The department of fine grinding of the Uchaly Mining and Processing Works processing factory has modernized the fine grinding unit of the ball mill No. 5, having assembled the pump hudrocyclone unit of better capacity. The machine has been put into operation. “As a result we have increased the grinding of ores by 5-6%. This…
The rolling shop No. 1 of the Zlatoust Electrometallurgical Works has mastered the manufacture of stainless chrome-nickel alloy EI-878 slabs. The slabs with the size of 150×500 mm were produced at the 1150-mill of the ingot with the diameter of 630 mm. Previously the works manufactured only forgings of this alloy. The metal has successfully…
The government may buy Oleg Deripaska’s stake in Russian aluminum giant UC RUSAL, but the issue has not been discussed yet, Industry and Trade Denis Manturov declared on April 24. “This is not ruled out but there has been no thematic discussion of the issue yet,” he said, when asked whether the company could be…
Metinvest CEO Yuri Ryzhenkov believes it will be really hard to resume operation at Yenakievo Iron and Steel Works after the fire. “Frankly speaking, I am not aware of the situation at the plant. We lost control over it in March last year”, he said. Still, according to him, it is possible to resurrect the…
Metinvest plans this year to increase the loading of its plants situated in the city of Mariupol. “This year our Mariupol plants intend to produce over 9 million tons of pig iron and 8 million tons of steel”, the group CEO Yuri Ryzhenkov said. When the Mariupol Ilyich Iron and Steel Works finishes constructing the…
Metinvest will try to make the European Commission cancel the fixed duty of 60.5 euro per ton for the delivery of hot-rolled coils to the EU. According to Metinvest CEO Yuri Ryzhenkov, Mariupol Ilyich Iron and Steel Works, the capacity of which is 1-1.5 million tons of hot-rolled coils per year, used to supply some…
Metinvest CEO Yuri Ryzhenkov has noted the considerable improvement of the railroad connection with Mariupol. “In March there were some 20 cargo trains per day, which was good for our operation”, he said. “Taking into account reconstruction of our plants and the necessity to load the Mariupol Trade Seaport, we need some 26-28 cargo trains…
Metinvest, the vertically integrated steel and mining group of companies, has announced the completion of the refinancing of its $2.271-million debt, consisting of the issuance of two tranches of bonds and the amendment and restatement of its pre-export finance (PXF) facility. As a result, Metinvest issued $1.592 million in new bonds and secured $765 million…