ArcelorMittal Kriviy Rih will continue the environmental modernization of its converter shop. The company has signed a contract with Danieli Corus (the Netherlands) for the reconstruction of gas cleaning installations of converters Nos. 1-3. Updating gas cleaning of all six converters is one of the key environmental projects of the plant, the total cost of…
In January-November Ukrainian seaports transported 144.3 million tons of cargo, up by 9 million tons from the whole 2018 result. According to the Association of Seaports of Ukraine, 33.6 million tons of iron ore were transported in the period, up by 30% YoY. In November ore transportation totaled 12.9 million tons. (Ukrainian metal)
Tata Power, India intends to invest 750 million in the development of the Krutogorovskoye coal deposit in Kamchatka. Far Eastern Natural Resources LLC, Tata Power daughter company, won a license to develop the deposit in December 2017. The first stage will be carried out until September 2020. Investments will reach 420 million rubles ($6.6 million).…
Urals Mining and Metallurgical Company has attracted a syndicated loan of 200 million euros. 9 banks provided the funds. The loan is provided for 4 years. There is an option to increase the volume to 300 million euros. The funds will be used to re-finance the current debts. (Ukrainian metal)
In November Kazakhstan produced 382.145 thousand tons of steel, up by 259.2% YoY. In 11 months output totaled 4.093 million tons, up by 3.8% YoY. According to the Ministry of the National Economy, flat rolled metal manufacture grew by 17.8% in November, to 125.856 thousand tons, but dropped by 25% in 11 months, to 1.86…
In January-November Rusolovo exceeded its output target by 30%, having produced 2,012.7 tons of tin concentrate, up by 52.2% YoY. This year the company is modernizing its assets. Some 1.4 billion rubles will be invested in the Solnechnaya Factory modernization. And 11.7 billion rubles are needed for the construction of a mining and processing works…
In January-November the foreign trade turnover of Lipetsk region totaled $3.451 billion. Exports accounted for $2.986 billion, and imports – for $464.9 million. The share of NLMK in exports was 81.6%. At the same time, ferrous metals imports accounted for 5%. (Ukrainian metal)
NLMK Group, an international steelmaker, was ranked third in the Top 20 Energy Efficient Companies annual ranking, compiled by Expert RA based on performance data for 600 leading Russian companies. Sergey Chebotarev, NLMK Group Vice President for Energy, said: “Steelmaking is an energy-intensive industry, where expenditure on energy in integrated companies reaches 10-12% of production…