In January-March, Metinvest B.V. decreased capital investments by 8% YoY, to $198 million. The share of projects to improve capacity reached 43%, up from 39% in Q1 2018. Capital repairs accounted for 57% of investments (61% last year). Metal segment accounted for 50% of investments, while mining – 48%. 2% fell on corporate expenses. Last…
Until the end of the year SMC-Kolpino will produce 14 dump car sides for Karelsky Okatysh. The length of each side will be 14 meters, height – 1.3 meters and weight – over 4 tons. The sides will be produced of sheet and plates manufactured at the mill-5000 in Kolpino. SMC-Kolpino mastered the manufacture of…
The gold-ore company Rudnik Karalveyem at the auctions on May 22-23 won the right to develop three alluvial gold sites in Chukotka region. The company offered 43.659 million rubles for the Nevidimiy site. The initial price increased 485.1-fold. The Zayachiy site was sold for 69.3 million rubles. And the price of the Poldnevoy Brook site…
In April, Electrostal Tyumeni exceeded the output target by 9%. In particular, the electric arc shop made 31 steel meltings per day, while the average result is 27 meltings. Rolling shop produced 2.6 thousand tons per day with the average being 2.1 thousand tons. Last year the company mastered the manufacture of 34 new sections…
Evraz has presented new solution for bridges made of rolled metal at the International exhibition Metal Structures’2019. Yevgeniy Samarin, manager of the market demand development department, has spoken of the flanged beams for the small bridge structures with the length of up to 25 meters. According to him, the advantage of using these beams in…
According to Worldsteel, in January-April steel output in the world totaled 599.86 million tons, up by 4.76% YoY. China is traditionally in the lead with 314.96 million tons produced, up by 10.14%, and the share of 52.5% Ukraine produced 7.44 million tons of steel, up by 6.6%, securing the 13th place. (Ukrainian metal)
Severstal deems the VTB Capital report on Russian steel demand too optimistic. The analysts believe that from 2019 steel consumption in Russia will grow by 5% per year and will have reached 14 million tons by 2025. The growth will be due to the national projects – creation of infrastructure valued at $170 billion will…
Since 2016 Dneprovsky Iron and Steel Works has invested 329 million UAH in environment-protection measures. As a result, air pollution decreased by 25%. According to DCH, the owner of the plant, this is the best result among Ukrainian metal companies. The company employs some 4.5 thousand people, with 80% of them living nearby. In 2018…