The European Union decided to stop the antidumping investigation on the imports of ferrosilicon from Ukraine and Egypt. The European Commission announced the cancellation of the investigation on April 4, as the Association of European ferro-alloy Producers had revoked its application on February 27. The antidumping investigation began in August 2017. (Ukrainian metal)Details
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The prices of gold, platinum and palladium decreased in Azerbaijan on April 6, while price of silver increased, according to the data published by the Central Bank. The cost of gold decreased by 0.646 manats, to 2257.855 manats per troy ounce compared to the price on April 5. The cost of silver increased by 0.17…Details
Kirov Non-Ferrous Metals Processing Works in 2017 received 26 million rubles of losses, as opposed to three years of profit. Thus, in 2016 the company received almost 130 million rubles of net profit. In 2015 and 2014 the net profit totaled 81 million rubles and 51 million rubles respectively. Revenue last year reached 8.84 billion…Details
Rusal has started mining for bauxites at the Verkhne-Schugorsky deposits in the Republic of Komi. The balance reserves of the new deposits total 65 million tons of ore, enough for 20 years of development. In mid-March the Vezhayu-Vorykvinskoye deposits yielded the 40-millionth ton of bauxites, and the reserves are quickly depleting. Hence, the opening of…Details
This year Dalpolymetall intends to mine 841 thousand tons of polymetalic ore. In particular, the increase will result from the start of the Verkhniy quarry operations. At present Dalpolymetall deposits are united into two clusters – Nikolayevsky mine with Korolevsky site and the Verkhniy quarry. Since the start of the year the company has invested…Details
In 2017 Krasniy Octyabr produced 37.48 thousand tons of stainless steel, while Zlatoustovsky Electrometallurgical Works – 17.48 thousand tons. The combined output reached 54.96 thousand tons, up by 20% in three years. This year output is expected to grow by 5%. (Ukrainian metal)Details
In January-March Ukrained increase ferrous scrap exports 3.6-fold YoY, to 140.116 thousand tons, valued at $47.788 million, up 4.1-fold. According to the State Fiscal Service, in March Ukraine exported 53.558 thousand tons of scrap, in February – 52.634 thousand tons, and in January – 33.814 thousand tons. Imports in 3 months increased by 28.6%, to…Details
There was a heavy smoke in the Pavlogradskaya mine of DTEK Pavlogradugol. According to the company statement, 175 employees were evacuated. The smoke arose as the cable caught fire. The fire was soon extinguished. There were no casualties. (Ukrainian metal)Details
In January-March Ukraine increased coal imports by 57.6% YoY, to 5.745 million tons valued at $760.468 million, up by 33.5%. According to the State Fiscal Service, Russia supplied $472.397 million worth of coal (62.12%), USA – $219.929 million (28.92%), Canada – $48.365 million (6.36%) and other countries – $19.777 million (2.6%). In 3 months Ukraine…Details
Russian aluminum giant UC Rusal plans to launch $216-million production at the world’s largest bauxite field Dian-Dian in Guinea at the end of April, CEO Vladislav Solovyov declared on April 5. “We will launch the 3-million ton mine until the end of April. We have plans to expand capacity to 5 million tons, but it…Details
The Verkhovna Rada Committee on industrial policy and entrepreneurship has approved the draft decree No. 8226 on amendments to the decree “On amendments to some decrees of Ukraine on the decrease of ferrous metals scrap shortage on the domestic market”. “Ukrainian plants will have raw materials, army – weapon and machines, and Ukrainians – jobs…Details
In 2017 Mechel decreased coal output by 9% YoY, to 20.638 million tons. According to the company statement, its steel output grew by 1%, to 4.274 million tons, while pig iron manufacture dropped by 1%, to 4.029 million tons. Coalmining in Q4 2017 decreased by 8% QoQ, to 4.944 million tons, steel output grew by…Details
Metinvest has issued two Eurobond lots with maturity on April 23, 2023 for the amount of $825 million and with maturity on April 23, 2026 for the amount of $525 million. According to Bloomberg, the interest rate is 8%. The 5-year bonds have been issued at 98.986% of the nominal value. The 8-year bonds have…Details