By the end of 2018 the Electrostal Tyumeni works will have reached its manufacturing capacity of 550 thousand tons of rolled metal per year. At present the company produces 380 thousand tons per year. The output increase will be achieved with the help of a number of investment projects. The employee number will also increase…
Chelyabinsk Iron and Steel Works has finished an overhaul of its sintering machine. The machine has been shut down for 8 days. The cost of the repair is 9 million rubles. The ChMK sintering factory operates 4 sintering machines with the combined capacity of over 5 million tons per year. Overhauls of the machines are…
On June 19-23 the group of companies Demidov held negotiations with its partners in the Northern Caucasus, discussing pipe market situation and cooperation prospects. At present the order portfolio of Novocherkassk subsidiary of Ryazan Pipe Works is full. Next month the company will sell 3800 tons of electric welded pipes. In June the subsidiary sold…
In June Ukrazaliznytsia held 2 large auctions on the sale of 229.04 million UAH worth of steel scrap. Interpipe NTZ bought 22.5 thousand tons of scrap valued at 113.17 million UAH. The company bought scrap No. 4 (wheels, tyres, beams, etc.) at 5029 UAH per ton. Interpipe’s only competitor was ArcelorMittal Kriviy Rih. Metinvest-Resource LLC…
The assets of Cherepovets Metal Structures Works have been put up for sale. The auction will be held on August 11. The offers are accepted since June 26. The minimal price of the works is 150 million rubles, but the auction will start from 247.1 million. All the assets are sold in one lot, including…
The Dneprovsky Iron and Steel Combine HR director Anatoly Polivoda reported that so far 750 employees had resigned from the works. At present the company employs slightly over 9.5 thousand people. But according to Polivoda, by the time the DMK starts operating again, many more people would have decided to look for new job. (Ukrainian…
NLMK Group announces changes to its IT and R&D management team, which are both key vectors of the group’s forthcoming Strategy 2022. Dr. Bruno Charles De Cooman has been appointed to the newly created role of Vice President for Research and Development. The position covers the coordination of activities of the group’s research centers at…
In order for Dneprovsky Iron and Steel Combine to operate all its three furnaces $150 million are needed. According to the management, the company has enough raw materials for 10 days of 2 furnaces operation, provided in three days coal and coke will start arriving at the works. (Ukrainian metal)