The Republic of Komi decided not to build the alumina plant. Komi Aluminum was SUAL’s project on construction of alumina-aluminum complex, with the expected capacity of 6.5 million tons of bauxites, 1.5 million tons of alumina and 300-500 thousand tons of aluminum per year. The cost of the project was estimated at $2 billion in…
Alexander Shevelyov, who earlier was the CEO of timber company Sveza, has been appointed the CEO of steelmaker Severstal, the company said in a statement. Acting CEO of Severstal Alexander Kulichenko was appointed the CFO. (Prime/Ukrainian metal)
After several years of idleness the Kremenchuk Steel Works starts operating. The company will be opening new jobs in the railroad car and steel shops for local citizens. The Kremenchuk mayor has ordered the company to provide salary and tax plans. (Ukrainian metal)
In January-September DTEK companies mined 22.3 million tons of coal, up by 4.1% YoY. “We are continuing to develop our companies and have finished 2 important projects, that increase coal mining and processing capacities. Pavlogradskaya Central Processing Factory can now process 7 million tons of coal per year, while coal reserves at Yubileynaya mine have…
In January-October Russia increased primary aluminum output by 1.4% YoY, with aluminum alloys output up by 11.2%. According to the Federal Service of State Statistics, aluminum rods and sections production went up by 2.4%, of plates, sheets, strips and bands – by 9.7%, but that of foil dropped by 10.8%, all YoY. (Ukrainian metal)
In October Volzhsky Pipe Works shipped 61 thousand tons of steel pipes via railroad, down by 0.5% MoM and by 31% YoY. The works has been lagging behind the last year results since the start of this year. VTZ supplied 52 thousand tons of pipes to the local market (down by 2.5% MoM and by…
In Q3 Amurmetal received 748.3 million rubles of net losses, up by 2% QoQ. The company revenue totaled 989 million rubles, down by 25% QoQ. Liquid steel smelting dropped by 60% YoY, to 167.84 thousand tons. In January-September Amurmetal received 2.56 billion rubles of net losses, up by 27% YoY. The company produced 71 thousand…
Aktyubinsk Rail and Beam Works has certified its products according to the Russian state standard GOST R 51685-2013. The certificate expands ARBZ possibilities of supplying rails to the countries, where this standard is used, primarily to Russia. “Most ex-Soviet countries prefer rails certified to GOST R 51685-2013. We have already signed a contract to supply…