In September the “youngest” manufacturing enterprise of Ryazan Pipe Works in Novocherkassk turns 2. In 2 years the company produced 35 thousand tons of electric-welded pipes. The company employs 100 people. This year the company has already started manufacturing 10 new sizes of pipes, with 6 more to be introduced by year-end. In November construction…
In August Krasniy Octyabr produced 95% of the planned volumes of steel and 100% of rolled metal. The 1600-mill produced a record of cold-rolled sheet – 147 tons. The company has started manufacturing forged rods of large diameter of stainless steel. This month Krasniy Octyabr intends to produce 37413 tons of steel and 25090 tons…
Intergeo, belonging to Mikhail Prokhorov, has sold Amurmed. According to Intergeo, Amurmed is a less attractive asset for the group than the Ak-Sug in Tuva (5.7 million tons of copper) and Kingash in Krasnoyarsk Krai (2.2 million tons of nickel, and 1 million tons of copper, as well as cobalt, platinoids and gold). Amurmed has…
The US Ministry of Trade has approved of the size of preliminary antidumping duties on wire rod from Russia, Belarus and UAE. Duty for Russian wire rod will reach 436.8-756.93%, which is a record in American antidumping investigations on steel market for the past several years. Belarus Iron and Steel Works was hit with the…
ArcelorMittal Kriviy Rih is shutting down its double-bath steel mill No. 6 in the open-hearth furnace shop for scheduled repairs. According to the company statement, investments in the repairs will total 54.5 million UAH. Some 320 subcontractors will be working on the project each day. In spring the double-bath steel mill No. 6 was shut…
The shares of Centerra began rising in price at the Toronto Stock Exchange after the statement of the government of Kyrgyzstan on the agreements reached with the investor. On September 5, the value of Centerra’s shares was $6.05, on September 6 – already $6.23, and on September 7 they rose in price to $6.7. As…
Siberian Mining-Metallurgical Alliance (SiGma) will put the first stage of Ozernovskoye Mining and Processing Works in Kamchatka with the capacity of 100 thousand tons of ore or 2 tons of gold in operation in November. “We have finished constructing the road. In October we will start assembling the processing line. This year we plan to…
The Arbitrary court of Sverdlovsk region will study the case on acknowledging Ural Metal Company insolvent. The claim was submitted to the court on September 5 by Verkhnyaya Salda Iron and Steel Works LLC. The company claims 375.215 million rubles. Ural Metal Company was registered in 2007. Its main activity is wholesale trade in metal…