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In January-July 386.5 million tons of cargo were transported in Ukraine, up by 8.5% YoY. According to the State Statistics Service, railroad accounted for 152.1 million tons of cargo, down by 0.9%. The transportation of ferrous scrap dropped by 16.4%, of coke – by 13.7%, of coal – by 5.7% and of ferrous metals –…
DetailsKrivoy Rog Iron Ore Industrial Complex in January-July decreased iron ore output by 13% YoY, to 2.519 million tons. In July output grew by 391 thousand tons from 378 thousand tons in June. In 2018 the company produced 4.581 million tons of ore, down by 9.7% YoY. (Ukrainian metal)
DetailsIn January-June Norilsk Nickel increased consolidated revenue by 8% YoY, to $6.3 billion. Net profit grew by 81%, to $2.997 billion. EBITDA went up by 21%, to $3.7 billion. Capital investments remained almost on the level of 2018 – $500 million. (Ukrainian metal)
DetailsMagnitogorsk Iron and Steel Works (MMK) was awarded a certificate by the United Nations Industrial Development Organisation (UNIDO) for its contribution to sustainable development and environmental initiatives in the Chelyabinsk region, as well as for the successful implementation of its “Energy Management of Industrial Enterprises” program. UNIDO is a specialized agency of the United Nations,…
Details“We were assured that till October 1 industrial companies would have electricity tariffs reduced by 15-20%”, said Oleg Ayko, Head of raw materials purchasing department of procurement administration, ArcelorMittal Kriviy Rih, who attended a meeting at the Office of the President of Ukraine on the current situation in the electricity market after introduction of a…
DetailsRussian metals giant Norilsk Nickel is considering different options of raising money, including Eurobonds, CFO Sergei Malyshev said in a conference call. “We are considering all options that are there on the market, but there is no ready deal lying on the table,” he said. The board of directors of Norilsk Nickel has recommended paying…
DetailsDeputy Prime Minister of Armenia Tigran Avinyan commented on the public concerns that the government of Armenia feared international pressures and arbitration over Amulsar case. Tigran Avinyan wrote on his Facebook page that the government understood the situation very well, as well as the steps for any scenario, including the possible arbitration. ‘’In case of…
DetailsThe Eurasian Economic Union has decided to impose limitations on the import of hot-rolled steel coils for a year from December. The EAEU consists of Russia, Belarus, Armenia, Kazakhstan and Kyrgyzstan. The total quota of hot-rolled steel coils in the countries is some 1.33 million tons, and all the imports exceeding this volume will be…
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