Interpipe has won two tenders for the delivery of railroad wheels valued at 295.25 million UAH (with VAT) to the state enterprise Ukrzaliznytsia. According to the auction documents, there were two lots of 7.314 thousand and 9.394 thousand wheels. The wheels have to be delivered by the end of the year. Last year Interpipe increased…Details
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In March Oskol Electrometallurgical Works decreased railroad sales by 6.5% YoY, to 247.8 thousand tons. In three months sales dropped by 3.2% YoY, to 782.1 thousand tons, with sales to domestic customers down by 42.4%, to 133.6 thousand tons, while exports up by 12.6%, to 648.5 thousand tons. Earlier the works has completed the modernization…Details
The state enterprise Selidovugol has ordered the delivery of pumps, lubricants and mining tools valued at 34.64 million UAH. In particular, the Sumy Works “Energomash” will supply 77 pumps of 27 types with the combined cost of 14.5 million UAH. 25125 mining tools of 10 varieties valued at 15.34 million UAH will be delivered by…Details
The trade union of ArcelorMittal Kriviy Rih will not agree to the administration offer of increasing salary to some employees by 5-20% from May 1. “We have become aware that the administration has prepared a presentation about the scheduled rise of salary by 5% to 20% from May 1. But this goes against our demands…Details
In March Evraz NTMK shipped 247.8 thousand tons of rolled metal via railroad, down by 11.5% MoM and by 28% YoY. In February railroad deliveries decreased by 8.4% and 6.1%, and in January by 9.5% and by 17.9% respectively. In three months the company supplied 833.8 thousand tons of metal, down by 17.9% YoY. This…Details
Karelsky Okatysh has finished the scheduled repair of the pelletizing machine No. 2. In particular, the size of the machine was increased. The main repair was carried out in a week. Repairs scheduled for 2018 will increase the machine capacity from 494 to 527 tons of pellets per hour. (Ukrainian metal)Details
In January-March Izhstal sold almost 113 thousand tons of metal, up by 25% YoY. Cast billets saw the highest increase – by 60%, while ingots sales grew by 45%, steel sections by 41% and bars by 20%. In March sales increased by 37% YoY, with steel section sales up by 39% and bars – by…Details
In January-March Russian Coal mined 4 million tons of coal. Some 1 million tons of power-generating coal were mined at the Stepnoy pit in the Republic of Khakasia. Last quarter the company also mined the 60-millionth ton of coal. The Stepnoy pit was put into operation in 1993. In 2017 it yielded over 4.2 million…Details
In January-March UralKuz increased sales by 43% YoY. According to the company statement, customers were shipped some 35 thousand tons of metal, up by 10.4 thousand tons YoY. Railroad axles showed the largest increase in sales – by 63%. Metal for the UralKuz manufacture is supplied by Chelyabinsk Iron and Steel Works. (Ukrainian metal)Details
In 2017 Evraz Yuzhkoks received 5.4 million UAH of losses as opposed to 34.156 million UAH of profit in 2016. According to the company statement, its assets as of late 2017 totaled 1.042 billion UAH, current liabilities – 225.025 million UAH, and consolidated accounts receivable – 272.573 million UAH. On December 19, 2017 Evraz sold…Details
Russian tycoon Oleg Deripaska, President and core beneficiary of troubled aluminum giant UC RUSAL, has declined to be nominated to the board of directors of another metals giant Norilsk Nickel, a spokesperson for the company reported on April 12. “Oleg Deripaska has declined to be nominated to the board of directors of Norilsk Nickel, we…Details
The Russian government does not plan to acquire a stake in the sanction-hit aluminum giant UC RUSAL, but will support facilities of the company so that they don’t stop working, Finance Minister Anton Siluanov declared on April 11. On April 6 the U.S. imposed sanctions against 38 Russian tycoons, officials and companies, including tycoon Oleg…Details
Swiss commodity trader Glencore, one of the biggest buyers of aluminum produced by troubled Russian aluminum giant UC RUSAL, has declared force majeure on 50,000 tons of aluminum contracts, Bloomberg reported citing people familiar with the matter. “The declaration applies to about 50,000 metric tons of contracts between Glencore and aluminum consumers that specify the…Details