Severstal has completed the large-scale modernization of the rotary kiln No. 2 in the metal treatment shop No. 1 of Cherepovets Iron and Steel Works. The total cost of the project amounted to 230 million rubles. The kiln modernization will considerably improve the heating quality of the high-strength grade steel after it is rolled at…
The Dneprovsky Iron and Steel Combine problems could result in it suspending operation. The company debt burden is 83 billion UAH. Such a debt was accumulated due to the Industrial Union of Donbass (ISD) shareholders using various grey schemes, as well as a number of strategic mistakes. In particular, ISD was not able to construct…
Electric energy expenses of industrial consumers have grown by 22%, and the full price has reached 1.93 UAH per kW-h. According to Interpipe, on July 1-2 the average electricity price was 1.58 UAH per kW-h, roughly on par with the June level. But now a tariff of Ukrenergo has to be added to this price,…
Russian aluminum giant UC RUSAL has set the final coupon guidance for 15-billion ruble 10-year exchange bonds at 8.6%, which corresponds to a yield of 8.78% to a 3.5-year buyback offer, a banking source reported. The initial coupon guidance amounted to 8.6-8.75%. The technical placement of the bonds is preliminarily scheduled for July 11. Otkritie…
Severniy Mining and Processing Works is carrying out an energy efficiency program to install lighting in shops. Investments this year will amount to some 50 million UAH. At the first stage lamps will be replaced in 4 shops, ore-processing and crushing factories. The ore-processing factory No. 1 will see the largest replacement – 5800 lamps.…