In 2018 Tomsk-based Sibcable processed some 17.5 thousand tons of metal, on par with the previous year. In particular, the plant processed almost 15 thousand tons of copper and 2.5 thousand tons of aluminum wire rod, the main raw materials in the cable manufacture. Copper is preferred over aluminum because of its higher thermal and…
In 2018 Cherepovets Iron and Steel Works produced 9.9 million tons of converter steel. This year output is expected to further grow due to the modernization of the converter No. 3 in November 2018. In 2019 two more converters will be modernized. (Ukrainian metal)
In 2018 UralKuz increased sales by 49% YoY, to 143 thousand tons. This was mostly thanks to the growth of output and railroad axles sales (by 66%). The latter was, in its turn, due to the development of the transport machine-building. UralKuz is the leading Russian manufacturer of hot-stamped products for almost all machine-building spheres.…
In 2018 Krivoy Rog Iron Ore Industrial Complex decreased iron ore manufacture by 9.7% YoY, to 4.581 million tons. In December 2018 the company produced 308 thousand tons of iron ore, up from 277 thousand tons in November 2018. In 2017 the enterprise increased iron ore mining by 1.5% YoY, to 5.074 million tons. (Ukrainian…
In 2018 TMK increased steel pipes sales by 6% YoY, to 4.01 million tons. Seamless pipes accounted for 2.767 million tons, up by 3%. The sales of welded pipes grew by 11%, to 1.243 million tons. (Ukrainian metal)
Gold purchases by Russian banks fell by 4.5%, to 195.85 tons in 2018, which accounted for 69% of all produced gold, a source in the Finance Ministry reported on January 22. “Besides, domestic banks signed sales contracts for gold for the same amount, 195.89 tons, in 2016. VTB, Gazprombank, Sberbank and Otkritie Financial Corporation (FC)…
Russian metals and mining group Mechel has restructured a $1-billion pre-export syndicated loan, the company said in a statement on January 22. “This became possible thanks to a credit line provided by VTB Bank in euros with maturity in April 2022. The grace period for the principal debt is set until April 2020,” the company…
In 2018 the Industrial Metallurgical Holding enterprises increased output. Thus, Tulachermet produced 2.34 million tons of pig iron, up by 3% YoY. The company operated two furnaces, which were repaired in July-August 2017 and in August 2018. Coalmining enterprises had a task of decreasing ash content in coal. The Butovskaya mine was able to decrease…
