Metinvest plans this year to increase the loading of its plants situated in the city of Mariupol. “This year our Mariupol plants intend to produce over 9 million tons of pig iron and 8 million tons of steel”, the group CEO Yuri Ryzhenkov said. When the Mariupol Ilyich Iron and Steel Works finishes constructing the…Details
Metinvest will try to make the European Commission cancel the fixed duty of 60.5 euro per ton for the delivery of hot-rolled coils to the EU. According to Metinvest CEO Yuri Ryzhenkov, Mariupol Ilyich Iron and Steel Works, the capacity of which is 1-1.5 million tons of hot-rolled coils per year, used to supply some…Details
Metinvest CEO Yuri Ryzhenkov has noted the considerable improvement of the railroad connection with Mariupol. “In March there were some 20 cargo trains per day, which was good for our operation”, he said. “Taking into account reconstruction of our plants and the necessity to load the Mariupol Trade Seaport, we need some 26-28 cargo trains…Details
Metinvest, the vertically integrated steel and mining group of companies, has announced the completion of the refinancing of its $2.271-million debt, consisting of the issuance of two tranches of bonds and the amendment and restatement of its pre-export finance (PXF) facility. As a result, Metinvest issued $1.592 million in new bonds and secured $765 million…Details
Metinvest intends soon to eliminate all the claims from the Antimonopoly Committee of Ukraine to purchase Dneprodzerzhinsk By-Product Coke Plant. “We’re preparing an offer to the Committee, which will satisfy them and allow us getting the green light to buy the plant”, Metinvest CEO Yuri Ryzhenkov said. The official refuse was received in March. “There…Details
Chelyabinsk Iron and Steel Works rolled metal is used to construct the open-air cages in the first private zoological garden in Russia in the city of Nizhny Novgorod.
In particular, ChMK rebars are used when constructing the cage with the pool for the polar bear.
Rolled metal was supplied by Mechel-Service. (Ukrainian metal)
Elgaugol LLC has put a new Komatsu loader in operation. The machine has the capacity of 200-230 thousand tons per month. The volume of its ladle is 11 cubic meters. This year the company will also receive 3 BelAZ dump trucks, a drilling rig, a heavy automatic grader, a wheeled bulldozer and two loaders. (Ukrainian…Details
In 2018 Kamchatka region intends to obtain 6800 kg of gold and 16.5 tons of silver. Ore gold companies will provide for the main part of the output – 6700 kg. Alluvial gold companies have to obtain at least 100 kg. In case the output target is met, gold output will grow by 2% YoY,…Details
In March Volzhsky Pipe Works sold 86.1 thousand tons of products, down by 0.4% MoM and by 2.8% YoY. In February the results were -13.6% and +23.2%, while in January +15.1% and +40.1% respectively. In January-March sales reached 272.7 thousand tons, up by 18.4% YoY, but down by 8% and by 28% from 2016 and…Details
NLMK Group, a global steel company, took part in Wire 2018 International Trade Fair for the first time. Wire 2018 is Europe’s largest trade fair for metal wares, wire, machinery and technologies. The Wire Trade Fair is held biennially in Düsseldorf, Germany, attracting in excess of 1,300 participants, presenting their steel products and equipment, and…Details
NLMK Group revenue in Q1 declined by 1%, to $2.79 billion, but grew by 30% YoY, due to a seasonal drop in sales (-5% QoQ), which was offset by the growth in prices. EBITDA grew to $812 million (+3% QoQ), driven by the growth in steel prices and new operational efficiency programs. Q1 free cash…Details
The prices of the main precious metals decreased on April 24, according to the data published by the Central Bank. The cost of gold decreased by 12.988 manats, to 2255.339 manats per troy ounce compared to the price on April 23. The cost of silver decreased by 0.6679 manats, to 28.373 manats per ounce. The…Details
In 2017 Vysochaishiy received $85 million of net profit, down by 3.4% YoY. EBITDA grew by 17.4%, to $128 million. Revenue totaled $271 million, up by 32.8%, including $261 million from the gold sales, up by 27.9%. Last year the company sold 218 thousand ounces of gold, up by 33.7%. The average price increased by…Details
Agarak Copper-Molybdenum Works intends in short-term to increase capacity, in particular, of its processing factory from 3.5 million tons to 4.1-4.5 million tons of ore per year. In the long-term the company plans to reach 6 million tons of ore processing per year. Last year the company purchased 13 MT-86 dump trucks, a SD-32 bulldozer…Details
Polymetal Int intends to become the sole owner of the Prognoz silver deposits in the Republic of Sakha (Yakutia) by purchasing another 50% in the project. According to Polymetal chief executive director Vitaly Nesis, the deal could be struck in Q2. On April 13 the company announced the finalization of the deal to buy 45%…Details
Novgorodsky Iron and Steel Works has put into operation a new Diemme filter-press within the modernization program of the slurry site of the copper electrolysis shop hydrometallurgical department.
The machinery allowed automating the process of electrolyte purification of slurry.
The cost of the new machinery is some 6 million rubles. (Ukrainian metal)
Since April Krasniy Octyabr Volgograd Iron and Steel Works has started receiving the billets for rerolling from Zlatoust Electrometallurgical Works.
This will allow the sheet-rolling shop of VMK to quickly and in full provide for fulfilling orders.
In January-February Krasniy Octyabr received some 600 tons of slabs from ZEMZ. (Ukrainian metal)
In January-March VIZ-Stal increased metal output by 10% YoY, to 43 thousand tons. The company capacities were 99% loaded. Transformer steel sales grew by 13%, to 41 thousand tons. The positive dynamics has to do with the growth of the world demand for transformer steel. Exports accounted for 80% of sales. The key destinations were…Details
The U.S. can lift sanctions against Russian aluminum producer UC RUSAL if businessman Oleg Deripaska cedes the control, according to documents of the Office of Foreign Assets Control (OFAC). The Treasury Department also prolonged a term for U.S. citizens and companies to terminate all contracts and finish the cooperation with RUSAL until October 23 from…Details
Following the US sanctions, as early as in June Rusal could decrease the number of its employees at Bratsk and Irkutsk Aluminum Works by 10-15%. This will happen if the company fails to sell in China all the aluminum previously exported to other destinations. The main sales markets for Rusal are EU (45%), while US,…Details
In 2017 Poltava Mining and Processing Works received the consolidated net profit of 4.27 billion UAH as opposed to the consolidated net loss of 40.44 million UAH in 2016. According to the company statement, its EBITDA last year grew 16-fold, to 6.04 billion UAH from 377.42 million UAH in 2016. The net income increased by…Details
The government of Ukraine and Eurocommission have started negotiating the non-inclusion of Ukraine into the list of countries as to which the EU could impose limitations on metal products supplies. “We have spoken of the special protective investigation on the import of metal. That’s some 26 items”, deputy minister of economic development and trade, trade…Details
In 2017 Magnitogorsk Iron and Steel Works invested 4,157.8 million rubles in environmental initiatives. From 2018 to 2025 the company plans to spend more than 38 billion rubles on environmental protection. In 2017, 2,578 million rubles were invested in the construction and reconstruction of facilities aimed at improving air quality. As a result of the…Details
The state enterprise Yuzhnodonbasskoye Mine Group No. 1 has cancelled the offers of Erlight LLC and Alfa NT LLC, having cancelled the purchase of conveyer belts with the expected value of 9.25 million UAH. On January 17 the Mine Group announced the purchase of 3 thousand meters of conveyer belts and 3 complexes to operate…Details
The state enterprise Toretskugol has ordered Donenergoexport LLC the delivery of 160 tons of inert dust valued at 637.44 thousand UAH. The seller will supply dust on the basis of CPT. The cost of 1 ton of inert dust is 3984 UAH with VAT, up by 13% from the price of 3510 UAH per ton,…Details
Energomashspetsstal will produce supporting rolls for three ArcelorMittal iron and steel works in France. The company has already started working on the order. In particular, EMSS will supply rolls to AM Atlantique et Lorraine Dunkerque, AМ Atlantique et Lorraine – Florange CSM and AМ Fos-sur-Mer. The combined weight of the order is 282 tons. The…Details