The Ministry of Industry and Trade intends to provide state support to domestic metal enterprises to actively increase exports. “As to the metal industry, the development of exports depends on geopolitical factors. But the deep processing both in ferrous and non-ferrous metallurgy will provide for the increase of Russia’s export potential”, the minister Denis Manturov…
Nibulon non-self-propelled NBL-002 vessel transported the first batch of Ukrainian metal from Kamianske (Dnipropetrovsk region) to Yuzhnyi Port on April 21. Nibulon continues implementing its large-scale investment project aimed at increasing the volume of goods transported by river up to 4 million tons per year. The company plans to achieve this figure within the next…
Dutch metal processing company Focus Fabrication Group plans to build a 3,800 square meter metal processing plant in the port of Klaipeda by the middle of 2019. The plant would produce various pipe constructions by processing 10,400 kilograms of metal a day. Exports would mainly go to Western European oil and gas companies. (BNN/Ukrainian metal)
The Federation of Metal Makers of Ukraine forecasts losses of the mining and metal complex (accounts for 6-7% of diesel fuel consumption) at 2.5 billion UAH per year in case fuel gets more expensive because of imposition of import quotas. According to the Federation chairman Sergey Belenkiy, this accounts for both purchases of fuel and…
The working group of the Zaporozhye region state administration has carried out checks of the local companies dealing with metal processing, as well as their collection centers and manufacturing sites. 13 enterprises were checked. Of them only one – Razvitiye-SV – corresponded to all the legislation norms. The Khormet company will be checked again. At…
In March railroad cargo transportation increased by 3.1% YoY, to 112.4 million tons. In Q1 transportation grew by 3.5%, to 315.7 million tons. In particular, in three months railroads carried 94.3 million tons of coal, up by 3.6% YoY, 27.2 million tons of iron and manganese ore (+2.5%), 19.8 million tons of ferrous metals (+10.8%),…
In March the Far Eastern Railroad transported 4.2 million tons of cargo, up by 2.6% YoY. Handling in Q1 totaled 12 million tons, up by 4.3% YoY. In particular, the enterprise transported 4.9 million tons of coal, 130 thousand tons of ferrous metals and 27 thousand tons of ferrous metals scrap, up by 5.6%, by…
ArcelorMittal SA, Vedanta Resources and a group comprising Russia’s VTB and top Indian steelmaker JSW Steel have bid for bankrupt steelmaker Essar Steel India, Reuters reported quoting a joint statement of the companies. Essar Steel is among a dozen of India’s biggest debt defaulters that were pushed into the bankruptcy court last year after a…
