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Kama-Trade Tatarstan LLC, one of the leading metal suppliers, will open a service metal-processing center on EPS cleaning of metal in the city of Naberezhniye Chelny. The company has received 228 million rubles from the Fund of mono-cities development for the project. Total investments will reach 570 million rubles. By 2019 the project will have…
DetailsOmolonskaya Gold-Mining Company (OZRK), a part of Polymetal, has received a license to prospect a new site of the Nadezhda Ore Group in the Magadan region. The license is valid for 7 years. The site is 45 km from the Kubakinskaya gold-processing factory, belonging to OZRK. The company will start drilling in 2018. If gold…
DetailsStainless steel consumption in Russia is gaining pace. For example, in H1 demand for stainless rolled metal increased by 25.7%, and had to be satisfied with imported metal. This situation will persist, as only Mechel has plans to carry our investment project in the segment of stainless and special steels. Thus the dependence of Russian…
DetailsIn August the Obukhovskaya Mine Group (Rostov region, Russia), a part of DTEK, supplied some 105.3 thousand tons of anthracite to Ukrainian thermal power plants, slightly more than in July (103.5 thousand tons). Of this volume 88.8 thousand tons were delivered to Lugansk TPP (89.7 thousand tons in July), and 16.5 thousand tons to Pridneprovskaya…
DetailsIn January-August the MMK Trading House sold 840 thousand tons of metal, up by 14% YoY. In particular, in August the company hit a record of monthly sales – 145 thousand tons of rolled metal, metal wares and sections. Warehouse sales increased due to the optimization of logistics and the increase of deliveries to end…
DetailsUnder 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…
DetailsIn January-June Ferrexpo enterprises (Poltava, Yeristovo and Bilanovsky Mining and Processing Works) paid 535.7 million UAH of various taxes to local, regional and the state budgets, up by 29.4% YoY. In particular, PGOK paid 411 million UAH of taxes, EGOK – 122.1 million UAH, and BGOK – over 2.6 million UAH. Poltava GOK paid 78…
DetailsEnergomashspetsstal will produce a batch of rolls for Mariupol Ilyich Iron and Steel Works roller conveyers. According to the company statement, the order will be carried out under the contract concluded in January. The batch will feature 20 rolls with the total weight of 69 tons. The rolls will be delivered to the customer in…
DetailsUzmetkombinat will import 157 thousand tons of metal raw materials without paying customs duties. The corresponding decree “On measures to cover additional needs of the Republic in ferrous rolled metal” has been approved by the government. The government has allowed Uzmetkombinat to import 157 thousand tons of metal raw materials till January 1, 2018 without…
DetailsIn July Turkey imported 830.2 thousand tons of rolled sheet, up by 32.3% YoY. Hot-rolled sheet accounted for 501.9 thousand tons, up by 38.3% YoY. The largest supplier is still Russia. In July Russia supplied 262.5 thousand tons of hot-rolled metal to Turkey. Imports from Ukraine reached 30.4 thousand tons. (Ukrainian metal)
DetailsTaras Shevchenko who earlier headed Alchevsk Iron and Steel Works has been appointed the new General Director of Metinvest’s Mariupol Ilyich Iron and Steel Works. In his new position Shevchenko will lead continued implementation of investment projects at Mariupol Ilyich, such as the reconstruction of the sinter plant and the revamp of the 1700 Hot…
DetailsEnergomashspetsstal has passed the audit to check the readiness to produce equipment for the Finnish Hanhikivi-1 NPP. Special attention was paid to the quality management system, as well as lab quality management system. As the result of the audit carried out by Fennovoima (Finland), EMSS has been approved as the manufacturer for the NPP. (Ukrainian…
Details“This is a great result for us. It is very important that the agreement lasts long and is carried out by both parties. We often change the government, and everything starts anew, we can’t be having that,” board member of the Kyrgyz Mining Association Valentin Bogdetsky said, commenting on new agreements between Centerra and the…
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