The sole owner of Stalkanat-Silur, Vladimir Nemirovsky has sent 60 million UAH (0.57 UAH per ordinary share) from the 2017 net profit to pay dividends. The decision was taken on July 2. The dividends will be paid not later than on January 2, 2019. In 2017 Stalkanat-Silur increased net profit 4.3-fold YoY, to 148.859 million…Details
In January-June Mariupol Ilyich Iron and Steel Works increased rolled metal output by 9% YoY, to 1.45 million tons. Steel manufacture grew by 8.5%, to 1.61 million tons, and pig iron – by 23%, to 2.3 million tons. In June the company produced 245 thousand tons of rolled metal, 274 thousand tons of steel and…Details
In June Ukraine decreased steel output by 2% MoM, to 1.67 million tons. Pig iron manufacture grew by 3%, to 1.63 million tons, while rolled metal dropped by 2%, to 1.52 million tons. In January-June pig iron manufacture increased by 14% YoY, to 10.15 million tons. Steel output grew by 5%, to 10.35 million tons,…Details
In recent years the issue of labor migration in Ukraine has been one of the hottest topics for discussion. The question “What shall be done to retain qualified specialists” is the subject of concern for many companies. In this regard, PJSC ArcelorMittal Kriviy Rih is a unique company. It does not have problems with loss…Details
The prices for main precious metals prices rose on July 9, according to the data published by the Central Bank. The cost of gold increased by 6.324 manats, to 2140,2065 manats per ounce compared to the price on July 6. The cost of silver increased by 0.1779 manats, to 27.4062 manats per ounce. The cost…Details
The state enterprise Lvivugol has completely cleared the salary debt to its employees for May.
The enterprise received money from the state company Ugol Ukrainy, which allowed paying the May salary.
Shortly the enterprise will start paying wages for June.
In June Lvivugol cleared the April salary debt. (Ukrainian metal)
Kazakhstan’s National Atomic Company (NAC) Kazatomprom JSC has delivered over 3,100 tons of uranium to the British Yellow Cake company, says the message posted on the website of NAC Kazatomprom JSC. “Following the successful floatation of Yellow Cake plc, NAC Kazatomprom JSC is pleased to confirm that its long-term supply contract with Yellow Cake, which…Details
The price of one ounce of gold increased by 7.497 manats or by 0.3526% last week, to 2,127.2508 manats. The price of one ounce of silver decreased by 0.0078 manats or by 0.286%, to 27.1837 manats. The price of one ounce of platinum decreased by 3.9695 manats or by 0.2759%, to 1,420.1579 manats. Last week,…Details
Because of the critical situation at the state coal enterprises, the Independent Miners Union has prepared an address to the president, prime minister and the Verkhovnaya Rada chairman. According to the union chairman Mikhail Volynets, the main problems in the industry are the wage debt growth totaling over 1.1 million UAH, the decrease of coal…Details
VIZ-Stal has started repairs of one of the four filter presses of the cleaning facilities.
The repair presupposes the replacement of 15 filter plates.
The commissioning of the machine is scheduled for late 2018.
Assembly will be carried out in October.
VIZ-Stal will invest some 12 million rubles in the project. (Ukrainian metal)
Kamensk-Uralsky Foundry Works is carrying out a program to renew machinery.
The company specialists are assembling pressure sintering machines.
Characteristics-wise the two manufacturing lines are better than 12 old furnaces.
Both lines have been made to order and have no analogues in Russia today. (Ukrainian metal)
Interpipe believes in summer scrap procurement will decrease by 20%. “The market is saturated with scrap now, but with the coming of summer we see a traditional decline. We believe the drop in the scrap procurement will reach 20%”, Interpipe CFO Denis Morozov said. At the same time, scrap demand will grow, as ArcelorMittal Kriviy…Details
According to the State Fiscal Service, in January-June Ukraine imported 11.084 million tons of coal, up by 40.7% YoY, valued at $1.531 billion, up by 21.8%. Russia supplied $962.723 million worth of coal (62.88%), USA – $483.95 (31.61%), Canada – $48.365 million (3.16%) and other countries – $26.028 million (2.35%). At the same time in…Details
The minister of energy and coal industry Igor Nasalik is personally responsible for the situation in the state coal industry, the Prime Minister Vladimir Groysman declared. “The situation in the industry is unsatisfactory. The minister has been told many times to start restructuring and modernizing mines, as well as increasing coal output”, he said. “I…Details
Donetsk region state mine groups have concluded 2 agreements with the Mirnogradskaya Central Processing Factory to process coal for the total amount of 136.3 million UAH. The state enterprise Selidovugol has ordered processing of 660 thousand tons of coal at 145 UAH per ton (95.7 million UAH) until June 2019. The state enterprise Toretskugol will…Details
This year UAH 3 billion will be allocated from the state budget to cover the difference in cost and market price of coal, Prime Minister of Ukraine Volodymyr Groysman said during an Hour of Questions to the Government. “The state of affairs in the coal sector is very poor, and this isn’t good for the…Details
In June Energomashspetsstal shipped over 100 tons of supporting rolls to Mariupol Ilyich Iron and Steel Works.
The rolls have been produce under the agreement signed last October.
EMSS has to produce some 500 tons of rolls for Mariupol Ilyich.
The rolls will be used at hot- and cold-rolling strip mills. (Ukrainian metal)
In June rolled metal and pipes shipment via railroad from the main market players totaled 4.92 million tons, down by 7% MoM, but up by 7.4% YoY. Sales on domestic market were 3 million tons, down by 5.6%, but up by 7.1%, while exports – 1.09 million tons, down by 9.1%, but up by 7.9%…Details
In June railroad transportation of ferrous metals totaled 6.2 million tons, down by 5.2% MoM, but up by 15.7% YoY. Deliveries to the domestic market reached 3.64 million tons, down by 3.5% MoM, but up by 14% YoY. Exports totaled 2.1 million tons, down by 6.1%, but up by 22.5%. Imports were on the level…Details
In June railroad deliveries of ferrous scrap to the metal works and pipe companies totaled 1.44 million tons, up by 7.6% MoM and by 10% YoY.
In January-June scrap deliveries dropped by 1.6% YoY, to 5.93 million tons. (Ukrainian metal)
The governmental commission on support of priority investment projects in the Republic of Bashkortostan has approved provision of state support to a number of projects. In particular, this is the project of Sibay Mining and Processing Works, a part of UGMK, to maintain capacities and reconstruct mine and dump waters cleaning facilities at Sibayskoye and…Details
The rolling shop No. 3 of ZEMZ has started assembling the centerless turning machine used to turn round bars. Earlier all the earthworks at the site have been carried out, the concrete foundation has been laid. All the work was performed by the company construction department. The machine can turn up to 3200 tons of…Details
In June Severstal-Gonvarri-Kaluga LLC successfully passed the re-certification audit for the correspondence to the international standards of ISO 9001:2015 and IATF 16949:2016. Bureau Veritas carried out the re-certification audit. SGK management system is certified according to ISO 9001:2015, IATF 16949:2016, ISO 14001:2015 and OHSAS 18001:2007. The first certification was carried out in 2011 according to…Details
Izhstal has repaired the arc steel furnace to produce stainless, tool and speed steel grades. The repair of the rolling mill-450 has also been completed. All the work was performed according to schedule. The repaired arc furnace produces high-alloyed steel grades. The site capacity is 60 thousand tons per year. The mill-450 produces rolled metal.…Details
Next year prices of metal products and raw materials will stabilize, Evraz says. “We believe the prices of coal and steel will return to a more sensible level. It’s difficult to say, when this happens, but probably already in the second half of the year. Or next year”, Evraz vice president on finances Nikolai Ivanov…Details
In 2017-2018 the United Mining and Chemical Company bought special machinery worth 195.9 million UAH. In particular, for its subsidiaries of Volnogorsk Iron and Steel Works and Irshansk Mining and Processing Works it purchased 47 units of machines, including 24 special machines, and 17 cargo and passenger machines. Volnogorsk Works saw the largest machine park…Details