NLMK Group, an international steel making company with operations in Russia, the USA and EU member states, has delivered a trial batch of new high-strength hot-dip galvanized steel to the Hyundai Motor Manufacturing Rus automobile manufacturing plant in St. Petersburg. The new grade of rolled steel, designated SGRC440 and classified as high-tech steel, was previously…
DTEK Geroyev Kosmosa Mine Group has extracted 4 million tons of coal. Blagodatnaya and Geroyev Kosmosa mines ship the fuel to Ukrainian thermal power plants that fire thermal coal and generate electricity for hundreds of thousands of Ukrainian households. Geroyev Kosmosa Mine Group leads the country’s coal production. The miners have hit the mark of 4…
In 2015-2016 Ukraine hasn’t spent anything on industrial safety at state-run coalmines. The 2017-budget doesn’t stipulate any money either. “Mining output decreases, while accidents at mine increase. This year saw twice as much miners killed than last year”, the Independent Miners Union chairman Mikhail Volynets said. In early October supplies of self-rescuers to state mines…
Yasinovskaya-Glubokaya mine of the state enterprise Makeevugol will merge with Severnaya mine. The director of the former becomes the director of the latter. It’s unclear what becomes with the Severnaya director. All miners will remain employed. (Ukrainian metal)
Mariupol Ilyich Iron and Steel Works has found a way to increase productivity of its continuous-casting machines No. 1 and 2. While producing slabs the company has to adjust their width according to the order. So it has to disassemble bolt joints of collectors, where the slabs are cooled. Due to the aggressive environment –…
Russia’s Magnitogorsk Iron and Steel Works (MMK) plans to accumulate about $500 million in cash after its debt diminishes to $230 million in 2017 from the current $520 million, Andrei Yeryomin, the company’s director for economy, said. “This year the bulk of our free cash flow was allocated for debt redemption. After the debt has…
Month Ukrainian market, $/t, without VAT, EXW, $1/UAH25.897* min max August 463 491 September 441 451 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 30.09.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)
In January-September Russian Copper Company produced 127.6 thousand tons of copper cathodes, up from 103.7 thousand tons YoY, and 115.8 thousand tons of copper concentrate (up from 111.9 thousand tons). Precious metals output went up as well: 2221 kg of gold ingots against 2049 kg and 53189 kg of silver ingots against 46607 kg. According…
