In 2018 Dneprospetsstal received 428.45 million UAH of net losses as opposed to 61.02 million UAH of net profit in 2017. The uncovered losses as of the end of 2018 totaled 2.35 billion UAH. The company current liabilities dropped by 56.9%, to 2.12 billion UAH. At the same time fixed liabilities grew 2.9-fold, to 4.73…
ArcelorMittal Kriviy Rih will continue the modernization of its strategic energy infrastructure. Recently several contracts have been concluded. One of them is the supply of a new 16B cooling tower. It is needed to cool the power plant, blast furnaces and compressor station water. The tower is expected to be put into operation this summer.…
In 2018 Pobuzhye Ferronickel Plant increased ore processing by 11.8% YoY, to 1.431 million tons. According to the company CEO Oleg Bespalov, this equals to 77 tons of ferronickel, up by 6.2%, or 15.8 thousand tons of raw nickel, up by 3.4%. This year PFK intends to process 1.572 million tons of ore and extract…
Krasniy Octyabr Iron and Steel Works has mastered the manufacture of a new product – bar of high-alloyed, corrosion-resistant steel of EP 54 grade (08X21H6M2T). Previously of this steel the company manufactured only sheets. The technique allows producing hot-rolled bars with the diameter of 65 to 200 mm. (Ukrainian metal)
Chepets Mechanical Works has received a Russian patent for the HighMet wire and the technique to produce it. The technique is used to produce, among other things, calcium injection wire. The technique was developed several years ago. Now the company is the only manufacturer of such wire of its own electrolytic calcium in Russia. “We…
Severstal-Metiz has completed a program to replace shop and outdoor lighting system at its manufacturing sites in Cherepovets, Orel and Volgograd. In 2018 the company energy engineers were replacing old lamps with LED-lamps. The new lamps are 3 times more efficient and do not require repair. Because of modernization the company expenses on lighting decreased…
According to the Federal Service of State Statistics, in January-February Russia produced 749 thousand tons of metal structures, up by 26% YoY. In particular, in February the output grew by 19.9% MoM and by 28% YoY. Aluminum structures accounted for 7.3 thousand tons. In February output dropped by 5.1% YoY, but increased by 42.2% MoM.…
On March 19 the pelletizing machine of Karelsky Okatysh produced the anniversary 300-millionth ton of pellets. The first million tons was produced on March 5, 1983. The 100-millionth ton was manufactured on November 29, 1996. Another milestone – 200 million tons – was reached also in 13 years. But after that the rate grew –…
