Russia: SUMZ revamps non-ferrous casting shop

The Sredneuralsk Copper Works, a part of UMMC, has assembled a centrifugal casting machine and two induction melting furnaces with the capacity of 1 ton each at its non-ferrous castings site. The size of the site, which is situated in the repairs premises, is 400 square meters. The company has also purchased two casting ladles…

Russia: ZTZ passes welding certification

TUV has audited the welding processes at the Zagorsky Pipe Works.

Technological welding processes and pipe repairs have been certified according to EN ISO 15614-1.

The welders have been certified according to ISO 9606-1. (Ukrainian metal)

Ukraine: DTEK companies in uncontrolled territory of Donbass to work under Ukrainian law

Enterprises of DTEK private energy holding located on the territory of Donbass temporarily uncontrolled by Ukrainian authorities have been working and will work within the framework of Ukrainian legislation, DTEK Director General Maksym Timchenko said. “The company has been working and will continue to work exclusively within the framework of Ukrainian legislation,” he said. According…

Russia: gold output forecast for 2017

Gold production in Russia in 2017 will grow by 2-2.5%, to 304-305 tons, according to the Union of gold-miners of Russia. The union expects the average price to hit $1.27 thousand per 1 gold ounce. “Under the expected cross-rate of the ruble to the dollar at 57-65 rubles per dollar, we believe the ruble price…

Azerbaijan: metal imports down in 2016

In 2016 Azerbaijan imported 291.1 thousand tons of steel, up by $4%, valued at $176 million. According to the State Statistics Committee, ferrous metals bars imports dropped by 63.1%, to 97.73 thousand tons at $43.6 million, ferrous angles – by 39.2%, to 28.39 thousand tons at $20.4 million, and ferrous pipes – by 53.9%, to…

Ukraine: Fitch upgrades Ferrexpo Plc to ‘B-‘

Fitch Ratings has upgraded Ferrexpo Plc‘s Long-Term Issuer Default Rating (IDR) to ‘B-‘ from ‘CCC,’ reads a report on the rating agency’s website. “The outlook is stable. Ferrexpo Finance Plc’s senior unsecured rating was upgraded to ‘B-‘ from ‘CCC’. The Recovery Rating on the senior unsecured rating is ‘RR4’. Ferrexpo’s Short-term IDR was upgraded to…

Ukraine: Lugansk terrorists get hold of 3 Akhmetov’s companies

The so-called Council of ministers of the Lugansk People’s Republic has implemented outer administration at three companies of Rinat Akhmetov.

The corresponding “document” has been published on the separatists’ portal.

Temporal administration is implemented in Krasnodonugol, DTEK Rovenkiantrazit and DTEK Sverdlovantrazit.

The separatists could expand the list of “nationalized” companies. (Ukrainian metal)

Russia: Nornickel not to become green

At present there are no technologies in the world that can make metal industry green, Norilsk Nickel vice-president Elena Bezdenezhnykh believes. “We are constantly improving the ecological conditions. By 2023 the company will have invested 250 billion rubles into environmental projects. But, unfortunately, there is no technology that can make metallurgy green. At best it…

Russia: Gydrometallurg enters new development stage

The minister on North Caucasus Lev Kuznetsov together with the chairman of the Kabardino-Balkaria government Aliy Musukov visited the Gydrometallurg works in Nalchik. The company CEO Igor Morozov demonstrated technological processes and new machinery to the guests. “In addition to the construction of the new production complex at Gydrometallurg, the government of the republic settles…

Russia: copper output up in January 2017

In January Russia increased raw copper output by 5.6% YoY.

According to the Federal Service of State Statistics, copper alloys manufacture went up by 50.4%, that of powders and flakes dropped by 3.9%, of rods and shapes – by 58.9%. Copper wire output increased by 6%, that of foil – 2.1-fold. (Ukrainian metal)