In January-September Krasnoyarskugol mined 4.4 million tons of power-generating coal, up by 12% YoY. The increase is explained by the positive dynamics on the coal market. Analysts say that coal consumption by major power companies has increased, as have the exports. “Coal remains the cheapest and the most trusted type of fuel. According to our…
Orlovsky Steel Rolling Works, a part of Severstal-Metiz, has shipped another batch of fasteners for the construction of the Yekaterinburg-Arena. Screws and M20 nuts will be used in assembling spectator stands for the World Cup 2018. This is not the first batch of the company fasteners to this arena – previously the company has already…
The anode-baking furnace No. 2 at the copper-smelting shop of Uralelectromed has been repaired. It took a month to repair the furnace. The furnace capacity is 350 tons of anode copper per smelting. (Ukrainian metal)
The European Bank for Reconstruction and Development will provide ArcelorMittal Group with a loan of 350 million euro to finance capital expenditures at ArcelorMittal Kriviy Rih. The corresponding project was approved on October 4, and it would be signed within a month. The project aims to support the AMKR investment program valued at $1.1 billion.…
The situation favorable for investments in metal industry is possible only in 3-5 years. “Most companies now invest in vital projects. Investments in the sector now amount not to billion dollars, but to hundred millions”, Mechel CFO Sergey Rezontov said. According to him, in the past several years there have been almost no new investment…
Miners of the Neryungrinsky pit, a part of Yakutugol, have shipped the 350-millionth ton of coal since the company has been put into operation. The previous milestone – 340 million tons – was reached in 2016. The first train with coking coal was sent to consumers on October 26, 1978. (Ukrainian metal)
The Olenegorsky Mining and Processing Works has started assembling machinery of the crushing and sorting complex to produce crushed stone. Commissioning is planned for October. The specialists will have to assemble 3 crushers and 16 conveyors of 15-18 meters depending on the crushing fraction. There will also be a laboratory. “The Metso crushing and sorting…
Chelyabinsk Iron and Steel Works has put into operation the slab-heating furnace in the rolling shop after repairs. The machinery is a part of the chain to produce high quality steel sheet. The cost of the repair was some 2 million rubles. The repaired furnace heats slabs before they are rolled at the 2300/1700 mill.…
