Uralelectromed has mastered the manufacture of wire rod with the diameter of 10 mm. So far the company has been producing only 8-mm wire rod. The suggestion to produce this wire rod came from the Cable Alliance Holding, and the contract for the pilot batch of wire rod was concluded. As a result UEM shipped…
Volzhsky Steel Structures Works is participating in the project on the environment modernization of the manufacturing process at the Krasniy Octyabr Iron and Steel Works. According to the VZK sales director Julia Ilchenko, the company will produce gas pipeline structures. The company is also actively cooperating with the enterprises of the fuel and energy complex,…
Metinvest has modernized the railroad station “Uzlovaya-1” at the Avdiivka Coke and Chemical Works. Investments totaled 24 million UAH. Now the railroad switches and traffic lights along the entire route are managed in automatic mode. With the help of the computer with a large display a person on duty at the station monitors all the…
Zaporizhstal has presented its environment-protection measures at the 2nd International Environment Forum. The environment protection department director Inna Kholina described measures taken by the works to decrease water consumption and water discharge. “The large-scale program on decreasing environment pressure on the region allowed us in 2017 to reduce water intake by 10% and decrease used…
In March Metinvest increased EBITDA by 14.8% MoM, or by $29 million, to $225 million, with its revenue up by 19.91%, or by $182 million, to $1.096 million. As of March 31, the group total debt reached $3.086. In March Metinvest sold 619 thousand tons of semi-finished products valued at $275 million, in particular, 374…
Polyus has attracted an ING Bank loan of $70 million at the fixed rate. The loan has to be paid in full in one installment in 2023. The company intends to spend this money to cover its current activities Polyus is one of the top-10 gold-extracting companies in the world. It has the second largest…
In April Russia produced 6.03 million tons of steel, up by 2.4% YoY (6.23 million tons in March). In January-April steel output totaled 23.797 million tons, up by 0.9% YoY. Ukraine increased steel output by 6% YoY, to 1.721 million tons (1.711 million tons), with 6.985 million tons produced in the first 4 months of…
The first stage to replace rigging of the electrolysis baths has started in the nickel electrolysis shop of Kola Iron and Steel Company. The work is carried out within the investment project to stop using nickel anodes. Instead, the company will use nickel powder, obtained from tubular furnaces, as raw materials. The trial batch of…