In 2016 Russian Copper Company received 3.957 billion rubles of net profits. Among its main enterprises Mikheevsky GOK yielded the most: its profits reached 3.874 billion rubles. Aktyubinsk Copper Company (Kazakhstan) received 3.34 billion rubles of net profits, Karabashmed – 2.523 billion rubles, Kyshtym Copper Smelting Works – 1.34 billion rubles. Aleksandrinskaya Mining Company received…Details
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Cherepovets Iron and Steel Works, a part of Severstal, has started assembling the main equipment for the new coating shop No. 3. The crane with the lifting capacity 35/15 tons has already been assembled. The crane costing 50 million rubles has been especially developed for this site. “Thanks to the new shop our company will…Details
As of early April 10, anthracite stocks at the thermal power plants totaled 399.5 thousand tons, down by 10.1% WoW. According to the Ministry of energy and coal industry, gas-coal stocks increased by 2.7%, to 1.42 million tons. More than half of the anthracite (203.7 thousand tons) is stored at the Lugansk TPP. Altogether coal…Details
Zaporizhstal has completed the large-scale assembly at the blast furnace No. 3 being reconstructed. “We’re carrying out electric and technical work and starting testing the equipment”, the company CEO Rostislav Shurma said. The gigantic crane Mammoet with the lifting capacity of 1600 tons has finished its work at the reconstruction. Soon it will be disassembled…Details
Yenakievo Iron and Steel Works, occupied by the Donetsk People’s Republic terrorist organization, has to receive the first batch of raw materials this week. “We have signed all the necessary documents. With the new raw materials we will be able to resume operation at EMZ”, the Donetsk militants leader Alexander Zakharchenko said. (Ukrainian metal)Details
Beloretsk Iron and Steel Works, a part of Mechel, has prolonged its loan line from Gazprombank till April 2022. According to the company statement, the volume of the loan is 3.1 billion rubles, or 19.9% of the assets cost as of the end of Q1. The initial agreement with the bank was signed in April…Details
Ferrum has received the new pipe-welding mill. The mill produces thin-walled cold-rolled pipes with 0.5-1.6 mm wall thickness. This will be a unique product for Novosibirsk region. The mill will be put into operation in late May. Ferrum started producing electric-welded pipes in 2015. It has 3 mills with the total capacity of 15 thousand…Details
A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Anatoly Sedykh, Chairman of the Management Board of United Metallurgical Company (OMK), took place in Moscow. It was noted that the long-term cooperation between the companies had strategic importance. Pipe products made by OMK comply with high standards and requirements set by…Details
Metal railroad exports in January-March decreased by 6.3% YoY, to 7.07 million tons, imports increased 3.9-fold, to 160 thousand tons. Railroad metal throughput in Q1 dropped by 4.7% YoY, to 7.23 million tons. Railroad metal delivery to port Novorossiysk for exports dropped by 12.2%, to 2.6 million tons, Tuapse – by 0.7%, to 560 thousand…Details
Because of the railroad accident on the Volnovakha-Karan route, Mariupol Ilyich Iron and Steel Works will not produce 11 thousand tons of pig iron. “Minus 3 trains with raw materials through Kamysh-Zarya route on April 8, minus 8 trains today, this means we will lose 11 thousand tons of pig iron in production (around $4…Details
Moody’s international ratings agency has improved Ferrexpo plc corporate rating from Caa3 to Caa2. Default risk rating has been increased from Caa3-PD to Caa2-PD, while its bonds from Caa3 to Caa2. The outlook on all ratings is stable. In 2016 Ferrexpo, which controls Poltava and Yeristovo Mining and Processing Works, received $189.2 million of net…Details
Mariupol Ilyich Iron and Steel Works has finished the capital repairs of its blast furnace No. 3. “In 12 days all the repair work has been successfully completed”, the company CEO Yuri Zinchenko wrote on his Facebook page. The repairs will allow the blast furnace to reach its maximum capacity – 3450 tons of pig…Details