At Ural Steel, part of Metalloinvest, the roller treatment furnace No. 1 and heat treatment machine No. 1 complex is undergoing construction. Currently, design and surveying work is ongoing. 1.5 billion rubles have been invested in the project, which is planned to be completed in 2018. The project entails the installation of new high-performance equipment…
In 2017 Olenegorsky Mining and Processing Works, a part of Severstal, will buy four 136-ton Catterpillar-785 dump trucks, the first will be delivered in August. “The company also plans to buy two drilling rigs and a forklift loader”, the company acting CEO Alexei Scherbakov said. OGOK investments in 2017 will total 1.4 billion rubles. Earlier…
Aluminum producer RUSAL plans to keep its output on the level of 2016, or 3.685 million tons, in 2017, CEO Vladislav Solovyov said on the sidelines of a forum on April 21. “No less than last year. I think, at last year’s level,” Solovyov said. The Kemerovo region said that RUSAL would raise its investment…
The National Bank of Ukraine forecasts that most of metal and coke plants will have improved their output to the level of 2016 by the end of 2017. “The enterprises on the Ukraine-controlled territory, which received raw materials from uncontrolled territory, would gradually reorient themselves to other supply sources, either by increasing output on controlled…