Lebedinsky Mining and Processing Works has produced the 700-millionth ton of iron ore concentrate. The first ton of the concentrate was received in November 1972. At that time the capacity of the works was 7.5 million tons of ore per year. Now its capacities are much higher – to produce 100 million tons of concentrate…
DetailsMMK is preparing to purchase Lysva Iron and Steel Works. According to a source, the parties have signed preliminary documents and MMK has applied to the Federal Antimonopoly Service. The Service confirmed the receipt of the documents on August 17, but prolonged their reviewing to study the competition environment. MMK says it is regularly monitoring…
DetailsAstana is ready to hold consultations with Kiev regarding antidumping duties on certain types of steel pipes imported from Ukraine in the Eurasian Economic Union (EAEU). “Kazakhstan is ready to hold consultations with its Ukrainian colleagues. The possible timeframes of the consultations are being discussed,” a source at the National Economy Ministry of Kazakhstan reported.…
DetailsIn September the Dobropolye Central Processing Factory reached the 3-million ton processing milestone since the start of the year. This happened 20 days earlier than last year. The factory with the project capacity of 2.5 million tons is steadily on its way to process 4 million tons of coal. In 8 months DTEK investments into…
DetailsThe Kharkiv Works of Lifting and Transport Machinery (KhZPTO) has produced and shipped a crane with the capacity of 16 tons to ArcelorMittal Kriviy Rih. This is the second law crane produced by KhZPTO for AMKR. The experience from the previous order allowed the company to meet the customer’s requirements to the full extent. (Ukrainian…
DetailsThe Lugansk region prosecutors have found out that Alchevsk Iron and Steel Works officials have evaded paying taxes in large amounts. In particular, in February AMK imported 19 thousand tons of coal and concentrate valued at almost 100 million UAH from Russia. The company submitted additional customs declarations with new data on foreign trade, and…
DetailsEurasian Economic Committee has fined two Russian companies for 217 million rubles. NLMK and VIZ-Stal LLC were found guilty of taking actions affecting the competition on the border markets of two or more EAEU countries. From January 1, 2005 till June 30, 2016 the companies, being a sole market participant in Belarus, Kazakhstan and Russia,…
DetailsIn January-July Russia imported 107 thousand tons of steel pipe products from Germany, up 24-fold. June showed the record volumes – 53.7 thousand tons in the history of imports from Germany. In May and July imports were also considerable (some 25.5 thousand tons). Large diameter pipes account for around 95% of the imports. And they…
DetailsBelarus Iron and Steel Works is expanding the range of its exports. This year two new countries were added to the company destination. For the first time in its history BMZ has sent metal to Benin and Togo. In January-August BMZ exported to 51 countries. The largest importers were Russia, the Netherlands, Israel, Lithuania, Poland,…
DetailsIn August Russia produced 4.9 million tons of pig iron, down by 5.9% YoY (4.915 million tons in July). In January-July Russia produced 40.001 million tons, down by 3% YoY. Ukraine in August decreased pig iron output by 8.8% YoY, to 1.79 million tons (as in July), and by 17.2% YoY in January-August, to 13.238…
DetailsSince its commissioning in 2003 Rosterminalugol has exported 140 million tons of coal. The 130-millionth ton was exported on May 15, on the port’s birthday. The anniversary 140-millionth ton was loaded onto Rixta Oldendorf bulker (Post-Panamax), which took onboard over 111.3 thousand tons of coal. (Ukrainian metal)
DetailsBecause of the limitation of steel coils supplies from metal works, Korolevsky Pipe Works intends to shut down its manufacture from October 15. In October the company will produce 15 thousand tons of pipes. The decrease will affect all pipes sizes, produced at the works. (Ukrainian metal)
DetailsIn January-July Russia imported 17.1 thousand tons of stainless steel rods, up by 25.6% YoY, valued at $4.5 million, up by 39.4%. According to the customs statistics, nickel contents mostly do not exceed 2.5%. Ukraine accounts for around 60% of all the volume, up by 8.2%. In July the average price was $2414 per ton.…
DetailsIn July Metinvest EBITDA increased by 8.84% MoM, or by $13 million, to $160 million, with revenue up by 1.67%, or by $12 million, to $732 million. According to the group statement, in July it sold 265 thousand tons of semi-finished products valued at $101 million. In particular, it sold 154 thousand tons of pig…
DetailsIn August the global pig iron output increased by 2.6% YoY, to 102,472 million tons. According to World Steel Association, China is leading with 62.608 million tons, up by 4% YoY. Ukraine is on the 9th position with 1.79 million tons, followed by Taiwan with 1.25 million tons and preceded by the USA with 1.86…
DetailsMoody’s has improved from Stable to Positive the outlook for Rusal. The company corporate rating remained on Ba3 level. “Our decision to change the Rusal outlook is connected with the decrease of borrowed money early in the year on the background of the profit increase as the prices for aluminum improved”, the agency said. In…
DetailsSMS group will supply a 290-ton ladle furnace to ArcelorMittal Temirtau. The company will also supervise the assembly and commissioning of the new complex. The cost of the machinery is not disclosed. The new furnace will be put into operation in Q2 2018. (Ukrainian metal)
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