Cherepovets Iron and Steel Works, a part of Severstal, has finished the first repair of the main machinery in the sheet-rolling shop scheduled for this year. In particular, the 5000 mill, inner pipelines and furnaces have been repaired. “All the repair works have been complete. They will allow us to provide for the faultless operation…Details
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In 2017 Evraz will supply some 700 thousand tons of rails, including 240 thousand tons of 100-meter rails to the Russian Railroads. The delivery of longer rails will increase by 60% YoY. Rails at the order of the Russian Railways are produced at Evraz ZSMK and NTMK. In January-March they have already supplied the railways…Details
In 2017 Uralelectromed will increase its investment program 1.8-fold YoY, to 4 billion rubles. Construction of industrial objects and the development of heat and electricity generation will see the most investments. The key project is the construction of the second stage of copper electrolyses shop. (Ukrainian metal)Details
The Ministry of energy and coal industry of Ukraine initiates an audit of foreign purchases of uranium concentrate by the state enterprise Vostochniy Mining and Processing Works. According to the prosecutor of the specialized anticorruption prosecutor’s office Igor Symkiv, under the criminal case of Nikolai Martynenko the energy minister Igor Nasalik has been questioned and…Details
Avdiivka Coke and Chemical Works and the military-civilian administration (MCA) of the town of Avdiivka have signed an agreement on social partnership for 2017, which provides the financing of social programs in the amount of 11.9 million UAH. The document was signed by the company CEO Musa Magomedov and the MCA chairman Pavel Malykhin. In…Details
The Chelyabinsk Pipe Works seamless stainless pipes capacities exceed 25 thousand tons per year, with a wide product range. According to the ChTPZ market analysis and trade expansion department chief specialist Maria Semykina, in 5 years the group share in seamless stainless pipes output increased considerably: from 18% in 2012 to 35% in 2016. This…Details
The ex-people’s deputy Nikolai Martynenko is suspected of embezzling money of the state enterprise Vostochniy Mining and Processing Works. “The investigation showed that in 2013-2016 the employees of VostGok, Steuermann Investitions und Handelsgesellschaft mbH, as well as some individuals with control over the companies, including Martynenko, embezzled the funds of VostGOK in the amount of…Details
Severstal reported that in January-March its average prices for iron ore pellets increased to $86 per ton from $36 per ton a year ago, with export destinations being Europe and the Near East. In Q4 2016 Karelsky Okatysh sold pellets at $49 per ton on average, as the prices increased because of the Brazilian Samarco…Details
According to the National Statistics Department of Georgia, in January-March the total trade with Turkey amounted to $330.7 million, including $54.79 million of exports, up by 9.6% YoY, and $275.96 million of imports, down by 5.5%. Pig iron and alloyed steel semi-finished exports reached 17443 tons valued at $6.32 million, up by 186.2% and by…Details
In January-March Russia increased raw copper output by 3.3% YoY, while the production of copper alloys dropped by 22.7%. According to the Federal Service of State Statistics, copper flakes and powders output decreased by 5.4%, of rods and shapes – by 28.4%, at the same time wire production went up by 15%, and foil –…Details
In 2017 Novokuznetsk Aluminum Works, a part of RUSAL, will increase its investments by 27.3%, to 280 million rubles. According to the company managing director Victor Zhirnakov, aluminum output will remain on the 2016 level – 213 thousand tons. 180 million rubles will be invested in various environment protection measures, and 100 million rubles –…Details
In January-March the Pipe Metal Company sold 850 thousand tons of pipes to customers, up by 0.6% YoY. According to the company statement, seamless pipes sales increased by 16.7%, to 658 thousand tons thanks to the stable demand form oil-and-gas companies. Welded pipes sales dropped by 31.8%, to 192 thousand tons, mostly because of the…Details
At Ural Steel, part of Metalloinvest, the roller treatment furnace No. 1 and heat treatment machine No. 1 complex is undergoing construction. Currently, design and surveying work is ongoing. 1.5 billion rubles have been invested in the project, which is planned to be completed in 2018. The project entails the installation of new high-performance equipment…Details