Russia: Saratov Works declared insolvent

Saratov Works of Reservoir Metal Structures has been declared insolvent. During the supervisory procedure, which has lasted since the beginning of the year, the insolvency officer has analyzed the company financial activity and decided that it will be impossible to restore solvency, as debts reach 1.26 billion rubles. The works was created in 1947 as…

Russia: KMEZ to assemble new gas-purifying equipment

Kyshtym Electrolytic Copper Plant will assemble a new complex on MAERZ furnace gas purifying valued at 200 million rubles.

Purification will reach 99%, and the total square of filtration will be 4.5 thousand square meters.

The new gas-purifying equipment will be commissioned in H2 2018. (Ukrainian metal)

Ukraine: Corum Druzhkovka output up in 2017

In 2017 Corum Druzhkovka Machine-building Works increased output by 122% YoY. According to the company statement, the expected volume of products manufactured this year will be 757 million UAH. Loading of the company capacities this year has increased by almost a quarter, to 123%. In 11 months the works received 353 orders for the manufacture…

Ukraine: AMKR keeps improving living conditions of Zhukovka citizens

PJSC ArcelorMittal Kriviy Rih continues to resettle the residents from the area of possible displacement of the earth surface in the Saksaganskiy district of Kriviy Rih and is ready to purchase every household located in the streets Lavrenyova and Chistopolskaya (“Zhukovka settlement”), at the price of 425 thousand hryvnia providing the conclusion of the sales…

Uzbekistan: Kazakh companies eyeing mining projects

Kazakhstan’s companies specializing in geological exploration are ready to work in Uzbekistan, the general director of the Kazakh-Australian company “Aurora Minerals Group” Kaisar Kozhamuratov said at the 10th international conference “Uzgeoinvest-2017”. “Uzbekistan has always been interesting for us from the point of view of geological exploration, since there are a lot of large deposits here.…

Russia: Izhstal improving stainless steel manufacture technique

Izhstal has started manufacturing stainless steel with nitrogen alloying on secondary metallurgy units (external steel treatment). This technique improves steel plasticity and manufacture efficiency due to the decrease of alloying elements and azoted ferroalloys. Such metal products are used in shipbuilding, automobile, oil and gas and other industries. The company can also continuously cast over…

Russia: Krasniy Octyabr to fire employees

The authorities of the city of Volgograd have announced that they are preparing for the decrease of jobs at the Krasniy Octyabr Iron and Steel Works.

Since February 2018 some 177 employees will be fired.

Of them 11 are engineer-technicians, and 166 electrical engineers and gas and arc welders. (Ukrainian metal)