Oskol Electrometallurgical Works has finished modernizing capacities at its bar-rolling shop No. 2. The assembly of the main and auxiliary machinery is complete. Modernization has been carried out without shutting down the main manufacture. Investments into the project exceeded 800 million rubles. Now the company will be able to increase its rolled metal output by…Details
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PJSC MMC Norilsk Nickel, the largest refined nickel and palladium producer in the world, reports IFRS financial results for six months ended June 30, 2017. Consolidated revenue increased by 11% YoY, to $4.2 billion primarily owing to higher realized metal prices. EBITDA dropped by 3%, $1.7 billion primarily owing to RUB appreciation against USD and…Details
In January-July Ukrainian metal companies decreased exports by 20.1% YoY, to 8.48 million tons. Steel semi-finished product exports decreased by 28.4%, to 3.46 million tons, flat rolled products by 2%, to 2.92 million tons, and long rolled products by 25.3%, to 2.09 million tons. The semis share in the export structure dropped from 45.5% to…Details
In January-July Ukrainian by-product coke works produced 5.946 million tons of 6% moisture metallurgical coke, down by 21.4% YoY. In July coke output was 906 thousand tons, in June – 864 thousand tons. In July Ukrainian by-product coke producers increased output as local iron and steel works improved output as well. Dneprovsky Iron and Steel…Details
Talks with potential buyers of the insolvent KVV Liepājas metalurgs will conclude at the end of August, says representative of the company’s insolvency administrator Dzintars Hmielevskis. Information published in the insolvency registry states that a clarified KVV Liepājas metalurgs property sales plan has been submitted. The company’s insolvency process administrator Guntars Koris has extended the…Details
Centerra Gold Inc. (Centerra) and Kumtor Gold Company (KGC) have summed up their operating results in the second quarter of 2017. In the first six months of 2017, KGC produced 266,023 ounces or 8274.25 kg of gold and contributed more than 4.7 billion soms in taxes and mandatory payments. During the second quarter of 2017,…Details
Kazakhstani coal will be supplied to Bishkek HPP by the intermediary company – Rassvet Company LLC. Only one local company applied for participation in the tender. Rassvet Company has been providing the heating plant with imported fuel for several years. The procuring entity allocated 1 billion 620 million soms for the purchase of Kazakh coal.…Details
In January-July the major pipe companies produced 602.9 thousand tons of ferrous pipes, up by 29.2% YoY, including 102.1 thousand tons in July. Ukrtruboprom enterprises produced 403.6 thousand tons of pipes, up by 36.9% (67.5 thousand tons in July). Khartsyzsk Pipe Works, situated on the Ukraine-uncontrolled territory, produced 3.4 thousands tons of pipes, up from…Details
In June Russia exported 541 thousand tons of pig iron, up by 38% MoM, but down by 14.8% YoY. According to the customs statistics, in H1 pig iron exports totaled 2.25 million tons, down by 15% YoY. This is also the lowest export level in the past 4 years. At the same time export revenue…Details
In 2016 KVV Liepajas metalurgs received 26.145 million euro of net losses, up from 8.366 million in 2015. The company income was 14.163 million euro against 69.356 million euro in 2015. The company stopped manufacture in 2013. In 2014 it was sold to Ukrainian investors, who resumed operation in 2015. But in September 2016 the…Details
ArcelorMittal has approved of several investment projects at ArcelorMittal Temirtau. In particular the company wants to construct a new air-separation block, assemble a ladle furnace No. 3 and new hydrogen electrolysis cells, etc. The total cost of the projects is $150 million. The projects will allow AMT to increase work efficiency, improve product quality and…Details
In January-July Chukotka Autonomous District mined 257.68 thousand tons of coal, down by 23% YoY. In particular Beringpromugol mined 130.5 thousand tons of coal at the Fandyushkinskoye Pole deposits. (Ukrainian metal)Details