Interpipe continues supplying railroad wheels to Russia, even though the EEC has increased the import duty from 4.75% to 34.22%. According to the company CFO Denis Morozov, the Russian market is suffering from the wheel shortage, and the customers are ready to pay any price. “There is now no spare wheels in Russia. The shortage…
Under the project to commission new capacities of the second stage of the new rolling complex, the Kamensk-Uralsky Iron and Steel Works is finishing testing the finishing stand of the Danieli-Freling hot-rolling mill. The tests started in July. The project will allow the company supplying new semi-finished products to customers. The design capacity of the…
Beloretsk Iron and Steel Works has renewed its certificates of the correspondence for steel ropes used in oil and gas industry. In particular, rotary lines have passed the voluntary GOST R certification. Prior to that an audit has been carried out. The auditors have visited steel rope shops, the laboratory, and inspected the rope and…
In January-August Magadan region mined 261.8 thousand tons of coal, up by 9.1% YoY. At the same time, no coal was mined in July-August. There are 3 enterprises mining for coal in the region – Kolyma Coal Company LLC mined 185 thousand tons, up by 83% YoY; Association of Business Cooperation increased output by 17%,…
Zagorsky Pipe Works has received positive report of Gazprom on supplying pipes with outer coating on the basis of Russian-made materials only. This is the first time that ZTZ has mastered such a combination of materials. Earlier it used the imported and Russian materials to make corrosion-resistant coating. “This is the first major result of…
The Belarus Iron and Steel Works will introduce its business partners to the company’s innovative development plans during the fourth conference of suppliers that will be held on the sidelines of the international forum “Foundry and Metallurgy 2018. Belarus” that will take place in Minsk on October 17-18, the company’s spokesman Alexander Olesik reported. The…
Gold is illegally mined in Aksy district of Jalal-Abad region. The State Inspectorate for Environmental and Technical Safety made a decision to prohibit the activities of Spektr LLC. Despite the ban, the company continues exploration on the alluvial gold deposit. As the Deputy Chairman of the State Committee of Industry, Energy and Subsoil Use, Suyuntbek…
Prices of precious metals varied on September 26, according to the data published by the Central Bank. The price of gold increased by 5.661 manats, to 2,043.502 manats per ounce on September 26 compared to the price on September 25. The price of silver grew by 0.4269 manats, to 24.6494 manats per ounce. The price…