Production of thermal and coking coal in Ukraine declined by 9.2% YoY in January-August, to 23.606 million tons, according to the Ukrainian Energy and Coal Industry Ministry’s press service. State-owned mines alone produced 3.1 million tons of coal of the total output, while coal production at the state mines fell by 20% over the period…
DetailsInterpipe expects Ukrzaliznytsia to announced a new scrap auction in the coming weeks. “Ukrzaliznytsia is shipping the last batches of scrap to us following the latest auction. They still have to send us some 3-4 thousand tons. In the coming weeks we expect them to announce a new auction and we intend to participate”, the…
DetailsAccording to some sources the debts of the Donetskstal Group to the banks could reach $1 billion. Creditors have doubts as to the company financial reports. Among the largest creditors is ING Bank NV, the Ukrainian subsidiary of Sberbank, VTB Bank, Alfa-Bank, Delta Bank, etc. (Ukrainian metal)
DetailsInterpipe Steel is pondering the possibility of importing scrap from the USA. According to the company CEO Fadi Khraibe, scrap situation in Ukraine is complex, with a negative forecast. “At present the market is balanced. In November it will change. In Q1 2018 there will be a shortage of scrap and we will have to…
DetailsIn January-August raw copper output totaled 0.279 million ton, up by 5.5% YoY. In August copper manufacture increased by 4.1% YoY, but dropped by 7.1% MoM, to 0.033 million tons. Zinc production decreased by 0.3% YoY in January-August, to 0.217 million tons, with 0.028 million tons produced in August, up by 5.8% MoM and by…
DetailsKhakanjinskoye LLC intends to invest 500 million rubles into the Khakanjinskoye gold deposits. According to the company owner Peter Migalchan, the funds will be used to buy mining machinery and equipment and prospecting. At present the deposits yield some 9.5 thousand tons of ore per month. Additional investments will increase output to 13.5 thousand tons…
DetailsIn August Dneprospetsstal produced 23251 tons of steel and 14376 tons of rolled metal, up by 10% and by 3.7% MoM respectively. The total cost of the products manufactured in August dropped by 8.4% MoM, to 611643 thousand UAH. In January-August DSS produced 172138 tons of steel and 112875 tons of rolled metal, valued at…
DetailsDespite being situated in the military activity zone, Avdiivka Coke and Chemical Works is modernizing its capacities. In particular, the company is constructing the crude benzol storage and a new tube-type furnace, modernizing the railroad network and the coke shop No. 4. This year the company intends to start a new environment project to stop…
DetailsThe commercial court of Donetsk region has refused to open a bankruptcy case against Energomashspetsstal on the demand of the national energy company Naftogaz Ukrainy. The claim was submitted by the Naftogaz daughter company – Gaz Ukrainy. On April 22, 2015 the commercial court of Zaporozhye region ruled to recover over 12 million UAH from…
DetailsShareholders of Yuzhniy Mining and Processing Works decided to pay 16.163 billion UAH of dividends (10.16 UAH per share). According to the company statement, the payment of dividends will start on September 25 and will end in 6 months. In 2016 UGOK received 5.904 billion UAH of profit, up 1.7-fold YoY, having increased its net…
DetailsIn October the state enterprise Ukrzaliznytsia intends to increase throughput of the railroad route Kamysh-Zarya – Volnovakha to 19 pairs of cargo trains per day. Previously the route was not used for transportation, but after the military activities in Donbass started, it became the main route for iron ore raw materials delivery to Mariupol Ilyich…
DetailsMMK has developed and implemented a new technique to produce rolled sheet with the Arc index to be used in the Arctic region. The metal will be used in constructing ships to sail in the North, as well as engineering machines to be used there. MMK metal can be used at the temperature of –70…
DetailsOlenegorsk Mining and Processing Works has purchased 4 new Caterpillar 136-ton dump trucks. “The investment project valued at over 400 million rubles will allow the company to reach its business plan of 18.8 million cubic meters of rock. Taking into account new machines, by the end of the year we will have 30 dump trucks…
DetailsThe Dobropolye Central Processing Factory has set an absolute record of monthly output in its 65-year history. In August the factory processed 377 thousand tons of coal. This year the enterprise intends to process over 4 million tons of coal. “This record has been made possible by the operation of all the employees as well…
DetailsThe Donetsk Works of Aluminum Sections, situated in the Russia-supported terrorist-occupied territory, has started producing aluminum wire rod. “The works main customers are machine-building, trade and construction companies”, the so-called acting minister of industry and trade Alexei Granovsky declared. At present the company is the largest producer of aluminum sections with coating in the area.…
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