Kamensk-Uralsky Iron and Steel Works has purchased stakes in Aluminium Silicon Mill Products GmbH (Switzerland) and Aluminium Silicon Mill Products HK Ltd. (Hong Kong) under the development strategy. KUMZ and ASMP have been cooperating for a long time. ASMP is the works’ key trade and marketing representative. Having acquired stakes in ASMP, KUMZ can now…
In 2017 hot-rolled metal consumption in Russia totaled 8.96 million tons. NLMK share was 17.5%. According to the group regional sales director Vladislav Ovchinnikov, in cold-rolled sheet NLMK share was 35.8% out of 3.26 million tons consumed, galvanized metal – 20.8% (3.04 million tons), and polymer-coated metal – 20.9% (1.88 million tons). On the bars…
In 2017 NLMK-Metiz increased wire production by 18% YoY, to 274 thousand tons. Nails output grew by 6%, to 30.6 thousand tons, and self-tappers – to 5.8 thousand tons. “Output growth is mostly the result of our products competitiveness increase on world markets”, the company said. NLMK-Metiz is among 5 largest manufacturers of metal wares…
In January Interpipe Steel produced 75 thousand tons of steel, up by 25% YoY, In December 2017 steel output totaled 76 thousand tons and in November – 78 thousand tons. Round billets manufacture last year increased by 38% YoY, to 850 thousand tons. Almost all steel was sold to the group own works, with just…
PJSC Magnitogorsk Iron & Steel Works (MMK) has signed a contract with SMS group GmbH (Germany) regarding the supply of equipment to be used in the reconstruction of the finishing train of hot-rolling Mill 2500 at sheet rolling plant No. 4. Under the terms of the contract, the equipment will be supplied over a period…
The arbitrary court of the Volgograd region decided not to review the claim of the tax service on declaring Volgograd Iron and Steel Works “Krasniy Octyabr” insolvent. The tax inspection wanted the works to be declared insolvent because of its tax debts. As of December 1, 2017 the company had a debt to the budget…
According to the decree of the Council of ministers the list of companies that have the right to procure and process precious metals scrap and waste has been updated. One more company was included in the list, brining the total to 32. Such companies determine the terms of acceptance and submition of precious metals wares,…
Last year the Ministry of Investments and Development held auctions for the usage of subsoil resources on 58 sites. According to the ministry, gold reserves increased by 35 tons, silver – by 25 thousand tons, uranium – by 14 thousand tons, tungsten – by 70 tons and copper by 1.1 million tons. (Ukrainian metal)
