Since 2015 Zaporizhstal has invested 30 million UAH in the support of the child sport, and together with other Metinvest companies and the Shakhter football club has initiated a new social project. Zaporizhstal, Zaporozhogneupor and Zaporozhye Casting and Foundry Works together with the Shakhter club are carrying out a project to provide 300 local children…
Mechel intends to reach agreements with its main creditors to postpone debt-clearing time. In 2016 the company agreed with the state banks and restructured the larger part of its debt, having postponed payments to 2020-2022. The company has started new talks with its creditors believing that the current cash flow will not be enough to…
Chepets Mechanical Works has started trial work to process wastes originated when the company produced uranium tetraftorid. This is the first project in Russia to process uranium tailings bottom sediment. The uranium tetraftorid manufacture (the first stage of uranium conversion) was shut down in 2013. Research showed that the company could now produce ammonium poliuranate…
Cabinet of Ministers has made amendments to the order of using state budget funds for the restructure of coal industry to clear salary debts to miners. The amendments provide for transferring 100 million UAH to pay salary to state miners. 100 million UAH more will be spent to pay for electricity at mines. And 150…
In January-July deliveries of coking coal to by-product coke plants decreased by 2%, to 8.28 million tons, including 1.83 million tons of local coals (+17%) and 6.45 million tons of imported coal (-6%). The share of imports dropped to 77.9% from 81.4% in January-July 2018. In July coal deliveries grew by 22%, to 1.18 million…
On August 15 steel spilt out at the converter shop of Azovstal. The accident happened due to the opening of the steel ladle. There were no injured. The company says the accident will not affect the environmental situation in the city of Mariupol. The shop is operating in normal mode. On July 12 pig iron…
In April-June TMK increased revenue by 4% QoQ, to $1307 million. EBITDA grew by 11%, to $195 million. Net debt as of June 30 totaled $2641 million. In H1 revenue decreased by 2% YoY. EBITDA went up by 4%, to $370 million. In particular, Russian division EBITDA increased by 18%. (Ukrainian metal)
Copper producer Uralelectromed, a part of Russia’s Ural Mining and Metallurgical Company (UMMC), does not rule out branching out to the domestic market of steel structures, the company said in a statement on August 16. “Currently, the company’s production satisfies demand of other UMMC companies. But we may enter the Russian market and occupy a…
