In 2016 Magnitogorsk Iron and Steel Works could receive $1 billion of net profits. Experts believe that the net profits will total $814, with EBITDA at $1.5 billion. In H1 MMK earned $486 million of net profits. Q3 results are on par with Q2, and MMK prices went up by 5%. Even though in Q4…Details
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Pavlogradskoye Mine Group has mined 3 million tons of power-generating coal a month before the planned time. The company is in the TOP-3 DTEK miners. Average daily output in January-October totaled 11 thousand tons. “The output of 3 million tons will let out thermal power plants provide light and warmth to hundred thousands of Ukrainian…Details
The Cabinet of Ministers has corrected the Novovolynskaya No. 10 mine construction project estimating it at 4457.24 million UAH. According to the new project, 2.189 billion UAH will be spent on mining and construction works, 1.309 billion – on equipment and machinery, 960.4 million UAH – on other expenses. The time of construction is now…Details
Corum Group plans to produce the second lot of headgear sheaves for Vorkutagol by the end of 2016. According to the company statement, the first batch was produced in November. The equipment has been specifically produced for operation in the extreme North. Since 2011 Corum Group has produced and sold some 100 sheaves. (Ukrainian metal)Details
In 2015 Ukrainian companies produced 852 thousand tons of pipes, down by 39% YoY. In January-September the output dropped by 3% more, to 623 thousand tons. This output decrease could be explained by several factors. First of all, it’s market situation transformation and sales market change. Until recent times the main consumers of Ukrainian pipes…Details
Shareholders of Centravis Production Ukraine have dismissed Elena Antosheva from the board of directors and appointed Ruslan Zaplyusvichka instead. According to the company statement, Antosheva has been the BD member since May. Zaplyusvichka has been appointed until November 2019. He used to occupy the positions of the deputy financial director, deputy economy and provision director…Details
Lebedinsky Mining and Processing Works, a part of Metalloinvest, has entered the active phase of commissioning the third stage of its hot-briquetted iron works. According to the company statement, the works will start producing HBI in late 2016 – early 2017. This will be one of the largest HBI works in the world capable of…Details
Volnogorsk Mining and Processing Works plans to announce a purchase of 7 large quarry machines valued at 70 million UAH. According to the company statement, the tender will be announced in November at the ProZorro system of electronic purchases. (Ukrainian metal)Details
The state enterprise United Mining and Chemical Company estimates its investments into the acquisition of assets since September 2014 at 300 million UAH. According to the company statement, 182 million UAH was spent to buy equipment for Volnogorsk Mining and Processing Works, with some 112 million UAH – for Irshansk Mining and Processing Works. In…Details
In January-October Ferrexpo plc, controlling Poltava and Yeristovo Mining and Processing Works produced 9.25 million tons of pellets, down by 4.6% YoY. According to a company representative, its concentrate output went up by 1.9% YoY, to 11.72 million tons. In October 930 thousand tons of pellets and 1.14 million tons of concentrate was produced. Ferrexpo…Details
In January-October Interpipe-Steel produced 522 thousand tons of steel, up by 6.3% YoY. According to a company representative, in October steel smelting totaled 58 thousand tons, down from 64 thousand tons in September. On October 28, the works halted its operation for 10 days to carry out scheduled repairs. (Ukrainian metal)Details
On November 3, ArcelorMittal Kriviy Rih witnessed an environment strike. 15 city public organizations went on a strike against AMKR polluting the environment. In response the company said that all its ecological projects for the past 10 years were aimed at the step-by-step replacement of the outdated machinery with more environment-friendly equipment and implementation of…Details
Chairman of the State Service of Special Communication and Information Protection Leonid Yevdochenko has declared owning Zaporizhstal shares, 13.5 thousand euro and $12.5 thousand. In particular, he has a flat in Kiev and a land plot in Kiev region as well as 903 shares of Zaporizhstal. (Ukrainian metal)Details
In November Yenakievo Iron and Steel Works, a part of Metinvest, started producing angles of two new sizes. The products are intended for the local market and are sold through Metinvest-SMC network. 90x90x6 mm and 40x40x3 mm angles are produced according to DSTU 2251-93/GOST 8509-93. They are used in construction and machine building. The first…Details
PJSC «MMC «Norilsk Nickel», the largest global nickel and palladium producer, reports that its Board of Directors calls an Extraordinary General Meeting of shareholders (EGM) on December 16. The Board of Directors has recommended for the EGM approval an interim dividend payment for nine months of 2016 in the amount of 444.25 rubles (approximately $6.95)…Details
Interpipe intends to increase its export sales by constructing two more railroad car wheel treatment lines. “Our goal is to increase exports sales: to Europe, USA, Mexico. We would go on investing and increasing our capacities. We have plans for at least two such stages (wheel treatment)”, the company finances and economy director Denis Morozov…Details
Zaporizhstal calls on the government to create conditions to attract investments into the river transportation infrastructure to efficiently use the river Dnepr potential. According to the company statement, there are 10 river ports along the 1 thousand km of the Dnepr, and yet only 0.5% of the total cargo in Ukraine is transported via rivers.…Details