Vorkutaugol, a part of Severstal, has put into operation two new long faces at the Vorkutinskaya and Komsomolskaya mines. The Vorkutinskaya long face reserves are estimated at 468 thousands tons of coal. The mining will be carried out until November. The Komsomolskaya face has 856 thousand tons of coal, enough till March 2018. (Ukrainian metal)
Armenian scientists are working on the new technique to produce magnesium. According to Vagan Lalayan, the head of the Ministry of economical development and investments department of investment policy, their partner is the Ecoatom company. “The company wants to construct a works to produce 1 thousand tons of magnesium per year. There are many ways…
Dneprovsky Iron and Steel Works has started blowing-in its blast furnace No. 9. “The situation at the enterprise is improving. In the near future we will start receiving coke, and we will resume operation”, the acting CEO of the company Alexander Podkorytov said. On March 30, DMK had to shut down its blast furnace because…
On April 5, the Norilsk Nickel Board of Directors set the date for the AGM on June 9, and the record date for the AGM participation has been set on May 16. The list of candidates nominated to the Board of Directors includes: Gareth Penny, Non-executive Chairman of the Board, Pangolin Diamonds Corp. and Edcon…
In January-March Zagorsky Pipe Works increased its customer portfolio. For the first time the PNP pipes were sent for the Yamal LNG and AcrticGas projects. The company also delivered all the necessary pipes to Lukoil West Siberia one month earlier. “In April we intend to produce 13-14 thousand tons of pipes and we are sure…
In 2016 Vostochniy Mining and Processing Works increased net profits 37.2-fold YoY, or by 480.617 million UAH, to 493.891 million UAH. According to the company statement, its net income dropped by 5.8%, or by 164.107 million UAH, to 2680.433 million UAH, while gross profit almost doubled, to 728.611 million UAH. As of December 31, 2016…
In 2016 Ceramet processed and sold almost 1 million tons of scrap, with over 200 thousand tons delivered locally. European customers purchased 800 thousand tons of scrap, with Keramet Polska Sp. z o.o. supplying 60% of this volume and Keramet Hungary Kft – 40%. Last year the company invested 16.8 million UAH in the development…
Energomashspetsstal has shipped the press table weighing 18.5 tons to Germany. The customer is Gerlach GmbH, the daughter company of ThyssenKrupp AG, specializing in the manufacture of metal mills. The contract was concluded in 2014. And the companies have been cooperating since then. (Ukrainian metal)
2016 was the growth period for Kraft Group, as the sales increased by 65.5% YoY. The average monthly sales volume reached 18 thousand tons. Kraft Group is active in supplying metal to socially important projects, including the new terminal in the Domodedovo airport, Zaryadye park in Moscow, Lakhta-Center and the West Speed Diameter in St.…
According to the Canada Border Services Agency, the investigation on the import of steel rebars from Belarus, Taiwan, Hong Kong, Japan, Portugal and Spain has been completed. The duties have been established at 2.4-108.5%. The final decision will be taken by the Canadian International Trade Tribunal on May 3. (Ukrainian metal)
Zaporozhkoks has finished the first stage of the coking batteries No. 5 and 6 reconstruction, having repaired 11 coking boxes of the battery No. 6. According to the company statement, the first stage of the program cost 9.1 million UAH. “The overhaul of the coking batteries extends their life time by 15 years. It will…
In January-March Ukraine imported 3646.205 thousand tons of coal valued at $569.631 million, with $212.041 million in March. According to the State Fiscal Service, Russia supplied $350.834 million worth of coal (61.59% of the total volume), USA – $102.166 million (17.94%), Canada – $43.707 million (7.67%), other countries – $72.924 million (12.8%). In monetary terms…
In January-March Ukraine exported 38.671 thousand tons of ferrous scrap, up 3.3-fold YoY, valued at $11.548 million, up 4.7-fold YoY. According to the State Fiscal Service, imports increased 2-fold YoY, to 8.720 thousand tons valued at $6.474 million, up 4.2-fold. The main suppliers were Turkey (80.72%), Moldova (12.51%) and Russia (5.48%), with the main customers…
Metinvest has transferred its shares in Zaporizhstal from two resident companies, Zaporizhstal-RS LLC and Gals-Invest LLC (both based in Zaporizhia) to Cypriot companies Brandfeld Finance Ltd. and Lasartico Holdings Ltd. According to a report by Zaporizhstal in the information disclosure system of the National Commission on Securities and the Stock Market, with reference to the…
In January-March Ferrexpo, which controls Poltava and Yeristovo Mining and Processing Works, decreased pellets output by 9.11% YoY, or by 263 thousand tons, to 2.624 million tons. In Q1 the group produced 151.6 thousand tons of 62% Fe content ore and 2472.4 thousand tons of 65% Fe content ore. Pellets output from own raw materials…
Izhorsky Pipe Works, a part of Severstal Russian Steel, has started shipping large diameter pipes with special characteristics, used in construction of pipelines crossing zones of active faults. The first batch of pipes has been shipped to Gazprom to be used in the construction of the Sila Sibiri (Power of Siberia) pipeline. The batch included…
EvrazHolding marketing and aftersales department director Valentin Krizsky believes that rebars consumption in 2017 will grow by 8% YoY, to 6827 thousand tons. As of April rebars consumption is on the level of 536 thousand tons per month, up from 446 thousand tons in February and 511 thousand tons in March. Consumption of structural shapes…