Metinvest has finalized the deal to buy Unisteel LLC in Kriviy Rih. “We expect the company to manufacture new products – the so-called structure rolled metal with the thickness of over 1.6 mm to be used in construction”, Metinvest-SMC CEO Dmitry Lippa said. Unisteel can also produce thinner rolled metal – 0.45 mm. The works…
Output of thermal and coking coal in Ukraine in 2018 increased by 0.9% YoY, from 33 million to 33.29 million tons. State-owned coalmines during the reporting period extracted 4.14 million tons of coal, according to the Ministry of Energy and Coal Industry of Ukraine. In particular, the output of coking coal, used for the needs…
In 2018 Metinvest increased rolled metal output by 3%, to 5.769 million tons. In particular, flat rolled metal manufacture grew by 2%, to 4.747 million tons, and long rolled metal – by 14%, to 817 thousand tons. At the same time the output of rails dropped by 3%, to 65 thousand tons, and pipes –…
The company Ametistovoye has received the status of the Kamchatka Advanced Development Territory resident. The reason was the signing of an investment agreement valued at 4 billion rubles with the Far East Development Corporation. The company intends to construct a mine and modernize a mining and processing works at the Ametistovoye gold deposit. The project…
In January the West-Siberian Railroad transported 22 million tons of cargo in Kuzbass region, up by 5% YoY. In particular, the transportation of coal grew by 3.5%, to 19 million tons. The railroad also transported 775 thousand tons of iron ore (+49%) and 547 thousand tons of ferrous metals (+2.7%). (Ukrainian metal)
Tenaris S.A. and Severstal have announced that they will create a joint venture to build a welded pipe plant to produce OCTG products in the Surgut area, West Siberia, Russian Federation. Severstal will have a 51% interest in the joint venture company, with Tenaris owning the remaining 49%. The commencement of the project is subject…
Metinvest-SMC has developed and implemented a special program of preferences for metal structure exporters. “Our customers – metal structure works – have orders not only locally but also from abroad. And we react to that: our warehouses carry a range of rolled metal certified to EN”, the company CEO Dmitry Lippa said. Since mid-2018 the…
In 2018 the steel sales of Metinvest-SMC increased by 4% YoY. “According to our preliminary estimates, the local market has grown by some 4%. Our sales increased in this range as well”, the company CEO Dmitry Lippa said. In January-November 2018 sales exceeded 2 million tons. The company is expecting good results in 2019. “We…