NLMK Lipetsk, the group’s flagship production site, has begun construction and installation works on the complete overhaul of Continuous Casting Machine (CCM) No. 9, which is a milestone project in NLMK Group’s Strategy 2022. The launch of the new CCM No. 9 will conclude the blast furnace and steelmaking operations development program, aimed at boosting…
The net profit of the Russian steelmaker Severstal fell by 11.3% YoY, to $903 million in January-June, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement. Revenue shrank by 5.1%, to $4.208 billion in the period, earnings before interest, taxes, depreciation and amortization (EBITDA) decreased by 10.4%, to $1.416 billion.…
Russian steelmaker Magnitogorsk Iron and Steel Works (MMK) reduced its steel output by 0.5% QoQ, to 3.091 million tons in April-June, while cast iron production rose by 2.3%, to 2.452 million tons, the company said in a statement. In January-June it raised its steel production by 0.4% YoY, to 6.198 million tons. Cast iron production…
France’s Air Liquide has started construction of a 130-million euro industrial gases plant that would supply oxygen, nitrogen, and argon to a plant of U.K.-based mining giant Evraz, which operates mainly in Russia, in the Kemerovo region. The plant will comprise two air separation units, and will be launched in 2021. It should raise power…
In January-June Ukraine manufactured 5.189 million tons of metallurgical coke, down by 3.3% YoY. In particular, in June plants produced 769 thousand tons of coke and in May – 917 thousand tons. The decrease in manufacture is due to the drop of coking coal supplies from Russia. Moreover, some metal works shut down their capacities…
Some 2 thousand tons of liquid pig iron has been spilt at the Azovstal Iron and Steel Works. A hole has been burned down in the mixer No. 1 of the converter shop. There were no injured. (Ukrainian metal)
In May Russia exported 257 thousand tons of raw aluminum, down by 34% MoM and by 25.4% YoY. In January-May exports decreased by 29% YoY, to 1.5 million tons. In monetary terms since the start of the year the exports have dropped by 23.6%. Export prices in May fell by 5.7% MoM, to $1.7 per…