The salary debts to state miners amount to 348.1 million UAH. According to the minister of energy and coal industry Igor Nasalik, the debts arose from the difference in the sales price of coal and the prime cost of its extraction. On August 22 a new bill took effect envisaging the provision of 1.4 billion…
Izhstal has completed the capital repairs of the steelsmelting complex. The complex consists of a powerful arc furnace (DSP-40), a continuous casting machine, a ladle-furnace and a degasser. The capacity of the complex is 300 thousand tons of billets per year. At present the company produces some 300 steel grades, including 37 stainless grades. The…
Cherepovets Iron and Steel Works has started the commissioning under the investment project to replace compressors valued at 1 billion rubles. The compressors will have been put into operation by the end of September. The machinery has been supplied by Hanwha Techwin, South Korea. 3 main compressors commissioned in the 1960s have been replaced under…
In January-August the Republic of Buryatia mined 3754 thousand tons of coal, up by 42.8% YoY. Razrez Tugnuyskiy has contributed the most to the output increase. At the same time, the regional ministry of natural resources does not disclose the enterprise output. (Ukrainian metal)
Uralelectromed powder wares shop has produced a new frame size for the commutator bars for TL-2K electric locomotive engines. For three months the trial batch of the bars will be tested at the Russian research-scientific institute of electric locomotive building in the city of Novocherkassk. The company has received an order for the new type…
Metinvest has shut down the blast furnace No. 4 of the Azovstal Iron and Steel Works to carry out an ecological modernization. After the modernization the company will completely stop using seawater to cool the blast furnace. Moreover, in 2014-2016 the blast furnace underwent a reconstruction valued at 2 billion UAH. “Now we will replace…
Rusal is gathering a team of traders in China. According to sources, Rusal is creating a trade company consisting of a head of sales and traders, specializing in aluminum and alumina. The company will trade aluminum produced on local Chinese market. Rusal also hopes the company will analyze the ways to import metal to China…
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has extended the deadline for investors to wind down business with Russia’s En+ Group and aluminum giant UC RUSAL until November 12 and from GAZ Group until October 23, the authority said. “En+ and RUSAL have approached the U.S. government about substantial corporate…