Evraz ZSMK has signed an agreement with Air Liquide to construct a new oxygen complex to supply air separation products for the technological needs of the company. The project will provide the works with the state-of-the-art machinery, 30% more energy efficient than the old one. In three years 2 blocks of air separation with the…
The Magnitogorsk Iron and Steel Works (MMK) is the largest supplier in Russia of rolled metal for the production of pipes and is constantly strengthening and expanding its cooperation with pipe producers, mastering new products that meet modern requirements. This position was announced at the 8th All-Russia Conference “Steel Pipes: Production and Regional Sales” by…
The PJSC Magnitogorsk Iron and Steel Works (MMK) won the 2018 Award of Excellence in Energy Management from the Clean Energy Ministerial (CEM), a high-level global forum that promotes policies and programs to advance clean energy. An independent panel of international experts selected only three organizations worldwide for this top honor in energy management. The…
Oleg Deripaska, the major shareholder of Russian aluminum giant UC RUSAL, has left the company’s board of directors to protect holders’ interests due to the U.S. sanctions, the company said on May 25 in a statement on the Hong Kong Stock Exchange. Earlier in May Deripaska left the board of directors of En+ Group, which…
First Deputy CEO and CCO of Port Management Company LLC Irina Olkhovskaya and General Director of Management Company of First Heavy Haul Company Vladimir Sosipatorov have signed a Memorandum of Cooperation to develop the innovative technology for heavy haul freight application on railway network: heavy haul 27-ton axle load railcars. The agreement was signed on…
The prices of main precious metals varied in Azerbaijan on May 24, according to the data published by the Central Bank. The cost of gold increased by 4.8535 manats, to 2201.9335 manats per troy ounce compared to the price on May 23. The cost of silver decreased by 0.1883 manats, to 27.9596 manats per ounce.…
In January-March Uzbekistan Iron and Steel Works received 83.5 billion sums of net profit, up 6.5-fold YoY. Net revenue from sales grew 3-fold, to 872.7 billion sums, and gross profit – 3.1-fold, to 241.4 billion sums. The works was commissioned in 1944. In 1994 after the merge with the Shirin Machine-Building Works and the Vtorcherment…
In March Russia imported 26.7 thousand tons of ferrous scrap from Kazakhstan, up by 20.2% MoM, but down by 19.6% YoY. In February the results were -3.1% and +40.6%, while in January –62.6% and –40.3% respectively. In January-March imports totaled 72 thousand tons, down by 34.1% YoY. (Ukrainian metal)
