The Volgograd Iron and Steel Works “Krasniy Oktyabr” is carrying out modernization of the manufacturing capacities at its rolled metal finishing shop. According to the company statement, a new metal processing line is being constructed there. The foundation for the PL-250 centerless turning machine and RL-250 two-roll straightener has been complete. The foundation will be…Details
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Metalloinvest and Chelaybinsk Iron and Steel Works have signed long-term contracts for the delivery of around 1.6 million tons of iron ore raw materials and pellets. According to the contract by June 30, 2018 Mikhailovsky Mining and Processing Works will have supplied some 0.6 million tons of pellets and 1 million tons of iron ore…Details
Zagorsky Pipe Works has shipped a batch of pipes to Gazprom. According to the company statement, the lot included 6 thousand tons of 1020 mm diameter pipes with the wall thickness of 14-16 mm. The pipes will be used by Gazprom transgaz Yugorsk, Gazprom transgaz Tomsk and to repair pipelines in Samara, Volgograd, Sverdlovsk and…Details
Evraz lost $556 million from selling Sukhaya Balka. According to the company statement, its consolidated losses from the currency exchange differences amounted to $586 million. The agreement to sell 99.42% of the GOK was concluded on June 1. The sum of the contract is $108 million to be paid by installments till December 31. The…Details
Evraz Group is still considering selling Evraz Yuzhkoks. “We have variants and the understanding how to sell it”, the company president Alexander Frolov said. Still, according to him, it is too early to speak of any potential deal or its terms. In October 2016 Evraz concluded an agreement to sell Yuzhkoks. The payment had to…Details
Energomashspetsstal has produced and shipped another batch of rolls to Azovstal Iron and Steel Works. The rolls will be used in bar rolling. According to the contract, signed in April, EMSS has produced 24 working rolls for hot-rolling with the weight of 6-16 tons. The total weight of the batch is 170.72 tons. (Ukrainian metal)Details
Severstal has learned of a fake electronic address: firstname.lastname@example.org. This address sends out commercial offers to buy rolled metal at prices lower than current Severstal Distribution prices. The company also reports of the phone calls with the same content. At present Severstal is trying to terminate the illegal use of its trademark. (Ukrainian metal)Details
Mechel-Service has supplied 500 tons of rebars for the construction and modernization of the Novorossiysk military-navy base. According to the company statement, the rebars for the new base have been manufactured at Chelyabinsk Iron and Steel Works. (Ukrainian metal)Details
Gaysky Mining and Processing Works is finishing the construction of the second branch of the pulp feed line. The new branch with the diameter of 377 mm is being constructed in the Zakladochnaya mineshaft. It will reach 885 meters. The construction is carried out taking into account the need to increase its length to reach…Details
Crimean Titanium, situated on the territory of the Russia-annexed Crimea, experienced a cave-in of a roof. “A partial cave-in of roof occurred in the pigment titanium dioxide shop. There were no casualties. The manufacturing process has been stopped, machinery has been shut down”, the company press service reported. The beneficiary of the company is Dmitry…Details
In January-June Russia considerably increased imports of metal products. According to the Federal Customs Service, Russia imported 3.018 million tons of ferrous metals, up 1.6-fold YoY. Far foreign countries supplied 1.134 million tons, while CIS countries – 1.885 million tons (0.615 million and 1.238 million tons in 2016 respectively). Ferrous metals imports not taking into…Details
In January-June Evraz increased net profit 12.3-fold YoY, to $86 million. According to the company statement, its consolidated EBITDA grew 2-fold, to $1.152 billion, while consolidated revenue increased by 44.1%, to $5.1 billion. Evraz’s net debt in H1 totaled $4.3 billion, down from $4.8 billion in late 2016. (Ukrainian metal)Details
Employees of Ak-Tyuz plant fear to hold a strike, the former chairman of the trade union Dokturbek Maychiev announced on August 10. According to him, six people were dismissed illegally, other 36 resigned voluntarily because they were tired of tolerating salary delays. “People are frightened. Those who cannot find another job are silent. They are…Details