Within the program of major machinery modernization Yekaterinburg Non-Ferrous Metals Processing Works is expecting the delivery of the Schmidt drawing machine for wire manufacture. “The machine absolutely meets the requirements of our company. It is much up-to-date than its analogues, used in our drawing manufacture now. Because of that the highest quality of products is…
Vyksa Iron and Steel Works has produced 10 million tons of hot-rolled coils since the commissioning of its foundry-project complex. The complex started operating in October 2008 and was the first iron and steel works built in the Russia’s newest history. The VMZ complex produces hot-rolled steel coils with the thickness of 1-12.7 mm and…
TMK, one of the world’s leading producers of tubular products for the oil and gas industry, announced that the Board of Directors at its meeting on April 26 decided to hold an Annual General Meeting of Shareholders (AGM) on June 21. The record date for the list of shareholders eligible to participate in the AGM…
Metalloinvest, a leading global iron ore and merchant HBI producer and supplier, and one of the regional producers of high-quality steel, has announced its operational results for the first quarter of 2018. Andrey Varichev, CEO of Management Company Metalloinvest, commented: “In the first quarter of 2018 Metalloinvest continued the successful implementation of its strategy to…
The minister of energy and coal industry Igor Nasalik has held a meeting with the employees of the Novovolynskaya mine No. 9 of the state enterprise Volynugol. According to the Independent Miners’ Union chairman Mikhail Volynets, the miners have arrived at the capital for the meeting. Last year the Novovolynskaya No. 9 miners several times…
In March world pig iron manufacture decreased by 1.37% YoY, to 100.7 million tons. According to World Steel, in 3 months pig iron output dropped by 0.56% YoY, to 290.875 million tons, with China still being the leader with 60.455 million tons produced in March. Ukraine in March produced 1.678 million tons of pig iron…
The prices of gold, silver, platinum increased, while the price of palladium decreased in Azerbaijan on May 4, according to the data published by the Central Bank. The cost of gold increased by 5.5675 manats, to 2231.5985 manats per troy ounce compared to the price on May 3. The cost of silver increased by 0.0462…
The meeting of employer PJSC ArcelorMittal Kriviy Rih and the representatives of labor collective began on May 3 with a purpose to start reconciliation procedures. As of early May 4, it has already lasted for over 18 hours. The employer signed an agreement regarding the creation of reconciliation commission in order to settle collective labor…