Energomashspetsstal has started manufacturing a new batch of billets for Eltech (Poland). The order will be carried out under the contract concluded with Zaklad Mechaniczny ELTECH sp.z.o.o in 2011. The company will supply 12 rolls with the total weight of 90.2 tons. The rolls to be used in the construction of electric machines will be…
This year Uzbekistan will additionally buy 50 thousand tons of rolled metal and 20 thousand tons of raw materials. The President of Uzbekistan Shavkat Mirziyoev has signed a decree “On measures to provide for additional needs of the republic in ferrous rolled metals and metallurgical raw materials”. Uzbekistan Temir Yullari (state railroad company) will import…
Metalloinvest Cyprus Ltd. intends to sell 28.38 million ADR of Norilsk Nickel, or 1.79% of the total stock. These are all Metalloinvest shares in Nornickel. In 2016 Metalloinvest sold 1.4% of Nornickel shares for $341.7 million. (Ukrainian metal)
Severstal – Balakovo Bar Works has shipped 2 million tons of metal. The 2-millionth ton was produced in late June. The company produces and sells billets and construction bars. The anniversary ton of rebars No. 8 has been supplied to the metal trading company StroyMetProfil in Moscow region. (Ukrainian metal)
Alfa-Bank has provided financing of $200 million to Evraz NTMK. The loan has been issued for 6 years. “We are proud of our 10-year cooperation with one of the largest industrial groups of Russia – Evraz NTMK. When working with reliable borrowers, we are ready not only to take decisions quickly, but also provide funds…
Schneider Electric has finished modernization of the automatization and electricity supply system in the smoke exhaust department of the oxygen-converter shop of Magnitogorsk Iron and Steel Works. This allowed MMK to decrease electricity consumption by 36% and provide for faultless operation of the important technological site. “This is the first project of energy efficiency improvement…
In June Ukraine produced 1.593 million tons of steel, down by 13% YoY. This resulted in the fall from the 13th position among world steel manufacturers occupied by Ukraine in May to the 14th. In June 67 countries produced 141 million tons of steel, up by 3.2% YoY. China leads the rating with 73.2 million…
As part of his working trip to Pavlodar region, Prime Minister of Kazakhstan Bakytzhan Sagintayev visited the Bozshakol mining and processing complex. During the visit, CEO of Kaz Minerals PLC Oleg Novachuk told Prime Minister Sagintayev that the complex was set to produce 100,000 tons of copper annually when it reached its designed capacity. Some…