Rusal has sold 100% stake in its Alpart bauxite-alumina complex in Jamaica to the Chinese Jiuquan Iron & Steel (Group) Co. Ltd. (JISCO), for $299 million. Alpart sale will not affect Rusal’s self-sufficiency in alumina. Alpart (Alumina Partners of Jamaica) is a large alumina producer, using bauxites extracted from its own mines. Before it was…
Since the beginning of the year Alardinskaya mine yielded 2 million tons of coal. “The world and local markets witness coking coal shortages. To satisfy the metal makers demand we have to work efficiently. Alardinskaya miners successfully cope with this task”, Raspadskaya Coal Company CEO Sergey Stepanov said. (Ukrainian metal)
Cherepovets Iron and Steel Works, a part of Severstal, produced the 250-millionth ton of coke. The first coke was produced in 1956. The CherMK coke division operates 8 coking batteries, which yield some 4.5 million tons per year and employ 1180 people. This year the company began one of its largest investment projects – the…
After once again being shelled by the Russia-supported terrorists Avdiivka Coke and Chemical Works, a part of Metinvest, had to work on just one emergency electricity line. But soon another line was pit into operation. “Avdiivka is left without water, as the Donetsk filtering station has been cut from electricity following the shelling”, the company…
In Q3 Seversk Pipe Works, a part of TMK, received 395.9 million rubles of net losses. The previous two quarters were profitable for the company. In particular, in Q2 it received 839 million rubles of profits. Q3 revenues dropped by 24% QoQ, to 7.56 billion rubles, with sales profits at 73.4 million rubles, down from…
Korshunovsky Mining and Processing Works, a part of Mechel, has assembled new pumps at the Ilim water inlet. The cost of the equipment totaled 3.3 million rubles. The machinery would pump water from Ilim water inlet to the processing factory to be used in the iron ore processing. “The new equipment will provide us with…
Zaporizhstal intends to receive 4 billion UAH of net profits in 2016, up from 1.8 billion UAH in 2015. The beginning of the year was very difficult both for Zaporizhstal and for the world metallurgy. “I would even call this period (late 2015 – early 2016) the strongest crisis on the market for the past…
In October-November Mariupol Ilyich Iron and Steel Works, a part of Metinvest, started producing 1.2-1.55 mm hot-rolled coils. According to Metinvest statement, these coils are used in construction. Coils are made in accordance with DSTU 2834-94/GOST 16523-97. The EU-standard coils are expected to be produced in the near future. “Ukraine never produced hot-rolled coils of…