In January-March, VIZ-Stal produced 43 thousand tons of transformer steel, on par with Q1 2018. Capacities were 100% loaded. Sales grew by 5%, to 43 thousand tons. Exports accounted for 87% of sales. The key markets were India, Near East and North America. (Ukrainian metal)
Moscow Loan Bank and ChTPZ Group have signed a loan agreement of 4 billion rubles. The funds will be provided for 3 years. The parties have been cooperating since 2014. This year the bank decided to enlarge cooperation with the group. (Ukrainian metal)
In 2018 NLMK Bars Division increased sales by 11% YoY. Demand growth was expected at 1-2%, but actually totaled 5.6%. The group enterprises supplied 1.8 million tons of rebars and 763 thousand tons of steel billets to the domestic market. This year NLMK Bars Division intends to retain its share of the rebars market on…
In January-March, Russia produced 15.2 million tons of rolled metal, up by 0.7% YoY. In March output grew by 3% MoM, but dropped by 5% YoY. According to the Federal Service of State Statistics, pig iron manufacture decreased by 1%, to 12.9 million tons, with March results down by 5.4% YoY, but up by 1%…
Magnitogorsk Iron and Steel Works (MMK) has commissioned sinter machine No. 1, which has produced the first sinter for the blast furnace shop, at the construction site of sinter plant No. 5. The launch was attended by the Chairman of the Board of Directors of MMK Victor Rashnikov and General Director Pavel Shilyaev. “The construction…
This year the Brindakit LLC, developing alluvial gold sites in the Republic of Sakha (Yakutia), has decreased its annual target by 9.8% YoY. In particular, this year the enterprise intends to extract 92 kg of gold, while last year the output was 102 kg. The decrease has to do with the thinning of alluvial nodes.…
PJSC Magnitogorsk Iron and Steel Works (MMK) has shipped the first batch of rolled products with new consumer properties. Improved quality characteristics of hot-rolled sheet metal are obtained through the use of a unique technology, which cleans scale from the surface of the sheet. The emergence of new steel products with unique quality properties was…
A cave-in occurred at the Pokrovskoye Mine Group. As a result, one miner perished and two were injured. The accident happened in the ventilation shaft. Pokrovskoye Mine Group is the largest miner of coking coal in Ukraine. (Ukrainian metal)