The ChTPZ Group is taking measures to keep the business afloat and protect the health of its employees under the coronavirus pandemic and market volatility. According to the development strategy until 2024, the company intends to save 5 billion rubles by decreasing administrative expenses, optimizing repair processes, logistics and energy provision, as well as implementing…
Krasniy Octyabr Iron and Steel Works has for the first time produced section rolled metal of 51CrV4+QT steel grade. The company specialists have improved this chrome-manganese-vanadium alloy. Such alloys, having a high content of carbon, up to 0.55%, are used to produce components able to operate at the temperature of up to 300 degrees C.…
Mikhailovsky Mining and Processing Works has finished reconstructing its plant to produce granemite components. Investments in 2018-2020 totaled some 120 million rubles. The capacity of the plant increased more than 2-fold, from 15 to 38 thousand tons per year. (Ukrainian metal)
As a result of the quarantine measures, imposed since mid-March, a drop in demand for steel in April-May could reach 25%, according to VTB Capital. A part of products, if they are not affected by additional duties, Russia will be able to export. This will allow companies not to decrease output. In case of a…
Russian companies produced 367.952 tons of gold in 2019, up by 12% YoY, the Union of Gold Producers of Russia reported. Mined gold output went up by 9.5%, to 286.563 tons, by-product gold production increased by 17.4%, to 18.134 tons, and production of gold from processing of scrap and waste rose by 11.6%, to 38.487…
Zaporizhstal received the most VAT returns in March – 859 million UAH, more than twice as much as in February (404 million UAH). According to the State Treasury Service, Zaporizhstal is followed by ArcelorMittal Kriviy Rih. In March the company was paid 579 million UAH, as opposed to 611 million UAH in February. (Ukrainian metal)
In late March – early April, ferrous scrap prices in Ukraine started decreasing. The first decrease happened on March 25 – by 100 UAH per ton, and on April 1 the price dropped by 150 UAH, to 4600 UAH per ton. Thus, the price decreased to its February level. (Ukrainian metal)
Novgorodsky Iron and Steel Works has received certificates of correspondence of its environment, labor and health protection management system to the requirements of ISO 14000:2015 and ISO 45001:2018. The certification audit has been carried out by SGS Vostoc Limited. NMZ has become the sixth RMK enterprise to implement integrated management system. (Ukrainian metal)
