In 2 years Severstal will spend more than 1 billion rubles to modernize the Cherepovets Iron and Steel Works automobile fleet. According to Severstal Russian Steel CEO Yevgeniy Vinogradov, in 2019, 64 units of automobiles were purchased. This year it is planned to buy 27 units. Special machines will provide for the operation of new…
In 2019 average wages in metal industry grew by 14% YoY, to 14,242 UAH. According to the State Statistics Service, in December 2019 salary increased by 5.8% MoM, after falling by 2.9% in November 2019. The salary growth began in spring 2019, when Metinvest and ArcelorMittal Kriviy Rih started increasing wages. Since February 2019 average…
The Supreme Court has refuted the cassation of the Yuzhniy Mining and Processing Works and supported the decision of the Commercial Court of Dniepropetrovsk region and the Central Commercial Court of Appeals to recover 1.3 billion UAH from the company in favor of Spirit Finance LLC. In September 2017 the UGOK shareholders decided to pay…
A new shop to produce ultra-thin electrolytic copper foil will be created in Kyshtym. Russian Copper Company will invest some 3 billion rubles in the project. The thickness of the foil will be 9 to 105 micron, and the annual capacity is expected at 1200 tons. The manufacture will start in the first half of…
Krasniy Octyabr Iron and Steel Works has finished the second stage of the Metso Lindemann Eto Cut 1240-10 shearing press repair. The repair lasted for a month and a half. The specialists have completely replaced the lining of the chamber. The first stage of the repair was carried out in June 2019. (Ukrainian metal)
In 2019 Sverdlovsk Railroad transported 314 thousand TEU containers, up by 21.3% YoY. In particular, transportation of ferrous metals grew the most – by 24.5%, to 13.9 thousand containers. The railroad also transported 198 thousand containers with non-ferrous metals, up by 1.9%, 6.4 thousand containers with refractory materials, up by 8.5%, and 5.9 thousand containers…
In 2019, 1168.4 thousand tons of hot-rolled steel were produced at the thick-sheet Mill 5000 of the Magnitogorsk Iron and Steel Works (MMK). This is the highest annual production rate since the unit was launched. The previous record was set at the mill in 2010, when it produced 1160.5 thousand tons of rolled products. MMK’s…
Kyrgyzstan exported 14 tons of gold to China last year, representatives of the State Customs Service announced at a meeting of the parliamentary committee on fuel, energy complex and subsoil use. According to them, 71% of gold ore mined in the country is transported to China. “In 2018, at least 19,300 tons of ore were…