The president of Ukraine Petr Poroshenko has signed the decree No. 6382 to prolong for a year the export duty on ferrous scrap in the amount of 30 euro per ton, earlier adopted by the Verkhovnaya Rada. According to the VR committee on industrial policy chairman Victor Galasyuk, thus an additional margin of safety was…
DetailsEmployees of the iron ore mine “Artem-1”, a part of the ArcelorMittal Kriviy Rih mine group, demand the increase of their wages to 1 thousand euro. According to the local mass media, several dozens of miners attended the meeting demanding the salary increase from the company management. They also want their medical expense to increase.…
DetailsVolnogorsk Mining and Metallurgical Combine has ordered the Imex Minerals LLC services on its territory and on the East site of Malyshev deposits valued at 42.86 million UAH. The auxiliary machines services will cost 30.58 million UAH this year. 12.29 million UAH will be spent on removing a layer of soil (350 thousand cubic meters)…
DetailsThe State Service of Geology and Subsoil of Ukraine has stopped the special licenses to use subsoil at DTEK Sverdlovskantrazit, DTEK Rovenkiantrazit and DTEK Komsomolets Donbassa, seized by the Russia-supported militants, until the antiterrorist operation is over. The licenses have been stopped based on the letters of the above-mentioned companies. On March 15, DTEK announced…
DetailsAccording to the Russian Railroads, in January-July the company transported 727.3 million tons of cargo, up by 3.3% YoY. In particular, the railroads transported 206.1 million tons of coal, up by 9.8% YoY, and 8.5 million tons of ferrous scrap, up by 2.4%. At the same time transportation of coke decreased by 1.6%, to 6.5…
DetailsIn July Russian manufacturers increased local prices on rebars by 5-9%. One of the main factors, which will determine rebars price in August, will be the shortage. Most of the traders have low stocks of rebars now, especially of lesser size rebars. That is why manufacturers will be able to insist on price increase. September…
DetailsIn April-June Metalloinvest produced 10.1 million tons of iron ore, on the previous quarter level. Pellets output increased by 4.8%, to 6.3 million tons. The company has also increased the output of HBI by 24.6%, to 1.8 million tons. Pig iron output totaled 0.7 million tons, up by 8.4%, while that of steel dropped by…
DetailsIn January-June Chelyabinsk Zinc Works received 2.228 billion rubles of net profits, up 1.3-fold YoY. Earnings increased by 36.5%, to 13.853 billion rubles, gross profit – by 17.2%, to 3.718 billion rubles, sales profits – by 23.3%, to 2.643 billion rubles. In 2016 the group produced 174.803 thousand tons of zinc. In H1 2017 –…
DetailsIn January-June DTEK enterprises mined 14.8 million tons of coal, up by 6.6% YoY, or by 910.5 thousand tons. Russian Obukhovskaya Mine Group mined 1.36 million tons of coal. Ukrainian enterprises yielded 13.45 million tons of coal, up by 4.6% YoY. The increase in the coal output, despite the loss of control over three coal-mining…
DetailsIn January-July Ukraine produced 11.9 million tons of steel, down by 18% YoY. According to Ukrmetallurgprom, rolled metal manufacture dropped by 19%, to 10.2 million tons, pig iron – by 22%, to 10.96 million tons. Coke output decreased by 21%, to 5.95 million tons. In 2016 Ukraine produced 24.2 million tons of rolled steel, 21.41…
DetailsIn January-June Metinvest produced 3.92 million tons of steel, 4.01 million tons of pig iron and 2.13 million tons of coke, all down by 6%, 6% and 3% YoY respectively. Q2 steel output drop was 10% QoQ, to 1.85 million tons. At the same time pig iron output increased by 2%, to 2.03 million tons,…
DetailsAvelanna Gold has developed a project to mine for precious metals in Zakarpatye and plans to invest some $100 million. The company has already received all the agreements, but the formal provision of documents is always postponed, so it cannot start operating. The company is working on the development of new infrastructure at the Muzhievskoye…
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