In January-June Evraz Dneprovsky Iron and Steel Works produced 388 thousand tons of steel, down by 30.7% YoY. Rolled metal output dropped by 29%, to 323 thousand tons, including 197 thousand tons of semi-finished products, down by 25.1%. The company decreased pig iron output by 8.9%, to 489 thousand tons. According to Evraz, the output…Details
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Bratsk Ferroalloy Works, LLC has started reconstructing the ferroalloy furnace No. 3. The repair will result in the 30% increase of output and a 10-13% decrease in energy consumption. Reconstruction will cost some 1 billion rubles. In addition to new equipment the company intends to assemble 530 tons of metal structures, use 640 cubic meters…Details
ChTPZ Group will supply some 400 tons of steel pipes and over 25 tons of offsets to the Georgian Gas Transportation Company. The batch will include large diameter welded pipes, as well as seamless hot- and cold-deformed pipes and 60 types of offsets. All the products will be supplied in July. The pipes will be…Details
Novgorodsky Iron and Steel Works is preparing for the scheduled repairs of its MAERZ furnace, the main copper-smelting machine of the enterprise. The furnace will be put out of operation in late July. The repair is expected to be carried out in 7 days. The work will be carried out by NMZ employees. The capacity…Details
The net profit of Severstal plunged by 62.1% QoQ, to $163 million in April-June, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement on July 20. But revenue increased by 9.3%, to $1.931 billion and EBITDA rose by 8.8%, to $629 million. In January-June, the net profit of the company…Details
Chairman of the Board of Kyrgyzaltyn Almaz Alimbekov commented on reduction in the share of Kyrgyzstan in Centerra Cold Inc. Earlier it was reported that share of Kyrgyzstan decreased by 6% because of the additional issue of shares. According to Almaz Alimbekov, the additional share issue of Centerra Cold Inc. will allow Kyrgyzaltyn to receive…Details
Ukraine: Energy Ministry to make legal arrangements for Turkish companies’ coal purchase from uncontrolled areas
Ukraine’s Energy and Coal Industry Ministry plans to make legal arrangements towards Turkish companies that buy coal from the areas temporarily not under control of the Ukrainian government, minister Ihor Nasalyk reported. “The ministry sent letters to the embassies of eight countries where coal from the ATO zone could be sold. The most problematic is…Details
Ukraine will do without anthracite coal in 18 months, Ukrainian Energy and Coal Industry Minister Ihor Nasalyk has said. “In 18 months we would not raise the issue of anthracite coal purchases for thermal power plants (TPPs). We would still have to buy it for combined heat and power plants (CHPPs),” he noted. Nasalyk said…Details
Nornickel, the world’s largest refined nickel and palladium producer, has released its annual Corporate Social Responsibility (CSR) report, detailing the company’s sustainable performance in 2016. In 2016, Nornickel increased its total spending on environment protection, asset modernization with positive environmental impact and current environmental expenses by 8.9% YoY, to RUB 25.7 billion ($383 million). The…Details
In April-June MMK increased steel output by 3.8% QoQ, to 3.182 million tons. Capacities were 90% loaded. Pig iron manufacture increased by 8.7% QoQ, to 2.578 million tons. The growth has to do with the scheduled repair of blast furnace No. 10 in Q1. Sales in Q2 reached 2.882 million tons, up by 5.9% QoQ,…Details
In 2016 Dalur mined 591 tons of uranium in Kurgan region. The gradual putting of Dobrovolnoye deposits into operation by 2025 will allow the enterprise to increase output to 700 tons per year. The Dobrovolnoye reserves are estimated at 7067 tons of uranium. (Ukrainian metal)Details
In January-June Ukraine exported 20.5 million tons of iron ore raw materials, up by 2% YoY. Imports decreased by 92%, to 90 thousand tons, with no iron ore raw materials imports in June. In H1 Ukrainian metal companies received 12.1 million tons of local iron ore raw materials, down by 14% YoY. In 2016 Ukraine…Details
ArcelorMittal Temirtau intends to increase output of steel to 5 million tons by 2021 and start selling it in EAEU and Central Asia. The company CEO Paramjit Kahlon believes these countries are the most attractive to AMT. “We have found right markets for us to sell our products. We no longer orient to the Black…Details