Russia: Tatarstan to construct metal wares works

The Naberezhnye Chelny territory of advanced development will receive new residents.

In particular, Termokrep LLC will create a works to produce metal wares with thermodiffusion coating.

Investments in the project will total 130.7 million rubles.

40 jobs will be created. (Ukrainian metal)

Ukraine: AMKR mined once again

The Kriviy Rih city police have informed that the morning of July 31 has started with the information of the mining of ArcelorMittal Kriviy Rih.

The territory of the works was immediately surrounded and checked for explosives.

On July 20 similar information was received by the police. Luckily it was false. (Ukrainian metal)

Russia: Gaysky GOK constructing underground weigh-loading complex

Gaysky Mining and Processing Works is constructing a weigh-loading complex at the Skipovaya mine.

The work is being performed underground – at the depth of 1260 meters.

Investments in the new complex total 20 million rubles.

The construction began in November 2017, and is planned to be finished this year. (Ukrainian metal)

Russia: MMK decreases steel demand forecast

MMK has decreased the forecast of demand for its products this year almost 2-fold because of the tax reform. While seeking money for pre-election promises of president Vladimir Putin, Russian authorities suggested increasing the base rate of added value tax by 2%. “Last year steel consumption in Russia grew by 6.5%. This year we estimate…

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Russia: NMZ to purchase pipe mill

Novosibirsk Iron and Steel Works intends to modernize its pipe manufacture. “In 2018-2019 we will carry out an investment project to restructure pipe manufacture and purchase a pipe mill to replace outdated machinery, improve economic efficiency and increase pipe range”, the company said. Investments are expected to total $4 million. In 2017 NMZ increased revenue…

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Ukraine: coal output down in H1 2018

In January-June Ukraine increased power-generating coal output by 2.3% YoY, to 13.293 million tons, but decreased that of coking coal by 9%, to 3.2 million tons. According to the Ministry of energy and coal industry, combined coal output in 6 months dropped by 0.1%, to 16.495 million tons. State mines decreased coal output by 8.8%,…

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Ukraine: AMKR to allocate 30 million UAH to social projects implementation

PJSC ArcelorMittal Kriviy Rih will provide for realization of social projects that will enable to improve Kriviy Rih city environment. Paramjit Kahlon, the company’s CEO, and Yuriy Vilkul, Kriviy Rih mayor, signed social partnership agreement. Yuriy Vilkul: “PJSC ArcelorMittal Kriviy Rih is a core company of the city. It is highly important that besides performance…

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Russia: Izhstal exports up in H1 2018

In January-June Izhstal exported 31 thousand tons of metal, up 2.2-fold YoY.

The share of exports in the overall output reached 14%.

Belarus is one of the main export markets for the company. In 6 months exports there grew by 63% YoY.

In particular, deliveries to the Minsk Tractor Works increased by 40%. (Ukrainian metal)