Because of the unsatisfactory operation of Ukrzaliznytsia last year Ukrainian metal companies underproduced 3 million tons of steel. In H2 2016 Ukrzaliznytsia operation was the worst in the last couple of years. “Ukrzaliznytsia said it ended the year with several hundred millions of profits, but the state budget didn’t receive some billion UAH because of…
The Russia-supported militants are prepared to “nationalize” major industrial enterprises, according to the head of the terrorist organization Lugansk People’s Republic Igor Plotnitsky. The so-called “parliament of LPR” has approved of the decree to make amendments to the law “On taxes”. According to it, all the companies operating in the region, but not registered in…
Transnet Engineering LTD from the South African Republic is interested in buying steel in Ukraine. “According to the Ukrainian embassy in SAR, the company is looking for suppliers of steel to be used in the manufacture of 3200 containers for the coal transportation”, the Ministry of economic development and trade reported. It should be noted…
Following Taiwan that in mid-January announced it would join the consultations between Japan and India on the Indian steel imports limitations, Ukraine and Russia decided to do the same. According to Russia, the import limitations, imposed by India in 2015-2016, resulted in the decrease of Russian exports to India by 38% YoY in 2016, to…
The Federal Service of ecological, technical and nuclear supervision has fined Boguchansk Aluminum Works and Sorsk Ferromolybdenum Works. BoAZ was checked on November 28 – December 23, 2016 and fined for 40 thousand rubles for illegal construction of heating power plants. While SFMZ was accused of violations of the waterworks safety operation, and fined for…
The Moscow shareholders of Rezhnickel, a part of Rusnickel, have started shutting down the works. Some 850 employees will be sent to forced vacation with two thirds of salary. Around 100 employees will be left looking after the shops. The machinery could be put back into operation as soon as the market situation improves. But…
In 2016 the Tuapse Sea Trade Port transshipped 14.1 thousand tons of cargo, down by 4% YoY. According to the port press service, ferrous metals transshipment increased by 8.1% YoY, to 2.25 million tons. A slight decrease in slab exports (by 2.3%) was compensated for by the new cargo for the Tuapse port, in particular…
In January-November 2016 Russia imported 4.04 million tons of rolled steel and pipes valued at $3120 million, down by 5.5% and by 4.8% YoY respectively. Ukraine remains the largest supplier (almost one third of total imports). Still its exports dropped by 9.5% YoY. Kazakhstan came second (21.6%), having increased its deliveries by 14.6% YoY, followed…