In January-September Azovstal Iron and Steel Works decreased rolled metal output by 5% YoY, to 2.883 million tons. Steel manufacture dropped by 2.8%, to 3.079 million tons, and pig iron – by 10.3%, to 2.623 million tons. In September Azovstal produced 318 thousand tons of rolled metal, 345 thousand tons of steel and 301 thousand…
The department of the domestic market protection of the Eurasian Economic Committee has suggested introducing a 5-year antidumping duty on galvanized rolled metal imported from Ukraine and China. The investigation was initiated by MMK, NLMK and Severstal. EEC analyzed the market situation from January 1, 2015 to June 30, 2019. In the period the increase…
Within implementation of integrated strategy in terms of cooperation with local communities, ArcelorMittal Kriviy Rih is allocating over 400 million UAH for construction of a modern cancer center in the city. A respective memorandum has been signed by the company’s CEO Paramjit Kahlon, Head of Committee on Public Health, Medical Assistance and Medical Insurance of…
Russian coal producer Raspadskaya, a part of steel and mining giant Evraz, has launched production at a new longwall of the Raspadskaya mine with commercial reserves standing at about 3 million tons of coking coal, the company said in a statement on October 8. Raspadskaya expects production of the longwall to reach 600,000 tons already…
Siberian Coal Energy Company (SUEK) plans to accept bids for at least 10 billion rubles of 10-year exchange bonds on October 11, a banking source reported. The first coupon guidance is set at 7.4-7.5% annually, which corresponds to a 7.54-7.64% annual yield to 4-year put. The issue carries semiannual coupons. The technical placement is scheduled…
The combined profit of Amur Minerals, developing the Kun-Manye deposit in Amur region, in January-June totaled $924 thousand as opposed to a loss of $3.6 million in H1 2018. The result was mostly due to the currency exchange rate fluctuations. Moreover the company was able to decrease prospecting expenses to $161 thousand from $1.3 million.…
In August the shop No. 5 of Electrocable manufactured 400 million rubles worth of cable products. This is the maximum output level in the whole company history (since 1915). Since the start of the year the monthly cable output at the shop on average has been 300 million rubles. The result is due to modernization…
Severstal started assembling the coke dry quenching machine at the construction site of the coke-oven battery No. 11 with the coal charge ramming technique of Cherepovets Iron and Steel Works. The cost of the investment project is some 33 billion rubles. The three quenching units will have a combined capacity of 90 tons per hour.…