Latvia: Liepājas metalurgs equipment sold for 1.6 million euros

Smart Stahl GmbH (Austria) has confirmed the purchase of the rolling mill from the insolvent KVV Liepājas metalurgs for 1.6 million euros.

The equipment will be handed over to a trade company, created by Smart Stahl.

The deal will be finalized in early May. (Ukrainian metal)

Kazakhstan: AMT shut down

On March 31 the operation of ArcelorMittal Temirtau was completely stopped because of the industrial accident. According to local media, the air duct and the nitrogen pipeline were damaged and fell to the ground at the length of 1 km. There were no casualties. All the rolling shops, sintering machines Nos. 6 and 7, blast…

Russia: Magnezit profit up in 2017

In 2017 the Magnezit Combine received 140.025 million rubles of net profit, up 3.7-fold YoY.

In 2016 the net profit totaled 38 million rubles.

Last year the revenue of the company grew by 10% YoY, to 6.9 billion rubles.

Sales profits rose 1.6-fold, to 765 million rubles. (Ukrainian metal)