MMK has received the approval of the Federal Antimonopoly Service for the purchase of Lysva Iron and Steel Works with the capacity of 360 thousand tons per year. Back in September MMK reported that it was regularly monitoring the M&A market and was ready to discuss the acquisition of prospective assets. At present neither MMK,…Details
The Republic Investment Company and its daughter enterprise Yanolovo have concluded an agreement with the Chinese investment fund YaZuan Investment Co. Ltd on development of tin-bearing deposits on the territory of Yakutia.
Yanolovo obtained the license to develop Tirekhtyanskoye tin deposits in 2015. Raw metal output could be 500-3.5 thousand tons per year. (Ukrainian metal)
Belarus will help improve methods of coal mining and coal transportation on Sakhalin Island, Russia. The news was released by the website of the Sakhalin region government and the governor after Sakhalin region governor Oleg Kozhemyako met with State Secretary of the Union State of Belarus and Russia Grigory Rapota. Member of the Federation Council…Details
Rosterminalugol JSC, the largest dedicated coal port in the Baltic region, a part of Russia’s largest coal port holding Port Management Company LLC, has exported 22 million tons of coal this year. The milestone ton was loaded onto the Panamax bulk carrier AP Argosy, the 306h vessel handled from the year beginning (the 21st in…Details
In January-August Metinvest exported 155 thousand tons of galvanized coils, up by 40% YoY. “The main growth has been witnessed in the direction of Europe, CIS (without Russia), Near East and North Africa”, the group marketing director Roman Kurashev said. Metinvest intends to retain its regular presence on European market and will work on attracting…Details
In January-September, according to the customs statistics, Russia imported 438 thousand tons of galvanized steel with polymer coating, up by 8.7% YoY, but down by 0.1% from the 2015 results. The main supplier was China. Its share was 59%. The average price on Russian border in September was $796.2 per ton. Kazakhstan’s share was 11%,…Details
In January-September Russia imported 566.3 thousand tons of galvanized steel, up by 24.1% YoY. According to the customs statistics, Kazakhstan was the major supplier – up by 48.7%, to 264 thousand tons. In September the average price on Russian border was $717 per ton without VAT. Then comes China with 109 thousand tons, up by…Details
In January-October ferrous metals output increased by 6.5% YoY. Casting companies improved operation by 4.2% YoY. This is the first increase in the sector since 2012. Flat rolled metal production decreased by 4.7%, unalloyed construction rods by 1.9%. At the same time alloyed rods output went up by 44%. Ferroalloys manufacture increased by 7.5%, raw…Details
The city of Yakutsk has held 4 auctions for the sale of alluvial gold sites. The most expensive lot was the site at the Chuguun brook and tributaries. The initial price during the sale increased 108-fold. Thus, Poisk Zoloto has to pay 153.45 million rubles. The Artyk site was purchased by Vostok LLC for 2.107…Details
In October ZEMZ started producing slabs of 12X18H10T steel with the size of 150×680 and 150×700 mm for the Krasniy Oktyabr Iron and Steel Works.
This is the first time that ZEMZ produces slabs of such a width.
The slabs have been manufactured at the 1150-mill of the rolling shop No. 1. (Ukrainian metal)
The Profil-Akras pipe works has presented the results of October.
In particular, pipe output totaled 12 thousand tons.
Sales reached 13.6 thousand tons, with 3.9 thousand tons exported. (Ukrainian metal)
In January-September Metalloinvest received $1.089 billion of net profit, up by 53.8% YoY.
Revenue totaled $4.556 billion, up by 52.4% YoY.
EBITDA grew by 80.8%, to $1.544 billion, with metallurgical segment of the company EBITDA up by 39.8%, to $267 million. (Ukrainian metal)
In January-October DTEK Energo purchased 595 thousand tons of coal from the state mines of the Lviv-Volyn basin, up by 9.8% YoY. According to the company press-service, in October purchases increased by 42% YoY, to 74 thousand tons. The increase has to do with the growth of loading of thermal power plants working on Ukrainian…Details
The National commission of state regulation in the sphere of energy and utility services says in 2018 Ukraine will have to import 4.4 million tons of power-generating coal. According to the Ministry of energy and coal industry, the need to import 4.4 million tons of coal in 2018 corresponds to the 16.4% coal shortage in…Details
Kazakh manufacturers have great and unrealized potential of participation in major construction projects. “For example, ArcelorMittal Temirtau produces some 400 thousand tons of rebars per year that could be used in construction. At the same time we import over 340 thousand tons of rebars. Local rebars could be used in the project of the light…Details
The state enterprise Lvivugol has ordered Zakhidprom Trade LLC the delivery of self-rescuers valued at 25.5 million UAH.
According to the agreement the company has to supply 679 self-rescuers produced by Dezega (Turkey). The price of self-rescuers is 9449.92 UAH apiece.
Lvivugol bought 421 self-rescuers at the same price in August. (Ukrainian metal)
The state enterprise Toretskugol has ordered Leader Promsnab LLC the delivery of 109 tons of metal pipes valued at 5.31 million UAH. Among others the enterprise has ordered pipes with 110 mm outer diameter, as well as with 219, 273 and 325 inner diameter and 5 mm of wall thickness. There are no such pipes…Details
In October Ukraine mined 2 million tons of coal, down by 25.9% YoY. According to the State Statistics Service, this does not take into account the temporarily occupied territory of Crimea and the Antiterrorist operation zone. October output increased by 4.3% MoM. In January-October Ukraine mined 20.2 million tons of coal, down by 16.4% YoY.…Details
In September, according to the customs statistics, exports of Russian unalloyed semi-finished products totaled 1.04 million tons, down by 4.2% MoM and by 11.8% YoY. In August the results were up by 1.1% MoM, but down by 6.4% YoY, while in July down by 1.8% MoM and by 7.7% YoY. In January-September Russia exported 10.3…Details
Technogroup has been chosen as the supplier of electric machinery of the converter gas heater for Cherepovets Iron and Steel Works converter No. 1. Under the contract the company will supply the technological equipment manufactured by WEG: the 5000 kW engine, 6 MVA phase-shifting transformer and the frequency converter. The delivery is scheduled for Q2…Details
The Baykaimskaya mine has started work on the new long face – No. 6. Coal is mined with the help of Tiandi complex, which has shown positive results while operating at the long face No. 5. The machinery valued at 2.7 billion rubles was commissioned in August 2016. Since then the miners have yielded 2.2…Details
RUSAL announces that aluminum alloys 8030 and 8176 have been successfully approved by Russian authorities for the use in electrical wiring applications. This approval opens up new market opportunities for aluminum. The Ministry of Energy of the Russian Federation has approved the order that regulates construction of electrical installations and permits the use of aluminum…Details
In January-October world steel output increased by 1.411 billion tons, according to World Steel Association. In October output grew by 5.9% YoY, to 145.25 million tons, with capacity loading at 73%. China manufactured 72.36 million tons of steel in October, followed by Japan (8.97 million tons), India (8.63 million tons), USA (7 million tons) and…Details
Russia’s largest coal-mining region, Kemerovo, plans to raise coal output to 240 million tons in 2017 from 227.4 million tons produced in 2016, governor Aman Tuleyev told the region’s Council of People’s Deputies. “We have not closed a single company despite all the problems, and we’ve even managed to build new ones and to hold…Details
The construction of the railroad around Ukraine for the Crimean Titanium Works in Armyansk will begin in 2018. According to the so-called minister of internal policy of the Russia-occupied Crimea Andrey Vasyuta, the railroad will be used to transport ammonia to the company. Previously the station has been in Ukraine. As the works lacks the…Details
Darasun Mine LLC will resume gold mining in December. “We are now cleaning and restoring the air and water ways. Water will be pumped out in January-February 2018, after that we will examine the lower horizons”, the company said. The mine is now drying out shaft horizons, examining the gold-extracting factory and purchasing spare parts.…Details