Belarus Iron and Steel Works has shipped a trial batch of metal cord for 50l35/20NT bulk tires. 252 coils with new products have been shipped to Belshina. The metal cord at BMZ is produced only in the steel wire shop No. 2. The main customer is Belshina. In January-November BMZ manufactured 83 thousand tons of…
Antidumping duties on galvanized rolled metal from Russia and China could be introduced in December already. On October 3 the Ministry of Economic Development and Trade initiated an antidumping investigation on the import of rolled metal with corrosion-resistant coating from the two countries. The results will be known only in a year, but the legislation…
Aksu Ferroalloy Works has commissioned a processing enterprise with the capacity of 130 thousand tons of chromium-metallic concentrate per year. Now all the current and accumulated slag fractions at the works will be processed to produce the concentrate. The enterprise is expected to process some 1 million tons of slag of 0-10 mm fraction. In…
Korshunovsky Mining and Processing Works has shipped 5.6 thousand tons of scrap valued at 57 million rubles. The ferrous and non-ferrous scrap originates form the company activities, as well as repair and replacement of machinery. 90 railroad cars were used to transport the scrap. Most scrap is sent to Chelyabinsk Iron and Steel Works for…
In October railroad transported 9.8 million tons of iron ore, up by 10.1% YoY. In 10 months 96.3 million tons of ore were transported, up by 5.5%. In October local transportation grew by 13%, while exports dropped by 7% due to the decrease of supply to Turkey (2-fold) and China (by 25%). At the same…
Pobuzhye Ferronickel Plant has suspended the project to create its own railroad cargo cars fleet. The press-service reminded that the main motive behind Solway Investment Group decision to create the fleet was the insufficient number of the rolling stock last winter. “Now the situation has stabilized a bit. There is information, that new cars appeared…
In January-September Metinvest increased EBITDA by 47% YoY, to $2.01 billion. The increase is due to the growth of metal segment profitability by $749 million. Mining EBITDA dropped by $146 million, while corporative expenses decreased by $39 million. The share of the metal segment in EBITDA reached 54% (26% in 9 months of 2017), and…
In January-September Metinvest doubled its capital investments YoY, to $620 million. Scheduled repairs accounted for 61% of investments (89% in 9 months of 2017). Metal division received 63% of investments and mining – 36%, with corporate expenses at 1%. Last year they were 43%, 55% and 2% respectively. The main investment projects at Mariupol Ilyich…