In 2017 Ukrainian metal works purchased 2.83 million tons of scrap, down by 12.7% YoY. Scrap covered only 90% of the need. The average usage of purchased scrap was 133 kg per 1 ton of steel. At the same time exports of scrap in 2017 increased by 78.5% YoY, to 486.5 thousand tons. The major…
At a meeting on January 16 directors of NLMK Group resolved to convene an Extraordinary Shareholder Meeting on March 12 to elect a new president (CEO) and chairman of the management board. The EGM will be held by absentee ballot. The date upon which the shareholders entitled to participate in the EGM will be determined…
S&P Global Ratings has assigned its “B-” long-term corporate credit rating to Metinvest B.V., the holding company of a group of mostly Ukraine-based vertically integrated steel and mining assets, the outlook is stable, reads a report on the rating agency’s website. “Metinvest, with operations in Ukraine and abroad, is a midsize producer with steel capacity…
AzerGold is looking for a company to provide transportation and precious metals ingots delivery services. The company will be chosen at the open tender. The cost of participation is 250 manats. All the offers are accepted through February 26. The tender will be held on February 27. AzerGold was created by the decree of the…
In 2017 Magadan region obtained almost 33 tons of gold, up by 5 tons YoY. Pavlik developing the deposits of the same name mined 6.5 tons of gold. Susumanzoloto is still the best alluvial gold extractor – 4 tons. This year the region intends to increase output. In particular, the new mine named after Matrosov…
Mikhailovsky Mining and Processing Works has put two new locomotive units in operation. The new machinery has been purchased under the investment program of Metalloinvest to improve efficiency of manufacture. The locomotive units have increased power, which enables to use 11 dump cars in one train instead of 10. The machinery will transport ore from…
Rusal and Energoprom have signed a 5-year contract for the delivery of cathode blocks at the volume of 21.5 thousand tons per year. According to the agreement, in 2018-2022 Energoprom will cover up to 70% of Rusal aluminum works needs in carbon-graphite raw materials. The products will be supplied from Novosibirsk Electrode Works. “This is…
Severstal has concluded a contract for the delivery of equipment for vertical and horizontal stands and the modernization of the laminar machine of the 2000 hot-rolling mill at the Cherepovets Iron and Steel Works. Investments in modernization total 2 billion rubles. The machinery will be supplied by Primetals Technologies (Austria). The project is to be…