Russia: Evraz ZSMK repairs converter

Evraz ZSMK has finished a 55-day capital repair of its oxygen converter. The capacity of the machine is over 100 thousand tons of steel per month. Investments reached 90 million rubles. Evraz ZSMK operates 5 converters. On average they produce 570 thousand tons of steel per month. Next year another converter and continuous casting machine…

Russia: court freezes SMZ shares sales

The arbitrary court of Perm region has partially satisfied the claims of the Federal Antimonopoly Service on taking measures in the dispute with enterprises under control of the Solikamsk Magnesium Works owner. The court prohibited Cyprus-based Volesko Yjldings Ltd, Slontecco Investments Ltd and Fullcircle Facilities Management Ltd doing anything with the company shares. The Antimonopoly…

Russia: Tagmet modernizes pipe-rolling capacities

Taganrog Iron and Steel Works has finished modernizing its circular furnace and a pipe hot-rolling site in the pipe-rolling shop. In particular, the company has commissioned four new pipe threading machines, as well as upgraded one pipe threading and two coupling threading machines. Under a large-scale modernization program scheduled to be completed in 2021 Tagmet…

Turkmenistan: mining works to be constructed

President Gurbanguly Berdymuhamedov has tasked the government with construction of a metal works. Vice Prime Minister on oil and gas complex Myrtgeldy Meredov has noted that large deposits of iron ore have been discovered on the territory of the Balkan region. Berdymuhamedov ordered the government to construct a mining works to process iron ore. (Ukrainian…

Ukraine: PFK gets new CEO

Local citizen of Pobugskoye Denis Shevchenko has been appointed CEO of Pobuzhye Ferronickel Plant instead of Oleg Bespalov, who has been chairing the company since 2014 under a 5-year contract. The task of the new CEO is to continue building a modern European-type enterprise taking into account global development principles. Shevchenko worked not only in…