Russia: railroad deliveries of metal to oil and gas complex down in July 2018

In July railroad deliveries of metal to the major oil and gas enterprises totaled 298 thousand tons, down by 22% YoY.

In January-July deliveries dropped by 10.7% YoY, to 2.5 million tons.

According to the railroad statistics, this is the lowest result in the past 9 years. (Ukrainian metal)

Russia: UralKuz confirms QMS correspondence

The Uralskaya Kuznitsa Works has successfully passed the re-certification audit of the quality management system correspondence to ISO 9001:2015. The audit has been carried out by TUV Rheinland. The company specialists have checked the forge-press and mechanical shops, and talked to the employees. As a result of the inspection, the quality management system has been…

Russia: Korshunovsky GOK commissions new drilling rig at Rudnogorsky mine

Korshunovsky Mining and Processing Works is commissioning a new drilling rig at the Rudnogorsky mine.

The machine has been purchased under the program of capital investments.

At present the machine is being assembled.

The company has 14 days to assemble the rig, after that it will be commissioned. (Ukrainian metal)

Russia: ChTPZ net profit up in H1 2018

In January-June ChTPZ received 5.621 billion rubles of net profit, up 2.7-fold YoY. The adjusted EBITDA grew by 48%, to 16.238 billion rubles. Revenue went up by 31%, to 94.941 billion rubles, and gross profit – by 36%, to 23.477 billion rubles. The company net debt grew by 8.6% and as of June 30 amounted…

Russia: Severstal the first to produce damping steel

Severstal has presented a new type of vibration and noise suppression steel 01U5T. Damping steel can be used to construct transport infrastructure objects (railroad and subways), as well as in power, household, ventilation and military machines, mining, metal processing, etc. The steel mechanical characteristics are on par with structure steel 09G2S-295, while its prime cost…

Ukraine: AMKR supplies rolled products for construction of wind power plants

PJSC ArcelorMittal Kriviy Rih has won a rebars drop shipment contract for construction of new wind power plant (WPP) in Overyanovka village of Kherson region. Rebars of the enterprise are used for raising foundations for wind-powered generators of new power generation plant in the southern part of Ukraine. Kherson region is one of the leading…

Russia: Chukotka’s gold output down

Gold output of the Chukotka Autonomous District is falling, governor Roman Kopin said in his letter to president Vladimir Putin asking for higher financing of geological exploration and better mechanisms of licensing of subsoil sites. Kopin said that the gold reserves of the unallocated subsoil reserve fund of the region stood at only 95.2 tons,…