Last year the prices of industrial manufacturers grew by 19% YoY. According to the Statistics Committee of the Ministry of the National Economy, in particular, coal became 10.7% more expensive and metallic ores – 2.2%. Prices of ferroalloys grew by 24%, of rolled metal – by 15.4%, of aluminum – by 3.8%, and of copper…
In 2018 Zaporizhstal increased steel production by 4.6% YoY, to 4.105 million tons. According to the company statement, pig iron manufacture grew by 15.6%, to 4.386 million tons, and rolled metal – by 10%, to 3.537 million tons. In December 2018 Zaporizhstal produced 358 thousand tons of pig iron, 344.1 thousand tons of steel and…
Magnitogorsk Iron and Steel Works (MMK) has transferred 10 million rubles to a special bank account set up to raise funds to support people affected by the collapse of a residential building in Magnitogorsk. The funds raised are being distributed by the Ministry for Social Relations in the Chelyabinsk region among those affected. Recipients include…
In late January the government will finally decide on how to use the territory of the insolvent KVV Liepajas metalurgs. So far the only company, which has bought a shop in order to resume operation there, is Caljan Rite – Hite Latvia. The company produces various conveyers. It has purchased the shop with the size…
Another deputy chairman has been appointed in AzerGold, the company reported. Khayyam Farzaliyev has been appointed deputy chairman of the AzerGold board, the company said. The management of AzerGold is headed by Zakir Ibrahimov. After Farzaliyev’s appointment, Ibrahimov has two deputies. Earlier, only Ogtay Mammadov was his deputy. AzerGold CJSC started operating in July 2016,…
In 2018 Dneprovsky Iron and Steel Combine increased rolled metal output by 81.5% YoY, to 2.41 million tons. According to the company press-service, steel manufacture grew by 77%, to 2.413 million tons, and pig iron – by 85.3%, to 2.461 million tons. In December 2018 DMK produced 204 thousand tons of rolled metal, 221 thousand…
In 2018 Azovstal Iron and Steel Works increased rolled metal output by 1.8% YoY, to 3.879 million tons. According to the company statement, its steel manufacture dropped by 4.2%, to 4.082 million tons, while pig iron – by 1.9%, to 3.707 million tons. In December 2018 Azovstal produced 350 thousand tons of rolled metal, 358…
The government of Uzbekistan has approved the main parameters of the Uzbekkhimmash investment project feasibility study to modernize its casting manufacture with the construction of a new shop. According to the Cabinet of Ministers, the modernization should be ready by December. The cost of the project is $23.77 million, with investments into new machinery amounting…