Russia: MMK presents innovative technologies in Moscow

Magnitogorsk Iron and Steel Works (MMK) is taking part in the 22nd Archimedes Moscow International Salon of Inventions and Innovative Technologies. This year, MMK’s innovative potential is showcased by four patented technologies in the field of cold-resistant metal rolling designed for icebreaker fleets, marine and engineering equipment used in the Arctic. The competitive advantages of…

Ukraine: Rada committee calls on PM, SBU, NSDC to keep sanctions against Moldova steelmaker

Head of the Verkhovna Rada committee on industrial policy and entrepreneurship Viktor Halasiuk has appealed to the Ukrainian Prime Minister, the SBU Security Service of Ukraine and the National Security and Defense Council (NSDC) to keep recently lifted sanctions from the Moldova Iron and Steel Works (MMZ) located in the unrecognized Transnistria and owned by…

Russia: Karabashmed finishes converter site modernization

Karabashmed is finishing a large-scale modernization of the converter site at the metallurgical shop.

The last of the three Kumera converters has been assembled.

All the work is expected to be finished in Q2.

At the same time in the sulfuric acid shop the company is assembling 4 new moist electric filters. (Ukrainian metal)

Ukraine: pellets exports in January-February 2019

In January-February Ferrexpo exported 1758.3 thousand tons of iron ore pellets. In particular, Poltava GOK shipped 1470.3 thousand tons and Yeristovo GOK – 288 thousand tons. Metalloinvest (Russia) exported 959.3 thousand tons of pellets, including Mikhailovsky GOK – 816.7 thousand tons and Lebedinsky GOK – 142.6 thousand tons. Metinvest shipped 715.4 thousand tons of pellets…

Russia: KZOTsM losses up in 2018

In 2018 Kirov Non-Ferrous Metals Processing Works received 154.8 million rubles of net losses, up 6-fold YoY.

At the same time, in 2016 the company received 130 million rubles of net profit.

Revenue last year totaled 9.16 billion rubles, up by 4%.

Sales profit dropped more than 3-fold, to 57 million rubles. (Ukrainian metal)

Russia: Raspadskaya mines 2 million tons of coal

Since the start of the year Raspadskaya mine has extracted 2 million tons of coal.

In 2018, 2 million tons were mined in April.

This year it is expected to mine 6.5 million tons of coal. (Ukrainian metal)

Russia: S&P places TMK’s rating on list for possible upgrade

International rating agency S&P Global Ratings (S&P) has placed B+ long-term ratings of pipe producer TMK in foreign and local currency on the list for possible upgrade, the agency said in a statement.

The rating decision followed the announcement of a sale of TMK’s affiliate in the U.S. IPSCO Tubulars. (Prime/Ukrainian metal)

Kyrgyzstan: Russia to invest $30 million in re-launch of KBMP and uranium mining

Central Asian Uranium Company will invest in Kara-Balta Mining Plant OJSC (KBMP) and uranium mining at Kyzyl-Ompol deposit. Representative of Russian shareholders Andrey Akimov, General Director of KBMP Daniyar Isakov and Vladimir Popov, the main shareholder of the Central Asian Uranium Company, announced at the Kyrgyz-Russian Interregional Conference. According to them, with the support of…