Dneprovsky Iron and Steel Works has finished the capital repairs of its coke-oven battery No. 5 and switched to battery No. 4. In spring 2020 repair will start at the first and second complexes of coke-oven batteries, planned to be finished in December 2020. Investments will reach $13 million. Coke output will grow by 26%,…
DetailsIn January-September ArcelorMittal Kriviy Rih capital expenses exceeded $282 million. Until the end of the year the investments are expected to reach $390 million. This year the company has finished the reconstruction of its small-section mill No. 250-4 having invested over $50 million. The new continuous casting machine No. 3 is undergoing hot tests, and…
DetailsIn August Russia exported 15.6 thousand tons of aluminum wire, up by 4% MoM and by 38.4% YoY. Deliveries to Poland grew 5.5-fold MoM, to 2.2 thousand tons. Exports to Belarus remained unchanged at 2.7 thousand tons, while to Switzerland dropped by 40%, to 3.6 thousand tons. In 8 months exports totaled 110.1 thousand tons,…
DetailsIn short-term Uzvtorzvetmet intends to enter the markets of the Asian-Pacific region, accounting for half of the global population. The company is already negotiating with partners in China, India, Malaysia, Indonesia and Singapore. A delegation from Thailand has recently visited Tashkent. The Thai Win Global Metal Co wants to buy aluminum from the company. The…
DetailsArcelorMittal Distribution Solutions Vostok (Moscow, Russia) manufacturer and supplier of ferrous and stainless steel rolled metal in Russia, is shutting its office in Kyiv. The decision was taken on August 6. The company was registered on May 28, 2009. In Ukraine ArcelorMittal owns ArcelorMittal Kriviy Rih as well as a number of smaller companies. (Ukrainian…
DetailsIn October Azovstal was the largest recipient of VAT. According to the State Treasury Service, the company received 823.78 million UAH. It was followed by Mariupol Ilyich Iron and Steel Works (635.96 million UAH) and Poltava Mining and Processing Works (586.958 million UAH). (Ukrainian metal)
DetailsThe Ministry of Energy and Environment intends to find a private partner to carry out a participation project with the only uranium miner and processor in Ukraine – VostGOK. No details have been revealed. According to the Energoatom president Yuri Nedashkovsky, the project is intended to make the state enterprise healthier and improve its efficiency.…
DetailsCherepovets Iron and Steel Works is finishing the work of the zero cycle of blast furnace No. 3 bin trestle assembly. At the same time contractors have already started erecting metal structures of the object. The length of the trestle will be 80 meters and height – 47 meters. Some 1000 employees and over a…
DetailsRusal has issued ruble bonds with the volume of 15 billion rubles, with maturity in 10 years and an offer in 3 years. The coupon rate was record-low for the company – 7.45%. So far this year Rusal has issued bonds for 60 billion rubles. Each issue saw its coupon rate falling – from 9%…
DetailsIn January-September Metalloinvest produced 3.628 million tons of steel, down by 2.7% YoY. The decrease is explained with the capital repairs of the continuous casting machines Nos. 1 and 2 at Ural Stal and the trial operation of the flexible module furnace. Sales dropped by 1.1%, to 3.407 million tons. Semi-finished products accounted for 1.778…
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