The state enterprise Ukrzaliznytsia has ordered Metinvest-SMC LLC the delivery of rails valued at 682.27 million UAH. This year the company has to supply 26 thousand tons of R-65 rails of K76F steel with the length of 25 m at the price of 26240 UAH per ton. In June Metinvest sold such rails 7% cheaper…
Metinvest Group decided to purchase 1,800 open wagons in 2017 and 2018. The company will almost double its railcar fleet up to 4,000 cars. The decision is driven by the need to curtail a negative effect on the group from the shortage of rolling stock in Ukraine, which resulted, inter alia, from lower turnover of…
Metinvest and Lemtrans have signed a 3-year cooperation agreement. Within the agreement Lemtrans will not only provide open cars to Metinvest, but will also manage all the open cars of the holding. The new agreement takes into account the experience of the previous 3-year contract. “We are taking steps to increase our own open cars…
Metinvest-Resource LLC and Interpipe NTZ have won in two auctions on metal scrap sales held by Ukrzaliznytsia. In particular, Metinvest-Resource won the auction on the sale of 17.2 thousand tons of bulk scrap, having offered 109.871 million UAH, or 6387 UAH per ton. The starting price was 102.684 million UAH, or 5970 UAH per ton.…
The Commercial Court of Kiev has ruled that Dneprovsky Iron and Steel Combine has to pay 2.469 billion UAH of fine and 233 million UAH of 3% interest to Metinvest under the contract on iron ore raw materials delivery dated December 29, 2010. Together with the debts of Alchevsk Iron and Steel Works, the debt…
In Q3 Metinvest produced 1.276 million tons of coke, up by 11% YoY. The increase has to do with the growth of Avdiivka Coke and Chemical Works output by 155 thousand tons, which has compensated for the decrease at Azovstal and Zaporozhkoks by 19 and by 14 thousand tons respectively. In 9 months coke output…
In Q3 Metinvest produced 1.347 million tons of rolled metal, down by 4% QoQ. In particular, flat rolled metal output dropped by 72 thousand tons, to 1.12 million tons. Long rolled metal manufacture increased by 14 thousand tons, to 175 thousand tons. Rails production increased slightly to 8 thousand tons. In 9 months rolled metal…
In Q3 Metinvest produced 2.026 million tons of pig iron, on the level of July-September 2016. The drop of output at Azovstal (by 77 thousand tons) was compensated for by the increase at Mariupol Ilyich Iron and Steel Works (by 78 thousand tons). In particular, Azovstal produced 868 thousand tons of pig iron, down by…