Russia: Mechel borrows 1.44 billion rubles from ChMK

Mechel has concluded an agreement on borrowing 1.44 billion rubles from Chelyabinsk Iron and Steel Works.

The agreement was signed on January 15 and is valid through October 1, 2022.

The interest rate on the loan is not revealed. (Ukrainian metal)

Russia: ChMK delivers rails to Roskosmos

Chelyabinsk Iron and Steel Works has produced rails for the reconstruction of railroads near the Baikonur and Plesetsk cosmodromes.

The products have been shipped to one of the Roskosmos enterprises.

So far around 1 thousand tons of R65 rails have been supplied. The deliveries will continue this year. (Ukrainian metal)

Russia: ChMK increases iron-containing sludge processing

Under the environment program Chelyabinsk Iron and Steel Works increases iron-containing sludge processing 2-fold. This will decrease industrial wastes. Manufacturing by-products contain up to 40% of iron and can replace iron ore concentrate that the company has to buy. Previously ChMK used only the current volumes of iron-ore wastes. They were scrupulously collected with the…

Russia: ChMK modernizes CCM

Chelyabinsk Iron and Steel Works has finished modernizing the 6-lane continuous casting machine in its oxygen-steelmaking shop. The modernization will improve the efficiency of the continuous cast billet machine No. 4. The reconstruction implied the previous experience from the repairs of another machine, done in July. The oxygen-steelmaking shop operates 4 continuous casting machines with…