The third batch of 80,000 tons of coal from the United States was delivered by the MG Explorer vessel to the state-run Yuzhny (“Southern”) Sea Commercial Port in Odessa region for Ukraine’s major power generating company PJSC Centrenergo, according to the port’s press service. “There is 80,000 tons of coal on board the bulk carrier.…
DetailsIn January-September the net profit of Rusal according to the International standards increased by 46.4% YoY, to $782 million. Corrected net profit increased 2.9-fold, to $727 million, EBITDA – by 42,4%, to $1.534 billion, revenue – by 21.3%, to $7.224 billion. The company net debt as of September 30 was $7.592 billion as opposed to…
DetailsEnergy and Coal Industry Minister Ihor Nasalyk has said that the National Coal Company plays a key role in the process of reforming the coal industry of Ukraine. “The establishment of the National Coal Company is the only key to reform the coal industry in our country. The government of Groysman came to power when…
DetailsThe reform of the state coalmines, enshrined in the national energy strategy, is aimed at modernizing the coal mines and providing the state with its own coal, Ukrainian Prime Minister Volodymyr Groysman said during an hour of questions to the government at the Verkhovna Rada. “We are the country that must provide itself with all…
DetailsAccording to the State Property Fund of Ukraine, the starting price of the enterprise is 538.98 million UAH. The lot also includes over 85 thousand pieces of equipment not put into operation. The fund has been trying to sell the works for a couple of times now. In 1995 Zaporozhye Aluminum Works received a $76.45…
DetailsThe coal-preparing shop No. 2 of Avdiivka Coke and Chemical Works decreased electricity consumption by 90 thousand kW this year. The shop operates two powerful magnets, which remove metal particles from the charge. They are hung on the cranes over the conveyer belt and constantly consume electricity. The works has developed the scheme to switch…
DetailsIn October Zaporozhogneupor increased output of molded, chamotte and magnesia rerfactories. According to the company statement, it produced 9200.82 tons of molded and 371.14 tons of chamotte refractories. In January-October Zaporozhogneupor produced 83197.42 tons of molded refractories, up by 103.65 YoY. (Ukrainian metal)
DetailsIn October Russia transported 6.17 million tons of ferrous metals via railroad, up by 1% MoM and by 6.3% YoY. In September the results were up by 2.5% and by 10.1%, while in August up by 0.7% and by 2% respectively. In October deliveries to the local market totaled 3.55 million tons, down by 1%…
DetailsIn January-October Magadan region produced 29.1 tons of gold, up by 16.5% YoY. In particular, 12.1 tons of ore gold and 17 tons of alluvial gold, up by 31% and by 8% YoY respectively. The main contributors in the region were Pavlik (5.2 tons of gold) and Susumanzoloto enterprises (5 tons). This year the region…
DetailsThe capital repairs of the 750-billet mill in the rolling-shop of Zlatoust Electrometallurgical Works began on October 5, and on October 20 the renewed mill started producing metal again. The 750-mill produces rolled billets for additional rolling at the mills 400 and 280, as well as round bars with the diameter of 80-210 mm, square…
DetailsKlyuchevsky Ferroalloys Works has resumed operation after a major overhaul. The repair has been carried out in the kiln No. 1. As the company was bound by international contracts it could not halt operation during the national holidays, so it decided to carry out repairs during the additional days off. (Ukrainian metal)
DetailsBrazil has decided to postpone the imposition of antidumping duties on Russian and Chinese hot-rolled coils. The investigation begun in April 2016 confirmed the dumping deliveries and the damage to local manufacturers. But the rolled metal consumers have asked the government not to impose antidumping duties as they may increase the price of the end…
DetailsIn January-September Chepets Mechanical Works received 1.73 billion rubles of net profit, up by 24% YoY. Sales revenue reached 8.97 billion rubles, up by 2.5% YoY. Since the start of the year the company has paid 1.52 billion rubles of taxes to the budgets of various levels. (Ukrainian metal)
DetailsThe authorities of the so-called Donetsk People’s Republic, a terrorist organization created and supported by Russia, intend to promote their own metal project on the basis of Donetsk Iron and Steel Works. But the problem of the DPR authorities is the harsh competition with the “outer manager” appointed by Russia to rule companies seized from…
DetailsThe state enterprise Ukrpromvneshexpertisa forecasts that pig iron prices will continue growing influenced by the expected growth of scrap price. By the end of November the rolled metal trade will have revived, which will allow exporters to increase prices. The forecast range of prices for November is $320-370 per ton FOB. In October negative trends…
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