In 2018 the East Mining Company extracted 7.5 million tons of coal, up by 3.3 million tons YoY. Sales also totaled 7.5 million tons, up 1.5-fold. In 2019 the company plans to sell some 10 million tons of coal. (Ukrainian metal)
The Federal Antimonopoly Service will check the reasoning behind the increase of the drilling pipe prices. In particular, FAS will investigate the increase of the price of pipe and metal purchased by oil companies. Russian metal and pipe prices follow world trends with a slight delay. In January-July the market witnessed a rise of hot-rolled…
Under an investment program to run for 8 years VSMPO-Avisma intends to spend $700 million. According to the company CEO Mikhail Voyevodin, the reconstruction of the pipe-section and bar manufacture will absorb the most funds. “For the past 10 years we have been paying attention to flat rolled metal and stampings, while the shop No.…
Moody’s has increased Metinvest B.V. rating to B3 with stable outlook. According to the experts, the company rating reflects its integrated business model. In H1 2018 Metinvest provided itself with 287% of iron ore, 145% of coke and 38% of coking coal. The agency has also taken into account the debt refinancing of $2.271 billion…
Ukrzaliznytsia (Ukrainian Railways) has started selling scrap via ProZorro.Sales system. 4 lots with the initial price of 260 million UAH have already been registered. The auction is scheduled for January 11, 2019. (Ukrainian metal)
In 2018 Moldova Iron and Steel Works steel output exceeded 500 thousand tons. Despite all the difficulties the company has been able to increase wages to its employees on average by 25%. Investments in development grew 5-fold. The company has constructed a warehouse and started modernization of the scrap complex. (Ukrainian metal)
The new director of the Novovolynskaya Mine No. 9 Pavel Tanchev intends to clear salary debts and improve labor conditions. He also wants to implement a new development plan. In particular, he told the employees that the mine would not be closed, but developed. He also assured the personnel that the salary would soon be…
The systems of the environment management at ChTPZ and PNTZ have been named efficient. SAI Global carried out the audit at ChTPZ and TUV Rheinland – at PNTZ. This year ChTPZ has started a large-scale project on the construction of the wastewater purifying facilities. Investments total 600 million rubles. PNTZ is also modernizing its water…