Energomashspetsstal is continuing its cooperation with ArcelorMittal. In January the company received an order from the European company of ArcelorMittal – Belval & Differdange to produce and supply two rolls for the hot-rolling mill. The total weight of the rolls will be 68.7 tons. According to the contract, they have to be shipped in Q3.…
On the night of December 31, 2018, a part of a ten-storey apartment building in Magnitogorsk collapsed following a gas explosion. The explosion and subsequent collapse claimed the lives of 39 people. Employees of Magnitogorsk Iron and Steel Works (MMK) and the MMK Group were involved from the beginning of the rescue effort. MMK deployed…
Kolmar, Inaglinsky Mining and Processing Works and AVIC (China) will jointly construct the Inaglinskaya 2 processing factory. The construction will be carried out in 2 stages. The enterprise capacity will be 12 million tons of coal per year. The agreement valued at 3.5 billion rubles was signed on December 25, 2018. (Ukrainian metal)
Uralelectromed has put into operation a new stationary crane manipulator produced by Velmash. In just a week the machine has already processed over 200 tons of non-ferrous scrap. The new hydraulic manipulator has replaced an outdated one. The investments in the machine totaled 2.2 million rubles. (Ukrainian metal)
In January-November 2018 Russia exported 2.79 million tons of raw aluminum, up by 4.4% YoY, valued at $4.903 billion. According to the Federal Customs Service, nickel exports dropped by 3.7%, to 122.1 thousand tons, valued at $1.594 billion, up by 25.2%. Copper exports increased by 15.7%, to 612.3 thousand tons, valued at $3.89 billion, up…
Karabashmed has commissioned the second of three Kumera converters. Two new converters with the capacity of 150 tons each will increase raw copper manufacture by 15-20%. The third converter will be commissioned this year, while the old machines will be disassembled. (Ukrainian metal)
In January-November 2018 the share of metal and wares in the overall import structure grew to 7.2% from 7.9% last year. In particular, in imports from far foreign countries their share increased to 5.9% from 5.7%, and from CIS countries – to 17.6% from 16.8%. According to the Federal Customs Service, in money terms imports…
Metinvest has gathered all the 100% of Central Mining and Processing Works shares. As of December 31, 2018 Metinvest B. V. share in the statutory capital of CGOK grew from 49.751% to 50%, and taking into account the share of Metinvest Management B. V. (50%), the group consolidated 100%. Metinvest B. V. purchased shares on…