On August 31, the Federal Antimonopoly Service will review the development of competitiveness on the market of graphitized electrodes. A special commission has been created in view of the current situation, connected with the sharp increase of prices for graphitized electrodes in 2017. The event will discuss a number of factors influencing the price formation,…
The blast furnace No. 5 Severyanka of Cherepovets Iron and Steel Works has produced the 120-millionth ton of pig iron. The BF was first blown in on April 12, 1986, and the first pig iron was produced on April 13. For the next 20 years Severyanka has been the largest furnace in the world and…
In June Metinvest increased metal sales by 10.5% YoY and by 5.5% MoM, to 1.113 million tons. Earnings grew by 35.7% YoY and by 0.3% MoM, to $608 million. Mining sales decreased by 12.6% YoY and by 23.9% MoM, to 1.294 million tons, valued at $112 million, up by 0.9% YoY, but down by 14.5%…
In July Ukraine increased iron ore raw materials output by 202 thousand tons MoM, to 6.015 million tons. Concentrate and sinter ore manufacture went up from 125.6 thousand tons to 137.4 thousand tons, while that of sinter and pellets dropped from 68.2 thousand tons to 56.6 thousand tons. Iron ore raw materials deliveries to Ukrainian…
The Ukrainian government intends to reform the coal industry and special measures are already being implemented to strengthen the country’s energy security, Prime Minister Volodymyr Groysman stated in a speech on the occasion of Miner’s Day, the government’s website reports. “For many years there has been and still is a burning need to put into…
In July Russia produced 5.585 million tons of steel, down by 8% YoY (5.341 million tons in June). In January-July steel output dropped by 0.5% YoY, to 40.925 million tons. Ukraine produced 1.81 million tons of steel, down by 12.9% YoY (1.593 million tons in June), and 12.314 million tons in 7 months, down by…
As of August 27, Brindakit LLC, extracting gold in Yakutia, washed 65 kg of gold, with 45 kg obtained from the Brindakit deposits and 20 from the Bam deposits. This year the company intends to obtain 100 kg of gold. Thus the target has been 65% fulfilled. In 2016 Brindakit LLC planned to get 80…
Izhstal has passed the supervisory audit on the correspondence of its quality management system to the ISO 9001:2008 and the controlling check of manufacture to CPR 305/2011. According to the company statement, the audit and the check have been carried out by TUV SUD specialists. They inspected rolling and steel shops, documentation, etc. The experts…