Russia: NLMK replacing locomotives

Novolipetsk Iron and Steel Works has started the program to replace the locomotive fleet, under which the company has already received 3 new TEM9 locomotives. Such machines have not previously been used by the company. They will replace the outdated TEM1 locomotives. In the next 5 years NLMK railroad fleet will get 27 new locomotives,…

Ukraine: Cabinet to send women to mines

The Cabinet of Ministers asks the Verkhovnaya Rada to cancel the prohibition for women to work in harmful conditions and underground. The corresponding decision was taken at the government meeting on May 10. In particular, it was suggested to eliminated a certain clause in the Labor Code and denounce the International Labor Organization convention on…

Ukraine: AMKR to get Sumy pumps

Sumy Machine-Building Scientific Enterprise has produced liquid-packet ring pumps for ArcelorMittal Kriviy Rih.

The capacity of the pumps is 300 cubic meters per second.

AMKR will receive 3 pumps.

The weight of each machine is 13 tons. (Ukrainian metal)

Russia: RUSAL revenue up in Q1 2018

The revenue of the Russian aluminum giant UC RUSAL rose by 19.5% YoY, to $2.744 billion in January-March, the company said on May 11. Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) grew by 20.4%, to $572 million. RUSAL also said that its previous forecasts for its operations were already irrelevant due to the…

Ukraine: Krasnolimanskaya mine included in the privatization list

The state enterprise Krasnolimanskaya Coal Company (Donetsk region) has been included in the list of 26 enterprises to be privatized, as approved by the government.

The enterprise is subject to the Ministry of energy and coal industry and is being privatized under the decree “On the peculiarities of privatization of coalmining enterprises”. (Ukrainian metal)

Russia: Severstal-Metiz exports up in Q1 2018

In January-March Severstal-Metiz increased exports by 44% YoY.

This was a record-high result in the past 5 years.

Most of the customers were from the EU.

The main export items were the products of high-carbon steel grades. (Ukrainian metal)

Ukraine: AMKR masters manufacture of new products according to Israeli standards

ArcelorMittal Kriviy Rih has mastered the manufacture of a new product according to the Israeli standards – the vanadium-alloyed weldable rebars S500W 25 mm. The first batch of such rebars weighing 1 thousand tons has already been shipped to Israel from the Nikolaev Trade Sea Port. The main advantages of these rebars are their weldability…

Ukraine: Metinvest reduces debt

Metinvest, the vertically integrated group of steel and mining companies, has repaid a part of its pre-export finance (PXF) facility ahead of schedule and demonstrated its commitment to reducing its debt further following the successful completion of the debt refinancing in April. That transaction, the largest ever of its kind by a Ukrainian corporate, refinanced…