On August 28 the militants of the terrorist organization DPR (Donetsk People’s Republic, created and supported by Russia) for the first time in 3 years made an industrial explosion of rock in the quarry of the “nationalized” Dokuchaevsk Flux-Dolomite Complex. According to the so-called Ministry of industry and trade of the DPR, the enterprise has…
On September 14 the trading house Attika will hold an auction to sell the assets of Armavir Electrometallurgical Works LLC. AEMZ was declared insolvent in August 2016. The registry includes claims for 2.5 billion rubles, including 8 million rubles of tax debts. AEMZ assets are evaluated at 276 million rubles, and this will be the…
Evraz NTMK is continuing construction of a ball-rolling mill. The rail-beam shop has started assembling the main equipment. A furnace to heat billets before rolling, a rolling mill, a thermal treatment site and a shipping site will be prepared and assembled. The length of the line will be 300 meters. The new manufacture will create…
NLMK Group has embarked on the construction of a briquetting plant at its Lipetsk production site, a new production of steelmaking briquettes with a capacity of 700,000 tons per year. The project will create about 200 new jobs, and will enable NLMK to source raw materials for blast furnaces from blast furnace (BF) waste, cut…
The Cabinet of Ministers is underestimating the roll of metal industry in the national economy, the chairman of the Metal Makers Federation of Ukraine Sergey Belenky believes. According to him the Prime Minister of Ukraine Vladimir Groysman presented priorities in lawmaking for the autumn – some 50 governmental bills, which, when approved by the Verkhovnaya…
The construction of the bridge over the Kerch Strait will have negative consequences for Ukrainian metallurgy. Earlier the Russian authorities claimed that the project would not affect the free sailing in the Black and Azov Seas, nor the throughput of Ukrainian Azov ports – Mariupol and Berdyansk. “But the reality is different. Moscow has imposed…
In June Metinvest increased its corrected EBITDA by 23.5% YoY, to $147 million, but still it was 4.5% below the May level. According to the group statement, its income in June increased by 28.8% YoY, to $720 million, but fell by 2.3% MoM. In May Metinvest EBITDA grew by 13.24% MoM, to $154 million. In…
In January-July Magadan region mined 142.7 thousand tons of coal, down by 33.6% YoY. This year only 2 companies in the region mine for coal: Kolyma Coal Company and Association of business development. Severo-Vostochnaya Coal Company does not mine for coal this year, as it mined enough last year. In 7 months Kolyma Coal Company…