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Author Archives: admin

Russia: Bar Works Balakovo sets new ladle record

Bar Works BalakovoBy admin21.05.2019Leave a comment

Bar Works Balakovo has set a new record of using steel ladles. The previous record of 127 meltings on average (2018) was exceeded to 133 meltings. At the same time the maximum number of meltings reached 201 (189 in November 2018). This is a record not only for the works, but for all other Russian…

Russia: Moscow Industrial Bank bankrupting Krasniy Sulin Works

Krasniy Sulin Iron and Steel WorksBy admin21.05.2019Leave a comment

Moscow Industrial Bank wants to declare the Krasniy Sulin Iron and Steel Works bankrupt. The works owner Ramzan Isayev plans to invest 52 billion rubles in the rolling line with the capacity of 1.5 million tons of metal per year. The investor owes the bank over 2.11 billion rubles, while the project is still in…

Ukraine: Ferrexpo to squeeze-out PGOK minor shares

Ferrexpo, PGOK, Poltava GOKBy admin21.05.2019Leave a comment

Ferrexpo AG will squeeze out Poltava Mining and Processing Works shares from minority shareholders. The price of each share will be 34.24 UAH with their nominal cost of 9.96 UAH. Ferrexpo AG owns 189,313.087 million ordinary shares, or 99.11% of PGOK. (Ukrainian metal)

Ukraine: antidumping investigation on hot-deformed pipes from China started

antidumpingBy admin21.05.2019Leave a comment

Ukraine has started an antidumping investigation on the import of steel seamless hot-deformed pipes from China. The investigation was initiated by Interpipe Niko Tube. The Ministry of Economical Development and Trade has been tasked with the investigation. (Ukrainian metal)

Russia: MMK representative recognized as one of best procurement directors

MMKBy admin21.05.2019Leave a comment

Pavel Vasev, Head of Procurement at Magnitogorsk Iron and Steel Works (MMK), became the winner of the “Best Procurement Director” award for 2019. Large-scale changes in procurement activities carried out at MMK have significantly improved the efficiency of the company’s supply chain. This is the second year in a row that the rating of procurement…

Russia: Darasunsky Mine resumes processing factory operation

goldBy admin21.05.2019Leave a comment

In early March, Darasunsky Mine LLC put into operation its processing factory in Tungokochensky district of Zabaikalye region in test mode. The project to process Darasun ores is in the development. By Q3, the company plans to have commissioned the full cycle of processing. So far the factory has processed 3973 tons of ore and…

Russia: gold output in Magadan region up in January-April 2019

gold, silverBy admin21.05.2019Leave a comment

As of May 1, Magadan region has extracted 9065.1 kg of gold and 213.4 tons of silver. Gold output grew by 3404.3 kg YoY, while silver fell by 16.8 tons. Tenkinsky city district yielded the most ore gold – 6171.5 kg, while alluvial gold was extracted in Susuman, Yagodinsky and Tenkinsky districts. Omsuchanksy district was…

Russia: KMEZ assembles new cranes in copper foil shop

Kyshtym Electrolytic Copper PlantBy admin21.05.2019Leave a comment

Kyshtym Electrolytic Copper Plant has assembled two bridge remote-controlled cranes in its copper foil shop, which is currently under construction. The new machinery with the lifting capacity of 10 tons was produced by Verta. When the two cranes are commissioned, the two old 5-ton cranes will be disassembled. (Ukrainian metal)

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