Russia: VIZ-Stal decreases power intensity of transformer steel manufacture

In 2017 thanks to the energy efficiency improvement program VIZ-Stal decreased specific power intensity of transformer steel manufacture by 4.3%, to 7.63 Gcal per ton. In the past 5 years this parameter has decreased by 18%. Implementation of new techniques, replacement of outdated machinery, projects of resources saving and manufacturing processes optimization allowed the company…

Ukraine: Metinvest buys some Avdiivka Coke shares

Private limited company Metinvest B. V. has increased its share in Avdiivka Coke and Chemical Works from 87.7581% to 94.6003%.

The company bought the shares on the secondary market.

The Metinvest B. V. share in the voting shares of the company totaled 95.1176%.

The Avdiivka Works charter capital is 485.75 million UAH. (Ukrainian metal)

Russia: Mechel net losses up in 2017

In 2017 Mechel increased its net loss 1.9-fold YoY, to 15.2 billion rubles. According to the company statement, its revenue decreased 2.1-fold, to 5.99 billion rubles, gross profit dropped 4.1-fold, to 3.05 billion rubles, and sales profit – 7.3-fold, to 1.5 billion rubles. Other income grew 2-fold, to 15.3 billion rubles. The company fixed liabilities…

Russia: Vysochaishiy relocates to new office

Vysochaishiy (GV Gold) has relocated to a new business-center in Moscow situated on the Kadashevskaya Embankment Street. According to the company statement, the agreement to lease 1.3 thousand square meters was concluded with BASF in November 2017. The company occupies the whole floor of the office block. Vysochaishiy is among top-15 gold-mining companies in Russia.…

Ukraine: pellets exports in January 2018

In January Ferrexpo exported 921.8 thousand tons of iron ore pellets. In particular, Poltava Mining and Processing Works exported 875.3 thousand tons of pellets and Yeristovo GOK – 46.5 thousand tons. Karelsky Okatysh, a part of Severstal, Russia, exported 447 thousand tons of pellets. Metinvest in January exported 345.7 thousand tons (CGOK – 218 thousand…

Russia: Evraz retains control over Sibuglemet

Evraz has won the VEB competition to manage Sibuglemet. According to the sources, the new management contract was concluded on “the same conditions” (Evraz has been managing the asset since 2015), but details were not disclosed. Sibuglemet capacity is 5 million tons of coking coal per year. Its reserves are estimated at 300 million tons.…

Ukraine: Metinvest to shut down Donetskkoks

Metinvest decided to liquidate Donetskkoks, situated in Ukraine-uncontrolled territory, as a legal entity. According to the official statement, the issues of the company liquidation and the creation of the liquidation committee are on the agenda of the annual shareholders meeting to be held on March 29. In 2017 Donetskkoks decreased net loss 11.5-fold YoY, to…

Russia: Orel Works opens modernized warehouse

Orel Steel Works has opened a fasteners warehouse after reconstruction.

The cost of the project was 20 million rubles.

In summer the company will commission its third thermo-hardening machine. Investments will total 133 million rubles.

Orel Works fasteners are used in major construction projects, for example, grand stands of Yekaterinburg-Arena. (Ukrainian metal)

Russia: Rusal sees changes in management team

Alexandra Buriko has been appointed CEO of Rusal. Previously she served as the CFO. The ex-CEO Vladislav Soloviev has been appointed EN+ CEO, as well as Rusal president. Buriko has been CFO since October 2013. Her key priorities in the new office will be Rusal development through improving efficiency, implementing new environment-friendly techniques, increasing the…

Ukraine: AMKR keeps improving living conditions of Zhukovka citizens

PJSC ArcelorMittal Kriviy Rih continues to resettle the residents from the area of possible displacement of the earth surface in the Saksaganskiy district of Kriviy Rih and is ready to purchase every household located in the streets Lavrenyova and Chistopolskaya (“Zhukovka settlement”), at the price of 425 thousand hryvnia providing the conclusion of the sales…

Ukraine: Odescable products become more expensive

Odessaoblenergo (the power-distributing company) ordered Trading House of Odescable the delivery of cable valued at 146.28 million UAH. Until February 2019 the company will have supplied 291 types of wire and cable produced by Odescable, Akvaton (Rovno) and Kamcable (Russia). Of the total volume the ASXsn cables account for 56.69 million UAH. Of them the…