Taking into account the current market situation Evraz will not resume work on its Yuzhny stan (Southern Mill) project of the construction of a rolling mill in Rostov region. “We need some time to watch over the market situation, and in case there is an increase in demand in the southern regions, we might return…Details
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In 2016 Severstal Distribution increased its EBITDA by 78% YoY, to $56 million. Revenues went up by 5%, to $716 million. The end of Q1 2016 saw the dramatic increase of price on all the group markets, resulting in a short-term shortage. In 2016 Severstal Distribution increased sales by 6% YoY, to 1.545 million tons.…Details
Under the current contract the ChTPZ Group will deliver an additional batch of pipes for the construction of the Nord Stream-2 gas pipeline. The company will supply 3.2 thousand tons of large diameter pipes (1153 mm) with the wall thickness of 41 mm, as well as 12 adapter pipes and 499 units of buckle arrestors.…Details
MMK-Metiz under the program of product range increase started producing LB-52MK electrode with 2.6 mm diameter. Now the company produces such electrodes in 4 diameters: 3.2, 4, 5 and 2.6 mm. MMK-Metiz has been producing a wide range of welding materials since 1949. Its welding shop can produce 35 electrode grades. (Ukrainian metal)Details
NLMK and SAP have signed a memorandum on strategic cooperation to create the first laboratory of innovations in Russian metal industry. Its goal will be to research and develop innovative solutions to be used in the mining and metallurgical sphere. The memorandum was signed by the NLMK Group president Oleg Bagrin and the member of…Details
The National anticorruption bureau of Ukraine suggests the State Property Fund to annul the contract with the Zaporozhye Titanium and Magnesium Works director suspected in 492 million UAH embezzlement. According to the bureau chairman Artem Sytnik, the ZTMK director has violated several clauses of the contract. The bureau also suggests the SPF to analyze the…Details
In January the world pig iron manufacture increased by 6.78% YoY, to 97.586 million tons. CIS countries increased output by 5%, to 6.855 million tons. In particular, Ukraine produced 2.03 million tons. North America increased pig iron output by 4,7%, to 2.56 million tons, EU – by 4.1%, to 8.25 million tons, South America –…Details
Energomashspetsstal has created an ingot weighing 415 tons. The ingot will be used to produce a shell of the reactor for one of the nuclear power plants being constructed. EMSS used the newest techniques in the production of the ingot. The ingot has been delivered to the AKK-15000 forging mill. The total weight of the…Details
The acting chairman of the State Service of geology and soil Nikolai Boyarkin has signed 4 orders to allow the Nuclear Energy Systems of Ukraine LLC to prospect and mine uranium in Nikolaev and Dniepropetrovsk regions. In February 2016 the company addressed the service to provide allowances to operate on 5 uranium ore deposits for…Details
The Ukrainian Energy and Coal Industry Ministry intends to reduce grade A coal consumption from 9.5 million tons to 6 million tons in 2017, minister Ihor Nasalyk has stated at a meeting of the Cabinet of Ministers of Ukraine. “The ministry has developed and is implementing four programs enabling us to replace more than 3.5…Details
The mine-constructing management of the Gaysky Mining and Processing Works is finishing construction of an important object for the underground mine – the complex of wagons in the mineshaft. “The goal of this complex is to bring up wagons with rock to the surface. The daily capacity of the complex is expected to amount to…Details
In February Ukraine produced 1.71 million tons of steel, down by 18.7%, or by 393 thousand tons MoM. The average daily steel smelting in February dropped to 61.1 thousand tons from 67.8 thousand tons in January. Pig iron production in February decreased by 18.2%, to 1.565 million tons, rolled metal output dropped by 20%, to…Details
In 2016 Severstal Distribution sales increased by 6% YoY, to 1.545 million tons. Last year the companies of the network sold 14% of all the Severstal Russian Steel products. Half of the total volume, or 756 thousand tons of metal, was delivered to Russian customers. The North-Western Federal district companies sold 47% of the total…Details