubles.
The share of the company’s own electricity reached 77.9% of the total consumption. (Ukrainian metal)
The import-replacing multi-strand steel ropes of Beloretsk Iron and Steel Works have received certificates. This will allow the company increasing its share of the local metal ware market. The new ropes are made according to a German standard and are used in lifting machinery. The 8-strand ropes with the diameter of 68 mm and 12-strand…Details
Magnitogorsk Iron and Steel Works (MMK) plans to keep steel output flat YoY in 2019, but it does not rule out a slight growth, CFO Andrei Yeryomin said in a conference call on February 7. “We don’t expect any growth. The amount will be close to the level of 2018. A 1% growth is possible,”…Details
Dneprovsky Iron and Steel Combine intends to attract a loan of $30 million from the state-owned Oschadbank. The issue will be discussed at the shareholders meeting on February 25. The loan will be attracted in UAH, US dollars and euros for 3 years. The interest is not more than Dneprovsky Iron and Steel Combine24% for…Details
In May Metipol LLC will put into operation a plant to produce polymer-coated rolled metal in the city of Pervomaisk. This means that the Alchevsk-based Metal and Polymers Works will resume operation on Ukraine-controlled territory. As raw materials Turkish galvanized coils will be used, The annual capacity of the enterprise will be 78 thousand tons…Details
Ukrainian manufacturers of galvanized rolled metal await the implementation of the preliminary protective measures on the import of these products from China and Russia. According to the executive director of the Ukrainian Center of Steel Construction, Vyacheslav Kolesnik, in August-September 2018 the imports of Chinese galvanized metal reached their peak, but after that dropped sharply.…Details
Interpipe has appointed Sergey Kostenko the chairman of the board of Interpipe Nizhnedneprovsk Pipe Works from February 5. He has been an acting chairman since June 28, 2018. Kostenko started working at Interpipe NTZ in 1995 in the pipe-rolling shop No. 3. Since 2010 he has been heading the repair department, and since 2013 he…Details
In Q4 2018 MMK revenue decreased by 6.2% QoQ, to $1962 million. EBITDA fell by 20%, and the margin was 27.4%. Net profit totaled $245 million. In 2018 revenue increased by 8.9% YoY, to $8214 million, mostly because of the average price growth (by 8% or by $46 per ton). EBITDA went up by 19%,…Details
The Ministry of Finances proposes canceling VAT on gold in ingots, as investment in precious metals is a good way for accumulation. Now people have to pay a 20% VAT when buying ingots from banks. While when selling ingots, the VAT is not returned, which makes purchase less attractive. Hence the low demand – some…Details
ArcelorMittal Temirtau has received new machinery for its converter shop continuous casting machines Nos. 1 and 2. The new equipment – segments, crystallizers and benders – was purchased in Italy from Danieli under an investment project. “This project will improve the working conditions of both machines and the quality of the billets”, the company said.…Details
An expert commission has finished evaluating the assets of Ufaleinickel.
The company went bankrupt some 18 months ago.
The auction could be held in summer.
The combined cost of the lots is around 1 billion rubles.
Two investors are already mulling the purchase of the works. (Ukrainian metal)
The arbitrary court of the Volgograd region has prolonged the bankruptcy proceedings at the Krasniy Octyabr works from February 10 for 4 months. Thus, the petition of the proceedings manager Alexander Lyubimenko has been partially met. He claimed the enterprise received assets valued at 487 billion rubles – 854 ordinary shares. Now they need to…Details
NLMK-Kaluga has started producing a new type of metal for construction – 100 mm-long channels with parallel sides.
A batch of 3 thousand tons has been shipped to customers in the Central Federal District.
Imports in the segment in 2018 reached 32%, up by 6% YoY. (Ukrainian metal)
Chelyabinsk Pipe Rolling Plant has provided a loan of 1.14 billion rubles to a company it controls – Meta.
The agreement was signed on February 5.
The funds have to be returned not later than on June 30, 2020.
Meta provides ChTPZ with scrap. (Ukrainian metal)
Gold producer Nordgold, controlled by the Russian tycoon Alexei Mordashov, plans to invest more than $360 million over the next 15 years in development of the Lefa mine in the Republic of Guinea. “Nordgold is pleased to announce that a new mining permit will be effective starting from March 21. The new permit as well…Details