The Good Price Appraisal Company has evaluated the assets of Guryevsk Iron and Steel Works (Kemerovo region). According to the company, GMK assets are valued at 822.66 million rubles. The works is in the bankruptcy proceedings, and the court hearings are scheduled for November 14. The real estate of the works is estimated at 6.47…Details
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The repair of the copper furnace at Kyshtym Electrolytic Copper Plant has been finished in advance. The annual repair was expected to last for 112 hours, but was finished 6 hours earlier. The 64 employees of the company in three shifts removed 300 tons of refractories and then assembled 300 tons of new brickwork. (Ukrainian…Details
Ural Turbine Plant will supply a steam turbine T-42/50-2.9 to Magnitogorsk Iron and Steel Works. The turbine, capacitor, generator, heaters, pump equipment and pipelines will be assembled at the central electric plant of MMK. All the machinery will be supplied in Q2 2018. The new turbine will replace the AT-25 turbine, produced by the Ural…Details
Chelyabinsk Iron and Steel Works has received the certificates of correspondence of two rebars types to the Belarus standards. The certification allows ChMK to supply rebars to Belarus. The BelCertificate specialists checked the manufacturing process at ChMK and inspected the technological chain of the production of S240 rebars with 8-22 mm diameter and S500 rebars…Details
The NLMK Group bars division has opened up its first retail warehouse in Yekaterinburg. The new site will allow the company to supply small batches of rolled metal and metal wares to its clients. The first sales have already taken place. The warehouse boasts two cranes with the lifting capacity of 10 tons, a large…Details
In January-June the Metallokonstruktsia works exported 338 million rubles worth of metal structures, up by 35% YoY. According to the Ulyanovsk regional administration, the company is one of the major local exporters. At present the company is finishing construction of the new galvanizing shop. (Ukrainian metal)Details
Buribay Mining and Processing Works, a part of UMMC, expects to receive 222.8 million rubles of net profits in 2017, down by 4.4% YoY. Revenue is expected to increase by 10.5%, to 1.45 billion rubles. This year the company plans to decrease concentrate manufacture prime cost and improve its quality (copper contents to 20%, while…Details
Electrozinc has started testing the new ball mill at the hydrometallurgical shop. The company aims at decreasing environment impact, increasing the zinc solution quality and as the result decreasing expenses to 43 million rubles per year. The results of the new mill operation are positive – the grinding reaches the necessary 0.1 mm, and the…Details
In January-June Ferrexpo, owner of Poltava and Yeristovo Mining and Processing Works, decreased iron ore pellets output by 9.8% YoY, to 5.16 million tons. According to the group, the 65% Fe content pellets output decreased by 8.5%, to 4.902 million tons, that of 62% Fe content – by 29.1%, to 257.9 thousand tons. The manufacture…Details
In 2016 Metinvest paid over 465 million UAH of environment tax. According to Mariupol Ilyich Iron and Steel Works CEO Yuri Zinchenko, the works’ share was 72.5 million UAH. At the same time he doubts the efficiency of dividing the environment tax and using it, as 25% of the tax goes to the local budget,…Details
Severstal Distribution has won a tender to supply 900 tons of rebars to the sites 7-8 of the M-11 Moscow – Saint Petersburg federal highway. The metal has been delivered to the partners of the general contractor of the construction Ichtash Astaldo: Stroyuniversal-Invest LLC and Trest Hydromontazh. The rolled metal, supplied by the Severstal Distribution…Details
The government of Ukraine will ask the president to sign the decree on the extension of the scrap export duties of 30 euro per ton, the Prime Minister Vladimir Groysman said in London. “Under the military aggression Ukraine needs metal to provide for its own defense”, he said. In September 2016 the president Petr Poroshenko…Details
In January-June Ukraine increased ferrous metals exports revenue by 21.9% YoY, to $4.081 billion. According to the State Fiscal Service, ferrous metals exports amounted to 19.77% of all export revenue as opposed to 20.13% in H1 2016. In June Ukraine exported $703.436 million worth of ferrous metals. Imports in 6 months increased by 37.7%, to…Details