Metinvest Group’s iron and steel works launched production of 49 new products last year. The rolled plate segment accounts for most of new 18 product items, and the rolled coil segment for 16 products. Furthermore, production of 15 new sizes of rolled long products and sections came on line in 2016. Metinvest’s enterprises produced new…
In 2016 Magadan region mined 27.9 tons of gold instead of 27.5 tons of the project target. “We have around 28 tons of gold, and this greatly increases our target indices. This will allow us to improve economic situation in the region and make our social support and sports construction programs more real”, the region…
In 2016 TMK shipped a total of 3,440 thousand tons of tubular products, down by 11.2% YoY. The decline was mainly due to lower welded pipe sales. Seamless pipe shipments remained almost flat YoY at 2,399 thousand tons. Welded pipe shipments were 1,042 thousand tons, down by 28.7% YoY, mainly due to lower output across…
In January-December 2016 Russian seaports handled 721.7 million tons of cargo (up by 6.7% YoY), says the press center of Association of Commercial Sea Ports. Transshipment of dry bulk cargo totaled 335.8 million tons (+7.5%) including 136.3 million tons of coal (+10.5%), 28.2 million tons of ferrous metals (+7.8%), 8.7 million tons of ore (+29.6%),…
Russia’s Vnesheconombank (VEB) plans to use about $100 million of the National Wealth Fund’s money in 2017 to finance pre-front end engineering and design (pre-FEED) works at the Udokan copper field, VEB CEO Sergei Gorkov reported. “The supervisory board has approved it, it was done rather a long time ago. This is not a large…
Ukrainian Prime Minister Volodymyr Groysman has proposed not to run lower than the current coal stocks at warehouses of thermal power plants (TPPs), in the amount of 1.9-2 million tons, the government’s press service has reported. “I want that each person has guaranteed quality of power supplies in their houses. 1.9-2 million tons is the…
Zaporizhstal has completed the disassembly at the blast furnace No. 3 reconstruction site. The total weight of the structures disassembled exceeded 12 thousand tons. “In 60 days we have completely disassembled the structures of the old furnace and freed the site to start construction”, Zaporizhstal CEO Rostislav Shurma said. Investments in the project amounted to…
In 2016 Kemerovo region mined 227.4 million tons of coal, up by 5.4% YoY, including 145.1 million tons from open-pit mines. Coking coal amounted to 65 million tons, up by 3.3% YoY. SUEK-Kuzbass increased coal mining by 7.7 million tons, Kiyzassky mine – by 3.9 million tons, Novokuznetsk site of the Raspadskaya Coal Company –…