By 2030 Metinvest plans to have invested $8.8 billion into modernization of its capacities. “Some $5.7 billion will be invested into metal assets, and $3.1 billion – into mining. This will be the metallurgy combined with IT, the so-called Industry 4.0”, the group marketing director Roman Kurashev said. As an example he named the modernization…
The Federal Antimonopoly Service has satisfied the claim of Seversk Pipe Works to buy 100% of Uralchermet shares. According to the service report, the deal will not limit the competitiveness. The charter capital of Uralchermet is 10 million rubles. In 2016 the company received 859.5 million rubles of revenue, with net profits at 27.9 million…
Nytwa Iron and Steel Works has for the first time carried the inspection audit of its quality management system according to ISO 9001:2015. The inspectors have checked the design, development and manufacture processes of bimetallic rolled metal, cold-rolled and galvanized steel strips, bimetallic, steel and alloy billets, etc. Nytwa Works is one of the oldest…
In January-September Ukraine produced 15.762 million tons of steel, down by 14% YoY. Pig iron manufacture dropped by 18%, to 14.626 million tons, of rolled metal – by 16%, to 13.469 million tons, of coke – by 21%, to 7.696 million tons. At the same time pipe output increased by 26%, to 784 thousand tons.…
In January-September Zaporizhstal produced 2.467 million tons of rolled metal, down by 3.2% YoY. Steel output decreased by 0.3%, to 2.931 million tons, the company reports. Pig iron manufacture dropped by 0.1%, to 2.74 million tons. At the same time, in September Zaporizhstal increased rolled metal output by 13.4%, to 382.2 thousand tons, steel –…
In January-September Dneprovsky Iron and Steel Combine decreased rolled metal output 2.2-fold YoY, to 658 thousand tons. According to a company representative, in 9 months DMK produced 680 thousand tons of steel and 662 thousand tons of pig iron, both down 2.1 and 2.2-fold YoY. At the same time, in September the company produced 215…
Mikhail Mazhukin has been appointed the managing director of Korshunovsky Mining and Processing Works. In 2009-2013 Mazhukin managed the Yuzhnouralsk Nickel Works. At the new office he has replaced Boris Sedelnikov, who has been appointed open pit director at Yuzhny Kuzbass. “Boris Sedelnikov has made a great contribution to the development of KGOK. Under his…
Raspadskaya mine has started developing the bank 6-6a with the estimated reserves of over 127 million tons of coking coal. The first long face 4-6-33 (3.5 million tons) has been put into operation. Investments totaled 900 million rubles. “We’ve been preparing to start working at the bank for almost 3 years. The bank is powerful.…
