A new long face has been put into operation at a state enterprise Selidovugol mine. “The reserves of the long face are some 365 thousand tons of coal, that’s enough for a year for 2100 employees”, the Donetsk regional state administration chairman Pavel Zhebrivsky wrote on his Facebook page. The mine with the historical name…Details
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Lensib, a part of the state enterprise Lenzoloto, has started the gold washing season of 2017. At present the sand washing has begun on the river Bodaibo. As of May 1, the site has already yielded 12.874 kg of gold. By the end of the season the site intends to have washed 135 kg of…Details
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…Details
The 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…Details
In 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…Details
The 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…Details
The 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…Details
The 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…Details
In 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%,…Details
Kamensk-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…Details
In 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)Details
Norilsk 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…Details
Severstal-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…Details