NLMK has finished the repair of and commissioned the converter with the capacity of 160 tons. The repair work has been finished 16 hours earlier, which allowed smelting additionally more than 700 tons of steel. Investments in the project totaled 130 million rubles. At present NLMK operates 3 converters with the volume of 160 tons…
Sberbank Investments has concluded a deal with Mikhailovsky Mining and Processing Works, having received 10% of the enterprise shares as a partial clearing of debts. The share of Lebedinsky GOK decreased to 89.32%. Through it USM Holdings of Alisher Usmanov controls MGOK. USM Holdings also controls 100% of Metalloinvest shares. (Ukrainian metal)
In July DTEK Dneprovskoye Mine Group yielded over 91.8 thousand tons of low-ash coal. This is a record-high output of coal at one site. It has been reached for the first time in the past 5 years. At the same time, in 7 months the site No. 3 has mined half a million tons of…
Last week as the result of the flooding at the mine one person perished in the pro-Russia militants-controlled town of Snezhnoye in Donetsk region. The accident happened on August 11. 2 miners were at the accident site. The body of one of them was recovered on August 12. The search for the second miner is…
In July Beloretsk Iron and Steel Works shipped 41 thousand tons of metal wares to its customers, up by 6% MoM. In particular, the sales of cold-deformed rebars used in construction grew 2.5-fold. Sales of steel mesh for reinforcing increased by 61%. The company shipped 38% more ball bearing wire. Nails demonstrated the growth of…
In January-June Severstal supplied Russian construction companies with 2.717 million tons of metal products, up by 7% YoY. Severstal metal is used in construction of the largest infrastructure projects. In particular the group has delivered some 40 thousand tons of rolled metal for the construction of all 12 stadiums hosting the World Cup. In spring…
Vector Energy s.r.o (the Czech Republic) intends to purchase 1.58 million shares of the Ivano-Frankovsk Rebars Works, or 49.99% of the company. At present the company has no shares of the works. IFAZ was registered in 1995. Last year it increased its net income by 77% YoY, to 52 million UAH, having decreased the net…
In January-June one of the largest coalmining companies of Russia – Vorkutaugol – decreased output by 10% YoY, to 4 million tons. The decrease is the result of the scheduled works at the Vorkutinskaya, Zapolyarnaya, Komsomolskaya and Vorgashorskaya mines. Metallurgic coal output grew 3-fold, to 80 thousand tons. Its reserves are situated at the Vorgashorskoye…