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St Petersburg hosted a meeting of the Gazprom chairman Alexei Miller and ChTPZ chairman Andrei Komarov. The parties discussed issues of pipe deliveries. Issues of price formation for 2018 under new market conditions have also been reviewed. In 2017 ChTPZ supplied over 560 thousand tons of pipes for the construction of Nord Stream-2 and Sila…
DetailsThe steel wire shop No. 1 of Severstal-Metiz has put into operation 9 drawing mills, while the modernization program saw reconstruction of 36 mills as well as 2 hot-dip galvanizing mills. “Step by step realization of the large-scale investment program allows us to increase capacity. We not only increase our presence on the market, but…
DetailsMetinvest B. V. has increased its share in the Severniy Mining and Processing Works from 96.3961% to 96.4187%. According to the company statement, as of December 31, 2017 there were changes in the owners of more than 10% of shares. Metinvest purchased shares on the secondary market. As of late 2016 Metinvest owned 96.3961% of…
DetailsIn November 2017 Metinvest B. V. revenue dropped by 6.7% MoM, or by $62 million, to $866 million. EBITDA was $196 million, down by 12.5% MoM. Corrected EBITDA for the metal division as of late November 2017 was $130 million ($148 million in October 2017), including $5 million from participation in joint ventures ($12 million).…
DetailsIn 2017 Interpipe increased sales of railroad wheels and tyres to Ukrzaliznytsia more than 2.2-fold. “Last year Ukrzaliznytsia once again became our key client. Despite the replacement of its chairman Ukrzaliznytsia still follows the direction to modernize the rolling stock”, Interpipe CFO Denis Morozov said. He noted that it became easier for the company to…
DetailsInternational rating agency Moody’s has upgraded the long-term credit rating of NLMK Group, an international steel company with operations in Russia, the United States, and the European Union, from Ba1 to investment grade Вaa3, with a positive outlook. The decision follows a rating action to raise Russia’s sovereign ceiling, which took place on January 25.…
DetailsIPSCO Tubulars, a subsidiary of Russian oil and gas pipe maker TMK, plans to offer about 23.3 million shares at $20-23 per paper during an initial public offering (IPO), the company said in a statement on January 29. IPSCO Tubulars will sell 7.4 million shares, and TMK will sell 15.8 million shares it owns…
DetailsTajikistan is prospecting for uranium not to resume mining, but to evaluate the reserves. “This does not mean we will return to uranium mining”, the director of Main geology department at the government Zarobiddin Fayzullozoda said. “Uranium was actively processed on the territory of Tajikistan under the Soviet Union. The work on prospecting started in…
DetailsIn December 2017 Russia produced 5.93 million tons of steel, down by 4.2% YoY (5.74 million tons in November 2017). In 2017 steel output totaled 71.34 million tons, up by 1.3% YoY. Ukraine produced 2.06 million tons of steel in December 2017 (2 million tons in November 2017), down by 2.4% YoY and 24.218 million…
DetailsIn December 2017 Russia produced 4.32 million tons of pig iron, down by 3.6% YoY (4.19 million tons in November 2017). In 2017 Russia produced 51.58 million tons of pig iron, down by 0.6% YoY. Ukraine decreased pig iron output in December 2017 by 7.4% YoY, to 1.8 million tons (1.74 million tons). In 12…
DetailsIn 2018 Kinross Gold has produced the 6-millionth ounce of gold at its Kupol mine since its commissioning. According to the company statement, in 2016 it produced 734143 ounces of gold. Kinross Gold is developing two deposits in Chukotka – Kupol and Dvoynoye. This year the company intends to start developing the Moroshka deposits. The…
DetailsIn 2017 Uralelectromed galvanized 50.3 thousand tons of metal structures, up by 26 tons YoY. The main customers were companies producing electricity stands and road fences. Moreover, UEM has galvanized around 200 tons of structures for the construction of arenas in Yekaterinburg and Volgograd for the World Cup. (Ukrainian metal)
DetailsUralelectromed has put in operation a new kiln made to order by Bosio. The kiln has been assembled at the electrolysis copper slurry-roasting site. The capacity of the kiln is 2.6 tons per day. The roasting temperature is 600-650 degrees C. (Ukrainian metal)
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