Russia: UMMC revenue up in 2016

In 2016 Ural Mining and Metallurgical Company received $5.3 billion of consolidated revenue, up by 17% YoY.

The group EBITDA reached $1.2 billion.

Non-ferrous metals accounted for 51% of the revenue, coal – 20%, precious metals – 9%. Exports share was 48%. (Ukrainian metal)

Russia: Niman gets 98 kg of gold

So far this year the Niman artel LLC has obtained 98 kg of gold, up by 6 kg YoY.

Niman washes for alluvial gold in the Verkhebureinsky district of Khabarovsk krai. The industrial season started in early May. In the first month of operation the company washed 20 kg of gold. (Ukrainian metal)

Russia: Severstal to supply hot-rolled sheet for drilling rigs manufacture

Severstal will supply 1300 tons of hot-rolled sheet of various grades to Uralmash NGO Holding LLC to produce drilling rigs.

The sheets will be delivered by Severstal Distribution directly from Cherepovets Iron and Steel Works. (Ukrainian metal)

Russia: UMMC to produce 360 thousand tons of cathode copper in 2017

In 2017 Ural Mining and Metallurgical Company plans to produce 280 thousand tons of zinc, up by 8-10% YOY.

Cathode copper output is expected to reach 360 thousand tons. (Ukrainian metal)

Russia: TMK developing premium pipes

According to TMK-Premium-Service CEO Sergey Rekin, new difficulties in hydrocarbons extraction make it necessary to invent new approaches to products used in construction and development of oil and gas shafts.

That is why TMK is aiming at producing such pipes that meet all the requirements and have improved parameters. (Ukrainian metal)

Russia: Evraz NTMK, Nippon Steel and Mashprom sign trilateral agreement

Evraz NTMK has signed an agreement on cooperation with Nippon Steel (Japan) and Mashprom. The document presupposes development of by-product coke manufacture at the Nizhniy Tagil works. The agreement has been signed by Evraz NTMK and Evraz KGOK managing director Alexei Kushnarev, Mashprom managing director Alexander Kotelnikov and Nippon Steel European representative office in Dusseldorf…

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Kazakhstan: Canada introduces duties on silicon steel

According to Canadian Border Service, the country has imposed antidumping duties of 135.3% on the import of silicon steel from Kazakhstan.

The same duty has been applied to the steel from Brazil, Malaysia, Norway and Thailand. Moreover, exporters from these countries received duties for subsidizing in the volume of 23.5%. (Ukrainian metal)

Ukraine: scrap export duty bill vetoed

The president of Ukraine Petr Poroshenko has vetoed the bill No. 6382 “On changes to the Decree of Ukraine “On changes to some decrees of Ukraine as to the decrease of the ferrous metals scrap deficiency on the local market”. The bill has been returned with the president’s marks. Earlier the Verkhovnaya Rada decided to…

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Ukraine: miner dead at Selidovugol

An accident happened at the “Russia” mine of the state enterprise Selidovugol in Donetsk region, resulting in the death of a miner. “Another miner with medium damages has been transported to the Selidov city hospital”, the Donetsk regional military-civilian administration chairman Pavel Zhebrivsky wrote on his Facebook page. According to him the accident happened on…

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