Last year saw a number of manufacturing records at MMK. In February 2017 the 2500 hot-rolling mill produced 180 million tons of hot-rolled metal since its commissioning in 1960. Today one of the largest mills at MMK is under reconstruction, scheduled to be completed in 2020. Following the reconstruction the mill’s capacity will grow from…
Sergey Kim has been appointed new general director of NLMK-Metiz. In his new office Kim will participate in the projects to develop the manufacturing system, improve client service and optimize business processes. The previous CEO of the company was the honorary metallurgist Fanis Khusainov. “I want to thank Fanis Khusainov for efficient work. Now NLMK-Metiz…
Krasnoyarsk Aluminum Works has commissioned a new foundry complex. The preparations lasted for 2 years. The new complex is able to produce tubular ingots with the diameter of 457 mm. This is the record size for the Russian aluminum industry. Such ingots do not require additional treatment and are in demand all over the world.…
In 2018 Electrozinc intends to invest some 526 million rubles into construction, replacement of the outdated machinery, modernization of existing machines and the purchase of new ones. According to the company chief engineer Dmitry Binder, a number of major projects are in an active stage of realization. For instance, for the project on circulating dust…
In 2017, according to the Customs Statistics, Russia imported 498.2 thousand tons of flat galvanized steel with polymer coating, up by 0.7% YoY. The 2016 results were the lowest in all the history of these products imports to Russia. China supplied the most metal – 276.4 thousand tons, up by 10.4% YoY. In December 2017…
In December 2017 Metinvest increased its EBITDA by 28.1% MoM, to $251 million, with revenue up by 5.7%, to $915 million. As of December 31, 2017 the group combined debt was $3.017 billion. In December 2017 Metinvest sold 465 thousand tons of semi-finished products valued at $194 million: 232 thousand tons of pig iron billets…
In February Ukraine produced 1.51 million tons of steel, down by 20% MoM. According to Ukrmetallurgprom, pig iron output dropped also by 20%, to 1.56 million tons, while that of rolled metal – by 23%, to 1.3 million tons. In January-February pig iron manufacture, taking into account operation of works situated in the temporarily occupied…
Residents of Toguz-Toro district of Jalal-Abad region again protest against the construction of a gold recovery plant. About a hundred locals reportedly broke into the territory of GL Makmal Developing company and broke the fence. This is the second protest of the local residents. After the first, construction of the gold recovery plant was suspended.…
