Russia: VIZ-Stal decreases power intensity of transformer steel manufacture

In 2017 thanks to the energy efficiency improvement program VIZ-Stal decreased specific power intensity of transformer steel manufacture by 4.3%, to 7.63 Gcal per ton. In the past 5 years this parameter has decreased by 18%. Implementation of new techniques, replacement of outdated machinery, projects of resources saving and manufacturing processes optimization allowed the company…

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Ukraine: Metinvest buys some Avdiivka Coke shares

Private limited company Metinvest B. V. has increased its share in Avdiivka Coke and Chemical Works from 87.7581% to 94.6003%.

The company bought the shares on the secondary market.

The Metinvest B. V. share in the voting shares of the company totaled 95.1176%.

The Avdiivka Works charter capital is 485.75 million UAH. (Ukrainian metal)

Russia: Mechel net losses up in 2017

In 2017 Mechel increased its net loss 1.9-fold YoY, to 15.2 billion rubles. According to the company statement, its revenue decreased 2.1-fold, to 5.99 billion rubles, gross profit dropped 4.1-fold, to 3.05 billion rubles, and sales profit – 7.3-fold, to 1.5 billion rubles. Other income grew 2-fold, to 15.3 billion rubles. The company fixed liabilities…

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Ukraine: pellets exports in January 2018

In January Ferrexpo exported 921.8 thousand tons of iron ore pellets. In particular, Poltava Mining and Processing Works exported 875.3 thousand tons of pellets and Yeristovo GOK – 46.5 thousand tons. Karelsky Okatysh, a part of Severstal, Russia, exported 447 thousand tons of pellets. Metinvest in January exported 345.7 thousand tons (CGOK – 218 thousand…

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Russia: Orel Works opens modernized warehouse

Orel Steel Works has opened a fasteners warehouse after reconstruction.

The cost of the project was 20 million rubles.

In summer the company will commission its third thermo-hardening machine. Investments will total 133 million rubles.

Orel Works fasteners are used in major construction projects, for example, grand stands of Yekaterinburg-Arena. (Ukrainian metal)

Russia: Rusal sees changes in management team

Alexandra Buriko has been appointed CEO of Rusal. Previously she served as the CFO. The ex-CEO Vladislav Soloviev has been appointed EN+ CEO, as well as Rusal president. Buriko has been CFO since October 2013. Her key priorities in the new office will be Rusal development through improving efficiency, implementing new environment-friendly techniques, increasing the…

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Russia: Kremlin monitoring Norilsk Nickel owners’ conflict

The Russian presidential administration is watching the development of a conflict between the shareholders of metals producer Norilsk Nickel, spokesman Dmitry Peskov declared on February 26. “Bearing in mind the size and the importance, the social importance, the economic importance of the company, the Kremlin is of course watching how the management situation is unfolding,”…

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Ukraine: AMKR keeps improving living conditions of Zhukovka citizens

PJSC ArcelorMittal Kriviy Rih continues to resettle the residents from the area of possible displacement of the earth surface in the Saksaganskiy district of Kriviy Rih and is ready to purchase every household located in the streets Lavrenyova and Chistopolskaya (“Zhukovka settlement”), at the price of 425 thousand hryvnia providing the conclusion of the sales…

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