Mine No. 10 Stepnaya of Lvivugol resumed operation. According to Lvivugol, coal is mined in normal mode. Emergency rescuers are present at the mine. On March 2, following the explosion 8 miners perished and 20 were rushed to hospital. (Ukrainian metal)
Minerfin (Slovakia) and Zaporizhstal will not stop investing into the Zaporozhye Iron Ore Complex. “Despite the very difficult situation – two years ago iron ore world prices dropped sharply – we still carried on investing in the construction of the grinding complex. I hope the development of the enterprise will not stop, and together with…
Mariupol Ilyich Iron and Steel Works is continuing the reconstruction of the gas-purifying system at its sintering factory. “Builders are active in the construction of the desulfurization complexes of sintering machines No. 7-9”, the company CEO Yuri Zinchenko reported. “In a month all the metal structures will be assembled (120 tons have been assembled so…
In January raw cobalt production in Russia decreased by 7.9% YoY and by 0.5% MoM. According to the Federal Service of State Statistics, raw nickel output dropped by 40.7% YoY and by 27% MoM. (Ukrainian metal)
The Siberian bank of Sberbank has put on sale at Avito.ru the Aluminum Castings Works in Barnaul, Altai region. The bank is selling 4 manufacturing premises, roads and railroads. Three shops are leased. There is also electricity enough for a large industrial enterprise, gas, water and heating. The size of the works is 40.657 thousand…
Investments into Karelsky Okatysh, a part of Severstal, in 2017 will reach 4.7 billion rubles. 1.7 billion will be spent on decreasing expenses, increasing output and improving products quality. 2 billion rubles will be spent on buying new equipment. Energy efficiency also remains one of the primary targets. “Not all companies in the industry have…
In 2016 NLMK Group increased its EBITDA profitability by 25% YoY and its free cash flow by 9%, to $1.1 billion. According to the company statement, its revenue reached $7.64 billion. EBITDA remained flat at $1.94 billion. Investments dropped by 6%, to $559 million. The net debt of the group decreased to $0.69 billion. (Ukrainian…
In 2016 Meta Group, a part of ChTPZ, sold 1.354 million tons of scrap, up by 4% YoY, with 760 thousand tons being the group procured scrap, and 594 thousand tons – transit scrap. Meta-Perm demonstrated the growth of 6.1 thousand tons, Vtorchermet – 10.6 thousand tons, Meta-Chelyabinsk – 17.1 thousand tons, and Meta-Yekaterinburg –…