Russian holding Safmar invested about $130 million in construction of the Nezhinsky ore-dressing utility in Belarus, including a mine, an ore-dressing plant, electric power generation, railway, highway, housing and other infrastructure, in January-March, Safmar said. The entire project was estimated at $2 billion and the launch was slated for early 2020. Safmar said that it…Details
Chelyabinsk Pipe-Rolling Plant, or ChelPipe, has signed a $200-million agreement to sell more than 150,000 tons of large-diameter pipes to Turkmengaz, the company said in a statement on April 8. The pipes will be used in construction of an about 200-kilometer pipeline on the territory of Turkmenistan. The first batch will be shipped in April-June.…Details
Turkmengeologia State Corporation of Turkmenistan has discovered iron ore deposits at the “Gyzylgaya-V” area of the Chagyl deposit in the Gyzylgaya settlement of the Turkmenbashi district in the country’s Balkan region. The presence of the corresponding components in the iron ore necessary for the production of cement has been confirmed. During the geological exploration work,…Details
The Russian group of companies MetProm has carried out the first delivery of the main technological equipment to the Tashkent Iron and Steel Works (TMP). The manufacturer of the equipment delivered was the Italian concern Danieli, one of the world’s largest manufacturers of metallurgical equipment. When choosing a supplier, not only the cost of equipment…Details
Azerbaijan exported another batch of locally produced aluminum sections to Denmark on April 3. Exports were implemented on the basis of the order received by Sumgait Technologies Park (STP), one of the representatives of “Made in Azerbaijan” brand. This is the second batch of aluminum sections exported by Azerbaijan to Denmark. The first order was…Details
Metalloinvest has signed an agreement with the authorities of the Kursk region and the town of Zheleznogorsk on social and economic partnership in 2019. According to the agreement, the company will invest over 1 billion rubles. “Mikhailovsky GOK is a driver of the regional economy. In 2018 the consolidated budget of the region received over…Details
In order to expand the mineral and resource base of Kazakhmys Corporation in key regions, Kazakhmys Holding LLC has created a new prospecting company – Kazakhmys Barlau LLC. Galym Nurzhanov has been appointed the company CEO. The task of the company is to provide Kazakhmys with new deposits of copper with the combined reserves of…Details
Cherepovets Iron and Steel Works has carried out a scheduled repair of its 5000-mill in the sheet-rolling shop.
The repair lasted for 6 days.
Investment in the project totaled 94 million rubles.
The preparation for the repair began in late 2018. (Ukrainian metal)
The output of Chelyabinsk Zinc Works, a major facility of the Ural Mining and Metallurgical Company (UMMC), amounted to 50,851 tons of commercial zinc, 239 tons of cadmium, and 1,729 tons of indium in January-March, the plant said in a statement. CEO Pavel Izbrekht attributed the result to upgrading. In 2018, the company invested 1.3…Details
Ormet has received a right to commission the second stage of the Djusinskiy pyrite-polymetallic ore mine. The construction lasted from March 2017 till February 2019. Investments in the project totaled some 500 million rubles. Since the start of operation Djusinskiy mine has already extracted 300 thousand tons of ore. The operation of the mine is…Details
Local market is demonstrating low demand mostly due to elections. Since mid-March sales have been very low. Plate prices are stable, while rebars have grown in price by 200 UAH per ton. In central regions 8-10 mm rebars are traded at 16,350-16,650 UAH per ton EXW. 12-32 mm rebars grew in price to 16,100 UAH…Details
Sukhaya Balka and Duferco have concluded an agreement on the delivery of iron sinter ore valued at 2.5 billion UAH ($93 million). The shareholders of the company on April 11 have to approve of the contract concluded on January 9. The shareholders also have to prolong 4 contracts on ore delivery. The value of each…Details
Volgograd Iron and Steel Works Krasniy Octyabr intends to put into operation the arc steel furnace No. 5 this month. “In March the works produced over 10 thousand tons of metal. In Q2 the capacity loading is planned on the March level. And the repaired arc furnace No. 5 will help achieve this”, the company…Details
Karelsky Okatysh will modernize one of its main transportation lines – the K-17 conveyer, which is able to transport 3.2 thousand tons of ore per hour. “It was partially modernized in February, when an old engine was replaced with a more powerful one, which increased the speed and efficiency”, the company said. The second stage…Details
In 2018 Nadezhdinsky Iron and Steel Works received 1.32 billion rubles of net profit, up from 610.7 million rubles in 2017. This is also the highest result so far. At the same time, in 2016 the company received 1.2 billion rubles of net losses, in 2015 – 2 billion rubles and in 2014 – 4…Details
This year Severniy Mining and Processing Works intends to buy 16 BelAZ trucks.
3 of them have already been commissioned.
In one shift each dump truck will be able to transport around 800 cubic meters of rock.
Until the end of the year the works will be operating 91 dump trucks. (Ukrainian metal)
In January-March Ferrexpo produced 2.538 million tons of pellets, down by 1.8% YoY.
The decrease is due to the drop of 62% iron content pellets output – to 107.5 thousand tons from 149.9 thousand tons.
At the same time the manufacture of 65% iron content pellets fell by 0.2%, to 2.431 million tons. (Ukrainian metal)
In 2018, Magnitogorsk Iron and Steel Works (MMK) contributed a total of 8.967 billion rubles to environmental causes, up by 27% YoY. Most of the investment in environmental safety went towards the construction of environmental facilities. Last year, this effort received 5.845 billion rubles. As a whole, MMK’s Environmental Program for 2018 consisted of 84…Details
NLMK Group has appointed Dmitry Kholkin to the newly created position of NLMK Group’s Vice President for Digital Transformation and IT. Previously, he served as Vice President for Digital Transformation. The new function is formed by merging digital transformation and IT practices. Elena Demyanova, NLMK Group’s former Vice President for the Development of Information Systems,…Details
Magnitogorsk Iron and Steel Works (MMK) has successfully adopted a new corporate information system (CIS) based on Oracle e-Business Suite v.12 technology. The previous version of Oracle e-Business Suite (EBS) has been used by MMK since 2004. MMK’s incorporation of Oracle EBS into its corporate information system has been recognized by Oracle as the most…Details
Volgograd-based Severstal Steel Ropes, an affiliate of steel maker Severstal, has completed an upgrade and plans to set foot on foreign markets, CEO of parent unit Severstal-Metiz Sergei Kovryakov reported. “We can raise the volume, but the Russian market does not grow that much. We plan to set foot on other markets, the European, Asian…Details
Tajikistan hopes to attract additional investments of $300 million in mining and metallurgical sphere. “The volume of investments in the next 5 years has to reach 2.73 billion somoni”, the government approved program of development till 2025 says. Additional investments will help local companies modernize existing capacities and commission new ones, as well as develop…Details
In March Energomashspetsstal supplied domestic customers with a wide range of products.
In particular, the company delivered a total of over 500 tons of products to 12 enterprises.
At present EMSS is producing supporting and working rolls for Azovstal, Zaporizhstal and Mariupol Ilyich Iron and Steel Works. (Ukrainian metal)
Russian steelmaker Severstal has narrowed the coupon guidance for its 10-15-billion ruble bonds to 8.65-8.75% annually, which corresponded to an 8.84-8.94% annual yield to a 5-year buyback offer, a banking source reported. The initial guidance was set at 8.65-8.85% annually. The issue carries semiannual bonds. Technical placement is preliminarily scheduled for April 9. VTB Capital,…Details