Novgorodsky Iron and Steel Works is finishing the modernization of power machinery in the copper electrolysis shop. In December it has replaced 9 out of 12 electrolysis series shunting switches. This transfer will considerably decrease expenses on managing and repairing the machinery, having prolonged its service life. The cost of one shunting switch is 3…
In 2017 Elgaugol LLC has purchased over 20 units of mining machinery. In particular, in December the company received 4 BelAZ dump trucks with the lifting capacity of 130 tons. In early 2017, 5 KamAZ buses were purchased to bring employees to the work. The company has also purchased 5 lifters. “In 2018 we intend…
The capacity of the processing factory at the Stoylensky Mining and Processing Works has increased by 800 thousand tons of iron ore concentrate per year thanks to 4 new press-crushing mills. Thus, the annual capacity of the GOK has reached 17.4 million tons, completely covering the needs of NLMK in iron ore concentrate with Fe…
TMK intends to issue bonds valued at 60 billion rubles. According to the company statement, the decision was taken at the board of directors meeting on December 25. The bonds will be issued for 15 years. At present TMK has two issues of eurobonds with the maturity in January 2018 and April 2020 with the…
The Ministry of industry and trade has responded to the claim of domestic metal makers pointing to the Kazakhstan dumping with flat rolled metal supplies, and following the address of Russian Steel has started an investigation. Kazakh metal companies have drastically increased supplies, which, as claimants say, is connected to the state subsidizing steel makers.…
Centravis Production Ukraine forecasts that in 2017 its sales will grow by 20% YoY. “Sales volume-wise we will grow this year by 20% it tons”, the company sales director Waldemar Scheiermann said. According to him, the company orders portfolio in 2017 narrowed as it cut short-run and low-margin products. (Ukrainian metal)
Ukrainian Prime Minister Volodymyr Groysman has instructed the Minister of Energy and Coal Industry, Ihor Nasalyk, within three months starting from January 1, 2018 to draft and submit for consideration by the Cabinet of Ministers a step-by-step plan for the development of the state coal industry. “We need to increase the volumes of extraction of…