The site of free advertisements Avito.ru now has an unusual lot. A plant to produce metal structures in Ulan-Ude, the capital city of Buryatia, is up for sale. The capacity of the bankrupt works is 40 thousand tons of metal structures per year. The cost of the enterprise is 528.6 million rubles. At first the…
The Federal Agency on Technical Regulation and Metrology (Rosstandard) has approved three new standards on metal products made of aluminum and alloys. In particular, from February 1, 2020 instead GOST 20967-75 a new GOST 20967-2019 “Aluminum alloys rolled wire. Technical Specifications” will be introduced. From December 1, a new GOST 13843-2019 “Aluminum rolled wire. Technical…
Russian Platinum and Norilsk Nickel have submitted documents on creating a joint venture to the Federal Antimonopoly Service. The JV will be organized to create on Taimyr one of the largest platinum manufacturers in the world. Combined investments will total some $5 billion. The deal could be concluded in mid-2020. The JV will comprise Maslovskoye,…
In September Ukraine exported 3.2 million tons of iron ore and concentrate, down by 1.8% MoM, valued at $400 million, down by 2.4%. According to the State Tax Service, in January-September exports totaled 30.4 million tons valued at $2.8 billion. Exports in August grew by 4% MoM, to $409.9 million, or 3.9 million tons, up…
In September Electrostal produced 1 thousand tons of billets and once again shut down its manufacture because of the unfavorable market situation. In January-September output decreased 3.3-fold YoY, to 73 thousand tons. From January till mid-March the company was idle, but after it resumed operation it worked only at one third of its capacity, In…
Russian steelmaker Novolipetsk Steel (NLMK) and Belgian fund Sogepa plan to invest 100 million euros each in the development of NLMK Belgium Holdings (NBH), in which they own a 49% stake each, between 2019 and 2021, NLMK said in a statement on October 10. “Funds allocated to NBH will go towards the execution of Strategy…
In January-September Ukraine increased iron ore raw materials exports by 10.4% YoY, to 30.372 million tons valued at $2.774 billion, up by 32%. According to the State Fiscal Service, the main customers were China (32.44%), Poland (12.22%) and the Czech Republic (9.81%). In 9 months Ukraine imported 6.052 thousand tons of iron ore raw materials…
Novocherkassk Electrode Works, a part of EPM, has finished constructing a RiedHammer circular furnace in the pelletizing shop. The construction began last autumn. At present the furnace is being dried. The process will last till early November. Over 150 people were engaged in the construction. 400 trucks with materials (refractory bricks, as well as cement…
