Magnitogorsk Iron and Steel Works (MMK) took fifth place in the global 2019 Value Creators rankings among metals companies with the highest return on investment, compiled by international consulting company Boston Consulting Group. The rankings’ methodology is based on total shareholder return (TSR) generated in the past five years. Five-year TSR for MMK shareholders from…
According to Worldsteel, in January-May global steel output grew by 5.03% YoY, to 764.07 million tons. China is a traditional leader with 404.88 million tons, up by 10.19%. China’s share in the world output is 53%. Ukraine is still on the 13th place with 9.27 million tons produced, up by 6.9%. (Ukrainian metal)
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The employees of the Yuzhnodonbasskaya No. 1 mine and partially of the Mine named after Surgay have started striking because of non-payment of salary. The wage debt reaches 35 million UAH. The miners have blocked a highway. The Yuzhnodonbasskaya No. 1 miners have also suspended coal mining. (Ukrainian metal)
Aktyubinsk Copper Company has purchased new special machinery to develop the Vesenne-Aralchinskoye deposit. The batch comprises 7 dump trucks, 3 loaders and 2 drilling rigs. The lifting capacity of the loaders is 10 tons, and of the trucks – 20 tons. The deposit is situated both on the territory of Kazakhstan (southern part) and Russia…
In early 2021 Polyus Magadan will commission a new tailing dump at the Natalkinskoye deposit in Magadan region. The lifetime of the dump will be 19 years. It will be able to store 170 million cubic meters of rock. The new dump will be situated next to the current temporarily tailing dump in the Intrigan…
Cherepovets Iron and Steel Works is carrying out a program to replace cranes. Thus, a new Baltkran electric bridge crane No. 26 with the lifting capacity of 40 tons has been assembled in the metal treatment shop No. 2. Another 20-ton crane has been commissioned in the metal treatment shop No. 1. CherMK has also…
NLMK-Metiz has concluded an agreement to assemble a bell type furnace in the steel wire shop. The furnace will be used for the pelletizing of wire. The wire with the diameter of 1.2 to 6 mm is one of the most sought-after products of the company. Annually NLMK-Metiz produces some 30 thousand tons of thermally…