According to the ruling of the court Titanium Investments, the company of Dmitry Firtash representing Crimean Titanium Works in Russia, had to pay 18 million rubles of the environment tax. According to the prosecutor’s office of the Russia-occupied Crimea, the Armyansk town prosecutors found out the company hadn’t paid 49 million rubles to the budget…
In 2016 Magnitogorsk Iron and Steel Works 2000 hot-rolled mill produced 5948 thousand tons of hot-rolled metal, which is an annual record in the whole history of the mill operation. Records have been marked for the third year in a row. In 2014 the mill produced 5930 thousand tons, in 2015 – 5935 thousand tons.…
In 2016 SUEK enterprises mined 105.4 million tons of coal, up by 8% YoY. Sales increased by 2% YoY, to 103.1 million tons. Russian consumers received 51.2 million tons of coal, with 39.5 million tons supplied to power companies. Decrease of supplies to the local market totaled 6% due to the drop in coal consumption…
Severstal has announced that its subsidiary, Severstal-Metiz, Severstal’s international metal ware manufacturer, has entered into a definitive agreement with Teufelberger Wirerope, a leading international metal wire ropes producer based in Austria, for the sale of Severstal’s subsidiary company Redaelli Tecna (Redaelli Tecna, part of Severstal-Metiz). Redaelli Tecna is based in Italy and is a global…
Rusal is pondering the options of selling 2 of its Sverdlov region companies. In particular, these are Kremniy-Ural in Kamensk-Uralsky and Polevsky Cryolite Works, that was stopped in 2013. According to Rusal, it has improved techniques at its silicon works the products of which are used in aluminum alloys manufacture, in order not to buy…
Energomashspetsstal has concluded an agreement with Evraz NTMK to supply work rolls for 1300 hot-rolling mills. According to the contract, EMSS will produce 12 rolls with the total weight of 570 tons for NTMK. The weight of each roll ranges from 40.6 to 61 tons. The company will completely treat the rolls and deliver them…
Yakutia needs 4.5 billion rubles to start mining tin in the Arctic. The mining should start in 2018. The region houses 37% of all prospected tin reserves in the country (630 thousands tons), with Russia mining just 10% (around 500 tons per year), and importing 90%. The main tin suppliers are China, Bolivia and Portugal.…
Severstal Distribution has opened a new metal warehouse north of Moscow in the town of Lobna. The first shipments from the warehouse occurred in December 2016. “We have opened the second warehouse in the Moscow region, as our sales there are growing”, the company said. The new site comprises of the closed premises (800 square…