Techi Rus, a part of Severstal-Metiz, is increasing its manufacturing site in Cherepovets. According to the company statement, the industrial floor of 1.2 thousand square meters is being constructed. The site will be used to store raw materials and machinery to produce steel ropes. “The increase of capacities will provide us with additional opportunities. First…
Ukrzaliznytsia has announced a purchase of railroad rails, joint bars and rail chairs with the total cost of 2019.367 million UAH. In particular, the company will buy 63 thousand tons of railroad rails at the expected price of 1779.846 million UAH, as well as 6668 tons of chairs and 1176 tons of joint bars at…
Since the start of 2017 Ukraine produced 11.05 million tons of iron ore raw materials, down by 1.3 million tons YoY. In February average daily output totaled 130.2 thousand tons, up by 16.3 thousand tons MoM, with 5414.2 thousand tons produced, down by 219.3 thousand tons MoM. Severniy and Ingulets GOKs have decreased output by…
The Ministry of Transport and Roads and the State Committee for Industry, Energy and Subsoil Use of Kyrgyzstan can’t agree on railway tariffs for the transportation of coal, the head of the State Committee Duishenbek Zilaliyev said on March 24, at a government meeting. According to him, under the agreement on the application of unified…
The Cabinet of Ministers of Ukraine has exempted operations with ferrous and non-ferrous scrap metal, in particular imports, from value added tax (VAT) until January 1, 2019. The corresponding government resolution dated March 22, amends another resolution No. 15 dated January 12, 2011, which defined the list of ferrous and non-ferrous metal scrap and waste,…
Gold production at the Kumtor mine in 2016 was 550,960 ounces or 17,136.78 kg, Kumtor Gold Company informed. Gold sales were 546,342 ounces or 16,993.15 kg with a revenue totaling $686.4 million. According to preliminary reports of the KR National Statistics Committee, Kumtor’s share in KR GDP in 2016 was 8% and in the overall…
The Taganrog Iron and Steel Works, a part of TMK, has been visited by the Rostov region deputy governor on industry development, energy and transport Vladimir Krupin and the first deputy minister of industry and energy of the region Andrei Savelyev. Together with the managing director Sergey Bilan they have visited the arc-furnace and pipe-rolling…
The Beloretsk Iron and Steel Works, a part of Mechel, has concluded a contract to buy a steel rope mill in Germany. The new machinery will allow producing 22-90 mm diameter ropes used in lifting industry, bearing elements of hanging bridges, coal and mining industries, as well as ship-building and oil-and-gas extraction. At present no…
