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Author Archives: admin

Russia: Evraz NTMK produces rolled metal for new MMK sinter factory construction

Evraz NTMK, MMKBy admin03.04.2018Leave a comment

Evraz NTMK has produced over 7 thousand tons of rolled metal for the construction of a new MMK sintering factory. Flanged beams and steel rounds accounted for the main part of the metal supplied. The metal is used for the construction of main structures in the sinter shop, the sintering machines No. 1 and 2…

Russia: Anzhu buys site with 1 ton of gold

goldBy admin03.04.2018Leave a comment

Anzhu LLC has won the right to develop the alluvial gold site at the Nyamnyagindja Brook in Yakutia. ADK LLC and Poisk Zoloto also participated in the auction. The auction ended with the bid of 227.997 million rubles. The C1 reserves of the site are estimated at 1042 kg of gold. The size of the…

Russia to complain to WTO about US import metal duties

antidumpingBy admin03.04.2018Leave a comment

Russia plans to file a complaint to the World Trade Organization (WTO) against Washington’s decision to introduce import duties on steel and aluminum, but does not plan any direct countermeasures, Deputy Industry and Trade Minister Viktor Yevtukhov declared on April 3. “The issue here is not only in introduction of retaliatory duties, there is a…

Russia: ArcelorMittal and VTB among India Essar Steel suitors

metal industryBy admin03.04.2018Leave a comment

ArcelorMittal SA, Vedanta Resources and a group comprising Russia’s VTB and top Indian steelmaker JSW Steel have bid for bankrupt steelmaker Essar Steel India, Reuters reported quoting a joint statement of the companies. Essar Steel is among a dozen of India’s biggest debt defaulters that were pushed into the bankruptcy court last year after a…

Latvia: Liepājas metalurgs equipment sold for 1.6 million euros

Liepajas metalurgsBy admin03.04.2018Leave a comment

Smart Stahl GmbH (Austria) has confirmed the purchase of the rolling mill from the insolvent KVV Liepājas metalurgs for 1.6 million euros. The equipment will be handed over to a trade company, created by Smart Stahl. The deal will be finalized in early May. (Ukrainian metal)

Russia: Severstal to spend 8 billion rubles to raise flat rolled metal output

SeverstalBy admin03.04.2018Leave a comment

Russian steelmaker Severstal plans to invest 8 billion rubles to increase output of flat hot-rolled and cold-rolled products by 500,000 tons and to launch a new product, rolled metal with a width of 1,850 millimeters, the company said in a statement on April 3. Severstal plans to buy and upgrade equipment, and has already signed…

Russia: Kola to develop Severniy mine until 2060

KolaBy admin03.04.2018Leave a comment

Severniy Mine, the main supplier of raw materials to Kola Iron and Steel Works, will be in development until 2060. “We intend to further develop the south underground site and reach the next horizon – 740 meters, which will allow us to prolong its operation till 2060”, Kola mineral and raw materials complex deputy CEO…

Belarus: Russian companies eager to sell more metal via BUCE

Metal marketBy admin03.04.2018Leave a comment

Russian companies are ready to sell more metal products via OAO Belarusian Universal Commodity Exchange (BUCE). The relevant statement was made by President of the Russian Union of Metal and Steel Suppliers Alexander Romanov during the roundtable session held to discuss the production and consumption of ferrous and non-ferrous metals in the Republic of Belarus,…

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…1,4961,4971,4981,4991,500…
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