Uzbekistan lacking rolled metal

This year Uzbekistan will additionally buy 50 thousand tons of rolled metal and 20 thousand tons of raw materials. The President of Uzbekistan Shavkat Mirziyoev has signed a decree “On measures to provide for additional needs of the republic in ferrous rolled metals and metallurgical raw materials”. Uzbekistan Temir Yullari (state railroad company) will import…

Russia: Metalloinvest to sell all its Nornickel shares

Metalloinvest Cyprus Ltd. intends to sell 28.38 million ADR of Norilsk Nickel, or 1.79% of the total stock.

These are all Metalloinvest shares in Nornickel.

In 2016 Metalloinvest sold 1.4% of Nornickel shares for $341.7 million. (Ukrainian metal)

Russia: Severstal-Balakovo ships 2 million tons of metal

Severstal – Balakovo Bar Works has shipped 2 million tons of metal. The 2-millionth ton was produced in late June.

The company produces and sells billets and construction bars. The anniversary ton of rebars No. 8 has been supplied to the metal trading company StroyMetProfil in Moscow region. (Ukrainian metal)

Russia: MMK modernization decreases electricity consumption

Schneider Electric has finished modernization of the automatization and electricity supply system in the smoke exhaust department of the oxygen-converter shop of Magnitogorsk Iron and Steel Works. This allowed MMK to decrease electricity consumption by 36% and provide for faultless operation of the important technological site. “This is the first project of energy efficiency improvement…

Russia: Kuzbass coal output up in H1 2017

In January-June Kemerovo region enterprises increased coal output by 10% YoY, to 118.3 million tons, with exports up by 15%. The highest growth was demonstrated by SUEK-Kuzbass (by 1.8 million tons), Kiyzassky Open-Pit (by 1.7 million tons), Kuzbassrazrezugol (by 1.2 million tons), Raspadskaya Coal Company and Stroyservice (by 1.1 million tons each). Coal deliveries to…

Russia: ChTPZ to supply pipes to Georgia

ChTPZ Group will supply some 400 tons of steel pipes and over 25 tons of offsets to the Georgian Gas Transportation Company. The batch will include large diameter welded pipes, as well as seamless hot- and cold-deformed pipes and 60 types of offsets. All the products will be supplied in July. The pipes will be…