Metalloinvest has elected a new board of directors. In particular, the board now features Ivan Streshensky (chairman), Andrey Varichev, executive director, Vakhtang Kocharov, executive director, Pavel Mitrofanov, non-executive director, Gleb Kostikov, non-executive director, Irina Lupicheva, non-executive director, Valeriy Kazikayev, independent non-executive director, Galina Aglyamova, independent non-executive director, and Dmitry Tarasov, independent director. Vakhtang Kocharov has…Details
According to World Steel Association (WSA) April report, this year world steel demand will grow by 1.3%, to 1735 million tons. Next year the growth will continue (by 1%), to 1752 million tons. In the CIS countries the steel demand will increase by 1.4%, to 57 million tons. And in 2020 it will grow by…Details
The Belarusian steel mill BMZ and Turkish companies signed framework agreements on supplying metal products worth over $14 million during a Belarusian-Turkish business forum in Ankara on April 16. The agreements were signed by Director General of OAO BMZ – Managing Company of the Holding Company BMC Anatoly Savenok. In particular, BMZ intends to ship…Details
Trubodetal has successfully mastered the manufacture of pipeline joint parts with silicate-enamel coating.
Such joints can withstand high temperature and their service life is 50 years.
Pipes and joints with silicate-enamel coating are used to transport oil with high hydrogen sulfide content. (Ukrainian metal)
In January-March, MMK decreased steel output by 1.3% YoY and by 0.2% QoQ, to 3.107 million tons. Pig iron manufacture decreased by 0.3% YoY and by 6.3% QoQ, to 2.396 million tons. Sales dropped to 2.782 million tons, by 5.2% QoQ and by 1.6% YoY. High added value products sales in Q1 remained almost on…Details
Kirov Non-Ferrous Metals Processing Works has started modernizing an ILK-1.6 smelter in its smelting shop. The furnace will get a new foundry machine for bulk ingots. At present the smelter can produce flat ingots with the width of 800-1000 mm as well as cylinder ingots with the diameter of 400-650 mm. But when the molten…Details
Highland Gold Mining has postponed the commissioning of the Kekura gold ore deposit in Chukotka from 2021 to 2023. Last year the reserves were estimated at 2 million ounces of gold with the average content of 7 g per ton. According to the development plan, in the first 8 years of operation the average gold…Details
Several days ago, contractual organizations started the reconstruction process of the parkway along Metalurgiv Avenue, from the intersection of Sobornosti Str. and Metalurgiv Avenue to the intersection of the avenue and Vadima Hurova Str. Yurii Vilkul, Kriviy Rih Mayor, representatives of the contractual organizations, and Yuliia Chermazovich, Head of the Charitable Foundation of ArcelorMittal Kriviy…Details
In January-March, Krivoy Rog Iron Ore Industrial Complex mined 1.005 million tons of ore, down by 17.9% YoY.
In March the output totaled 353 thousand tons, up from 283 thousand tons in February.
In 2018 the enterprise decreased iron ore output by 9.7% YoY, to 4.581 million tons. (Ukrainian metal)
In January-March, Chukotka Autonomous District mined 110 thousand tons of coal, down by 40% YoY. The decrease has to do with the scheduled drop in mining at the Fandyushkinskoye deposit. In 3 months Beringpromugol LLC, operating at the deposit, mined 76.9 thousand tons of coal, down by 45% YoY. The second coalminer – Shakhta Ugolnaya…Details
The European Commission has started another investigation of ferrosilicon imports from China and Russia. The previous antidumping duties, imposed in April 2014, have expired. The initiative to start a new investigation came from Euroalliages. The association believes that the cancellation of duties will result in new dumping deliveries and damages to the European companies. Duties…Details
In January-March, VIZ-Stal produced 43 thousand tons of transformer steel, on par with Q1 2018.
Capacities were 100% loaded.
Sales grew by 5%, to 43 thousand tons.
Exports accounted for 87% of sales. The key markets were India, Near East and North America. (Ukrainian metal)
Moscow Loan Bank and ChTPZ Group have signed a loan agreement of 4 billion rubles.
The funds will be provided for 3 years.
The parties have been cooperating since 2014.
This year the bank decided to enlarge cooperation with the group. (Ukrainian metal)
In 2018 NLMK Bars Division increased sales by 11% YoY. Demand growth was expected at 1-2%, but actually totaled 5.6%. The group enterprises supplied 1.8 million tons of rebars and 763 thousand tons of steel billets to the domestic market. This year NLMK Bars Division intends to retain its share of the rebars market on…Details
In January-March, Russia produced 15.2 million tons of rolled metal, up by 0.7% YoY. In March output grew by 3% MoM, but dropped by 5% YoY. According to the Federal Service of State Statistics, pig iron manufacture decreased by 1%, to 12.9 million tons, with March results down by 5.4% YoY, but up by 1%…Details
Magnitogorsk Iron and Steel Works (MMK) has commissioned sinter machine No. 1, which has produced the first sinter for the blast furnace shop, at the construction site of sinter plant No. 5. The launch was attended by the Chairman of the Board of Directors of MMK Victor Rashnikov and General Director Pavel Shilyaev. “The construction…Details
This year the Brindakit LLC, developing alluvial gold sites in the Republic of Sakha (Yakutia), has decreased its annual target by 9.8% YoY. In particular, this year the enterprise intends to extract 92 kg of gold, while last year the output was 102 kg. The decrease has to do with the thinning of alluvial nodes.…Details
PJSC Magnitogorsk Iron and Steel Works (MMK) has shipped the first batch of rolled products with new consumer properties. Improved quality characteristics of hot-rolled sheet metal are obtained through the use of a unique technology, which cleans scale from the surface of the sheet. The emergence of new steel products with unique quality properties was…Details
A cave-in occurred at the Pokrovskoye Mine Group.
As a result, one miner perished and two were injured.
The accident happened in the ventilation shaft.
Pokrovskoye Mine Group is the largest miner of coking coal in Ukraine. (Ukrainian metal)
An Association of precious metals manufacturers has been created. The association was created on the initiative of the Tau-Ken Samruk company. At present 7 companies are members of the association. Association of mining and metallurgical enterprises has been operating for over 10 years in Kazakhstan. Tau-Ken Samruk, as well as major gold-extracting enterprises are also…Details
Karelsky Okatysh has received a new TEM18DM locomotive. This is the second environment-friendly railroad machine at the enterprise. The locomotive will deliver cargo to the Tovarnaya station. With the 720 kW engine the locomotive can transport up to 5 thousand tons of cargo, while saving some 10% of the fuel. At present Karelsky Okatysh operates…Details
In January-March, Ukraine imported $6.9 million worth of gold, silver and platinum. According to the State Fiscal Service, gold imports reached $4.7 million, silver – $1.2 million and platinum – $1 million. The largest supplier of gold was Switzerland. In 3 month it supplied $4.1 million worth of gold. Germany supplied the most platinum –…Details
In January-March, the share of coal imports from Russia reached 64.45%. According to the State Fiscal Service, the value of the coal imported was $476.9 million. US supplied $212.5 million worth of coal (28.72%) and Kazakhstan – $31 million (4.2%). At the same time, Ukraine purchased $19.5 million worth of coal from other countries (2.63%).…Details
Since the start of the year, the Stepnoy Open Pit has mined 1.125 million tons of coal, up by 13% YoY. The pit extracts D-grade coal. It is then shipped to power companies and housing utilities enterprises of Russia. Last year the pit yielded over 4.2 million tons of coal, processing some 3.4 million tons.…Details