Yakutugol, a part of Mechel, has started operations at the open-pit coalmine at the Jebariki-Khaya site. In summer 2016 the company stopped using underground method of mining at the site. For open-pit mining Yakutugol bought all the necessary machinery: excavators, bulldozer, dump trucks, etc. The project capacity of the pit is 320 thousand tons of…Details
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The manufacturing company DIA has started making new products – oval-section pipes. The flat half-ovals are in demand by furniture manufacturers. The company specialists have developed the necessary rolling tools for the production of the new pipe. (Ukrainian metal)Details
Coal mining companies of DTEK, situated on the temporarily occupied territories of Donetsk and Lugansk regions, have suspended mining coal. “Komsomolets Donbassa mine, DTEK Sverdlovantrazit and DTEK Rovenkiantrazit have stopped mining coal”, the group press service reported. On February 13, the railroad connection through the demarcation zone was completely stopped, resulting in the coal mined…Details
Ukrainian Prime Minister Volodymyr Groysman has said that the needs of the coal sector in mine rescue equipment are financed by 15-20%. “This is our tragedy that due to a lack of financing of many important spheres of life people are killed and suffer. Sufficient funds were not invested neither in coalmines, nor roads, hospitals,…Details
The Seversk Pipe Works, a part of TMK, has put into operation the steel arc furnace waste-heat utilization machine. The machine is used to utilize the waste heat, emerging in the arc furnace during cooling. The new machine allows the works to put around 5 gKal of heat per hour to good use – supplying…Details
Coal stocks at the warehouses of the thermal power plants on March 6-9, increased by 2.1%, or by 36 thousand tons, to 1.734 million tons. According to the Ministry of energy and coal industry as of early March 9, coal stocks of the anthracite group totaled 711.4 thousand tons, down by 4.7% as of March…Details
The ChTPZ Group intends to increase compressor-pump pipes with externally upset ends output from 18 to 35 thousand tons per year. The increase of capacities has been made possible thanks to the modernization program at the Pervouralsk Pipe Plant. The modernization saw the replacement of parts at pipe cutting-mills, etc. The Pervouralsk Plant produces CPP…Details
In January-February Neva-Metal CJSC (stevedoring company of Severstal) handled about 508,000 tons of cargo, which is close to the result of January-February 2016, the company reported. Container handling totaled about 14,000 TEUs. CJSC Neva-Metal is a part of a transport division of Severstal Russian Steel of Severstal Group. Neva-Metal specializes in transshipment of containerized and…Details
The National Bank of Tajikistan and Metalor Technologies SA, an international Swiss-based group, have signed a cooperation agreement. According to NBT press center, the document has been signed during a visit of the first deputy head of Tajik central bank Jamoliddin Nouraliyev to Switzerland. The agreement reportedly provides for cooperation on refining gold produced in…Details
The largest VAT refunds recipients in January and February among metal companies were Mariupol Ilyich Iron and Steel Works and Azovstal, parts of Metinvest Group, with UAH 895 (UAH 382.5 million in December 2016) and UAH 856.3 million (UAH 703.1 million), followed by Evraz DMZ with UAH 731.1 million (no refunds in December 2016), the…Details
The situation at the metal works, taken by the DPR-LPR militants from their rightful owners, has become almost critical in just 1 week. Despite the local authorities’ forecasts, which promised to quickly reorient production to Russian and provide up to 70% of the budget revenues from these companies, most of them start to shut down.…Details
In 2016 Beloretsk Iron and Steel Works, a part of Mechel, received 315.5 million rubles of net profits, down 6.6-fold YoY. The works revenue dropped by 2.5%, to 22.89 billion rubles. Export sales decreased by 14.7%, to 4.49 billion rubles, while local sales went up by 1.1%, to 18.4 billion rubles. In Q4 2016 BMK…Details
For the first time in the last 8 years Izhstal, a part of Mechel, has received net profits – 121.4 million rubles in 2016. Its net losses amounted to 1.5 billion rubles in 2015 and 1.8 billion in 2014. In 2016 Izhstal received net profits only in the second half. Q4 2016 saw 205 million…Details