CIS: pig iron output down in October 2017

In October Russia produced 4.4 million tons of pig iron, down by 11.7% YoY (4.26 million tons in September). In January-October pig iron output totaled 43.136 million tons, down by 15.5% YoY. Ukraine produced 1.655 million tons of pig iron in October, down by 14.6% YoY (1.6 million tons), with 16.121 million tons manufactured in…

Russia: Zarechnaya Coal Company insolvent

The arbitrary court of the Kemerovo region has introduced 6-months bankruptcy proceedings at the Zarechnaya Coal Company.

Sergey Tushkov has been appointed the insolvency administrator. His report is expected on May 7, 2018.

The company accounts payable are 33.4 billion rubles. (Ukrainian metal)

Ukraine: Volynugol miners on strike

On November 27, 21 miners of the Buzhanskaya mine went on strike. The miners of the third and the fourths shifts remained underground. The protest started after salary was not paid. “The Buzhanskaya miners were not paid August salary in full, and only 10% for September, with nothing for October”, the chairman of the Independent…

Ukraine: Mariupol Ilyich carries on with large-scale modernization program

Mariupol Ilyich Iron and Steel Works carries out a major reconstruction program to improve its positions on foreign markets. Thus, the company has signed an agreement with Primetals Technologies Austria for the delivery of machinery to reconstruct the 1700 sheet-rolling shop valued at over $25 million. “The world metal market is changing and we are…

Tajikistan: TALCO to start mining gold

In 2018 the Tajik Aluminum Company plans to start developing the Konchochskay group of deposits. The deposits have large reserves of gold, silver, mercury, antimony and other metals. “In 2018 we will start mining and processing gold, silver and antimony”, the company said. TALCO obtained the license to develop the deposits in December 2015. The…

Russia: Izhstal repair shop turns 100

The metal machinery repair shop of Izhstal is 100 years old. In 1917 the main premises of the repair-mechanical shop were constructed. It also contained a smithy to produce horseshoes, nails, etc. In 1930s the shop organized a welding site, and after that the electrodes manufacture. During the war it produced parts for machine-guns and…

Ukraine: SevGOK sells 1.5 million tons of premium pellets

In January-October Severniy Mining and Processing Works sold 1.5 million tons of high iron content pellets to metal companies of Ukraine and Europe. The high-quality pellets have been produced following the experiments of using concentrate from two mining and processing works – Severniy and Ingulets. As the result iron content increased from 63.8% to 65%.…

Russia: Severstal e-shop named best e-commerce product

The Internet-store of Severstal has been named the Best Internet-project of Russia in 2017.

The e-shop was first unveiled in 2016.

In January-October the store received 950 thousand tons worth of orders.

In 2019 Severstal intends to start exporting through its online-store. (Ukrainian metal)