Russia: scrap deliveries to VMZ down in July 2018

In July Vyksa Iron and Steel Works received 39 thousand tons of scrap via railroad.

According to the railroad statistics, deliveries dropped by 132.7% YoY.

In January-July scrap deliveries to VMZ reached 330.1 thousand tons, down by 28.5% YoY. (Ukrainian metal)

Russia: UEM commissions short-drum furnace

The Uralelectromed subsidiary has put into operation after a scheduled repair an Engitec Technologies short-drum furnace. The inner insulation layer of the furnace has been replaced. The work cost some 2.5 million rubles. Refractory bricks of two types were used to assemble new lining. The short-drum furnaces are heated to 1200 degrees C to produce…

Russia: Severstal Russian Steel invests 4 million rubles in new machinery to repair rotors

Severstal has finished assembling new stand in the electric repair shop of Promservice center. The machinery has already been commissioned. “It was the idea of the shop employees to purchase the stand to repair electric engines. Investments totaled 4 million rubles”, Severstal Russian Steel repair division director Sergey Dobrodey said. The stand will make engine…

Russia: NLMK VP dies in Moscow

NLMK Group reports the tragic death of Dr. Bruno de Cooman, NLMK Group Vice President for Research and Development, on August 29 in Moscow. “Bruno De Cooman’s death is an enormous loss for the group and the entire sector, for his friends and family. He has made an invaluable contribution to the development of global…

Russia: VSMPO-Avisma IFRS net profit up in H1 2018

The net profit of VSMPO-Avisma grew by 40% YoY, to $167.58 million in January-June, as calculated under International Financial Reporting Standards (IFRS), the company said.

Revenue increased by 3.3%, to $786.08 million.

Earnings before interest, taxes, depreciation and amortization (EBITDA) decreased by 6.1%, to $317.52 million. (Prime/Ukrainian metal)

Uzbekistan: Uzmetkombinat launches production of ferroalloys

On August 29 the Uzbekistan Iron and Steel Works launched a workshop for the production of ferroalloys. The launch ceremony was attended by the President Shavkat Mirziyoyev, employees of the enterprise, representatives of the government of Uzbekistan and foreign investors. The cost of the implemented project is $60 million, the workshop is equipped with up-to-date…

Armenia: Armenal operating in stable mode

Lately a number of Armenian and Azerbaijani media reported on possible “mass firings” at Rusal Armenal because the US sanctions affected foil exports. The company is the largest producer and exporter of aluminum foil. “The works is operating in stable mode. No mass firings are in question. The information appearing in some media is false”,…

Tajikistan: coal output up in 2018

As of August 24, 988 thousand tons of coal have been produced, up by 67 thousand tons YoY. According to the Ministry of industry and new technologies, this year Tajikistan intends to produce 1.9 million tons of coal. The country has 14 coal deposits. Coal exports so far have reached 27 thousand tons valued at…

Ukraine: AMKR to submit more than 1000 computers to the schools

Charity fund of PJSC ArcelorMittal Kriviy Rih submitted 220 PCs to 13 schools and the Center for Children’s Social and Physiological Rehabilitation of Saksaganskyi district. The certificates for computer hardware were presented to the school directors in the administration of Saksaganskyi district. To improve facilities of the schools of Kriviy Rih, to make training of…