In January-June Kamensk-Uralsk Non-Ferrous Metals Processing Works increased earnings by 25% YoY, to 3.9 billion rubles. Net profit went up by 54%, to 18.4 million rubles. The company has also increased its exports, as it has entered the markets of the Netherlands, Poland and UK. “In the Netherlands we will be cooperating at full scale…Details
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The crushing and sorting factory of Mikhailovsky Mining and Processing Works has assembled a new air-purifying machine – smoke exhauster. The new exhauster’s capacity is 20% higher than that of the previous one. The new machine also has thicker walls, increasing its lifetime to 20 years. Reconstruction of the purification system is a part of…Details
Zagorsky Pipe Works has received a batch of rolled sheet from Uralskaya Stal. In particular, sheets for the manufacture of pipes with 530, 630, 720 and 820 mm diameter and wall thickness of 8-16 mm were delivered to ZTZ. The companies have been cooperating since December 2016. Since then UralStal has supplied around 15 thousand…Details
The city of Kriviy Rih was hit by an earthquake on July 29. It turned out that the earthquake was the result of explosion works at the Yubileynaya mine. Under the Soviet Union the mine was a part of the Mine Group named after the 20th Party Congress. Now it’s a part of Sukhaya Balka.…Details
In January-June the Industrial Metallurgical Holding produced 1.15 million tons of coking coal, up by 24% YoY. The increase is the result of the start of operations at the mine named after Tikhov and the second stage of the Bitovskaya mine. The combined capacity of the 2 mines is 3.4 million tons of coking coal…Details
NLMK Group, an international steelmaking company with operations in Russia, the European Union, and the USA, has been recognized as a leading exponent of investor relations among European steel companies by the European investment community. Ratings were compiled by IR Magazine based on an independent perception study among over 600 members of the European investment…Details
Employees of a state enterprise engaged in coal mining were decreasing real price of the products thus damaging the state budget by 3.5 million UAH. Since mid-2016 the employees have been decreasing the quality characteristics and price of coal and selling it to the controlled companies. After that the coal was sold at market cost…Details
ArcelorMittal Kriviy Rih miners, who wanted to go on strike on July 26, demanding the increase of salary, postponed it till August 2. But the company management again says the event will be illegal. On July 26 the miners had a meeting instead of strike. “The AMKR administration welcomes the decision of the employees to…Details
The authorities of the Republic of Mordovia are interested in developing Saranskcable. According to the acting chairman of the republic Vladimir Volkov, in 3 years the modernization project received 630 million rubles, and in H1 2017 – 106 million rubles more. In particular soon the works will start manufacturing metal. Most of the equipment has…Details
The Prime Minister of Kazakhstan Bakytzhan Sagintayev criticized the ArcelorMittal Temirtau CEO Paramjit Kahlon. In particular, the prime minister said that it was hard for the local business to start supplying to the works, and it was difficult to buy AMT products. For local customers rolled metal at the Temirtau warehouse is $30 per ton…Details
Zakamensk, mining for tungsten in the Republic of Buryatia, is working on creating a tungsten manufacture at the Jidinsky Tungsten-Molybdenum Works. To produce tungsten the company will use ammonium paratungstate, obtained from the concentrate, as raw materials. At first the company will produce trial batches, and in 5 years it is intended to start full-scale…Details
In June railroad transported 5.4 million tons of ferrous metals, down by 5.3% YoY, and 35.2 million tons in 6 months, down by 1%. Inner transportation in June increased by 7% YoY, while exports dropped by 13% (to Italy – 2-fold, to Mexico and Belgium by 40%). At the same time deliveries to Kazakhstan and…Details
The Pipe Metallurgical Company has started manufacturing casing pipes of corrosion-resistant chrome-nickel alloys TMK-S. The first batch of TMK-S pipes has been produced at Tagmet and shipped to Lukoil. The alloy has been developed for pipes used in oil and gas extraction with high content and partial pressure of sulfuretted hydrogen and carbon dioxide. “This…Details