As of June 11, Ukraine has emptied its individual tariff quotas for the delivery of seamless pipes of stainless steel, other seamless pipes and unalloyed wire to EU. Rebars quota is 99.26% full, cold-rolled metal – 98.13%, angles and sections – 96.63%, and hollow sections – 98.54%. The wire rod quota has been 73.59% fulfilled,…Details
Alfa-Bank has reduced its stake in Russian precious metals producer Polymetal International by 0.03% to 4.98%, the bank said in a statement on June 11.
The reason for the reduction was not disclosed. (Prime/Ukrainian metal)
“We must hear the government’s information about Kumtor before recess,” MP Kozhobek Ryspaev said at a meeting of the Parliament on June 12. According to him, there is a decree of the Parliament on monitoring the negotiations on a new agreement on Kumtor. Therefore, it is necessary to consider information of the government on the…Details
Velcom LLC, extracting gold on the territory of the Khabarovsk region, intends to obtain 50 kg of alluvial gold this season. Sands washing traditionally started in May. The company operates at one licensed site – the Bolin Brook deposit. So far 9 kg of gold has been extracted. Last year output was 60 kg. The…Details
Cherepovets Iron and Steel Works has assembled and put into operation an APR-650 coil-rewinding machine with the capacity of 650 thousand tons per year.
The machine is scheduled to reach its design capacity in Q3.
Over 30 jobs have been created.
In May employees were trained by LDM (Italy) specialists. (Ukrainian metal)
Severstal shareholders have approved the payment of dividends for Q1 in the volume of 35.43 rubles per share, down by 7.5% YoY. The total amount of dividends will be 29.68 billion rubles, with Alexei Mordashov as the main shareholder (77.03%) accounting for 22.86 billion rubles. In Q1 2018 the company paid 38.32 rubles per share.…Details
Karelsky Okatysh is carrying out a number of projects to increase product quality. In particular, the company has assembled machinery for magnetic gravity separation. The technique will be tested in the concentrate and pellets manufacture. It is expected to increase iron content by 1.5% and decrease silicon content. Another project is to decrease pellets basicity.…Details
The department of the inner market protection of the Eurasian Economic Committee has published a report on the investigation of the imports of some types of rolled metal. Following the investigation the department suggests imposing a special protection measure in the form of a quota for a year to prevent considerable damage to the metal…Details
In H1 ChTPZ expects to sell over 900 thousand tons of pipe products. According to the pipe division CEO Boris Kovalenkov, the expected drop of revenue – to 88 billion rubles – will be compensated for in H2. Net debt to EBITDA ration will be 2.5-2.75. Last year ChTPZ pipe division enterprises sold 1.92 million…Details
Metinvest will invest 4 million UAH in the projects to create children development centers in Kriviy Rih. The best projects will be chosen at the business idea competition organized by the Kriviy Rig Foundation of the Future and implemented with the help of Metinvest. Each project will receive a grant of at least 300 thousand…Details
In the lead-up to World Environment Day, ArcelorMittal Kriviy Rih invited the public to its industrial facilities that were declared in the city environmental program and already reconstructed with significant environmental benefit. Environment protection specialists of Mining and Steelmaking Complex companies, the representatives of governmental entities, local government authorities of Kriviy Rih and other cities…Details
Since December 2018 Promtechpostach LLC has received a number of orders from state mine groups on the delivery of cable products valued at 113.22 million UAH. Selidovugol ordered 59.7 million UAH worth of cables, Lvivugol – 43.64 million, and Yuzhnodonbasskoye No. 1 Mine Group – 9.88 million UAH. In particular, Selidovugol will receive 65 km…Details
Ukrainian scrap collection volumes have fallen over the past year, dented by declining availability of obsolete scrap and a sharp fall in exports. Total Ukrainian scrap collection fell by 7% YoY, to 1.04 million tons in January-April, industry association UAVtormet’s president, Volodymyr Boubley, said last week. The trend continued in May amid extended holidays at…Details
Magnitogorsk Iron and Steel Works (MMK)’s Industrial Park ranked 30th in the Investment Attractiveness Rating of Industrial Parks and Special Economic Zones according to media group Expert. In 2018, MMK Park rose by 17 places in the rating, changing the project from a “BB” attractiveness rating (for parks that are quite attractive, but require improvements…Details
Magnitogorsk Iron and Steel Works (MMK) has signed a contract with ETM on supply of electrical equipment. The contract allows MMK to order equipment directly through the ETM iPro Internet platform, which will significantly save procurement time and increase the efficiency of the company’s supply system. The agreement with one of Russia’s leading professional distributors…Details
Russia: MMK saves half a billion rubles via digital model for delivery and consumption of coal raw materials
Magnitogorsk Iron and Steel Works (MMK) saved 500.9 million rubles in 2018 through the use of a mathematical model to optimize the delivery and consumption of coal. These savings were achieved by improving the structure of coal charge and the quality of coke. This model is part of MMK’s large-scale digitalization strategy. The program is…Details
“A gold processing mill with a capacity of 5 million tons a year will be built soon in Burabay district, Akmola region,” deputy governor of Akmola region Marat Igaliyev announced. RG Gold Company is developing the Raigorodok gold ore field in Akmola region. It is situated along the big gold ore belt not far from…Details
Ukraine in January-May increased by 1.3% YoY, to $1.265 billion, expenditures to cover hard coal and anthracite imports, the State Fiscal Service reported. According to the latest stats, over the reporting period, some 9.1 million tons of coal have been imported. The largest suppliers remain Russia, the United States, and Canada. Coal imports from Russia…Details
A draft law on prohibition of activities related to the geological survey of the subsoil for prospecting, exploration and development of uranium and thorium deposits in Kyrgyzstan was submitted to the Parliament. The document was initiated by the MPs Altynbek Sulaimanov, Almambet Shykmamatov, Kanat Kerezbekov, Myktybek Abdyldaev, Baktybek Turusbekov, Dastan Bekeshev and Altynbek Zhunus uulu.…Details
Manson Group LLC has transferred $1 million for the implementation of Makmal Gold Company LLC project, Kyrgyzaltyn OJSC reported. The financing is carried out according to the agreement on joint activities. In addition, the procedure on transfer of the assets of Kyrgyzaltyn OJSC in the branch of Makmalzoloto Combine to the authorized capital of the…Details
Interros holding Russian tycoon Vladimir Potanin and aluminum giant UC RUSAL of tycoon Oleg Deripaska are not discussing any adjustments to the dividend policy of metals giant Norilsk Nickel, a source in Interros reported. “There was a suggestion from Interros, but it did not satisfy some of Norilsk Nickel’s shareholders. The issue is not discussed…Details
In January-May Ukraine exported 389.882 thousand tons of ferroalloys, down by 0.6% YoY, valued at $427.560 million, down by 5.8%. According to the State Fiscal Service, the main customers were Turkey (17.18%), Italy (16.21%) and the Netherlands (9.4%). In 5 months Ukraine imported 19.378 thousand tons of ferroalloys, down by 10.4% YoY, valued at $62.109…Details
In January-May Ukraine exported 16.867 million tons of iron ore raw materials valued at $1.428 billion, up by 12.7% and by 25.5% YoY respectively. According to the State Fiscal Service, the main customers were China (23.8%), Poland (14.28%) and the Czech Republic (10.8%). In 5 months Ukraine imported 45 tons of iron ore raw materials…Details
In January-May Ukraine increased ferrous scrap imports by 38.4% YoY, to 28.71 thousand tons valued at $14.792 million, down by 10.9%.
According to the State Fiscal Service, the main suppliers were Russia (49.09%), Turkey (43.71%) and Korea (3.13%).
This year Ukraine did not import or re-export hot-briquetted iron. (Ukrainian metal)