The acting director of the United Mining and Chemical Company Alexander Gladushko believes the state ownership limits the enterprise development. “The taxation base is a burden for state companies. It considerably limits the spending on modernization, and the company itself has limited opportunities on reconstruction”, he said. He believes, that the private ownership will allow…
Sumgayit Technology Park (STP) has delivered a large batch of cables to Tajikistan. The products were delivered as part of the reconstruction work in the Roghun hydroelectric power station. The company shipped two types of cables: control cables and low voltage cables (up to 1 kV). Earlier, STP delivered the first batch of power cables…
In May, according to the railroad statistics, direct supplies of ferrous scrap to NLMK-Kaluga totaled 138 thousand tons, up by 23.6% MoM and by 2.2% YoY. In April the results were +45.6% and -7.5%, and in March -8.6% and +31.3% respectively. In January-May the company received 498.8 thousand tons of scrap, up by 14.7% YoY.…
Irkutskgeofizika, a part of the state geological holding Rosgeologia, has started the summer field season with the prospecting works at the Okino-Iyskaya territory in Irkutsk region. The goal of the project is to locate and evaluate R1 and R2 gold resources. The project will be completed in Q4 2020. (Ukrainian metal)
In May the most efficient rolling mill at MMK – the 2000 hot-rolling mill – set a record of monthly output – 527.5 thousand tons. This is the maximum monthly output since the mill’s commissioning in 1994. The previous record was set on January 2015 – 526.2 thousand tons. The 2000-mill is one of the…
Severstal has started another stage of the coke-oven plant No. 4 construction at Cherepovets Iron and Steel Works – the drying and heating of the new machine. The total cost of the investment project is some 6 billion rubles. One of the advantages of the new coke-oven plant is the considerable decrease of environment impact.…
The number of operating state coalmines in Ukraine has decreased. “Last year we finished the process of shutting down 5 state mines”, the minister of energy and coal industry Igor Nasalik said. He also named the mines, which coped with the coal output targets. “These are the Yuzhnodonbasskaya No. 1, the mine named after Sugray,…
In April Russia exported 1.504 million tons of steel semi-finished products down by 5% MoM. According to the customs statistics, flat rolled metal exports grew by 26.8%, to 806 thousand tons. In January-April semi-finished products exports increased by 11.5% YoY, to 5.446 million tons, while those of flat rolled metal dropped by 12.4%, to 2.708…