Interpipe wants Ukrzaliznytsia to sell scrap on FCA terms. “We do not buy scrap from Ukrzaliznytsia, as we do not agree with the terms of the current auctions. The key problem is the terms of delivery. They are trying to sell a batch of scrap lying somewhere and weighing none knows how much, protect it…
Cherepovets Iron and Steel Works has completed capital repairs of converter No. 3 in the converter steel shop. In 2018 the converter became the first at the works to be switched to the combined steel blowing. The converter was able to carry out 3200 steel blowings with the warranty index of 3000. The analysis of…
Ukraine must protect its market from the inflow of Chinese pipes. “China constantly increases the deliveries of seamless pipes to Ukraine, especially lately”, Interpipe CFO Denis Morozov said. According to him, earlier Europe, USA and Russia imposed a number of limitations on the delivery of Ukrainian pipe products. “In this trade war we must protect…
Uralelectromed has put into operation a new reverberatory furnace to produce copper granules. In one smelting the furnace processes 25 tons of raw materials, up by 5 tons from the previous furnace. The furnace will produce some 16 thousand tons of copper granules per year. This will help increase blue copperas manufacture. UEM has been…
Stepnoy Pit, a part of Russkiy Ugol, is developing the Chernogorskoye deposit. Since its commissioning in 1993 the pit has extracted over 65 million tons of coal. The anniversary 65-millionth ton was mined on May 24. Last year the pit extracted over 4.2 million tons of coal with 3.4 million tons processed at the factory.…
Elga Coal Pit has put into operation an ESH 20-90 C walking excavator. The machine valued at 1 billion rubles can load over 3 million cubic meters of rock per year. The excavator was produced by Uralmashzavod to order. This is the most powerful machine at the pit. It has the ladle volume of 20…
Greenleas International Holdings, Abiglaze Limited, Crosland Global Limited and Toshi Holdings have announced their decision to sell some 1.7% of Evraz shares. According to Evraz, this is around 25 million shares. Romans Abramovich indirectly owns Evraz shares through Greenleas International Holdings, Alexander Abramov – through Abiglaze Limited, Alexander Frolov – through Crosland Global Limited, and…
In January-May Russia produced 25.6 million tons of rolled metal, on par with 5 months of 2018. In May output grew by 8.5% MoM and by 0.9% YoY. According to the Federal Service of State Statistics, pig iron manufacture in 5 months totaled 21.3 million tons, down by 1.5%, with May results up by 3.7%…
