Russia’s second biggest lender VTB has bought almost 50 billion rubles of the debt of the metals producer Mechel from Sberbank to become the largest creditor of the group, the bank said in a statement on November 7. “Group VTB has purchased the debt of the group Mechel from Sberbank totaling a little less than…
For the first time ever Beloretsk Iron and Steel Works has certified new grades of wire for the welding of metal structures. The certificates have been granted for the new grades of stainless steel wire with the diameter of 1.2, 2 and 3 mm. The wire has been tested by the National Agency of Welding…
In October Yuzhniy Mining and Processing Works increased concentrate output by 7% YoY, to 1009.4 thousand tons. At the same time sinter output dropped by 100%. In January-October UGK produced 9582.2 thousand tons of concentrate, up by 5.7% YoY, but sinter manufacture fell by 32.8%, to 945.8 thousand tons. (Ukrainian metal)
Mechel-Service has supplied 1.2 thousand tons of rolled metal to Berezniki Mechanical Works (BMZ) in Perm region to produce conveyer mine equipment. BMZ is the largest manufacturer of processing, mining, metallurgical and chemical machinery. Since the start of the year Mechel-Service has supplied sheet and bars manufactured by Chelyabinsk Iron and Steel Works and Izhstal,…
The Uchaly mine of the Uchaly Mining and Processing Works has received a Sandvik TH 545i mine dump truck. The machine with the lifting capacity of 45 tons will be used to transport rock underground and will be operating at the Novo-Uchalinskoye deposit. Until the end of the year the mine is expected to receive…
Rusal Kremniy-Ural intends to suspend the operation because of the unprofitability. “Under the stable trend of global silicon prices decrease, its manufacture in Russia becomes very unprofitable. That is why from December 1 we will suspend the manufacture of the silicon in the Urals until the prices are stabilized”, a Rusal representative noted. At present…
OMK has finalized a deal to purchase 100% minus 1 share of Railroad Car-Repairing Company-3 (VRK-3) from the Russian Railroads for 8.65 billion rubles. According to the group, this will allow it entering another transport market segment. VRK-3 comprises 42 enterprises with the combined capacity to repair over 100 thousand railroad cars per year. (Ukrainian…
Having purchased Krivorizhstal, ArcelotMittal has invested $4.4 billion in its Kriviy Rih asset, and in the nearest 5 years will invest $1.8 billion more. According to the company deputy CEO on metallurgical manufacture Alexander Ivanov, the main focus will be on the change in sinter manufacture, which accounts for some 70% of air pollution. “We…
