Mikhail Ispolov has been appointed the CEO of OMZ-Spetsstal, and he would also work as the deputy manufacturing director of OMZ. Ispolov replaced Serge Yeroshkin, who has been the OMZ-Spetstal CEO since 2012. The new director will have to increase manufacture efficiency, decrease expenses and improve product quality. (Ukrainian metal)Details
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The Kapitalnaya mine (previously mine named after Stakhanov) of the state enterprise Mirnogradugol (previously Krasnoarmeyskugol) has put into operation the fifth northern long face. The reserves of the long face are estimated at 510 thousand tons of coal, or 1 year of operation. Investments in the long face totaled 138 million UAH. In autumn the…Details
In May railroad transportation of ferrous metals decreased by 3.3% YoY, to 5.9 million tons. From the beginning of the year the railroad transported 29.8 million tons of ferrous metals, down by 0.4% YoY. Ferrous metals exports to Italy decreased by 30%, to Spain by 75% and to Egypt by 60%. At the same time,…Details
Mechel shareholders at the annual meeting decided to spend 1.426 billion rubles to pay dividends for 2016 (10.28 rubles per premium share). Thus the company will spend 20% of its 2016 profits on dividends. In 2016 Mechel for the first time received profit of 7.1 billion rubles. Last time Mechel paid dividends in 2011: 31.28…Details
Stoilensky, part of NLMK Group, has produced its three-millionth ton of pellets at its pelletizing plant, one of the largest in Europe. Launched in November 2016, the pelletizing plant was recognized as the 2016 Event of the Year in the Russian steel industry by experts at the Metal-Expo’2016 international exhibition. The plant has a design…Details
In January-June Zaporizhstal, one of the largest taxpayers of Zaporozhye region and Ukraine, produced 1.582 million tons of rolled metal, down by 8.9% YoY. Steel output decreased by 4.8%, to 1.893 million tons, pig iron – by 9.7%, to 1.67 million tons. In June Zaporizhstal produced 276.1 thousand tons of pig iron, 306.1 thousand tons…Details
In January-June Ukraine produced 9.641 million tons of steel, down from 11.916 million tons in H1 2016. Pig iron output dropped from 11.92 million tons to 9.404 million tons, rolled metal – from 10.512 million tons to 7.857 million tons. In January-May steel manufacture decreased by 17.7% YoY, to 8.708 million tons, pig iron –…Details
In January-June Ukraine produced 5.037 million tons of bulk coke, down by 22.5% YoY. In particular Avdiivka Coke and Chemical Works decreased output from 1.468 million tons to 1.272 million tons, Alchevsk Coke and Chemical Works – from 900 thousand tons to 125 thousand tons, Makeevkoks – from 503 thousand tons to 127 thousand tons,…Details
In January-June Ukraine produced 505.9 thousand tons of steel pipes, up by 27.46% YoY. Niko-Tube increased output from 95 thousand tons to 141 thousand tons, Nizhnedneprovsk Pipe-Rolling Works – from 74 thousand tons to 125 thousand tons. UTiST produced 1.4 thousand tons of pipes, up from 1.3 thousand tons, Centravis – 9.1 thousand tons, Khartsyzsk…Details
In Q1 Metinvest doubled its investments into capital construction YoY, to $103 million. The mining segment accounted for 71% of investments (46% in Q1 2016), while metal segment –28% (52%). The main investments at Mariupol Ilyich Iron and Steel Works include the construction of the continuous casting machine No. 4 and the reconstruction of the…Details
Vladislav Solovyov, CEO of UC RUSAL, has suggested Economic Development Minister Maxim Oreshkin study a support program for large industrial power consumers that will stimulate industrial production and boost the gross domestic product (GDP). According to Solovyov’s calculations, industrial consumers pay for excessive power generation, grid capacities, and many types of cross-subsidization with the payments…Details
The management of the Vysochaishiy public joint-stock company has decided to distribute 6.378 billion rubles of net profit for 2016. 2.308 billion rubles will be sent to the development fund, of them 1.63 billion – for construction, 108.333 million rubles – for prospecting, and 1.793 billion – to cover losses of the previous years. 46.8…Details
This year Stangold LLC is working under one license only and washes for the alluvial gold at the Sirik creek valley. So far the company has obtained only 22 kg of gold, down by 2 kg YoY. The target for this year is 50 kg of gold. But the company expects to get up to…Details