Russia: Ferrum expands product range

The Ferrum Company has started selling hot-rolled flanged beams with the size of 18-50 mm.

The company also carries stocks of other beams made of S255 and S345 steel.

The availability of new products will allow completely covering the need of rolled metal from construction companies for the manufacture of metal structures. (Ukrainian metal)

Ukraine: Smart Maritime wins at UGOK tender

The Smart Maritime Group has won a tender to supply a thickening tank to Yuzhniy Mining and Processing Works. The project will start in March. Its cost will amount to 175 million UAH. The designer of the thickener is Engineering Dobersek GmbH (Germany). The total weight of the metal structure with 3 tanks of 10.9…

Ukraine: ZZhRK to pay 850 million UAH of dividends

Shareholders of Zaporozhye Iron Ore Complex decided to pay 850 million UAH of dividends.

According to the company statement, the dividends will be paid from March 20 till July 27.

The dividends will be paid for 2014.

In 2016 the company increased net profit by 87.19% YoY, to 434.449 million UAH. (Ukrainian metal)

Russia: ZEMZ starts producing new size slabs

Zlatoust Electrometallurgical Works has expanded its product range.

The 1150 mill in the rolling shop No. 1 started producing slabs with the size of 140×450 mm of exceptionally hard heat-resistant iron-nickel-based alloy.

This is the first time that the company produces billets in this size. (Ukrainian metal)

Russia: KZOTsM starts manufacturing new products

In February Kirov Non-Ferrous Metals Processing Works has started manufacturing a new import-replacing product – cold-rolled copper plates. They are used in ferrous metallurgy when producing crystallizers and are mostly imported from Europe. The company plate-straightening machine EZW43Q-90*1300 provides for straightening of sheets and plates with the thickness of 20-90 mm, while the band saw…

Russia: VIZ-Stal decreases power intensity of transformer steel manufacture

In 2017 thanks to the energy efficiency improvement program VIZ-Stal decreased specific power intensity of transformer steel manufacture by 4.3%, to 7.63 Gcal per ton. In the past 5 years this parameter has decreased by 18%. Implementation of new techniques, replacement of outdated machinery, projects of resources saving and manufacturing processes optimization allowed the company…

Ukraine: Metinvest buys some Avdiivka Coke shares

Private limited company Metinvest B. V. has increased its share in Avdiivka Coke and Chemical Works from 87.7581% to 94.6003%.

The company bought the shares on the secondary market.

The Metinvest B. V. share in the voting shares of the company totaled 95.1176%.

The Avdiivka Works charter capital is 485.75 million UAH. (Ukrainian metal)

Russia: Mechel net losses up in 2017

In 2017 Mechel increased its net loss 1.9-fold YoY, to 15.2 billion rubles. According to the company statement, its revenue decreased 2.1-fold, to 5.99 billion rubles, gross profit dropped 4.1-fold, to 3.05 billion rubles, and sales profit – 7.3-fold, to 1.5 billion rubles. Other income grew 2-fold, to 15.3 billion rubles. The company fixed liabilities…

Russia: Vysochaishiy relocates to new office

Vysochaishiy (GV Gold) has relocated to a new business-center in Moscow situated on the Kadashevskaya Embankment Street. According to the company statement, the agreement to lease 1.3 thousand square meters was concluded with BASF in November 2017. The company occupies the whole floor of the office block. Vysochaishiy is among top-15 gold-mining companies in Russia.…