“Non-Ferrous Metals Alloys Manufacture” of Uralelectromed has received new machinery valued at 10.5 million rubles. In particular, hydraulic forming machines have been supplied from Turkey and vertical milling machine – from Belarus. The new machinery will improve productivity and increase product range. The purchase of the new mills was presupposed in the program of modernization…
Metinvest has increased its share in Azovstal Iron and Steel Works from 96.22373% to 96.74396%. In particular, the share of Metinvest B. V. grew from 74.66433% to 75.18456% following acquisition on the secondary market. As of Q3 2017, Metinvest International S. A. owned 21.5594% of Azovstal shares. The statutory capital of Azovstal is 1.972 billion…
In December 2017 Kazakhstan produced 0.424 million tons of steel, up by 13.9% YoY and by 2.2% MoM. In 2017 steel manufacture totaled 4.663 million tons, up by 9.4% YoY. Ferroalloys output increased by 6.6% YoY in 2017, to 1.948 million tons. In December 2017 output grew by 5.2% MoM and by 6.1% YoY, to…
Brazil Steel Institute (IABr) has called unacceptable the technical report of the Ministry of Finances on antidumping measures to steel imports from Russia and China. According to the ministry the final antidumping measures will negatively affect local customers, which would face short-term difficulties when making their delivery chains. Moreover the antidumping duties will result in…
Magnitogorsk Iron and Steel Works (MMK) has signed an investment contract with Italian company Danieli & Officine Meccaniche S.p.A. to modernize MMK’s rolled section workshop’s double-strand mill No. 170. The value of the contract for the supply of technical documentation, equipment, installation supervision services, and operational training amounts to EUR 5.5 million. The project is…
Gazprom is negotiating a 20% discount with pipe producers. A source said that the decision had been already made and all pipe producers agreed on the discount. Two sources said that the issue was discussed between Gazprom and pipe producers’ executives on January 16 but no final decision had been made. One more source said…
The Toshkovskaya Mine of the state enterprise Pervomayskugol has put a new long face into operation. Its length is 200 meters, and the reserves are estimated at 150 thousand tons of coal. With the output of 100 tons per day, the miners have enough work for some 4 years. It should be noted that prior…
In 2017 Polyus increased gold output by 10% YoY, to 2.16 million ounces (67.2 tons) mostly because of the increase of production at Olimpiada and Verninskoye deposits. The company forecast the output on the level of 2.075-2.125 million ounces of gold. Sales grew by 13%, to 2.158 million ounces, including 170 thousand ounces of gold…