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The Vice Prime Minister Vladimir Semashko noted the importance of supporting Belarus Iron and Steel Works. “In 2015 Belarus Iron and Steel Works (BMZ trademark) launched a small-section rolling mill which helped satisfy 60% of the industry’s demand. This is a totally competitive company that is about to enter the international market. But we should…
DetailsProsecutor General of Ukraine Yuriy Lutsenko has said the Rotterdam+ scheme is dangerous and has called on Verkhovna Rada deputies to enact a law regulating payments for coal imports. “As for the coal issue: if previously funds were pilfered via special schemes involving budget payments to mines, today there exists an even more dangerous scheme…
DetailsFrom June 1 Severstal will implement the sole management of Karelsky Okatysh and Olkon to increase efficiency of ore mining and quality issues in ore segment. The company will create a separate division in Olenegorsk reporting to Severstal Management subsidiary in Kostomuksha. Maxim Vorobyev, who headed Karelsky Okatysh, will become CEO of Karelsky Okatysh and…
DetailsIn January-April Vostsibugol mined 3.773 million tons of coal in Irkutsk region. The company operates at three open-pit mines: Cheremkhovugol, Tulunugol and Zheronsky. Tulunugol yields the most coal – 2.352 million tons were mined in 4 months. Cheremkhovugol mined 1.197 million tons of coal and Zheronsky – 223 thousand tons. This year the enterprise plans…
DetailsThe director of Metiz subsidiary, the general manager of Severstal-Metiz (Russia) Sergey Kovryakov has been elected the chairman of the supervisory board of Dneprometiz. According to the company statement, Lilia Dubovichenko, the deputy chief accountant of Dneprometiz, has been elected the chairwoman of the revision committee. The shareholders have also revoked the supervisory board of…
DetailsWhile the Dneprovsky Iron and Steel Works is idle, it carries our repairs. In particular, burners in the converter shop have been switched from consuming the expensive natural gas to coke-oven gas. “This is especially vital because of the natural gas saving and the complete halt of gas deliveries to the works since April 21”,…
DetailsAndrometa is designing and producing metal structures for 2 shops of copper works, being constructed in Kazakhstan. At present most of the metal structures of the first building – the extraction shop – are ready for delivery. The main columns and beams for the 30×103.5 m building with the height of 10 m are made…
DetailsIn 2016 Severstal-Metiz saved 35 million rubles due to streamlining its operation. According to the company statement, last year employees submitted over 200 rationalizing suggestions, allowing to decrease manufacturing expenses and prime cost. The highest result was obtained thanks to modernization of equipment and tools, as well as the change of key products manufacture techniques.…
DetailsIn 14 months there will be no profitless mines in Ukraine. According to the minister of energy and coal industry Igor Nasalik, by the end of 2017, 70% of mines will be lossless, and 50% – profitable. “The mines will also start paying for electricity, for which they haven’t paid for 2 years. They will…
DetailsPrime Minister of Ukraine Vladimir Groysman is initiating the cancellation of the mine check moratorium. He has ordered the Ministry of energy and coal industry to prepare a decree to allow checking coalmining enterprises. Earlier the Vice Prime Minister Vladimir Kistion presented the results of the labor safety check of the mining companies. After checking…
DetailsIn 2017 Zaporizhstal has spent over 20 million UAH on organization of health improving season for its employees, their families and veterans. According to the company statement, over 5 thousand employees and their family members will participate in the summer health improvement campaign. The metal works pays up to 70% of the tourist vouchers to…
DetailsIn April industrial output in Ukraine decreased by 1.7% MoM and by 4.6% YoY. According to the State Statistics Service, in metal industry output decreased by 6.5% MoM and by 10.7% YoY. Coke output dropped by 2.2% MoM and by 27.3% YoY. In 2016 industrial output in Ukraine increased by 2.4% YoY. (Ukrainian metal)
DetailsIn January-March Revda Non-Ferrous Metals Processing Works received 3.3 million rubles of net losses. In Q1 2016 it received 13.9 million rubles of net profits. The company earnings increased by 33.6%, to 865.2 million rubles. (Ukrainian metal)
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