Zaporizhstal intends to restore up to 5 locomotives each year. “We are restoring our railroad fleet. This is the fifth locomotive returned to life in a year and a half. As efficient, environmentally friendly and comfortable, as a new one. But 7 times cheaper”, the company CEO Rostislav Shurma said. In January Zaporizhstal reported that…
Russia has prohibited imports of some types of pipes from Ukraine. In particular, the prohibition covers seamless pipes, tubes and hollow sections, made of ferrous metals, except for pig iron, including of corrosion-resistant steel, round pipes of iron or unalloyed steel, as well as square and rectangular pipes. Moreover, the import of some types of…
Precious metal prices increased in Azerbaijan on April 19 compared to the prices on April 18. The price of gold grew by 6.29 manats, to 2,169.1405 manats per ounce. The price of silver went up by 0.1215 manats, to 25.53 manats per ounce. The price of platinum increased by 33.881 manats, to 1,535.168 manats, and…
The board of directors of the Russian steelmaker Severstal recommended paying 35.43 rubles per share, or a total of about 29.68 billion rubles, in dividends for January–March, the company said. The shareholders will consider the recommendation at an extraordinary general meeting scheduled for June 7, the register for the meeting will close on May 13,…
Gazprombank is looking for a strategic investor for the gold-extracting company Petropavlovsk to buy a share in IRC. According to a major Petropavlovsk shareholder Kenes Rakishev, who owns 22.42% in the company, a major steel company could be such an investor. He didn’t give any names though. At the same time the sale will be…
Mechel reports that the supervisory board of the Fund of industry development of the Ministry of Industry and Trade has approved providing a loan to Beloretsk Iron and Steel Works to carry out a project to modernize steel wire and rope manufacture. The cost of the project is 1.5 billion rubles, and the loan will…
Cherepovets Iron and Steel Works has finished the assembly of the automated system of the coke-oven batteries Nos. 5 and 6 heating model. The total cost of the modernization was some 80 million rubles. Severstal Russian Steel investment department and CherMK coke shop No. 1 employees together with the subcontractors have equipped a control room…
In H2 Interpipe will start selling raw railroad axles on Ukrainian and CIS markets with the initial volume of 5 thousand pieces. According to the company statement, the start of sales was made possible to Interpipe NTZ passing all the test stages, receiving the manufacturer’s mark and the certification of the industrial batch of axles.…