The medium-section shop of Evraz ZSMK has produced 50 million tons of rolled metal since commissioning of its mill-450. The mill-450 was put into operation in 1976 as one of the largest rolling mills of the USSR. Now the shop produces around 600 thousand tons of construction rolled metal per year. Evraz ZSMK is the…
In late April – early May, Ukrzaliznytsia announced new auctions to sell scrap. In particular, the company will sell 8 lots of scrap with the combined volume of 47.9 thousand tons through the Prozorro system. The first three lots, announced on April 27, will be auctioned on May 10. Another 5 lots, announced on May…
Chelyabinsk Pipe-Rolling Works has purchased a part of its own shares in order to decrease its statutory fund. The price of the buyback was 114.42 rubles per share. The total number of shares reached 166,666,132. The company has to pay for the shares not later than on May 21. The seller was Pervouralsky Pipe Works,…
In January-April, Ukraine received $3.18 billion from the exports of ferrous metals, down by 8.8% YoY. According to the State Fiscal Service, ferrous metals accounted for 19.44% of the total exports as opposed to 22.57% last year. In April revenue from the exports of ferrous metals totaled $764.49 million. In 4 months Ukraine decreased ferrous…
The supervisory board of Dneprospetsstal at the meeting on April 24 relieved the acting chairman Vitaly Korniyesvky of his duties from April 30. Sergey Kiyko, the first deputy, financial director, has been appointed a new acting chairman from May 1. Moreover, on April 23, shareholders completely changed the revision commission. Instead of Crascoda Holdings Limited…
Belarus Iron and Steel Works has borrowed 5 million euro and $8 million from Novikombank, Russia. The funds are provided to purchase raw materials among other things. The parties have been cooperating since 2012. (Ukrainian metal)
“Development of uranium brings more harm than economic benefits,” Orozbek Duisheev, head of the Association of Mining Operators and Geologists of Kyrgyzstan, said at public hearings on May 7. According to him, there is no uniform policy in the mining industry today. In the end, everyone does what he wants. And as the result, as…
As of May 3, Polyus Aldan has produced 2 tons of gold, almost 10 days earlier than last year. The company is able to extract 70% of gold from ore with low gold content. This year Polyus Aldan will turn 95. (Ukrainian metal)
