The accounts of Energomashspetsstal in 10 Ukrainian banks have been arrested to fulfill the ruling of the court and clear electricity debts to DTEK valued at 224.37 million UAH. DTEK has numerous times since 2015 asked EMSS to clear the debts for the electricity provided, but to no avail. In January-February the company 4 times…
The net profit of the Russian titanium giant VSMPO-Avisma fell by 1.8%, to 18.789 billion rubles in 2018, as calculated under Russian Accounting Standards (RAS), the company said in a report March 4. Revenue increased by 23%, to 89.1 billion rubles, gross profit rose by 31%, to 40.1 billion rubles, and sales profit grew by…
The former head of Russia’s Federal State Property Management Agency Dmitry Pristanskov will return to metals giant Norilsk Nickel as a vice president this week. Pristanskov used to work at Norilsk Nickel as a director for federal and regional programs from 2014 through 2016. (Prime/Ukrainian metal)
Russian steelmaker Novolipetsk Steel (NLMK) plans to invest around $2.1 billion in production development until 2023, the company said in a presentation on March 4. The company plans to allot $510 million to increase steel production at its Lipetsk facility by 1 million tons a year and $420 million to build a power plant. Average…
Russian aluminum giant UC RUSAL has focused on restoring temporarily lost ties with clients after the abolishment of the U.S. sanctions in late January, CEO Yevgeny Nikitin told Bloomberg on March 4. The company is currently in talks over contracts for 2020, he said. RUSAL has already resumed partnership with a number of clients, but…
On March 2, the bar-rolling shop No. 1 of the Oskol Electrometallurgical Works produced the 45-millionth ton of rolled metal. The anniversary ton was the bearing steel rounds of 85 mm in diameter. The rolled metal was shipped to a customer in Kazakhstan. (Ukrainian metal)
In 2020 Danieli will supply two new rolling mills to Russia. The first will be put into operation at the Abinsk Electrometallurgical Works. The capacity of the machine will be 600 thousand tons per year. The works will be able to produce wire with the diameter of 5.5 to 16 mm. Another machine will be…
Dneprometiz, the largest manufacturer of metal wares in Ukraine, will start producing wire with zinc and copper coating. “We have assembled a galvanizing machine at the plant. In June we’ll commission another one”, the company owner Sergey Tigipko said. “We have ordered a machine to apply copper coating. In January we put two mills into…