In January-March Ferrexpo, which controls Poltava and Yeristovo Mining and Processing Works, decreased pellets output by 9.11% YoY, or by 263 thousand tons, to 2.624 million tons. In Q1 the group produced 151.6 thousand tons of 62% Fe content ore and 2472.4 thousand tons of 65% Fe content ore. Pellets output from own raw materials…Details
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Izhorsky Pipe Works, a part of Severstal Russian Steel, has started shipping large diameter pipes with special characteristics, used in construction of pipelines crossing zones of active faults. The first batch of pipes has been shipped to Gazprom to be used in the construction of the Sila Sibiri (Power of Siberia) pipeline. The batch included…Details
EvrazHolding marketing and aftersales department director Valentin Krizsky believes that rebars consumption in 2017 will grow by 8% YoY, to 6827 thousand tons. As of April rebars consumption is on the level of 536 thousand tons per month, up from 446 thousand tons in February and 511 thousand tons in March. Consumption of structural shapes…Details
Severstal forecasts that in 2017 the bar market will grow by 3-5%. At the same time at present the market is characterized by the decrease in consumption (by 25% from 2013 to 2016), as well as excessive capacities. In 2016 bar consumption was on the level of 7.912 million tons, with capacities loading at 62%.…Details
In 2016 Asha Iron and Steel Works received 98.51 million rubles of net profits. According to the company statement, for the last 5 years it has been getting losses. Income in 2016 increased by 9%, to 18.92 billion rubles. Sales profit reached 1.43 billion rubles as opposed to 641 million rubles in 2015. The company…Details
The budget of Kyrgyzstan will get 2 billion soms from Shambesai project in form of tax deductions, the State Committee for Industry, Energy and Subsoil Use reported. It is noted that the day before Batken region hosted a round table to discuss Shambesai gold project. Issues of safety of gold mining technology, production impact on…Details
The effort to address the legacy of Soviet era uranium mining in Central Asia is making substantial progress, according to the EBRD News Center. Following the establishment of the multilateral Environmental Remediation Account for Central Asia (ERA) framework agreements have now been signed with Kyrgyzstan, Tajikistan and Uzbekistan, where the fund will operate. The operations…Details
The Belarusian science plays a key role in building a knowledge economy, Chairman of the State Science and Technology Committee of Belarus Alexander Shumilin said during the international symposium on various aspects of powder metallurgy, including surface engineering, new powder composite materials, and welding, on April 5. “Today the Belarusian science plays a key role…Details
The Directorate General of Anti-Dumping & Allied Duties (DGAD) of the Ministry of Commerce & Industry of India has assigned a market status to Ukraine in an antidumping investigation into supplies of cold-rolled steel. The Economic Development and Trade Ministry of Ukraine reported that the market status in the antidumping investigation where the ministry and…Details
The largest recipient of VAT refunds in March was Dneprovsky Iron and Steel Works, a part of ISD Corporation, with UAH 647.8 million, the State Treasury Service has reported. According to its data, it was closely followed by ArcelorMittal Kriviy Rih with UAH 637.54 million. The following four places occupied Zaporizhstal with UAH 494.7 million,…Details
The Moscow regional center of Severstal Distribution has won the tender to supply 1.1 thousand tons of A500S rebars with 8-36 mm diameter for the new gold mine at the Gross deposits, belonging to Nordgold. The company will have supplied the whole batch by the end of April. This is the second tender to supply…Details
The supervisory board of Azovstal Iron and Steel Works has reelected Enver Tskitishvili the company CEO. His office has been prolonged from April 4, till April 2, 2018. In 2016 Azovstal received 558.417 million UAH of net profits as opposed to 1.835 billion UAH of losses in 2015. (Ukrainian metal)Details
The Aluminum Association suggests creating a welding center on the basis of the Sespel CJSC. The issue was discussed during the chairman Valentin Tereschenko’s working visit to Cheboksary. “The Sespel Works has a good manufacturing base and technologies to process aluminum. The company uses the most advanced welding techniques. That is why we suggest creating…Details