In September Izhstal increased steel and rolled metal output. In particular, steel manufacture grew by 3% YoY, to 18.3 thousand tons, and rolled metal – by 4.5%, to 29.8 thousand tons. The company has mastered the manufacture of 800 steel grades. It can produce rolled metal with round (6.5-200 mm), square, hexagonal and strip sections.…
By the decision of the World Steel Association members at the annual meeting the Corporation of the Ferrous Metals Manufacturers (Chermet Corporation) has been accepted as an affiliated member. This category is reserved for industry associations, as well as scientific and technical organizations acting in the interest of developing the metal industry. The membership in…
Cherepovets Iron and Steel Works (CherMK), one of the largest integrated steel plants in the world (a part of Severstal’s Russian Steel division), has announced plans to increase the amount of electricity it generates using by-product industrial gases. CherMK consumes 5.9 billion kWh of electricity per year, 78% of which the plant generates itself. As…
Metalloinvest has signed an agreement with MUFG for ECA-backed financing in the amount of EUR 9.9 million. The loan will be used for the technical re-equipping of CCM-3 at OEMK, with the equipment supplied by Inteco melting and casting technologies GmbH. Insurance cover will be provided by Oesterreichische Kontrollbank AG, the Austrian export credit agency.…
In January-September TMK decreased pipes sales by 2% YoY, to 2.93 million tons, mostly due to the drop in sales in the American division. Sales of seamless pipes went down by 1%, to 2.003 million tons, and welded – by 5%, to 927 thousand tons. Sales of OCTG pipes decreased by 4%, to 1.364 million…
In January-September Tulachermet decreased pig iron exports by 7.2% YoY, to 1.37 million tons. In particular, deliveries to the USA dropped by 8.6%, to 877 thousand tons, and to Turkey – by 28.5%, to 110 thousand tons. At the same time exports to Spain resumed (they were stopped in October 2017) and reached 90.2 thousand…
Russian gold production rose by 11% YoY, but fell by 12.8% MoM in September, the Federal State Statistics Service said in a report. In January-September gold production grew by 20.2% YoY. No absolute figures were disclosed. (Prime/Ukrainian metal)
The Antimonopoly committee of Ukraine has fined Corum Ukraine for 53 million UAH and the scientific and manufacturing company Mining Machines for 3.3 million UAH for the breach of the legislation on economic competitiveness protection. The AMCU found out about the violations at the three auctions held by the state enterprise Lvivugol, in which the…
