In August Zaporizhstal produced 356.3 thousand tons of steel, up by 0.9% YoY. Pig iron output grew by 3.5%, to 395.2 thousand tons, and rolled metal – by 0.5%, to 302 thousand tons. In January-August the company produced 2.749 million tons of steel, 2.932 million tons of pig iron and 2.414 million tons of rolled…
NLMK Group, an international steel company, has appointed Dmitry Furmanov as General Director of NLMK Ural, one of the leading manufacturers of square billet, rebar and wire rod in Russia. Dmitry Furmanov’s appointment is effective from September 1. In addition to managing the company’s operations, in his new capacity Furmanov will be responsible for the…
The prices of precious metals varied in Azerbaijan on September 3, according to the data published by the Central Bank. The price of gold decreased by 9.044 manats, to 2,039.983 manats per ounce on September 3 compared to the price on August 31. The price of silver dropped by 0.2612 manats, to 24.6028 manats per…
PJSC ArcelorMittal Kriviy Rih keeps modernizing equipment. Section No. 9 of magnetic separation area was commissioned at OBP-2. 13 new separation units manufactured by Finnish company “Metso” were installed to replace 54 old ones, which enabled to reduce power consumption by 73 kW/h per day. There are five magnetic separation sections at OBP-2 in total.…
Senior Environment Adviser of European Bank for Reconstruction and Development (EBRD) Robert Adamczyk and Senior Manager for Sustainable Development and Corporate Responsibility of ArcelorMittal Аlan Knight paid a two-day working visit to ArcelorMittal Kriviy Rih. At the end of 2017 EBRD approved opening of a credit line for ArcelorMittal at 350 million euros to finance…
In January-June Chelyabinsk Zinc Works received 4.226 billion rubles of net profit, up by 42% YoY. Consolidated revenue grew by 27%, to 17.97 billion rubles. Zinc and zinc alloy sales amounted to 14.946 billion rubles, up by 27%. Gross profit reached 5.6 billion rubles, up by 20%. EBITDA increased by 38%, to 5.896 billion rubles.…
As of August 28 Irkutsk region has extracted 15280.9 kg of gold, up by 8% YoY. Ore gold accounted for 8977.9 kg, up by 20%, while alluvial gold output dropped by 5%, to 6303 kg. Last year the region yielded 22903 kg of gold, including 12115 kg of ore gold and 10788 kg of alluvial…
In April-June Korshunovsky Mining and Processing Works increased iron ore output by 30% QoQ, to 1.6 million tons. Sales grew by 41%, to 495 thousand tons. The growth is due to the increase of the mining fleet. “Since the start of the year we have commissioned 10 large dump trucks, a grader and a heavy…