The minister of energy and coal industry Igor Nasalik acknowledged that the so-called Rotterdam+ formula didn’t resolve the issue of the energy-generating coal deliveries. Earlier energy expert Andrei Gerus said that the formula didn’t live to its expectations. “Deliveries from LDPR haven’t ceased, we are still dependent on them. The heating season is again under…
DetailsOn January 10, the state enterprise Vostochny Mining and Processing Works announced the trading house Eco-Service the winner of the tender to supply 63.98 million UAH worth of sulfur. By October the company will have supplied 16 thousand tons of 99.98% granulated sulfur at 3999 UAH per ton. In March 2016 the works bought this…
DetailsOn January 11, the town of Avdiivka was again shelled; one of the two remaining electricity lines was damaged. According to Avdiivka Coke and Chemical Works CEO Musa Magomedov, the company halted on December 8, 2016. The next day the works started receiving electricity from 2 lines. (Ukrainian metal)
DetailsDebts of the bankrupt Zlatoust Iron and Steel Works are being sold with a record-high discount. The right to demand debts of Metallurg-Resurs to ZMZ valued at 1069 million rubles is offered for 690 thousand rubles. Another lot valued at 120 thousand tons is for the right to demand debts at 152 million rubles. Metallurg-Resurs…
DetailsIn 2016 Ferrexpo, controlling Poltava and Yeristovo Mining and Processing Works, increased iron ore pellets sales by 3.5% YoY, to a record of 11.7 million tons, while output dropped by 4% YoY, to 11.2 million tons. According to the company statement, the annual production of 65% Fe content pellets also hit a record, increasing by…
DetailsShareholders of the Severniy Mining and Processing Works intend to allot the net profit received in 2014 and a part of retained earnings from the previous years. This will be the issue of the meeting scheduled for January 30. The shareholders will also discuss dividend issues. In 2014 SevGOK received 1545.665 million UAH of net…
DetailsA batch of ferrous rolled metal produced at Magnitogorsk Iron and Steel Works has been successfully shipped from the Aktau Sea North Terminal (Kazakhstan). The first lot to Iran was shipped by KTZ Express. “The multi-modal transportation development project, that has connected railroad, sea transportation and logistics, will increase the transit-transport potential of Kazakhstan, as…
DetailsAzerbaijan is closing down its Steel Production Complex. Azerbaijani Steel Production Complex was created in April 2013 to design, construct and manage the steel-manufacturing works. The complex had to deal with ore mining through steel-smelting. By 2018 Azerbaijan also planned to have created several works and shops to be managed by the complex, in particular…
DetailsNLMK Group, an international steelmaking company with operations in Russia, Europe and the USA, announces the appointment of Cornelius Louwrens the CEO of NLMK Belgium Holdings plate business. It includes two of NLMK Group’s European sites: NLMK Clabecq (Belgium) and NLMK Verona (Italy), and together with NLMK DanSteel (Denmark), comprises the NLMK Europe Plate Division.…
DetailsThe Russian Industry and Trade Ministry expects steel output to grow by 60% to 16.4 million tons by 2030, the ministry said in a scenario of accelerated development. “Under the accelerated scenario, an increase of domestic consumption to historical highs is envisaged not only with the help of fulfillment of infrastructure projects, but also by…
DetailsAn individual, a major shareholder of Dniepropetrovsk Iron and Steel Works named after Komintern (Kominmet) has sold his 19.7787% of shares and ceased being an owner of the company. Kominmet specializes in the production of steel pipes and metal coating. (Ukrainian metal)
DetailsIn 2016 Ukraine exported 39.2 million tons of iron ore and concentrate valued at $1.827 billion. According to the State Fiscal Service, China was the largest importer of iron ore – $627.32 million, or 34.33% of the total exports. Czech Republic purchased $194.87 million worth of iron ore (10.67%), Poland – $192.21 million (10.52%). Other…
DetailsCitizens of the Russia-supported terrorist occupied town of Dokuchayevsk become more and more dissatisfied with the so-called Donetsk People’s Republic authority activities in respect to the worsening situation at the Dokuchayevsk Flux-Dolomite Complex. In particular, the changes of the company management, imposed by the DPR representatives, didn’t have a positive impact: the salary debts continue…
DetailsDobersek Engineering GmbH (Germany) has finished the modernization of the copper-smelting manufacture at Almalyk Iron and Steel Works. The turnkey project presupposed the construction of the new automated copper furnace with the capacity of 17 thousand tons of copper per year. The project costs $92 million. AGMK is the only copper producer in Uzbekistan. It…
DetailsThe rail-beam shop of Evraz NTMK has started producing new type of rolled metal – channel 22P. Over 200 tons of the new metal has already been supplied to the construction sites in the Moscow region. The hot-rolled channel 22P is used in construction of bridges and large warehouses. Channel corresponds to the GOST 8240-97.…
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