Orel Steel Works has commissioned another machine under the project to increase fasteners output. Investments totaled some 140 million rubles. A new heat hardening machine, the third one, was commissioned in late October. Thus, the company will increase fasteners manufacture to 400 tons per month. (Ukrainian metal)
The board of directors of aluminum giant UC RUSAL has decided to remove the company from registration in Jersey and reregister it as an international company in Russia, according to the company’s statement released on the Hong Kong Stock Exchange on November 5. Hit by the U.S. sanctions, RUSAL said in August it started a…
Chelyabinsk Iron and Steel Works has produced over 5 thousand tons of rebars for the construction of the housing district Salavat Kupere (Rainbow) in the city of Kazan. Some 1.5 million square meters of living quarters will be constructed in the district. Metal is supplied by Mechel-Service. (Ukrainian metal)
In April-June Korshunovsky Mining and Processing Works increased ore mining by 30% QoQ, to 1.6 million tons. In Q3 ore output grew by 13% more, to 1.8 million tons. In Q2 iron ore concentrate manufacture totaled 522 thousand tons, up by 48% QoQ, and in Q3 – 609 thousand tons, up by 17%. “Early in…
The Fund of Bashkortostan industry development could support the new investment project of Beloretsk Iron and Steel Works on ferrous metals processing. Investments planned might exceed 1.1 billion rubles. As one of the tools of support the company mulls a soft loan of 540 million rubles. The loan at 3-5% is to be paid from…
In October Energomashspetsstal shipped 230 tons of rolls to three domestic metal enterprises. Work and back-up rolls have been delivered to Zaporizhstal, Mariupol Ilyich Iron and Steel Works and Kramatorsk Metal Rolling Works LLC. All the companies are long-time partners of EMSS. (Ukrainian metal)
In spite of the Russian aggression, Ukrainian metal and machine-building companies try to be present on the Russian market and strengthen their ties with traditional clients. This year Metal-Expo-2018 to be hosted in Moscow on November 13-16 will welcome 12 Ukrainian participants, including major and well know in Russia metal companies. Metinvest will traditionally participate…
In October Ukraine decreased steel output by 1% MoM, to 1.772 million tons. At the same time pig iron manufacture grew by 6%, to 1.775 million tons, while that of rolled metal dropped by 2%, to 1.523 million tons. In January-October Ukraine produced 17.08 million tons of pig iron, up by 7% YoY, 17.54 million…