The state enterprise Regional Power Grid has cut electricity supplies to the mines of Mirnogradugol, Selidovugol, Lisichanskugol, Pervomayskugol and Toretskugol. According to Mikhail Volynets, the chairman of the Independent Miners’ Union of Ukraine, state mines of Chervonograd and Volyn were also left without electricity. At present the union is taking actions to restore power supply…Details
In January-March MMK sold 2.828 million tons of metal, up by 10.5% YoY. The share of the high added value products reached 47.6%, or 1.345 million tons (+10.3%). Sales to domestic market increased by 16.5%, to 2.225 million tons, or 78.6%. The company produced 2.4 million tons of pig iron and 3.147 million tons of…Details
In 2017 Zaporozhye Aluminum Works decreased net losses 2.9-fold YoY, to 279.486 million UAH. According to the company statement, its EBITDA also grew 2.9-fold, to 282.663 million UAH. Net income increased 5.1-fold, to 31.891 million UAH. The overdue debt last year totaled 7.01 billion UAH. The company produced 53.38 tons of aluminum wire rod and…Details
The Individual Deposit Guarantee Fund has signed an agreement to sell Donetskstal assets.
According to the fund statement, the assets include the building of a cinema, a culture house and the manufacturing machinery, pledged to the now bankrupt Delta-bank.
The lot was sold for 331 million UAH. (Ukrainian metal)
In 2017 Zaporozhkoks increased net profit 2.9-fold YoY, to 1.058 billion UAH. According to the company statement, the undistributed profit as of last year totaled 2.3556 billion UAH. Current liabilities grew 2.7-fold, to 5.338 billion UAH, while fixed – by 20%, to 219.912 million UAH. The combined debt of the company increased 2.5-fold, to 6.039…Details
In 2017 MMK-Metiz increased metal output by 7% YoY, to 437.9 thousand tons.
According to the company statement, sales revenue grew by 23.9%, to 20.4 billion rubles.
Ordinary wire accounted for 36% of the revenue, ordinary fasteners – 12% and powder wire and ropes – 10% each. (Ukrainian metal)
A criminal case was instituted on the illegal issue of a permit for construction of a factory in the territory of the goldmine plant Makmalzoloto, the press center of the State Committee for National Security reported. The Corruption Control Service of the State Committee for National Security detected a violation of the legislation of the…Details
The state enterprise Selidovugol has concluded an agreement with Trading House Euroimpex LLC for the delivery of 15 km of fire-extinguisher and spray conduit valued at 18.9 million UAH. The outer diameter of the pipeline is 150 mm, and its cost is 1250 UAH per m (with VAT). Last year Mirnogradugol purchased such conduits at…Details
Corum Group has concluded an agreement with Donetskstal to construct excavations at the Pokrovskoye Mine Group.
According to the company statement, the commissioning is scheduled for 2018-2019.
The company will construct two excavations – ventilation and conveyer drifts with the combined length of 2700 meters. (Ukrainian metal)
In January-February Russia imported 37.1 thousand tons of corrosion-resistant flat steel valued at $83 million, down by 14.7% and by 5.6% YoY respectively. The 600 mm wide sheet accounts for 90% of the imports. The main supplier is China (45%), followed by Taiwan (14.6%) as well as Spain and South Korea (around 7% each). (Ukrainian…Details
Severstal has finished the capital repairs of Henschel-3 press shears used to process bulk and heavy scrap. “Each year the machine processes hundred thousand tons of scrap for the Cherepovets Iron and Steel Works steel manufacture. The modernization of such important equipment was carried out in less than 25 days. 15.8 million rubles were spent”,…Details
Chelyabinsk Iron and Steel Works is celebrating its 75-anniversary since the manufacture of the first steel. The first steel was produced in 1943 during the World War II. Since then the company has mastered the manufacture of some 2 thousand steel and alloy grades, as well as over 4 thousand types and sizes of rolled…Details
A new turbine unit with a maximum capacity of 50 MW will be installed at MMK’s Central Power Plant (CPP), which will significantly increase the plant’s efficiency and increase the level of reliability and manufacturability of the plant’s entire power system. Steam turbine T-42/50 will be supplied in April-May by the Ural Turbine Works. The…Details
The prices of the main precious metals decreased in Azerbaijan on April 20, according to the data published by the country’s Central Bank. The cost of gold decreased by 15.9375 manats, to 2282.0545 manats per troy ounce compared to the price on April 19. The cost of silver decreased by 0.0597 manats, to 29.2292 manats…Details
Novelis, the world’s biggest producer of rolled aluminum products, will no longer purchase metal produced by Russian aluminum giant UC RUSAL to comply with U.S. sanctions. The company said that it could reduce its dependence on aluminum purchases from RUSAL. “Accordingly, we are confident that the risk for any material disruption in production will be…Details
Russia is demanding compensation from the United States for its decision to impose worldwide tariffs on steel and aluminum, a Russian statement published by the World Trade Organization shows. The United States maintain that the tariffs are based on national security concerns and fall outside the remit of the WTO rules, but Russia, China, India…Details
Russia’s aluminum deliveries to Japan have been halted over US sanctions, Rusal Japan Director Kunihiko Higashi reported on April 19. “Further aluminum deliveries have been cancelled,” he said. “Our buyers have said they cannot make payments to Rusal, which is related to the recent US sanctions. Such notices were coming to us one after another.…Details
In January-March Kapan Mining and Processing Works processed 154 thousand tons of ore, up by 34% YoY. Mining totaled 157 thousand tons, up by 36%. Gold contents in ore processed totaled 1.8 g, down by 13% YoY, silver contents – 33 g, down by 24%, copper – 0.3%, up by 11%, and zinc – 1.31%,…Details
Uzbekistan Iron and Steel Works has developed a draft law on altering the article No. 219 of the Administrative responsibility Code. The company suggests imposing responsibility for violation of ferrous metals scrap procurement and trade. Since September 2017 the works has been appointed the only authorized company to procure (buy) ferrous metals scrap in Uzbekistan.…Details
In January-February Russia exported 639.4 thousand tons of raw aluminum valued at $1261 million, up by 49.2% and by 91% YoY respectively.
In February the average price was $1952 per ton, up by 25% YoY. (Ukrainian metal)
In January-February Russia exported 152.6 thousand tons of primary copper valued at $1051 million, up by 23.1% and by 51.6% YoY respectively.
In February the average price was $6932 per ton of primary copper, up by 22.81% YoY.
The price of copper wire rod was $6785 per ton, up by 25.4%. (Ukrainian metal)
The most productive blast furnace in Russia – the NLMK Rossiyanka – has smelted its 25-millionth ton of pig iron. The blast furnace was commissioned in 2011. Investments exceeded 43 billion rubles. This was one of the largest construction projects in Russian metallurgy. NLMK capacity increased by 36%. In 2017 Rossiyanka produced 3.8 million tons…Details
Shareholders of three mining and processing works belonging to Metinvest intend to spend the combined amount of 4.86 billion UAH to pay dividends for 2017. The corresponding decisions are included in the agenda of the shareholder meetings scheduled for May 18. In particular, Severniy Mining and Processing Works plans to spend 2.16 billion UAH of…Details
In January-February exports grew by 17.9% YoY, or by $1.1 billion, to $7.4 billion. According to the Ministry of economical development and trade, the main importers of Ukrainian goods were the EU countries, Singapore, Belarus, Turkey, Moldova and Iraq. “The goods that saw the biggest increase in sales were steel semi-finished products (up by $98.3…Details
The press secretary of the president Dmitry Peskov has said that so far there are no ready-made scenarios to help Rusal, but a temporarily nationalization of the company could be one of the forms of state support. “There are various views on how to help the companies affected by US sanctions. This is just one…Details
NLMK Group, a global steel company, presented its digital transformation projects, both already completed and those under development, at the international SAP Forum 2018. Oleg Bagrin, Chairman of NLMK Group’s Board of Directors Strategy Committee spoke at the plenary of the Forum. He talked about the digital transformation projects that the company had implemented or…Details