Russia: Evraz ZSMK produces high-strength rails

Evraz ZSMK has produced a trial batch of rails of the new category – DT400 IK.

The rails can be used under the most sever conditions.

Previously such rails were not produced in Russia.

After all the certification documents are received, a batch of rails will be sent for tests. (Ukrainian metal)

Ukraine: Economic Ministry disappointed with EC decision to reject obligations proposed by hot-rolled steel exporters

The Economic Development and Trade Ministry of Ukraine is disappointed by a decision of the European Commission (EC) to reject price commitments proposed by Metinvest Group and other hot-rolled steel exporters in exchange for non-applying the previously introduced anti-dumping duties to them. “We are very disappointed by this decision of Europe, especially in the context…

Ukraine: ferrous metals exports revenue up in January-February 2018

In January-February Ukraine increased revenue from ferrous metals exports by 27% YoY, to $1.709 billion. According to the State Fiscal Service, ferrous metals accounted for 23.17% of the total exports revenue against 21.48% in January-February 2017. In February ferrous metals exports revenue reached $836.157 million. In 2 months ferrous metals imports grew by 59.8%, to…

Russia: Severstal receives machinery for cold-rolled metal quality control

Severstal has received machinery of four quality control systems for its Cherepovets Iron and Steel Works. The investment project with the total amount of over 180 million rubles will improve cold-rolled metal surface quality. Under the contract Isra Surface Vision GmbH (Germany) has supplied modules of video cameras with high resolution, the equipment for lighting…

Ukraine: EMSS to produce rolls for Essar Steel

Energomashspetsstal will supply 461.55 tons of supporting rolls for hot-rolled mills to Essar Steel (India).

According to the company statement, it will produce 12 supporting rolls.

The agreement is valid until August 2019.

The rolls will be used in stainless steel rolling. (Ukrainian metal)

Russia: Raspadskaya puts new long face into operation

The Uskovskaya mine of Raspadskaya Coal Company has put into operation a new long face.

Its reserves total 1.7 million tons of coking coal.

The monthly output is planned at the level of 250-270 thousand tons. (Ukrainian metal)

Russia: Grigory Fedorishin elected President of NLMK

Shareholders of NLMK Group at its Extraordinary General Meeting held on March 12 voted to elect Grigory Fedorishin as the Group’s President and Chief Executive Officer (Chairman of the Management Board) for the period until June 8. Previously, NLMK Board of Directors resolved to convene the Annual General Shareholders’ Meeting on June 8, and also…

Russia: China to become co-investor of uranium mine

The Russia-China Investment Fund for Regional Development on March 12 signed an agreement to become a co-investor of construction of a 18.5 billion ruble uranium mine of Priargunsky Industrial Mining and Chemical Union, part of state nuclear power corporation Rosatom’s unit Atomredmetzoloto. The company plans to launch the first stage of the mine in 2023.…

Russia: Omchak preparing to launch operations

The manufacturing complex of the gold-mining company Omchak is getting ready for operation. All the infrastructure has been prepared: roads, sites, electricity line and a settlement for 430 people. Omchak is expected to become one of the major mining companies in Zabaykalye region. The company obtained a right to develop and mine for ore gold…

Ukraine: coal exports up in January-February 2018

In January-February Ukraine imported 4.015 million tons of coal, up by 63% YoY. According to the State Statistics Service, the cost of the coal imported was $516.656 million, up by 44.5%. Russia supplied $304.05 million worth of coal (or 58.85%), USA – $149.5098 million (28.94%), Canada – $48.365 (9.36%) and other countries – $14.733 million…

Russia: TMK happy about Trump’s steel duties

Pipe Metal Company, the major pipe producer in Russia, is awaiting a positive effect for its American subsidiary IPSCO from the duties on steel and aluminum. “We believe that the duties imposed will positively affect IPSCO business, as the company does not import steel as raw materials. As to the other TMK companies, the estimation…