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The machine-building shop of Omutninsk Iron and Steel Works has created a new manufacturing site. In April metal makers started producing solid-drawn pitchfork there. Earlier such a product was manufactured only at one enterprise, but it was shut down some 2 years ago. The company plans to sell the lawn and gardening tools all over…
DetailsThe Ministry of Economy of Mexico has prolonged for 5 more years the antidumping duties on Russian hot-rolled sheets. The duty of 29.3% is applied to the products with the thickness of 4.75-10 mm and width of not less than 600 mm made of steel containing at least 0.0008% of boron. The duty was initially…
DetailsIn January-March the world pig iron production increased by 4.5% YoY, to 292.574 million tons. In March the world produced 102.11 million tons of pig iron, up by 2.8% YoY. The Top-10 of world producers is headed by China with 62 million tons. Japan comes second with 6.563 million tons, followed by India (5.8 million…
DetailsThe Security Service of Ukraine has found no basis to start criminal investigation as to the shut down of Dneprovsky Iron and Steel Combine according to the article 113 of the Criminal Codex of Ukraine (diversion). The matter was raised following the statement of a people’s deputy that the shut down was a criminal violation…
DetailsThe electrolyte shop of Electrozinc, a part of UMMC, has put into operation the first induction furnace after the planned overhaul. The furnace is used to smelt cathode zinc into ingots. The repairs of the furnace with the output of 90 tons per day lasted for half a year. The capital repairs cost over 2…
DetailsThe oxygen-converter shop of Magnitogorsk Iron and Steel Works has reached an important milestone – 200 million tons of steel. At present this is one of the most efficient shops in the world. This is also the main steel smelting division of MMK, which yields over 80% of the total steel, or around 10 million…
DetailsIn January-March Seaport St. Petersburg handled 1.8 million tons of cargoes, up by 4.6% YoY. According to the company statement, the positive dynamics has to do with the increase of metal exports. In particular, throughput of ferrous metals exceeded 1 million tons, up by 57% YoY, non-ferrous metals – 0.4 million tons, up by 1.2%,…
DetailsKamensk-Uralsk Non-Ferrous Metals Processing Works, a part of Renova, in 2016 received 6.5 billion rubles of revenue, flat YoY. The company net profits decreased 5.6-fold, to 6.1 million rubles. “Taking into account the stabilization of the market situation in many industries we await positive financial results in 2017. One of our goals is to reach…
DetailsIn February Metinvest increased EBITDA 3.6-fold YoY, to $151 million. According to the company statement, the result is down by 2.6% MoM. The group revenues in February increased by 40.6% YoY, to $592 million, but decreased by 1% MoM. (Ukrainian metal)
DetailsNorilsk Nickel, the largest refined nickel and palladium producer in the world, announces preliminary consolidated production results for the first quarter of 2017. First Vice-President – Chief Operating Officer, Sergey Dyachenko commented on the Q1 production results: “The decline in metal production volumes in the first quarter was scheduled as it was resulting primarily from…
DetailsSeverstal-metiz, a holding uniting metal ware assets of Russian steelmaker Severstal, has closed the sale of Italy’s Redaelli Tecna S.p.A. to Austria’s Teufelberger Wirerope GmbH for 50 million euro, Severstal said in a statement on May 2. A binding agreement was signed in January. The sale will allow Severstal-metiz to focus on operations on the…
DetailsPrimstroitel Company has received the status of resident of the Free port and intends to construct a metal wares plant in Vladivostok. Investments will total 335 million rubles. This will be the first metal wares plant on the Far East. The project will be carried out in several stages. Manufacture will commence in 2022. The…
DetailsKamsky Iron and Steel Works TEMPO intends to produce 30 thousand tons of rebars in May. The manufacturing plan for April is 25 thousand tons. According to the company commercial director Radik Sharifullin, in autumn the works will reach the level of 40 thousand tons. The company key sales markets are Central Federal District and…
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