In January-March Yakovlevsky Mine extracted 250 thousand tons of ore, up 3-fold YoY, which met the business target. The company sold 270 thousand tons of ore, up by 8% from the plan. The average iron contents in the ore were 60.6%. In Q1 the mine put into operation a new ventilation system. The machinery valued…
Izhorsky Pipe Works has carried out capital repairs of its main machinery, having completed the spring repair campaign. “The repairmen only had three days. But despite the short terms, they coped with the ambitious task. The capital repair will provide for the stable operation of the machinery and will extend its lifetime”, ITZ CEO Dmitry…
Vesco Limited (Cyprus) has replaced the supervisory boards at Vesco, Druzhkovka Mine Group and Ogneupornerud. In particular, the office of UMG Investments CEO Andrei Gorokhov as a member of supervisory boards in all three companies has been prolonged from April 7 for 3 years. Polina Sarnikova left the supervisory board, and was replaced by UMG…
In March Dneprospetsstal increased steel output by 5.7% MoM, to 22.226 thousand tons. According to the company statement, rolled metal output grew by 5.9%, to 14.889 thousand tons. In January-March steel manufacture increased by 3.2% YoY, to 63.849 thousand tons, and rolled metal – by 2.2%, to 42.763 thousand tons. In 2017 DSS produced 256.6…
The Federation of Metal Makers of Ukraine forecasts losses of the mining and metal complex (accounts for 6-7% of diesel fuel consumption) at 2.5 billion UAH per year in case fuel gets more expensive because of imposition of import quotas. According to the Federation chairman Sergey Belenkiy, this accounts for both purchases of fuel and…
Zaporizhstal has successfully passed the re-certification audit of the hot-rolled metal correspondence to EN 10025-1 and the construction norms 305/2011. Cold-rolled coils and sheets have also been certified for the compliance with EN 10130. The audit has been carried out by TUV SUD. Zaporizhstal received EN 10025:2004 and EN 10130:2006 certificates in 2016. Since 2008…
Beloretsk Iron and Steel Works produced 115 thousand tons of metal wares in Q1 2018, up by 3% YoY. The products for the construction industry, machine-building and electrode industry demonstrated the largest increase. Cold-deformed rebars and low-carbon wire sales grew by 46% and 38% respectively. Sales of nails increased by 23%, of welding alloyed wire…
In January-March Severstal produced 3.03 million tons of steel, up by 1% QoQ. Pig iron output remained almost the same – on the level of 2.35 million tons. Consolidated steel sales grew by 3% QoQ, to 2.86 million tons. The growth has to do with the change in the structure of sales and the billet…