The European Bank for Reconstruction and Development will provide ArcelorMittal Group with a loan of 350 million euro to finance capital expenditures at ArcelorMittal Kriviy Rih. The corresponding project was approved on October 4, and it would be signed within a month. The project aims to support the AMKR investment program valued at $1.1 billion.…
The situation favorable for investments in metal industry is possible only in 3-5 years. “Most companies now invest in vital projects. Investments in the sector now amount not to billion dollars, but to hundred millions”, Mechel CFO Sergey Rezontov said. According to him, in the past several years there have been almost no new investment…
Miners of the Neryungrinsky pit, a part of Yakutugol, have shipped the 350-millionth ton of coal since the company has been put into operation. The previous milestone – 340 million tons – was reached in 2016. The first train with coking coal was sent to consumers on October 26, 1978. (Ukrainian metal)
The Olenegorsky Mining and Processing Works has started assembling machinery of the crushing and sorting complex to produce crushed stone. Commissioning is planned for October. The specialists will have to assemble 3 crushers and 16 conveyors of 15-18 meters depending on the crushing fraction. There will also be a laboratory. “The Metso crushing and sorting…
Chelyabinsk Iron and Steel Works has put into operation the slab-heating furnace in the rolling shop after repairs. The machinery is a part of the chain to produce high quality steel sheet. The cost of the repair was some 2 million rubles. The repaired furnace heats slabs before they are rolled at the 2300/1700 mill.…
In January-September Ukraine exported $6.171 billion worth of ferrous metals, up by 14.9% YoY. According to the State Fiscal Service, ferrous metals accounted for 19.7% of all exports as opposed to 20.76% last year. In September Ukraine exported $690.21 million worth of ferrous metals, down from $732.545 million in August. Ferrous metals imports in 9…
Miners of the Novovolynskaya No. 9 and Buzhanskaya mines have been striking for two days, refusing to go underground. They demand payment of salary for July and August. They also want Alexander Zorin to remain the CEO of the state enterprise Volynugol. According to some sources Andrei Pilipyuk could become a new general director. The…
In January-September DTEK Energo mined 16.9 million tons of coal, up by 10.5% YoY. In September the group mined 1.8 million tons, on the August level. “The DTEK coalmining enterprises operate at full capacity, so that during the heating seasons Ukrainians receive heat and light without failures”, the DTEK Energo mining director Mikhail Barabash declared.…