Russian metals giant Norilsk Nickel still plans to hold an initial public offering (IPO) of its Bystrinsky project, in which it owns 50.01%, in 2020, a company representative reported. “We are working on the project. We plan to present updated information on the IPO at the end of this year,” the representative said. Currently, the…
Metinvest has invested 4.6 million UAH in the replacement of special machinery used to repair railrod at Azovstal Iron and Steel Works. In particular, an all-purpose on-track machine has been purchased. The machine is used to repair railroad. “The length of the railroad at our plant exceeds 300 km. The new machine will serve us…
Under the “Working conditions” program, Metinvest is gradually improving the amenities at its enterprises. Thus, after capital repairs the Metinvest-Promservice has received another bath with the size of 200 square meters in the sinter machinery repair shop. Over 2 million UAH were invested in the project. This year Metinvest has already spent 20 million UAH…
In January-June Pobuzhye Ferronickel Plant LLC decreased ore processing by 15.5% YoY, to 573.75 thousand tons. Ferronickel output dropped by 8.5%, to 32280 tons, or by 18.7%, to 6.1 thousand tons of nickel. The main reason of the decrease is the work with lower capacity due to the elimination of consequences of the machinery malfunction…
The cracked tiles shall be replaced, the deformed areas shall be repaired, and the project to improve the pedestrian walkway along Metallurgov Avenue near Bogdan Khmelnitsky Park shall be completed, ArcelorMittal Kriviy Rih insists. The company reserved UAH 10 million for this project; the works started in April, but were suspended in May after the…
ArcelorMittal Kriviy Rih has concluded an agreement on financial leasing with OTP Leasing for the purchase of 4 CZ Loko locomotives. The EffiShunter 1600 machines with the combined cost of EUR 9 million will be supplied in 2020. “CZ Loko is one of the major railroad machinery enterprises in Central Europe. Our company will be…
In January-June Severstal purchased 12.2 billion rubles worth of goods and services from the Vologda region enterprises, up by 5 billion rubles YoY. The share of the region in the group combined procurement reached 17%. The increase is due to the major investment program at Cherepovets Iron and Steel Works. (Ukrainian metal)
Chelyabinsk Iron and Steel Works has started manufacturing a new product at its rail and beam mill – the SVN 27 mine props. These products are in constant demand on the market. When assembling the SVP 27 props, the ChMK produced SVP 22 sections are also used. “This is the 72nd size of the product…