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Brok-Invest-Service believes that metal prices in October will be high. The beginning of the month has already seen the rise in all ferrous metal prices. The hot-rolled metal has reached its highest prices, so no new increases are expected, except for plates. Demand in the pipe segment is stable, and the price is steadily growing.…
DetailsFollowing a recent earthquake, a pit with the diameter of 300 meters and the depth of 50 meters appeared at a mine in Lviv region. The mine is situated in the zone developed by Polymineral Mining and Chemical Enterprise. A basin with mineral water could appear there in time. (Ukrainian metal)
DetailsDonetskstal resumes operation. According to the leader of the so-called Donetsk People’s Republic, the Russia-created and supported terrorist organization, Alexander Zakharchenko, the smelting shop of the enterprise has been put into operation. “In October we will get the first metal as planned”, he said. Earlier DPR reported on the renaming of Donetskstal into Yuzovka Iron…
DetailsThe State Service on Subsoil Use intends in the short-term to settle the problem with Evraz Sukhaya Balka. “The situation with the blocking of the operation resulted from the company previous allowances expiring in August 2016”, the service said. In 1996 Evraz Sukhaya Balka obtained two allowances to mine for iron ore for 20 years,…
DetailsThe state enterprise Mirnogradugol has ordered Det-Yura LLC the delivery of anchoring valued at 8.78 million UAH. The price includes insurance and transportation. The Det-Yura LLC offer was 0.5% cheaper than those of its competitors. (Ukrainian metal)
DetailsZaporizhstal has set a record of pig iron manufacture – 13.2 thousand tons per day, up by 500 tons from the previous record. This has been achieved thanks to the reconstruction of blast furnace manufacture. The works has already invested almost 9 billion UAH into environment modernization. In 2012-2016 investments totaled 5.6 billion UAH, with…
DetailsIn January-July Russia imported 7201 tons of copper pipes for conditioning, up by 16% YoY and by 23.6% from the 2015 level. According to the customs information, the main supplier of copper pipes was Serbia (21.6%), down by 17.4%. The average price on Russian border was $7374 per ton. Greece exported 20% of pipes, up…
DetailsIn January-July Russia exported 81.7 thousand tons of raw nickel valued at $768 million, down by 29% and by 23.3% YoY respectively. These are also the lowest results for the past 10 years. In July the average price for nickel was $9179 per ton FOB Russian border, down by 5% YoY. (Ukrainian metal)
DetailsNLMK announced the closing of its $500 million 7-year Eurobond placement with an annual coupon rate of 4.00%. Interest payments on the Eurobonds are payable semi-annually. The proceeds from the issue will be used to finance the purchase of existing Notes due 2018 and 2019 in accordance with the terms and conditions of the Tender…
DetailsOn the square near the Dneprovsky Iron and Steel Combine a meeting was held. People demanded clean air and healthy future for their children. The strikers didn’t want the combine to be shut down, they just wanted the company to use all the filters and fulfill all the environment programs. (Ukrainian metal)
DetailsIn January-August coal companies output decreased by 2.444 million tons, or by 9.4% YoY. “In particular, power-generating coal production dropped by 1.338 million tons, or by 6.5% YoY, and coking coal – by 1.105 million tons, or by 19.7%”, the Ministry of energy and coal industry reported. State mines decreased output by 20.8%. “The ministry-controlled…
DetailsInterpipe Nizhnedneprovsk Pipe-Rolling Plant has obtained a license to supply gas. The corresponding decision has been taken by the National commission on energy and housing services regulation. As of September 1, 318 licenses to supply gas have been given by the commission. (Ukrainian metal)
DetailsAt the Extraordinary General Shareholder Meeting (EGM) held on September 29, NLMK shareholders approved payment of Q2 dividends of RUB 3.20 per share. The date upon which the shareholders entitled to Q2 dividends will be determined was set as October 12. H1 dividends will amount to RUB 5.55 per share. (NLMK/Ukrainian metal)
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