Fitch Ratings has upgraded Ukraine-based Ferrexpo Plc’s Long-Term Issuer Default Rating (IDR) to “B” from “B-”, reads a report on the rating agency’s website. “The outlook on the IDR is positive. In addition, Ferrexpo’s senior unsecured ratings have been upgraded to “B” from “B-”. The Recovery Rating is unchanged at “RR4”,” the report says. “The…Details
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Polyus, the largest gold-extracting company in Russia, has changed its dividend policy. The company Board of directors has approved the change of the dividend policy having set the minimum annual size of dividends for 2017 and 2018 on the level of $550 million. Thus, the amount of dividends for the corresponding period will total 30%…Details
UC RUSAL, a leading global aluminum producer, announces the launch of pilot operation of eight new generation RA-550 pots at Sayanogorsk Aluminum Smelter. The total amount of investment in the project reached $30 million. The project to develop the technology and launch the RA-550 site at SAZ was implemented within three years. The key advantage…Details
Industrial Metallurgical Holding (IMH), one of the world’s leading exporters of merchant pig iron and the leading merchant coke producer in Russia, reports its operational results for FY 2017. Coking coal mined by IMH Coal division in 2017 increased to 2.83 million tons, by 28% YoY, and accounted for the absolute record for the company’s…Details
Russia: high-strength Ural Steel rolled steel meets Russian Maritime Register of Shipping certification requirements
Ural Steel (a part of Metalloinvest) has received a certificate confirming the compliance of its heavy plate made from high-strength steel grades. This opens up new opportunities for the company in the production of high-quality rolled steel products for shipbuilding and expanding its sales market. Earlier, Ural Steel confirmed the compliance with RMRS of its…Details
In 2017 Evraz Dneprovsky Iron and Steel Works produced 918 thousand tons of steel, down by 13.2% YoY. The decrease has to do with the capital repairs of machinery. According to the company statement, rolled metal output decreased by 11.7%, to 785 thousand tons because of the drop in structure steel demand and the increase…Details
In 2017 Central Mining and Processing Works produced 2.25 million tons of pellets, down by 2.3% YoY. Iron ore concentrate output decreased by 10.6%, to 4.669 million tons. In December 2017 it produced 216 thousand tons of pellets and 397 thousand tons of concentrate, all up from 83 thousand tons and 385 thousand tons in…Details
In February Ukraine is expected to produce 1.8 million tons of pig iron, 1.8 million tons of steel and 1.6 million tons of rolled metal. According to Ukrmetallurgprom, in 2017 Ukraine produced 20 million tons of pig iron, 21.3 million tons of steel and 18.4 million tons of rolled metal, all down by 15%, 12%…Details
In December 2017 iron ore raw materials deliveries totaled 2.5 million tons (on the November 2017 level), coal – 1.3 million tons, up by 16% MoM, and coke – 860 thousand tons, down by 1%. The share of imported coal was 79%, or 1.03 million tons of 1.3 million tons, coke – 10.5%, or 90…Details
In December 2017 Ukrainian metal works consumed 190 million cubic meters of natural gas, up by 15% MoM. In 12 moths gas consumption grew by 3%, to 1.8 billion cubic meters. Electricity consumption dropped by 11%, to 11.5 billion kW-h. (Ukrainian metal)Details
Volnogorsk Mining and Processing Works has ordered Delis-Profi LLC the delivery of packaging valued at 46.94 million UAH. This year the company will supply 206 thousand various PP containers. The most expensive of them are 5 liner-bags at 1488 UAH apiece. In December 2017 the works bought them almost twice cheaper – a batch of…Details
The state enterprise Lvivugol has ordered Lans Group LLC the delivery of 6 pump stations with the total value of 16.4 million UAH. The cost of each SND 200/32-05 pump is 2.73 million UAH. In 2014 Lvivugol bought the same stations at 1.3 million UAH apiece, while in August 2017 Selidovugol purchased them at 1.9…Details
SRZ LLC, which leases the assets of the state enterprise Azov Ship-repairing Plant, has started loading the batch of square billets produced by Electrostal LLC. The volume of the batch is 10 thousand tons. The metal is loaded on the Annetta with the help of two cranes with the lifting capacity of 40 tons. (Ukrainian…Details