Cherepovets Iron and Steel Works has finished the repair of a unit of air heaters (cowper stoves) of the blast furnace No. 5 (“Severyanka”). Under the investment program CherMK has repaired 4 cowper stoves. Investments exceeded 2.3 billion rubles. The constructors have assembled over 4.5 thousand tons of metal structures and laid more than 18…
Gazprom believes the price of large diameter pipes for the surface part of Nord Stream 2 is too high. The pipes suppliers have already received the corresponding letters. The order was issued on April 19, 2016. Gazprom intended to by 501.6 thousand tons of large diameter pipes. The total cost of the contract is 56.8…
NLMK Group, an international steel company with operations in Russia, the USA and the European Union, has begun construction and assembly works at energy infrastructure and gas treatment units at steelmaking shop (BOF Shop) No. 2 (its current capacity is 8.5 million tons per year) as a part of a large-scale upgrade of blast furnace…
Russia will auction a license to develop the large tungsten and molybdenum field Tyrnyauzskoye in the republic of Kabardino-Balkaria until the end of 2017, the region’s head Yury Kokov said. “The auction for provision of a license for development of the Tyrnyauzskoye field is scheduled for December 28-29. State corporation Rostec will participate in it…
U.K.-based mining giant Evraz, which operates mainly in Russia, has temporarily suspended operation of the Yesaulskaya coal mine in the Kemerovo region due to a recent rockslide, the Energy Ministry said in a statement on December 21. The rockslide occurred in a blind ventilation drift on December 20, and 97 out of 100 miners evacuated…
Mechel has signed a memorandum for the delivery of coal to one of the largest cement manufacturers in the world – Jidong Cement (China). According to the document, Mechel will supply up to 3 million tons of energy-generating coal mined at the Elga and Neryungrinsky pits. The price will be determined each month. “Jidong Cement…
The authorities of Chelyabinsk region will not provide Chelyabinsk Pipe Works with state guaranties for the third time to cover its obligations to buy metal from Magnitogorsk Iron and Steel Works. According to the regional ministry of finances the company has no necessity to get such a guarantee. The regional state guarantee was granted to…
In January-September Metinvest B. V. (the Netherlands) sold 3.363 million tons of metal valued at $1.843 billion on the European market as opposed to 3.541 million tons at $1.447 billion in 9 months of 2016. According to preliminary results for January-September, in Ukraine the group sold 2.019 million tons of metal at $1.214 billion against…