Severstal forecasts that in 2017 the bar market will grow by 3-5%. At the same time at present the market is characterized by the decrease in consumption (by 25% from 2013 to 2016), as well as excessive capacities. In 2016 bar consumption was on the level of 7.912 million tons, with capacities loading at 62%.…Details
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In 2016 Asha Iron and Steel Works received 98.51 million rubles of net profits. According to the company statement, for the last 5 years it has been getting losses. Income in 2016 increased by 9%, to 18.92 billion rubles. Sales profit reached 1.43 billion rubles as opposed to 641 million rubles in 2015. The company…Details
The budget of Kyrgyzstan will get 2 billion soms from Shambesai project in form of tax deductions, the State Committee for Industry, Energy and Subsoil Use reported. It is noted that the day before Batken region hosted a round table to discuss Shambesai gold project. Issues of safety of gold mining technology, production impact on…Details
The effort to address the legacy of Soviet era uranium mining in Central Asia is making substantial progress, according to the EBRD News Center. Following the establishment of the multilateral Environmental Remediation Account for Central Asia (ERA) framework agreements have now been signed with Kyrgyzstan, Tajikistan and Uzbekistan, where the fund will operate. The operations…Details
The Belarusian science plays a key role in building a knowledge economy, Chairman of the State Science and Technology Committee of Belarus Alexander Shumilin said during the international symposium on various aspects of powder metallurgy, including surface engineering, new powder composite materials, and welding, on April 5. “Today the Belarusian science plays a key role…Details
The Directorate General of Anti-Dumping & Allied Duties (DGAD) of the Ministry of Commerce & Industry of India has assigned a market status to Ukraine in an antidumping investigation into supplies of cold-rolled steel. The Economic Development and Trade Ministry of Ukraine reported that the market status in the antidumping investigation where the ministry and…Details
The largest recipient of VAT refunds in March was Dneprovsky Iron and Steel Works, a part of ISD Corporation, with UAH 647.8 million, the State Treasury Service has reported. According to its data, it was closely followed by ArcelorMittal Kriviy Rih with UAH 637.54 million. The following four places occupied Zaporizhstal with UAH 494.7 million,…Details
The Moscow regional center of Severstal Distribution has won the tender to supply 1.1 thousand tons of A500S rebars with 8-36 mm diameter for the new gold mine at the Gross deposits, belonging to Nordgold. The company will have supplied the whole batch by the end of April. This is the second tender to supply…Details
The supervisory board of Azovstal Iron and Steel Works has reelected Enver Tskitishvili the company CEO. His office has been prolonged from April 4, till April 2, 2018. In 2016 Azovstal received 558.417 million UAH of net profits as opposed to 1.835 billion UAH of losses in 2015. (Ukrainian metal)Details
The Aluminum Association suggests creating a welding center on the basis of the Sespel CJSC. The issue was discussed during the chairman Valentin Tereschenko’s working visit to Cheboksary. “The Sespel Works has a good manufacturing base and technologies to process aluminum. The company uses the most advanced welding techniques. That is why we suggest creating…Details
Within the large-scale program of the Chelyabinsk Zinc Works reconstruction, the zinc electrolysis shop put into operation a new anode leveler. The cost of the new machinery is 1.2 million euro. The new machine is used to clean and level anodes every 20-40 days, as the cleaner and straighter the anode surface is, the better…Details
Evraz NTMK has started producing a new size of the I-beam for railroad car-building. The first trial batch with the weight of 300 tons has already been shipped to the customer. The new beam was produced at the order of Uralvagonzavod and has non-standard sizes. Neither Russian, nor foreign standards have such sizes and types.…Details
Rusal and Runaya Metsource, a company promoted by principal shareholders of Vedanta, have signed an agreement to create a joint venture on an equal basis in India (JV). The JV will set up a world-class facility, which specializes in the production of high technology aluminum pastes and powders with a wide range of high-end applications,…Details