Zagorsky Pipe Works and the country’s second largest bank VTB have signed an agreement to build a 35-billion ruble seamless pipelines plant, the bank said. “In accordance with the agreements of the parties, VTB plans to act as a financial investor of a project for construction of a new industrial cluster that will produce seamless…
Interpipe intends to redirect the sales of pipes, which had to be sold to the state enterprise Ukrgazvydobuvannya, to foreign markets and private Ukrainian gas extractors. “We are a diversified company in the pipe segment. In Ukraine we sell some 20-25% of pipes. We also have a large share on the American, European and Near…
Energomashspetsstal has successfully fulfilled an order to supply supporting rolls to Salzgitter Flachstahl GmbH. The agreement was concluded in March. Under the contract EMSS produced and shipped 2 bulk rolls with the combined weight of 80 tons. The rolls will be used in hot-rolling mills at Salzgitter Flachstahl GmbH. (Ukrainian metal)
In September the Northern Railroads transported 5.4 million tons of cargo, up by 5% YoY. Throughput in January-September was 49.3 million tons, up by 5.6%. In particular, 6 million tons of ferrous metals were transported, up by 1.3%, 3.7 million tons of coal, up by 32%, and 2.7 million tons of non-ferrous ores, up by…
Izhstal has capitally repaired the steel-smelting complex to produce structure, alloyed and stainless grades of steel. The complex consists of an arc-furnace, a continuous casting machine and machinery for off-furnace steel treatment. Its capacity is 300 thousand tons of castings per year. The complex manufactures more than 80% of Izhstal steel. (Ukrainian metal)
ArcelorMittal Kriviy Rih has started hot-testing of its small-section mill No. 250-4, in the reconstruction of which it has invested over $50 million. A part of the amount was spent to purchase Danieli machinery. The new equipment has been designed and supplied by Schneider Electric. Previously the mill was only able to make products of…
This year Central Mining and Processing Works has purchased 5 BelAZ sprinkling machines. They are now used to suppress dust at the quarries and in the slurry shop, while in winter they will be sprinkling roads with salt solution. Three new BelAZs with 32-cubic meter tanks can cover the area of 25 meters each. There…
Gazprombank plans to sell a 34% stake in the Elga coal project to metals and mining group Mechel for slightly over 30 billion rubles, a source familiar with the situation reported. He also said the deal should be closed by January 20, 2020. On September 30 a spokesman for Mechel said that the company accepted…