The metal shop of Svyatogor, a part of UGMK, has put into operation 2 smoke exhausters manufactured by Krasnogvardeysky Machine-Building Works. The maximum capacity of each machine is 450 thousand cubic meters per hour. The weight of the exhausters is 16 tons each. Investments in the purchase and assembly of the machinery exceeded 60 million…
In 2017 Komsomolskoye Mine Group, situated in Ukraine-uncontrolled territory, received 370.17 million UAH of net loss as opposed to 20.93 million of net profit in 2016. The company net income fell 11.9-fold, to 30.356 million UAH. Undistributed profit totaled 243.284 million UAH. Last year the company produced 37.584 thousand tons of limestone. (Ukrainian metal)
While commissioning the newly repaired largest blast furnace No. 9 at ArcelorMittal Kriviy Rih, molten pig iron was spilled. The blast furnace has been in repairs since February. But while commissioning “an uncontrolled slopping of liquid pig iron occurred accompanied by a loud sound”. “The situation is under control. The blast furnace No. 9 has…
Following the auction Drazhnik LLC has received the right to develop the alluvial gold site. The Koro-Samyr site was sold to the company for 62.634 million rubles. 2 more companies participated in the auction. Since 2001 the company has been prospecting at the site. Koro-Samyr C1 balance reserves amount to 353.4 kg of gold, while…
In January-March Nizhny Novgorod region sold 322 billion rubles worth of industrial products, up by 13.8% YoY. According to the regional ministry of industry, metal companies sold 41.8% more goods, while metal wares sales increased by 25.9%. “The metal industry growth mostly has to do with the operation of the Vyksa Iron and Steel Works.…
Chelyabinsk Pipe-Rolling Works has hosted an annual meeting of shareholders, who jointly own 98.3% of the voting shares. It was decided to distribute the net profit for 2017 in full, as well as a part of net profit of past years, to the total amount of 5.46 billion rubles to pay dividends. The size of…
Bratsk Ferroalloys Works has repaired the electric equipment of the smelting shop furnace No. 1. The furnace repaired smelts over 44 tons of FS-75 ferrosilicon for exports and up to 57 tons of FS-65 ferrosilicon for the domestic market per day. That’s some 25% of the total output. The repair was carried out in two…
In March Russia produced 5.7 million tons of steel, down by 10% YoY (5.15 million tons in February). In January-March steel output dropped by 6.7%, to 16.55 million tons. Ukraine increased steel output by 4.7% YoY, to 1.711 million tons (1.608 million tons), with 5.225 million tons produced in Q1, down by 2.8% YoY. In…