In January-June Mechel decreased steel output by 8% YoY, to 2.051 million tons. The decrease was the result of the scheduled repairs of machinery in the sinter-blast furnace and oxygen-converter shops of Chelyabinsk Iron and Steel Works. A major repair of the continuous casting machine No. 5, carried out in Q2, reduced the loading of…
Chelyabinsk Iron and Steel Works produced rebars for one of the major infrastructure projects – the construction of the Central Ring Road in Moscow region. ChMK rebars are used to construct bridges, tunnels and transport infrastructure in the Pushkin district, and the town of Zvenigorod, as well as the bridge over the railway and an…
Mechel PAO’s Chief Executive Officer Oleg Korzhov commented on the January-June operational results. “Renewal of mining equipment at Mechel’s coal facilities enabled us to attain stable mining levels, and we plan to maintain this work pace until this year’s end. The decrease in mining volumes was due to a decline in thermal coal mining and…
In April-June ChTPZ received 5.574 billion rubles of net profit, up from 1.35 billion rubles in Q1. In H1 net profit reached 6.927 billion rubles as opposed to the loss of 864 million rubles a year earlier. Revenue in Q2 dropped by 1% QoQ, to 35.79 billion rubles. H1 revenue increased by 33% YoY, to…
Nordgold has increased its initial gold output forecast for 2018 from 0.95-1 million ounces to 1-1.5 million ounces. The improvement of the forecast is due to the project to construct an underground mining site at the Berezitovoye deposits as well as the commissioning of the Gross mine in Yakutia. The operation at the Berezitovoye will…
In January-July Polyus Magadan produced 2.6 tons of gold and 0.7 tons of silver. The company is developing the reserves of the Natalka gold-ore deposits in Magadan region. The first ton of gold was produced in April. This year the company is expected to obtain at least 5.4 tons of gold. At present the capacity…
Krasniy Octyabr is finishing its project to assemble a Danieli PL-370 centerless turning machine. The commissioning is scheduled for the nearest future. The world market requirements to rolled metal are getting more and more tough. Only modern machinery from the leading manufacturers can cope with them. The commissioning of the PL-370 mill, which could peel…
The Volgograd subsidiary of Severstal Steel Ropes has started assembling three rope machines and four winding machines. The cost of the Italian machinery is some 2.5 million euros. The commissioning is scheduled for autumn. This is the beginning of the second stage of the project to develop special steel ropes manufacture. “A month ago we…
