Ukraine: Kerch bridge hurting metal makers

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…

Russia: Karabashmed to improve metal slag processing efficiency

Karabashmed is studying the possibility of optimizing techniques to obtain copper concentrate from metal manufacture slag. The Ural Federal University specialists are involved. At present the Karabashmed processing factory produces copper concentrate of the slag mix originating from Ausmelt furnace copper smelting, and converter shop. The scientists will review three types of processing: Ausmelt slags,…

Ukraine: government to reform coal industry

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…

Russia: Izhstal passes QMS audit

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…

Russia: Nordgold net profit down in H1 2017

In January-June Nordgold received 3.96 billion rubles ($67.7 million) of net profits according to international standards, down by 28% YoY. Earnings increased by 16%, to 35.38 billion rubles ($604.9 million), EBITDA – by 12%, to $266.5 million (15.59 billion rubles). Capex dropped by 9% YoY, to 8.53 billion rubles ($145.9 million). In Q2 the company…

Russia: Mechel coal output down in H1 2017

In January-June Mechel mined 10.331 million tons of coal, down by 10% YoY. According to the group statement, steel output in 6 months increased by 5%, to 2.22 million tons, pig iron remained almost flat YoY, at 2.04 million tons. In Q2 Mechel decreased coke sales by 9% because of unstable market situation. “The metal…