Zaporizhstal has completed half of all the works at the blast furnace No. 3 reconstruction. “The equator has been passed. All the disassembly has been finished, the foundation is ready. We have already assembled the first block of the new BF weighing 240 tons. With just one sweep of the crane!” the company CEO Rostislav…
The Board of Directors of PJSC MMC Norilsk Nickel has approved the sale of an up to 39.32% stake in the Bystrinskiy Project to CIS Natural Resources Fund, a Russia-focused natural resources fund established by Interros Group and ESN Group, on the terms defined below. As a basis for this transaction, the project is being…
Russian oil and gas pipe maker TMK raised pipeline prices on the U.S. market by 15%, the first time since early 2015, in the wake of a market recovery in late 2016, CEO of the company’s U.S.-based subsidiary TMK IPSCO Pyotr Golitsyn said. “The markets are restoring rapidly. We have been raising supplies every month…
Russia’s palladium and palladium alloy output rose by 4.4% YoY in 2016, the Federal State Statistics Service said. Platinum and platinum alloy production increased by 3.3% YoY, while production of gold-bearing ore and concentrates rose by 2.6%. But production of silver ore and concentrates went down by 13.6%. In December 2016 palladium and palladium alloy…
In 2017 Electrozinc intends to take actions aimed at improving efficiency, competitiveness and labor safety. According to the company CEO Igor Khodyko, February will see the start of construction of the absorber in the sulfuric acid shop, which will be put into operation in October. The new power substation purchase is being negotiated. The output…
In 2016 Severstal Balakovo Bar Works, a part of Severstal Russian Steel, produced 722 thousand tons of steel, up by 20% YoY. The company also produced 660 thousand tons of bars, up by 17% YoY. Last year consumers received 702 thousand tons of bars. This year the output is expected on the same level. In…
In 2016 Holding Cable Alliance (uniting cable assets of the UMMC) processed 37.5 thousand tons of copper, up by 12% YoY. The increase was caused by the major modernization of industrial sites and the expansion of the product range. 2016 saw new machinery assembled at all HCA companies. Thanks to this they were able to…
In 2016 Korshunovsky Mining and Processing Works, a part of Mechel, mined 8.2 million tons of ore, up by 4% YoY. Iron ore concentrate output remained almost flat YoY at 2.7 million tons. All the products were sold on the local market, with 98% of the iron ore concentrate supplied to Chelyabinsk Iron and Steel…
