In January-June the Industrial Metallurgical Holding produced 1.15 million tons of coking coal, up by 24% YoY. The increase is the result of the start of operations at the mine named after Tikhov and the second stage of the Bitovskaya mine. The combined capacity of the 2 mines is 3.4 million tons of coking coal…
NLMK Group, an international steelmaking company with operations in Russia, the European Union, and the USA, has been recognized as a leading exponent of investor relations among European steel companies by the European investment community. Ratings were compiled by IR Magazine based on an independent perception study among over 600 members of the European investment…
Employees of a state enterprise engaged in coal mining were decreasing real price of the products thus damaging the state budget by 3.5 million UAH. Since mid-2016 the employees have been decreasing the quality characteristics and price of coal and selling it to the controlled companies. After that the coal was sold at market cost…
ArcelorMittal Kriviy Rih miners, who wanted to go on strike on July 26, demanding the increase of salary, postponed it till August 2. But the company management again says the event will be illegal. On July 26 the miners had a meeting instead of strike. “The AMKR administration welcomes the decision of the employees to…
The authorities of the Republic of Mordovia are interested in developing Saranskcable. According to the acting chairman of the republic Vladimir Volkov, in 3 years the modernization project received 630 million rubles, and in H1 2017 – 106 million rubles more. In particular soon the works will start manufacturing metal. Most of the equipment has…
The Prime Minister of Kazakhstan Bakytzhan Sagintayev criticized the ArcelorMittal Temirtau CEO Paramjit Kahlon. In particular, the prime minister said that it was hard for the local business to start supplying to the works, and it was difficult to buy AMT products. For local customers rolled metal at the Temirtau warehouse is $30 per ton…
Zakamensk, mining for tungsten in the Republic of Buryatia, is working on creating a tungsten manufacture at the Jidinsky Tungsten-Molybdenum Works. To produce tungsten the company will use ammonium paratungstate, obtained from the concentrate, as raw materials. At first the company will produce trial batches, and in 5 years it is intended to start full-scale…
In June railroad transported 5.4 million tons of ferrous metals, down by 5.3% YoY, and 35.2 million tons in 6 months, down by 1%. Inner transportation in June increased by 7% YoY, while exports dropped by 13% (to Italy – 2-fold, to Mexico and Belgium by 40%). At the same time deliveries to Kazakhstan and…
The Pipe Metallurgical Company has started manufacturing casing pipes of corrosion-resistant chrome-nickel alloys TMK-S. The first batch of TMK-S pipes has been produced at Tagmet and shipped to Lukoil. The alloy has been developed for pipes used in oil and gas extraction with high content and partial pressure of sulfuretted hydrogen and carbon dioxide. “This…
Amurmetall, the only steel producer in Russia’s Far East, has restarted production of steel after a six-month break, the government of the Khabarovsk region, where the plant is located, said in a statement on July 31. Amurmetall has been undergoing bankruptcy management since 2013. In 2015, the plant was put to auction at a price…
Prime Minister of Kazakhstan Bakytzhan Sagintayev visited the production facilities of Arcelor Mittal Temirtau, one of the largest industrial enterprises of Kazakhstan. Minister of Energy Kanat Bozumbayev reported on the measures to solve the paramount task of uninterrupted provision of heat and electric energy to consumers. To this end, a comprehensive plan for the modernization…
The Kremenchug Car Works has supplied another batch of all-terrain buses KrAZ-5233 to Severniy and Ingulets Mining and Processing Works.
This is the second batch of automobiles delivered to the GOKs this month.
The first batch was dispatched some 2 weeks ago. (Ukrainian metal)
In January-June the Tajik Aluminum Company produced 49.101 thousand tons of aluminum, down by 32.8% YoY. The decrease had to do with the world price jumps on aluminum and the usage of outdated technology, which makes TALCO products uncompetitive. According to the industry and new technologies minister Shavkat Bobozoda, the only aluminum manufacturer and the…
In January-June Uralelectromed produced 172.9 thousand tons of copper cathodes, up by 2.7% YoY.
Gold and silver output also increased – by 2.3% and by 23.2% YoY respectively.
The company has also improved its technical tellurium manufacture – by 11.9% and powder wares – by 15.7%. (Ukrainian metal)
In January-June VSMPO-Avisma produced 14.2 thousand tons of titanium, up by 20.4% YoY. At the same time, because of the drop of the exchange rate, the company earnings decreased by 0.4%, to 36.232 billion rubles, and its net profits by 35.6%, to 8.793 billion rubles. The strengthening of the ruble resulted in the decrease in…
The Splav Corporation has received an order for pipe vales from a major Russian oil extractor and processor – Surgutneftegaz.
According to the agreement, in autumn the corporation will start supplying 1200 gland type globe valves to Kirishnefteorgsintez for the construction of the complex of pump petrol and diesel fuel. (Ukrainian metal)
NLMK Group has participated in the 18th International Specialized Exhibition “Construction Machinery and Technologies/ STT 2017” in Moscow. There the group presented the premium wear-resistant steel of the Quard grade. KAMAZ presented dump trucks and truck bodies made of Quard450 steel. NLMK produces Quard steel at its NLMK Clabecq works in Belgium. The steel sheets…
In June Ukrainian market received 269 thousand tons of scrap, up by 18 thousand tons MoM, with 1421 thousand tons delivered since the year beginning. According to the state enterprise Ukrpromvneshexpertisa deputy director Yuri Dobrovolsky, the raw materials shortage is still felt on the market. Since the year started, the demand in scrap has been…
At a meeting held on July 28, NLMK Group’s Board of Directors recommended the company’s shareholders to approve payment of Q2 2017 dividends at the upcoming Extraordinary General Shareholder Meeting (EGM) to be held on September 29. NLMK Group’s Board of Directors recommended NLMK shareholders approve Q2 dividends of RUB 3.20 per share, equivalent to…
At the plant for production of metallurgical-grade silicon of Tau-Ken Temir LLP, Prime Minister of Kazakhstan Bakytzhan Sagintayev has checked the current measures for technological modernization and prospects for development of the enterprise. Sagintayev examined the operational shops for silicon, refining, teeming and production, and visited the silicon intermediate storage facility. Murat Zhukenov, the Board…
The Mariupol city council has concluded an agreement with Mariupol Ilyich Iron and Steel Works as to the lease of cars valued at 175 thousand UAH. The lease of 2 Toyota Land Cruiser with drivers till the end of the year costs 160 thousand UAH. Thus for each car the city council will pay 8…
In January-June Poltava Mining and Processing Works exported 4.123 million tons of iron ore pellets. At the same time Karelsky Okatysh exported 2.461 million tons, Mikhailovsky GOK – 1.878 million tons, Lebedinsky GOK (all three – Russia) – 1.355 million tons, while SevGOK – 983.9 thousand tons of pellets. In H1 PGOK produced 5.16 million…
In June Russia produced 4.55 million tons of pig iron, down by 7.7% YoY (5.095 million tons in May). In January-June pig iron output decreased by 1.7% YoY, to 30.186 million tons. Ukrainian pig iron output in June totaled 1.52 million tons, down by 13.9% YoY (1.61 million tons in May), with 9.658 million tons…
The Electrocable Kolchugino Works has assembled the new machinery valued at 3 million rubles. It will allow the company to increase medium and high voltage (up to 110 kW) power cable output. The new taping and armoring machines have been incorporated in the existing line. “The necessity to improve the line resulted from the increase…
A presidential decree dated July 26 approved measures to improve governance structures and increase the efficiency of activity of enterprises of the coal industry. The document notes that the decree of the President of the Republic of Uzbekistan dated June 13, approved the program of further development and modernization of the coal industry in 2017-2021,…
In June Russia produced 5.341 million tons of steel, down by 8% YoY. In 6 months steel output totaled 35.34 million tons, up by 0.8% YoY. Ukraine decreased steel output by 13% YoY in June, to 1.593 million tons (1.69 million tons in May). In January-June Ukraine produced 10.504 million tons of steel, down by…