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…
PAO Severstal, one of the world’s leading vertically integrated steel and steel-related mining companies, has acquired from Gazprombank rights for loans and accrued interest of Metal-group LLC worth over 12 billion rubles as well as collateral for the loans. Metal-group LLC is the owner of the mining license for the central part of Yakovlevsky iron-ore…
In January-June Kamensk-Uralsky Non-Ferrous Metals Processing Works produced 9.3 thousand tons of non-ferrous rolled metal as well as 1.4 thousand tons of powder, up by 14.2% YoY. The share of KUZOTsM in the Russian non-ferrous metals output increased by 3%, to 36%. The company has also increase sales by 15% YoY. In particular, rolled copper…
Sumy NPI (Ukraine) and ArcelorMittal Temirtau have signed an agreement on the delivery of liquid-packed ring pumps and their rotors. According to Sumy NPO chief sales manager Oleg Semesenko, the company will supply 2 VVN2-150m pumps and three rotors. The capacity of the machinery is 150 cubic meters per minute. The weight of each pump…
In January-June Kemerovo region enterprises increased coal output by 10% YoY, to 118.3 million tons, with exports up by 15%. The highest growth was demonstrated by SUEK-Kuzbass (by 1.8 million tons), Kiyzassky Open-Pit (by 1.7 million tons), Kuzbassrazrezugol (by 1.2 million tons), Raspadskaya Coal Company and Stroyservice (by 1.1 million tons each). Coal deliveries to…