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Russia: Severstal spends 17 billion rubles on CherMK repairs in 2016

In 2016 the Cherepovets Iron and Steel Works carried out around 140 capital repairs of machinery. Investments into the project totaled 17 billion rubles. According to Severstal Russian steel repairs division director Sergey Dobrodey, the program presupposed basic repairs, as well as energy efficiency, safety and product quality improvement. 4 blast furnaces, 2 sintering machines,…

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Russia: palladium output up in 2016

Russia’s palladium and palladium alloy output rose by 4.4% YoY in 2016, the Federal State Statistics Service said. Platinum and platinum alloy production increased by 3.3% YoY, while production of gold-bearing ore and concentrates rose by 2.6%. But production of silver ore and concentrates went down by 13.6%. In December 2016 palladium and palladium alloy…

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