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Mechel-Service has filed bankruptcy suits to Ak Bars and its subsidiary Ak Bars Metal. The amount of suit to each company is less than 6.2 million rubles. The Ak Bars assets cost amounts to 5 billion rubles, and the net profit in 2018 was 5 million rubles. Ak Bars Metal net profit last year was…
DetailsBystrinsky Mining and Processing Works has received a Rostechnadzor statement of conformity on its 10 stages of construction. Other 12 stages are being studied by the service. The commission plan of the works envisions 49 stages. So far conformity statements have been given for two quarries – Verkhne-Ildikanskiy and Bystrinsky-2, as well as road infrastructure.…
DetailsVorkutinskaya mine of Vorkutaugol has started working on a new long face. The face 712 is situated in the Troynoy layer, and its deposits amount to 800 thousand tons of coking coal. The long face is expected to be in development until May 2020. The transition from the previous long face to the new one…
DetailsUkrmetallurgprom believes that in September 1.85 million tons of steel will be produced in Ukraine. According to the enterprise information, pig iron output would be 1.75 million tons and rolled metal – 1.65 million tons. As of August 13, 17 out of 21 blast furnaces, 8 out of 9 open-hearth furnaces, 14 out of 16…
DetailsIn July Ukraine procured 192 thousand tons of scrap, down by 41% MoM. All the scrap procured was supplied to the domestic metal enterprises. No scrap was exported. In 7 months of 1.918 million tons of scrap procured (down by 12% YoY) domestic companies received 1.881 million tons (down by 1%), while 37 thousand tons…
DetailsIn July Ukrainian metal companies consumed some 220 million cubic meters of natural gas, up by 47% MoM. In 7 months gas consumption grew by 3% YoY, to 1.11 billion cubic meters. Metal companies also consumed 950 million kW-h of electricity, on par with June, and in January-July – 6.75 billion kW-h, down by 2%…
DetailsUS-Group has addressed the office of the president of Ukraine and the Ministry of Justice asking to protect it from a raider takeover carried out by an illegal re-registration of ownership rights in the state registry. The illegal change of ownership was carried out on July 18. The changes in the state registry were made…
DetailsIn January-July seaports of Ukraine increased metal and mining cargo transportation. In particular, the transportation of ore grew by 29.5% YoY, to 20.15 million tons, while that of ferrous metals dropped by 2.1%, to 9.63 million tons. According to the Ukrainian Associations of Seaports, rolled metal transportation increased by 1.2%, to 6.14 million tons, and…
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