In January-June Zapadnaya Coal Company LLC (ZUK), developing the Krutoyarsky site of the Konstantinovskoye deposits in Sakhalin, mined 280 thousand tons of coal. In H1 2016 the company mined 106.314 thousand tons of coal, and 274.176 thousand tons in 2016. This year ZUK intends to mine a total of 450 thousand tons of coal. (Ukrainian…
Mikhail Ispolov has been appointed the CEO of OMZ-Spetsstal, and he would also work as the deputy manufacturing director of OMZ. Ispolov replaced Serge Yeroshkin, who has been the OMZ-Spetstal CEO since 2012. The new director will have to increase manufacture efficiency, decrease expenses and improve product quality. (Ukrainian metal)
The Kapitalnaya mine (previously mine named after Stakhanov) of the state enterprise Mirnogradugol (previously Krasnoarmeyskugol) has put into operation the fifth northern long face. The reserves of the long face are estimated at 510 thousand tons of coal, or 1 year of operation. Investments in the long face totaled 138 million UAH. In autumn the…
In May railroad transportation of ferrous metals decreased by 3.3% YoY, to 5.9 million tons. From the beginning of the year the railroad transported 29.8 million tons of ferrous metals, down by 0.4% YoY. Ferrous metals exports to Italy decreased by 30%, to Spain by 75% and to Egypt by 60%. At the same time,…
Mechel shareholders at the annual meeting decided to spend 1.426 billion rubles to pay dividends for 2016 (10.28 rubles per premium share). Thus the company will spend 20% of its 2016 profits on dividends. In 2016 Mechel for the first time received profit of 7.1 billion rubles. Last time Mechel paid dividends in 2011: 31.28…
Stoilensky, part of NLMK Group, has produced its three-millionth ton of pellets at its pelletizing plant, one of the largest in Europe. Launched in November 2016, the pelletizing plant was recognized as the 2016 Event of the Year in the Russian steel industry by experts at the Metal-Expo’2016 international exhibition. The plant has a design…
In January-June Zaporizhstal, one of the largest taxpayers of Zaporozhye region and Ukraine, produced 1.582 million tons of rolled metal, down by 8.9% YoY. Steel output decreased by 4.8%, to 1.893 million tons, pig iron – by 9.7%, to 1.67 million tons. In June Zaporizhstal produced 276.1 thousand tons of pig iron, 306.1 thousand tons…
In January-June Ukraine produced 9.641 million tons of steel, down from 11.916 million tons in H1 2016. Pig iron output dropped from 11.92 million tons to 9.404 million tons, rolled metal – from 10.512 million tons to 7.857 million tons. In January-May steel manufacture decreased by 17.7% YoY, to 8.708 million tons, pig iron –…