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In January-June Magnitogorsk Iron and Steel Works invested 1.64 billion rubles into reconstruction and construction of environment protection facilities. In particular in the sinter shop MMK has reconstructed a sulfur recovery unit No. 2. An extraction system for foundries of blast furnace No. 10 with the capacity of 800 thousand cubic meters per hour has…
DetailsBeloretsk Iron and Steel Works has modernized the roller furnace in the rolling shop. This will improve the rolled metal quality and decrease expenses. The furnace is used to heat the billets to 1050 degrees C before rolling. Investments in the project totaled 15 million rubles. (Ukrainian metal)
DetailsThe Russian Ministry of energy has acknowledged that most of the coal, supplied from pro-Russia terrorist-occupied territories of Ukraine, is re-exported. The deputy energy minister Anatoly Yanovsky said that a small portion of Donbass coal was consumed by Gazprom’s electric power plant in Rostov region. “Coal from Donbass is supplied to Russia. It is consumed…
DetailsOn August 1, the Kharkiv Machine-Building Works “Corum Svet shakhtera”, a part of Corum Group, started increasing salary of its employees on the background of the 120% loading of its capacities. The maximum increase will total 40%. Previously the wages ranged between 8 and 15 thousand UAH depending on the output and quality of products.…
DetailsThe Russian group of companies MetProm will design the modernization project for Uzbekistan Iron and Steel Works. The Uzbek party will have received the project documentation by October. The project presupposes the construction of two steelsmelting furnaces, two steel-treating furnaces and a casting-rolling complex. The modernization cost is estimated at $550 million. After the modernization…
DetailsIn January-June, according to customs statistics, Russia imported 135.4 thousand tons of corrosion-resistant flat rolled steel valued at $291 million, up by 35% and by 50% YoY respectively. China supplied 26.4% of metal, up by 56.5% YoY, with the average price on the border of Russia in June at $2047 per ton, up by 36.4%.…
DetailsIn June, according to the customs statistics, Russia exported 3.9 thousand tons of corrosion-resistant steel scrap and waste valued at $3.2 million, down by 22.8% MoM and by 44.5% YoY. Earnings decreased by 31.4% MoM and by 54.7% YoY. In January-June Russia exported 38.5 thousand tons of scrap valued at $37 million, up by 5.6%…
DetailsArcelorMittal Temirtau is starting the implementation of the project on the reconstruction of the dust extraction units No. 5 and 6 at the sinter shop. The company plans to invest some 330 million tenge in the project. Under the reconstruction it is envisioned to assemble highly efficient bag hoses with the air purification rate of…
DetailsTominskoye Mining and Processing Works has started preparing the territory for the construction of the new enterprise. “The first stage of the factory construction will end in late 2019. By that time all the manufacturing units of the processing factory will have been constructed,” the GOK CEO Valery Ulanovsky said. The mining and processing works…
DetailsEvraz ZSMK has put into operation a new 320-ton converter in its steelmaking shop. The old machine was shut down on April 10. Replacement works have been finished in less than 3 months. Investments exceeded 1 billion rubles. The converter has been designed and produced by Yuzhno-Uralsk Machine-Building Works. The new gas-purifying units will decrease…
DetailsAmurmetal, which resumed operation in late July, exports over 60% of its products to the Southeast Asia. “We deliver to Thailand, the Philippines, and Korea, which don’t have large steel capacities because of the lack of energy resources, but do have rolling manufacture. We supply our steel billets there, they roll them and sell locally…
DetailsIn late 2017 Velta intends to start constructing the mining and processing complex on the basis of Lekarevskoye titanium ores deposits in Kirovograd region in case it gets the license from the State Service of Geology and Subsoil Use. The Kirovograd regional council on August 22 approved of granting the company the right to use…
DetailsThe net profit of Russian metals and mining group Mechel, attributable to shareholders, fell by 40% YoY, to 4.994 billion rubles in January-June, as calculated under International Financial Reporting Standards (IFRS), the company said on August 23. The entire profit fell by 38%, to 5.682 billion rubles. EBITDA grew by 56%, to 40.227 billion rubles,…
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