Smart Maritime Group has invested 30 million UAH into the development of its metal structure manufacture and modernization of the main assets at its Kherson shipyard. The company will construct a new shop of offshore metal structures, replace cranes, metal processing lines and repair some sites of the metal processing chain. The construction of the…
The Taganrog Boiler-Making Works “Krasny Kotelshchik” (TKZ), a member of PJSC Power Machines, has completed the delivery of a drum complete with separation devices and expansion rollers for the Kazakhstan Aluminum company TPP (Pavlodar, the Republic of Kazakhstan), a member of the Eurasian Group (ERG). This large-scale item was designed and manufactured within the framework…
The Belarus Iron and Steel Works has rerouted its export after the European Commission introduced a five-year antidumping duty on steel rebars, BMZ Deputy Director General Andrei Kulakovsky declared. Reinforcing bars accounted for an average of 12.3% of BMZ’s total export in 2012-2013. The introduction of the antidumping duty was no shock. During the investigation…
In 2006-2016 ArcelorMittal Kriviy Rih spent 4.7 billion UAH on environment protection projects. In 2016 the company spent 472.7 million UAH, including on reconstruction and construction of 35 gas-purifying machines in the sintering shop No. 2, blast furnace shop No. 2, converter shop, refractory-lime shop, grinding factory, etc. Last year the company paid 193.7 million…
In the current washing season Amur artel has already yielded 605 kg of alluvial platinum. The artel opened the season on May 6 and in the first month of operation has washed 170 kg of the precious metals. The results for June were 299 kg. Amur washes for platinum at the Konder deposits in Khabarovsk…
On June 26 Pobuzhye Ferronickel Plant ceased using the anthracite coal in its manufacture. According to the company CEO Oleg Bespalov, PFK consumes some 20-22 thousand tons of power-generating coal per month. At the same time it needs only 1.5 thousand tons of anthracite per month. “Anthracite is our main problem. We’re pondering various suppliers…
UC RUSAL expects global aluminum deficit to rise to 1.7-1.8 million tons in 2018 from 1.3 million tons in 2017, Director for Strategy, Business Development and Financial Markets Oleg Mukhamedshin reported on July 12. The situation at the aluminum market is improving thanks to China’s policy on cutting emission and closing inefficient capacities. RUSAL also…
In January-June Magnitogorsk Iron and Steel Works increased its net profits by 35.8% YoY, to 32.287 billion rubles ($538 million). According to the company statement, its earnings totaled 185.308 billion rubles ($3.088 billion), up by 17.5% YoY. Gross profit increased by 7.5%, to 48.863 billion rubles ($814 million), EBITDA – by 23.8%, to 40.016 billion…