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Ferrexpo has not prolonged the license to operate at the Gorishne-Plavninskoye and Lavrikovskoye deposits. The licenses expire in July. The company expects the licenses to be prolonged automatically. “But if the licenses are revoked or not prolonged, we will not be able to produce pellets and deliver them to our customers”, the company said in…
DetailsThe state enterprise Steel Structures (Ryazan) has put into operation the new line to produce welded mesh. According to the company statement, it chose to produce the most popular types of mesh on the market. It can also produce other types and sizes of mesh according to the customer orders. The capacity of the new…
DetailsIn January-February primary aluminum production decreased by 3.7% YoY, but the output of aluminum alloys went up by 7.7%. Aluminum powder and flakes output increased by 15.6%, wire rod, rods and sections – by 11.1%, sheets, plates, bars and strips – by 26%, and foil – by 37.8%. (Ukrainian metal)
DetailsMetalloinvest will pay dividends for 2016 in the amount of 18.94 kopeks per 1 ordinary share. The total amount of dividends to be paid is 14.19 billion rubles. In November 2016 the company announced the payment of 220 billion rubles of dividends to complete consolidation and transfer shares to the Russian jurisdiction (2.939 rubles per…
DetailsRuspolymet (Kulebaki, Nizhniy Novgorod region) has put into operation the second electroslag remelting furnace with the volume of 14 tons. The construction of two furnaces started in February 2016. The first furnace was put into operation in November 2016. The furnaces are used to produce ingots of structural high-alloyed heat-resistant steels and alloys with the…
DetailsIn 2016 Tulachermet increased its net profits 7.11-fold YoY, to 1.8 billion rubles. According to the company statement, its income last year increased by 15%, to 34.57 billion rubles, with sales profits down by 30%, to 1.39 billion rubles. Pig iron output last year went up by 7.4%, to 2.212 million tons. In May 2016…
DetailsFerrexpo mining company with major assets in Ukraine in 2016 increased pellet sales by 3.2%, to a new record high, compared to 2015, to 11.697 million tons from 11.29 million tons. According to a company report on the website of the London Stock Exchange, the share of pellet sales to Central Europe is the largest…
DetailsMetinvest B.V. (the Netherlands), the parent company of Metinvest international vertically integrated steel and mining group of companies, announced it had completed the restructuring of its financial debt totaling $2.3 billion. According to the group, as a result of the agreement achieved three issues of the group’s eurobonds maturing in 2016, 2017 and 2018 were…
DetailsOn March 1-20, over 3.4 thousand wagons with coal passed the border with Russia, according to the statistics data of the Russian Railways. Thus Russia took some 230 thousand tons of anthracite (10 thousand tons per day) from the uncontrolled territories valued at around 400 million UAH. (Ukrainian metal)
DetailsUralmashzavod is producing 9 cranes of various lifting capacity for Tulachermet-Stal. The machinery will be used to load and unload scrap, in pig iron manufacture, etc. The first foundry crane is being assembled by the specialists from Yekaterinburg and the Sverdlov region. After the crane is assembled it will take 2 more months to put…
DetailsThe metal trading company of Mechel – Mechel-Service LLC – has supplied 210 tons of rebars for the construction of the first wind park in Russia, situated near the town of Ulyanovsk. The first wind power plant will consist of 14 generators (35 MW). Since the beginning of the year Mechel-Service has supplied 210 tons…
DetailsSeverstal is participating in the construction of a stadium in Kaliningrad. According to the company statement, it has already supplied 200 tons of rolled metal to be used in the construction of the roof and the recreation zone of the building. “The wide range of products offered by Severstal to the construction industry, as well…
DetailsGerman Pikhoya, a member of the management board of Russian nanotechnology company Rusnano and former CEO of gold producer Polyus, may become CEO of gold miner GV Gold. Pikhoya has left Rusnano to “chair a large gold producing company,” Rusnano said without any specifications. Pikhoya said he would be ready to discuss the topic only…
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