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The Verkhovnaya Rada committee on industrial policy and entrepreneurship has supported amendments to the decree on the prolongation of the scrap export duty made by the president Petr Poroshenko. “From the state point of view, it would have been better for the scrap decree to be prolonged for 2 years, and not for 1. But…
DetailsIn 2016 Ural Mining and Metallurgical Company received $5.3 billion of consolidated revenue, up by 17% YoY. The group EBITDA reached $1.2 billion. Non-ferrous metals accounted for 51% of the revenue, coal – 20%, precious metals – 9%. Exports share was 48%. (Ukrainian metal)
DetailsTaganrog Iron and Steel Works has been granted tax exemptions for almost 200 million rubles from the Rostov region till 2019. For the past 10 years Tagmet has invested over 32 billion rubles in its technical revamping, which has made it one of the major seamless pipe manufacturers in the world. The company has orders…
DetailsSo far this year the Niman artel LLC has obtained 98 kg of gold, up by 6 kg YoY. Niman washes for alluvial gold in the Verkhebureinsky district of Khabarovsk krai. The industrial season started in early May. In the first month of operation the company washed 20 kg of gold. (Ukrainian metal)
DetailsSeverstal will supply 1300 tons of hot-rolled sheet of various grades to Uralmash NGO Holding LLC to produce drilling rigs. The sheets will be delivered by Severstal Distribution directly from Cherepovets Iron and Steel Works. (Ukrainian metal)
DetailsIn 2017 Ural Mining and Metallurgical Company plans to produce 280 thousand tons of zinc, up by 8-10% YOY. Cathode copper output is expected to reach 360 thousand tons. (Ukrainian metal)
DetailsAccording to TMK-Premium-Service CEO Sergey Rekin, new difficulties in hydrocarbons extraction make it necessary to invent new approaches to products used in construction and development of oil and gas shafts. That is why TMK is aiming at producing such pipes that meet all the requirements and have improved parameters. (Ukrainian metal)
DetailsAll the mines in Volyn region might be operated by one newly created enterprise. The idea was voiced by the regional state administration chairman Vladimir Gunchik. “The changes are necessary, as at present the mines simply eat up state money. All the accounting and bookkeeping should be united into one and construction of mine No.…
DetailsMednogorsk Copper-Sulfur Works, a part of UMMC, estimates its gold reserves at the Yelanskoye deposits in Voronezh region at 7.2 tons. Moreover, the deposits also hide 502.3 thousand tons of nickel, 58 thousand tons of copper, 15.3 thousand tons of cobalt, 2.9 tons of platinum and 3 tons of palladium. MMSK received the license to…
DetailsRussia’s state-owned Vnesheconombank (VEB) plans to approve restructuring of a $167 million metals and mining group Mechel’s debt until the end of this month, CEO Sergei Gorkov said on July 10. “We believe that it (restructuring) will be probably approved by the end of the month,” he said. The company said earlier it had agreed…
DetailsThe decree on the prolongation of the ferrous scrap export duty on 30 euro per ton for 2 years cannot be vetoed by the president of Ukraine, the member of the parliament, the chairman of the parliament committee on industrial policy and entrepreneurship Victor Galasyuk believes. “The term to sign or veto the decree given…
DetailsAccording to the railroad statistics, in June direct deliveries of ferrous metals to major ship-building and repair companies totaled 7.8 thousand tons, down by 35.5% MoM and by 56% YoY. In May the results were down by 15.5% MoM, but up by 2.2% YoY. In January-June Russian ship-building and repair companies received 66.6 thousand tons…
DetailsAsha Iron and Steel Works is assembling a new electric muffle furnace at its sheet-rolling shop No. 3. When the furnace is put into operation, the cycle of thermo-chemical processing of heat- and corrosion-resistant steel and alloys will be complete. The smelting chamber of the furnace has the width 750 mm, thrice that of the…
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