Anatoly Sedykh, owner of OMK, has assessed the Russian market of wheels. “This year we plan to produce 950 thousand wheels, and next year we’ll increase the output by 50 thousand wheels. Evraz will increase output by 550 thousand pieces, to 1.5-1.6 million wheels. Moreover, there is also Interpipe on the Russian market, that’s 170-200…
Yuzhniy Mining and Processing Works has invested almost 400 million UAH in the modernization of the technological section No. 13 of its ore-processing factory. This is one of the largest investment projects of UGOK in 2019. The work started last autumn, and so far new equipment has been assembled at almost all sites. Until 2022…
In January-June Ukraine exported 36.723 thousand tons of scrap, down 7.4-fold YoY, valued at $10.086 million, down 8.8-fold. According to the State Fiscal Service, in June 0.208 thousand tons of scrap were exported, in May – 8.086 thousand tons, in April – 8.791 thousand tons, in March – 8.246 thousand tons, in February – 8.252…
Niman miners team LLC, extracting alluvial gold on the territory of Khabarovsk region, since the start of the season has obtained 70 kg of gold, down almost 2-fold YoY. The current washing season started almost a week later than usual – on May 6. One of the reasons of the low output was heavy rains…
NLMK Lipetsk, NLMK Group’s flagship production site, has embarked upon a large-scale overhaul of its steelmaking capacities, namely BOFs and associated dedusting equipment in BOF Shop No. 2. The overhaul will increase the shop’s productivity by 18% from 8.5 million tons to 10 million tons of steel per year and cut air emissions by 70%.…
Baikal Mining Company, a part of USM Holding, and state banks Gazprombank, Sberbank, and VEB.rf have signed a contract to provide an up to $1.79-billion syndicated loan for development of the Udokan copper deposit, they said in a joint statement on July 10. Under an earlier agreement, VEB.rf, Gazprombank, and Sberbank agreed to finance up…
In January-June Ukraine exported $4.8 billion worth of ferrous metals, down by 11.1% YoY. According to the State Fiscal Service, ferrous metals accounted for 19.6% of all export revenue, down from 23.21% in H1 2018. In June ferrous metals export revenue reached $728.42 million. Imports in 6 months dropped by 4.5%, to $600.65 million, with…
Mariupol Ilyich Iron and Steel Works within a major investment reconstruction project is modernizing its wide-strip mill in the sheet-rolling shop 1700. The company has received the last batch of equipment with the combined weight of over 900 tons. Investments in the project total $85 million. The first stage of the shop reconstruction was completed…