In July MMK hot-rolling mill-2000 produced 527.955 thousand tons of metal, having set a new monthly output record. The previous record was set in May, when the mill produced 527.505 thousand tons. The mill, commissioned in 1994, is one the most powerful machines in Russia. It is situated in the sheet-rolling shop No. 10. In…Details
The prices of precious metals varied in Azerbaijan August 31, according to the data published by the Central Bank. The price of gold increased by 0.2822 manats, to 2,049.027 manats per ounce on August 31 compared to the price on August 30. The price of silver decreased by 0.052 manats, to 24.864 manats per ounce.…Details
In July Russia produced 6.17 million tons of steel, up by 0.8% YoY, with 5.972 million tons produced in June. In 7 months steel output totaled 42.094 million tons, up by 2.2% YoY. Ukraine, which has already withdrawn from CIS, increased steel output in July by 11.4% YoY, to 1.629 million tons, with 1.711 million…Details
Chelyabinsk Zinc Works produced a trial batch of wire made of indium alloys.
The wire consists of 52% of indium and of 48% of tin.
At present the company is studying the market.
Trial samples of wire have been sent to prospective customers. (Ukrainian metal)
Karabashmed has put into operation the first of the three new converters. Investments in the construction of the converter shop totaled 1.1 billion rubles. The work started in October 2017. Three Kumera converters with the volume of 150 tons each have been assembled at the shop. They will increase output by 25%, to 150 thousand…Details
On August 30 the vault of the arc furnace at Bezhitskaya Stal was partially destroyed.
5 people were injured in the accident.
The company is operating in the normal mode, no manufacturing process has been suspended.
According to the preliminary inspection, it will not take long to resume the operation of the furnace. (Ukrainian metal)
The last fourth rest period in summer camps Parus and Burevesnik is over. A total of 2231 children had rest in Parus during summer, and 2005 children in Burevesnik. Summer camps were working based on four rest periods during 2018 season. Duration of every rest period comprised 18 days. This year teaching staff of Parus…Details
Employees of the state coalmining enterprises have organized a strike near the building of the Lviv regional state administration demanding their salary debt issues to be solved. The chairman of the administration Oleg Sinyutka promised to talk to the representatives of the Ministry of energy and coal industry on the matter. DTEK Energo reported that…Details
In July Vyksa Iron and Steel Works received 39 thousand tons of scrap via railroad.
According to the railroad statistics, deliveries dropped by 132.7% YoY.
In January-July scrap deliveries to VMZ reached 330.1 thousand tons, down by 28.5% YoY. (Ukrainian metal)
In July Vyksa Iron and Steel Works decreased steel sales via railroad by 18.9% YoY, to 130.9 thousand tons, both to local customers and abroad. In January-July railroad deliveries grew by 21% YoY, to 1.37 million tons. Supplies to Russian customers increased by 19.7% YoY, to 1.05 million tons, while exports went up by 25.5%,…Details
The Uralelectromed subsidiary has put into operation after a scheduled repair an Engitec Technologies short-drum furnace. The inner insulation layer of the furnace has been replaced. The work cost some 2.5 million rubles. Refractory bricks of two types were used to assemble new lining. The short-drum furnaces are heated to 1200 degrees C to produce…Details
In January-June the net profit of Asha Iron and Steel Works decreased by 120.4 million rubles YoY, to 232.7 million rubles. Revenue grew to 12.7 billion rubles from 11.1 billion rubles. The decrease of the net profit was due to the growth of various expenses by 22%. The company debts dropped to 2.7 billion rubles.…Details
Beloretsk Iron and Steel Works is testing its new ropes with polymer coating in the coal pits of South Kuzbass and at the Korshunovsky GOK quarry. The company will start mass production of the steel ropes in early 2019. They are intended to replace imported analogues in mining and oil industries, as well as in…Details
Severstal has finished assembling new stand in the electric repair shop of Promservice center. The machinery has already been commissioned. “It was the idea of the shop employees to purchase the stand to repair electric engines. Investments totaled 4 million rubles”, Severstal Russian Steel repair division director Sergey Dobrodey said. The stand will make engine…Details
NLMK Group reports the tragic death of Dr. Bruno de Cooman, NLMK Group Vice President for Research and Development, on August 29 in Moscow. “Bruno De Cooman’s death is an enormous loss for the group and the entire sector, for his friends and family. He has made an invaluable contribution to the development of global…Details
The prices of precious metals decreased in Azerbaijan on August 29, according to the data published by the Central Bank. The price of gold fell by 8.7465 manats, to 2,047.6925 manats per ounce on August 29 compared to the price on August 28. The price of silver dropped by 0.1912 manats, to 25.1079 manats per…Details
The net profit of VSMPO-Avisma grew by 40% YoY, to $167.58 million in January-June, as calculated under International Financial Reporting Standards (IFRS), the company said.
Revenue increased by 3.3%, to $786.08 million.
Earnings before interest, taxes, depreciation and amortization (EBITDA) decreased by 6.1%, to $317.52 million. (Prime/Ukrainian metal)
On August 29 the Uzbekistan Iron and Steel Works launched a workshop for the production of ferroalloys. The launch ceremony was attended by the President Shavkat Mirziyoyev, employees of the enterprise, representatives of the government of Uzbekistan and foreign investors. The cost of the implemented project is $60 million, the workshop is equipped with up-to-date…Details
Lately a number of Armenian and Azerbaijani media reported on possible “mass firings” at Rusal Armenal because the US sanctions affected foil exports. The company is the largest producer and exporter of aluminum foil. “The works is operating in stable mode. No mass firings are in question. The information appearing in some media is false”,…Details
As of August 24, 988 thousand tons of coal have been produced, up by 67 thousand tons YoY. According to the Ministry of industry and new technologies, this year Tajikistan intends to produce 1.9 million tons of coal. The country has 14 coal deposits. Coal exports so far have reached 27 thousand tons valued at…Details
Severstal and the First Cargo Company have signed a 5-year agreement on railroad transportation of metal in open wagons. The agreement provides for annual transportation of some 16 million tons of metal. The companies have been cooperating since 2013. That year an agreement was concluded for 5 years. Since then PGK has transported 105 million…Details
Russia has a plan to support Rusal hit by US sanctions, including by buying aluminum to the state reserves. In April the company was severely hit by sanctions. Metal deliveries under contracts concluded before April 6 are allowed until October 23. According to the minister of industry and trade Denis Manturov the government has a…Details
Charity fund of PJSC ArcelorMittal Kriviy Rih submitted 220 PCs to 13 schools and the Center for Children’s Social and Physiological Rehabilitation of Saksaganskyi district. The certificates for computer hardware were presented to the school directors in the administration of Saksaganskyi district. To improve facilities of the schools of Kriviy Rih, to make training of…Details
In January-June the state enterprise Vostochniy Mining and Processing Works received 13.36 million UAH of net profit, down 16.9-fold YoY. According to the company statement, its net income dropped by 23.2%, to 1.2 billion UAH. Gross profit decreased 2.5-fold, to 170.35 million UAH. Last year VostGOK received 388.94 million UAH of net profit, down by…Details