Novovolynskaya Mine is the only new mine in Ukraine. Its construction began in early 1980s. As of 2013 it was 87% complete, but the same year construction stopped because of the strike due to the half a year salary debts to builders. The mine had to be commissioned in 2014, but it did not happen.…Details
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Refugees who had to leave Donbass because of the Russian aggression and to find new home in other regions of Ukraine, continue contributing to its development. In particular, a businessman from Gorlovka moved to the village of Dityatki, near the Chernobyl NPP zone. There Vadim Minzyuk, who had a large enterprise in Gorlovka, created a…Details
In August, according to the customs statistics, Russia exported 137.8 thousand tons of pig iron, down by 55.3% MoM and by 73% YoY. In July the results were down by 43% MoM, but up by 35.7% YoY, while in June – up by 38%, but down by 14.7% YoY. In January-August sales dropped by 20.1%…Details
Beloretsk Iron and Steel Works has repaired and commissioned one of the main shops – rolling mill-150. 90% of the products manufactured there are processed at the steel wire shops of BMK. All the repair work was complete in 8 days. The rolling mill-150 specializes in the manufacture of high quality wire rod with the…Details
The Metal Wares Trading Company forecasts changes in prices from November 1. Construction nails will become some 5% cheaper, and wire – 2-3%. MTK believes that the price drop could be larger, but many manufacturers report decreasing output by up to 40%. Thus, the company believes the market will not repeat the sharp price fall…Details
The arbitrary court of Chelyabinsk region declared Ufaleinickel bankrupt following the claim of Rost-bank because of the debt of 202.6 million rubles. The total debt of the company to the bank is 14.6 billion rubles. In August the company shareholders decided to shut down Ufaleinickel. (Ukrainian metal)Details
Since the beginning of the year Mednogorsk Copper and Sulfur Works has sent 1136 tons of ferrous scrap valued at 12.6 million rubles to Nadezhdinsky Iron and Steel Works and Electrostal Tyumeni. The main source of scrap is disassembly of old machinery and metal structures. One of the latest objects to be disassembled and turned…Details
MMK has successfully confirmed the correspondence of its energy management system to the ISO 50001. The certification was obtained in September 2016. According to the company statement, the supervisory audit has confirmed that since the certification the energy management system has been corresponding to the standard and no inconsistencies have been found. The auditors have…Details
In September Russia produced 6.025 million tons of steel, up by 5.8% YoY (6.226 million tons in August). In 9 months steel output totaled 54.203 million tons, up by 2.8% YoY. In September Ukraine produced 1.845 million tons of steel, down by 0.8% YoY (1.905 million tons in August). In January-September steel output totaled 16.138…Details
In September Russia produced 4.26 million tons of pig iron, down by 11.9% YoY (4.4 million tons in August). In 9 months pig iron output dropped by 15.9% YoY, to 38.736 million tons. Ukraine produced 1.6 million tons of pig iron, down by 12.9% YoY (1.66 million tons in August), with 14.466 million tons in…Details
The Mine named after Matrosov, a part of Polyus, has announced a tender to select a subcontractor for additional prospecting at the Natalka gold deposits. Offers are accepted through November 4. The first stage of the mining and processing works commissioning at the Natalka deposits was in September. JORC reserves of the Natalka are estimated…Details
According to the statement of the CEO and the majority shareholder Yuriy Atanasov, since 2014 the Centravis has decreased sales on Russian market from 80% to 20%, having increased sales to EU from 10% to 70%. Each year the company intends to increase output by 10-15%. In particular, this year the growth will total 10%.…Details
Ukrgazvydobuvannya ordered Interpipe Ukraine LLC the delivery of pipes valued at 219.5 million UAH. The company has to supply 3790 tons of casing pipes manufactured by Interpipe NTZ and Voestalpine Tubulars GmbH & Co Kg (Austria). The cost of the agreement is 5% lower than the expected cost of the purchase (232.09 million UAH). (Ukrainian…Details