Ukraine: Azovstal shuts down BF6 for repairs

Azovstal Iron and Steel Works has shut down its blast furnace No. 6 for capital repairs.

Its modernization will improve its efficiency, lower manufacturing prime cost and decrease dust emission by 55%.

At present the specialists are preparing to start disassembling structures. (Ukrainian metal)

Russia: Alfa-Bank cuts stake in Polymetal

Alfa-Bank has reduced its stake in Russian precious metals producer Polymetal International by 0.03% to 4.98%, the bank said in a statement on June 11.

The reason for the reduction was not disclosed. (Prime/Ukrainian metal)

Russia: CherMK commissions coil-rewinding machine

Cherepovets Iron and Steel Works has assembled and put into operation an APR-650 coil-rewinding machine with the capacity of 650 thousand tons per year.

The machine is scheduled to reach its design capacity in Q3.

Over 30 jobs have been created.

In May employees were trained by LDM (Italy) specialists. (Ukrainian metal)

Russia: ChTPZ H1 2019 revenue to drop

In H1 ChTPZ expects to sell over 900 thousand tons of pipe products. According to the pipe division CEO Boris Kovalenkov, the expected drop of revenue – to 88 billion rubles – will be compensated for in H2. Net debt to EBITDA ration will be 2.5-2.75. Last year ChTPZ pipe division enterprises sold 1.92 million…

Ukraine: AMKR shows facilities with significant environmental benefit

In the lead-up to World Environment Day, ArcelorMittal Kriviy Rih invited the public to its industrial facilities that were declared in the city environmental program and already reconstructed with significant environmental benefit. Environment protection specialists of Mining and Steelmaking Complex companies, the representatives of governmental entities, local government authorities of Kriviy Rih and other cities…