In January-March Beloretsk Iron and Steel Works, a part of Mechel, increased sales of metal wares with high added value. The highest rise was in rebars for construction (by 32% YoY). Sales of steel wire increased by 24%, of bearings – by 17%, of steel ropes – by 9%. “The increase in sales has to…
DetailsMetalloinvest has announced that Fitch Ratings (Fitch) confirmed the company’s long-term issuer default rating at ‘BB’ with a Stable outlook. In accordance with Fitch’s opinion reflected in the published release, Metalloinvest demonstrated financial resilience at times of volatile global pricing in iron ore and steel products and consistently reduced its absolute level of debt over…
DetailsIn May Ukrainian metal companies intend to produce 1.8 million tons of steel. According to Ukrmetallurgprom, pig iron and rolled metal output could stand at 1.6 million tons each, provided the situation does not change. For April Ukrmetallurgprom forecast pig iron output on the level of 1.5 million tons, steel – 1.7 million tons, rolled…
DetailsThe owner of Metalloinvest the billionaire Alisher Usmanov reported on the salary at the enterprises. For example, in Belgorod region, where the main enterprises of Metalloinvest are situated – Mikhailovsky and Lebedinsky GOKs and OEMK – the average salary is 24 thousand rubles, according to Rosstat. “At our enterprises the average wage is 41 thousand…
DetailsUkrainian metal companies consider its fair to extend the term of the increased scrap export duty, as the raw material is scarce on the local market. According to Metinvest CEO Yuri Ryzhenkov, the group has wintered without a considerable shortage of scrap for the first time in three years. “We were able to get good…
DetailsNLMK Group, an international steel company with facilities in Russia, Europe and the USA, boosted its spending on environmental projects and initiatives by 12% in 2016, to RUB 7.05 billion. The majority of funds were used for projects and initiatives to improve air quality. For example, NLMK Lipetsk upgraded gas cleaning systems at the refractory…
DetailsCenterra Gold Inc. regrets to report a fatality at its Kumtor mine. On April 11, an individual, a vehicle mechanic, was fatally injured while inspecting a light vehicle pickup truck in the field. An internal investigation has commenced and Kumtor management is working with the Kyrgyz regulatory authorities. “Centerra and Kumtor are deeply saddened by…
DetailsIn January-March Kyshtym Electrolytic Copper Plant produced 31.9 thousand tons of cathodes, having reached a new record. In Q1 the copper-smelting shop was working at its maximum capacity, providing copper electrolysis shop with anodes and copper powder. 38.9 thousand tons of anodes were manufactured there. The copper electrolysis shop produced 31.91 thousand tons of copper…
DetailsZagorsky Pipe Works goes on diversifying the structure of suppliers of steel sheet, used in making pipes. To the major Russian suppliers, such as Severstal, MMK, etc., ZTZ has added a foreign manufacturer – Posco (South Korea). “The rolled sheet of Posco, which we bought in small batches last year, satisfied both our clients and…
DetailsMechel reports that its cooperation agreement with Baosteel Resources, which is part of China Baowu Steel, China’s largest steelmaking group, has been prolonged. Since April 2017 and until March 2018, Mechel will supply Baosteel Resources’ facilities with up to 960,000 tons of premium-grade coking coal mined in Southern Yakutia. Coal will be shipped via Mechel’s…
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