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In 2017 United Mining and Chemical Company increased sales by 20% YoY, to 2.769 billion UAH. “Despite serious competition and considerable dependence of the company on world quotation changes, UMCC last year was able to sell 124 thousand tons of ilmenite concentrate, its main product, at Volnogorsk GOK up by 41% YoY. Sales at Irshansk…
DetailsIn January Ukraine produced 1.9 million tons of steel, up by 0.5% MoM. According to Ukrmetallurgprom, pig iron output grew by 2%, to 1.94 million tons, but that of rolled metal dropped by 1%, to 1.68 million tons. Steel output decreased by 6% YoY, rolled metal – by 7%, but that of pig iron grew…
DetailsPJSC ArcelorMittal Kriviy Rih summed up the results of its investment program implementation in 2017. Capital and operating expenditures increased by 48% YoY, from UAH 6.1 billion to UAH 9 billion. This money was spent on new facilities construction and equipment capital repairs, as well as environment improvement. Last year the company started construction of…
DetailsThe board of directors of the Russian steelmaker Severstal has recommended paying 27.72 rubles per share, almost flat YoY, in dividends for October-December 2017, the company said in a statement on February 1. The shareholders will discuss the recommendation at a general meeting scheduled for June 8. The record date for the dividends is June…
DetailsBy the end of the year KrysoResourcesLImited (China) intends to have mined 207 kg of gold at the Pakrut deposits. Gold output is expected to increase to 1-1.5 tons per year. The company started developing Pakrut in 2012. Since then investments have totaled $180 million, and $76 million more are needed. At present the project…
DetailsIn 2017 Armenia increased metal output by 11.3% YoY, after the 11.1% drop in 2016. According to the National Statistics Service, in 2017 ferromolybdenum production grew by 1.1% YoY, to 6588 tons, with December 2017 output at 490 tons, down by 15.1% MoM. Molybdenum concentrate output increased by 2.8%, to 10961 tons, with 828 tons…
DetailsMMK has put in operation a new car dumper No. 5 at the site No. 2 of the aggloburden preparation shop. The capacity of the dumper is 20 cars per hour. The capacity of the sintering factory being constructed is 16.5 thousand tons of sinter a day, for which 17 thousand tons of burden is…
DetailsIn late 2017 Globus-Stal commissioned the arc-welded round pipes grinding line. In a very short term the company was able to supply over 20 km of pipes to 10 cities. The line grinds pipes with the diameter of 10-80 mm, wall thickness of 0.5-3 mm and the length of 3-6.1 m. (Ukrainian metal)
DetailsIn January Zaporizhstal increased steel output by 11.3% YoY, to 363 thousand tons. According to the company statement, pig iron manufacture grew by 37%, to 394.1 thousand tons, and that of rolled metal – by 11.7%, to 301.9 thousand tons. The company notes that the increase in output is due to the commissioning of the…
DetailsOn January 29 Moody’s rating agency upgraded the MMK Issuer Rating to “Baa3” from “Ba1” with positive outlook. Andrey Eremin, MMK’s Director for Economics, commented: “We at MMK are satisfied with the increased issuer rating. This is a proof that MMK has correctly formulated its strategic development priorities and introduced quite efficient tools to implement…
DetailsMetinvest B.V., the parent company of a vertically integrated group of steel and mining companies (jointly referred to as “Metinvest” or “the group”), announced its operational results for the fourth quarter and 12 months of 2017. In Q4 2017 Metinvest’s hot metal output increased by 6% QoQ, 2,154 thousand tons, driven mainly by a rise…
DetailsAutoKrAZ has supplied a batch of KrAZ-65055 (6×4) dump trucks with the lifting capacity of 16 tons to the Severniy Mining and Processing Works. The dump trucks have been delivered under the agreement concluded in December 2017. There were 4 dump trucks in the batch. This year Metinvest intends to acquire more KrAZ dump trucks…
DetailsMoody’s has improved the long-term rating of Severstal from Ba1 to Baa3, and the outlook from stable to positive following the revision of the Russia rating. “We welcome the decision of Moody’s to review the Russia’s rating and improve that of Severstal. That the economic situation in the country is improving is seen by the…
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