In March 113.3 million tons of cargo were transported by railroad, up by 0.5% YoY. In Q1 transportation grew by 0.7%, to 318.7 million tons. In particular, in three months Russian railroad transported 29.3 million tons of iron and manganese ore, up by 7.7%. The transportation of ferrous metals dropped by 1.7%, to 19.4 million…
Mechel-Service has supplied 750 tons of beams for the construction of a winter sports center in Irkutsk. This will be the largest center of its kind in Siberia and the Far East with the capacity of 6 thousand spectators. Investments will exceed 6 billion rubles. The hot-rolled construction beam, supplied by Mechel-Service, was produced at…
Denisovskaya factory set an absolute record of coal processing on March 27. The factory processed almost 22 thousand tons of coal. The day before, on March 26, another record was set at the factory – Denisovskaya mine extracted 4500 tons of coal. (Ukrainian metal)
In 2018 Buryatzoloto, the largest gold-mining company in the Republic of Buryatia, investments totaled 1.74 billion rubles, up by 3% YoY. Most of the funds – 725 million rubles – were spent on development and new technologies of the Irokinda and Kholbinsky mines. 600 million rubles were invested in modernization of the manufacturing capacities and…
NLMK Group, a global steel company, has begun hot testing of its accelerated cooling system at NLMK DanSteel’s hot-rolling plate mill in Denmark. The new equipment will fundamentally change the company’s product mix and increase the share of niche plate, including for offshore wind power generation and pressure vessels. The new accelerated cooling system is…
A company belonging to Said Kerimov is placing about 4.67 million shares, or a 3.5% stake in Russian gold producer Polyus, on the secondary market. The offering is proceeding with an accelerated book building. VTB Capital, Gazprombank, Goldman Sachs, J.P. Morgan and Sberbank CIB act as the organizers. (Prime/Ukrainian metal)
The Ministry of Economic Development and Trade is initiating an antidumping investigation on the import of some Russian steel ropes. The ministry received a complaint from a Ukrainian manufacturer, claiming that in 2016-2018 imported Russian steel ropes price was below the prime cost of similar products. In 2018 the imports of Russian ropes grew by…
ArcelorMittal Kriviy Rih intends to increase 6% moisture coke manufacture by 6% YoY, to 2.878 million tons. A special car to quench coke valued at 8.8 million UAH is being assembled at the company. Together with work investments totaled 10 million UAH. The car was produced by Dneprotyazhmash. The new car will be used at…