Nadezhdinsky Iron and Steel Works has confirmed its correspondence to the requirements of the Russian Marine Registry. The company can produce rolled metal for shipbuilding of normal A strength steel, as well as improved A32 and E36 steel grades. The company makes square billets and blooms of this steel. Last year shipbuilding companies received 1.3…
Kyshtym Electrolytic Copper Plant has produced 1 million tons of copper wire rod since its new shop was commissioned in 2007. Since mid-1990s the company has been producing copper wire rod using the Finnish oxygen-free technique of vertical casting. The capacity of the site was some 10 thousand tons of wire rod per year. With…
In January-February Amurstal shipped 121.7 thousand tons of metal via railroad, up from 106 thousand tons as planned. Sales grew both to the local market and abroad. According to the company CEO Sergey Kuznetsov, Amurstal can increase output to 80-85 thousand tons of metal per month, thus reaching 1 million tons per year. (Ukrainian metal)
According to the Statistics Committee, in January-February Kazakhstan produced 74.1 thousand tons of copper, up by 5.4% YoY. Zinc manufacture dropped by 4%, to 52 thousand tons, and zinc concentrate output – by 31.8%, to 29.8 thousand tons. Bauxite production fell by 19.2%, and lead concentrate – by 8%. Kazakhstan extracted 126.3 tons of silver,…
In 2019-2022 demand for large diameter pipes in Russia will remain at the level of 1.9-2.1 million tons. According to TMK, last year pipe consumption grew by 25%, to some 2 million tons. Gazprom will be the main buyer, accounting for 63-66% of all purchases. The second largest consumer – the state company Transneft –…
In 2081 ArcelorMittal Kriviy Rih received $0.35 billion of net profit. Net income from the sale of goods totaled $2.5 billion. Investments last year reached $443 million. “Among the major investment projects is the construction of two new continuous casting machines ($144 million) and a complex of coke-oven batteries Nos. 5 and 6 ($160 million),…
Ukraine has removed sanctions from Moldova Iron and Steel Works. Even though the works belongs to the Transnistria Moldavian Republic, but actually it is controlled by Russian Metinvest. The works was entered into the sanctions list on June 21, 2018. Prior to sanctions Ukraine supplied 80% of its exported scrap to the works. (Ukrainian metal)
In 2018 Metinvest purchased 23.71% of Yuzhkoks shares for $30 million. The group also bought 24.99% of Pokrovskoye mine group and Svyato-Varvarinskaya Processing Factory and 100% in Unisteel for $190 million, the latter owning the galvanizing line with the capacity of 100 thousand tons per year. “The acquisition of these shares will provide for a…
