Corum Group has concluded an agreement with Donetskstal to construct excavations at the Pokrovskoye Mine Group. According to the company statement, the commissioning is scheduled for 2018-2019. The company will construct two excavations – ventilation and conveyer drifts with the combined length of 2700 meters. (Ukrainian metal)
In January-February Russia imported 37.1 thousand tons of corrosion-resistant flat steel valued at $83 million, down by 14.7% and by 5.6% YoY respectively. The 600 mm wide sheet accounts for 90% of the imports. The main supplier is China (45%), followed by Taiwan (14.6%) as well as Spain and South Korea (around 7% each). (Ukrainian…
Severstal has finished the capital repairs of Henschel-3 press shears used to process bulk and heavy scrap. “Each year the machine processes hundred thousand tons of scrap for the Cherepovets Iron and Steel Works steel manufacture. The modernization of such important equipment was carried out in less than 25 days. 15.8 million rubles were spent”,…
Chelyabinsk Iron and Steel Works is celebrating its 75-anniversary since the manufacture of the first steel. The first steel was produced in 1943 during the World War II. Since then the company has mastered the manufacture of some 2 thousand steel and alloy grades, as well as over 4 thousand types and sizes of rolled…
A new turbine unit with a maximum capacity of 50 MW will be installed at MMK’s Central Power Plant (CPP), which will significantly increase the plant’s efficiency and increase the level of reliability and manufacturability of the plant’s entire power system. Steam turbine T-42/50 will be supplied in April-May by the Ural Turbine Works. The…
The prices of the main precious metals decreased in Azerbaijan on April 20, according to the data published by the country’s Central Bank. The cost of gold decreased by 15.9375 manats, to 2282.0545 manats per troy ounce compared to the price on April 19. The cost of silver decreased by 0.0597 manats, to 29.2292 manats…
Novelis, the world’s biggest producer of rolled aluminum products, will no longer purchase metal produced by Russian aluminum giant UC RUSAL to comply with U.S. sanctions. The company said that it could reduce its dependence on aluminum purchases from RUSAL. “Accordingly, we are confident that the risk for any material disruption in production will be…
Russia is demanding compensation from the United States for its decision to impose worldwide tariffs on steel and aluminum, a Russian statement published by the World Trade Organization shows. The United States maintain that the tariffs are based on national security concerns and fall outside the remit of the WTO rules, but Russia, China, India…
