Danieli & C. Officine Meccaniche S.p.A (Italy) and Baku Steel Company (Azerbaijan) have signed an agreement to invest 1.225 billion euro into the creation of the new iron and steel complex of 5 works. “Sumgait will see the construction of 5 works in 3 years”, the economy minister Shakhin Mustafayev said. The project will create…Details
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Robert Reisetbauer, a member of the supervisory board and the vice-president of the PriMetals Technology (Austria), has chaired a round table on the steel smelting reconstruction and the construction of the hot-rolled coils production complex at Zaporizhstal. He believes that the environment technologies applied at the project will meet the best practices. “We would use…Details
In December StalTrans intends to sell 2.6 thousand tons of metal wares, up by 11% MoM. According to the company statement, the main increase is expected in wire – by 16% MoM, to 1.6 thousand tons. Nail supplies will not change considerably and will total around 0.8 thousand tons. In January-November the company supplied 36…Details
Major Ukrainian ferroalloy companies (Nikopol and Zaporozhye Ferro Alloy Works), as well as Ordzhonikidze and Marganets Mining and Processing Works, all parts of the Privat Group, continue operating according to their manufacturing plans. Earlier due to the nationalization of PrivatBank the companies accounts were blocked. PrivatBank also managed Stakhanov Ferroalloys Plant, ZZF, MGOK and OGOK…Details
In late 2016 Severstal Distribution opened a new metal warehouse in Rostov region – in the city of Bataysk. The warehouse boasts the covered area of 1 thousand square meters with the 10-ton crane and the open area of 6500 square meters with two 15-ton cranes. The site will be used to sell metal to…Details
The Supreme Commercial Court of Ukraine has satisfied the cassation appeal of ArcelorMittal Kriviy Rih. According to the company statement, the court decision cancels the decision of the Dniepropetrovsk Commercial Court of Appeals, while the decision of the Commercial Court of the Dniepropetrovsk region that prohibited the prosecutors from claiming 72.69 million UAH of damage…Details
In 2016 Beloretsk Iron and Steel Works, a part of Mechel, increased galvanized rope wire deliveries to cable companies by 32% YoY, to 2.5 thousand tons. BMK supplies galvanized rope wire with 0.75-2.5 mm diameter to 8 local cable works. The wire is corrosion-resistant and is used to armor cables for oil and gas industry.…Details
In 2016 Interpipe increased its range of products for oil and gas industries by starting producing short reducers. According to the company statement, reducers are used to get the correct length of casing or compressor pipes, when the standard pipe is not enough. Now Interpipe produces 60.3-339.7 mm diameter and 0.6-5 m length short reducers…Details
Evraz ZSMK has started producing 60E 1 rails with 100 m length. Evraz became the first company in Russia to produce these rails. Evraz is also working on improving logistics to increase geography of delivery. 60 E1 rails can be used both for passenger transportation and for cargo transportation. At present Evraz ZSMK can produce…Details
In January-September the United Mining and Chemical Company produced 220 thousand tons of ilmenite concentrate, up by 11% YoY. According to the company statement, rutile concentrate output went up by 3.9% YoY, to 39.4 thousand tons, while that of zirconium concentrate increased by 6.8% YoY, to 20.8 thousand tons. Because the world titanium raw materials…Details
In January-October Kazakhstan exported 285.3 thousand tons of coated rolled metal to Russia, up by 9.2% YoY. Galvanized steel exports went up by 13.3% YoY, to 193.1 thousand tons. The average price for galvanized steel on the border between Russia and Kazakhstan in October totaled $725.7 per ton, up by 30% YoY. Polymeric-coated steel exports…Details
The European Union has imposed a 12.5% antidumping duty on rebars and rolled wire produced by the Belarus Iron and Steel Works for 5 years. The duty was imposed following the complaint of Eurofer. The volume of the duty is preliminary, the investigation will last for 6 months. According to the statement, the Belarus rebars…Details