Severstal announced its operational results for Q3 and the 9 months of 2017. Hot metal output remained almost unchanged at 2.23 million tons (Q2 – 2.24 million tons) compared with the previous quarter, whereas crude steel production was up by 4% at 2.94 million tons (2.83 million tons). Crude steel output at CherMK in Q2…
Metalloinvest has signed two long-term credit facility agreements with ING Bank guaranteed by export credit agencies (ECA). The funds will be used to purchase equipment for the implementation of investment projects at Ural Steel (part of Metalloinvest). One of the agreements, a EUR 11.5-million ten-year credit line guaranteed by Euler Hermes Aktiengesellschaft (Germany), will be…
In January-August Ukraine mined 26.175 million tons of coal, down by 11.5% YoY. According to the Ministry of energy and coal industry, of this 4.4 million tons were extracted at state mines, down by 16.4% YoY. In September Ukraine mined 2.6 million tons of coal, with 0.4 million tons extracted by state mines. The share…
In January-September metal consumption in Ukraine increased by 6.3% YoY. According to Ukrmetallurgprom, metal companies supplied 2.737 million tons of products to the local market against 2.574 million tons in 9 months of 2016. The local market share increased from 15.8% to 20.3%. At the same time exports dropped by 20.8% YoY, to 10.732 million…
The Central Mining and Processing Works has not supplied some 45 thousand tons of iron ore products to its customers in Eastern Europe because of the lack of railroad wagons. According to the company CEO Dmitry Shevchik, of this volume some 15 thousand tons are irreparable losses. At the same time Ukrzaliznytsia lost around 10…
Severstal – Bar Works Balakovo has received a certificate of correspondence to DIN 488 of B500B steel. In summer the works rebars were tested by Betonstahl. The independent experts confirmed the correspondence of the rebars to the DIN 488 standard. The certificate covers rebars with the diameter from 8 to 32 mm. Severstal-Balakovo is ready…
Vyksa Iron and Steel Works pipes have received the Gazprom certificate for the correspondence to InterGazCert system. The certificate confirms that the electric-welded large diameter pipes to be used in construction, reconstruction and repairs of pipelines completely correspond to the Gazprom standards. Earlier the works received the InterGazCert certificate of the quality management system according…
For the first time the ChTPZ group will supply large diameter pipes to OMV, the largest oil company in Central Europe. The order is for 850 tons of pipes with the diameter of 508 mm and the wall thickness of 14.2 mm with three-layer polyethylene coating, as well as 1620 tons of pipes with the…