Oskol Electrometallurgical Works has produced the 70-millionth ton of metallized pellets. In December 2018 the pelletizing and metallizing shop, recently reorganized into the pelletizing and metallizing factory, turned 35. In 2010 the company modernized its metallizing machine No. 1. In 2013 the metallizing machine No. 3 was put into operation. In 2015 the metallizing machine…
DetailsIn 2018 Cherepovets Iron and Steel Works increased electricity output by 2.8% YoY, to 4.565 billion kWh.
According to Severstal Russian Steel CEO Vadim Germanov, this allowed saving some 200.4 million rubles.
The share of the company’s own electricity reached 77.9% of the total consumption. (Ukrainian metal)
The import-replacing multi-strand steel ropes of Beloretsk Iron and Steel Works have received certificates. This will allow the company increasing its share of the local metal ware market. The new ropes are made according to a German standard and are used in lifting machinery. The 8-strand ropes with the diameter of 68 mm and 12-strand…
DetailsMagnitogorsk Iron and Steel Works (MMK) plans to keep steel output flat YoY in 2019, but it does not rule out a slight growth, CFO Andrei Yeryomin said in a conference call on February 7. “We don’t expect any growth. The amount will be close to the level of 2018. A 1% growth is possible,”…
DetailsDneprovsky Iron and Steel Combine intends to attract a loan of $30 million from the state-owned Oschadbank. The issue will be discussed at the shareholders meeting on February 25. The loan will be attracted in UAH, US dollars and euros for 3 years. The interest is not more than Dneprovsky Iron and Steel Combine24% for…
DetailsIn May Metipol LLC will put into operation a plant to produce polymer-coated rolled metal in the city of Pervomaisk. This means that the Alchevsk-based Metal and Polymers Works will resume operation on Ukraine-controlled territory. As raw materials Turkish galvanized coils will be used, The annual capacity of the enterprise will be 78 thousand tons…
DetailsUkrainian manufacturers of galvanized rolled metal await the implementation of the preliminary protective measures on the import of these products from China and Russia. According to the executive director of the Ukrainian Center of Steel Construction, Vyacheslav Kolesnik, in August-September 2018 the imports of Chinese galvanized metal reached their peak, but after that dropped sharply.…
DetailsInterpipe has appointed Sergey Kostenko the chairman of the board of Interpipe Nizhnedneprovsk Pipe Works from February 5. He has been an acting chairman since June 28, 2018. Kostenko started working at Interpipe NTZ in 1995 in the pipe-rolling shop No. 3. Since 2010 he has been heading the repair department, and since 2013 he…
DetailsIn Q4 2018 MMK revenue decreased by 6.2% QoQ, to $1962 million. EBITDA fell by 20%, and the margin was 27.4%. Net profit totaled $245 million. In 2018 revenue increased by 8.9% YoY, to $8214 million, mostly because of the average price growth (by 8% or by $46 per ton). EBITDA went up by 19%,…
DetailsThe Ministry of Finances proposes canceling VAT on gold in ingots, as investment in precious metals is a good way for accumulation. Now people have to pay a 20% VAT when buying ingots from banks. While when selling ingots, the VAT is not returned, which makes purchase less attractive. Hence the low demand – some…
DetailsArcelorMittal Temirtau has received new machinery for its converter shop continuous casting machines Nos. 1 and 2. The new equipment – segments, crystallizers and benders – was purchased in Italy from Danieli under an investment project. “This project will improve the working conditions of both machines and the quality of the billets”, the company said.…
DetailsAn expert commission has finished evaluating the assets of Ufaleinickel.
The company went bankrupt some 18 months ago.
The auction could be held in summer.
The combined cost of the lots is around 1 billion rubles.
Two investors are already mulling the purchase of the works. (Ukrainian metal)
The arbitrary court of the Volgograd region has prolonged the bankruptcy proceedings at the Krasniy Octyabr works from February 10 for 4 months. Thus, the petition of the proceedings manager Alexander Lyubimenko has been partially met. He claimed the enterprise received assets valued at 487 billion rubles – 854 ordinary shares. Now they need to…
DetailsNLMK-Kaluga has started producing a new type of metal for construction – 100 mm-long channels with parallel sides.
A batch of 3 thousand tons has been shipped to customers in the Central Federal District.
Imports in the segment in 2018 reached 32%, up by 6% YoY. (Ukrainian metal)
Chelyabinsk Pipe Rolling Plant has provided a loan of 1.14 billion rubles to a company it controls – Meta.
The agreement was signed on February 5.
The funds have to be returned not later than on June 30, 2020.
Meta provides ChTPZ with scrap. (Ukrainian metal)
Gold producer Nordgold, controlled by the Russian tycoon Alexei Mordashov, plans to invest more than $360 million over the next 15 years in development of the Lefa mine in the Republic of Guinea. “Nordgold is pleased to announce that a new mining permit will be effective starting from March 21. The new permit as well…
DetailsIn 2018, demand for steel continued to recover, coupled with a rise in protectionism in key markets. “In this context, NLMK Group’s flexible business model that helped it secure its presence in key sales markets, enabled the company to grow its sales by 7% YoY, or by 1.1 million tons, to 17.6 million tons, hitting…
DetailsResidents of Akolon village in Ton district of Issyk-Kul region oppose development of Tash-Bulak uranium deposit, local activist Akzholtoi Tukunov reported. According to him, the villagers intend to hold a rally against the development of the uranium deposit. “Villagers are concerned about the health, the future of our children, since we do not know how…
DetailsThe project to develop Ozernoye lead-zinc deposit in the Republic of Buryatia has been presented to the president representative in the Far East District, Yuri Trutnev, in order to receive state support. The license from December 2018 is owned by Ozernoye LLC. The deposit is one of the 10 largest zinc deposits in the world.…
DetailsIn 2018 Vostsibugol, developing coal deposits in Irkutsk and Krasnoyarsk region, mined 15.5 million tons of coal, up by 12.3% YoY. The output at Cheremkhovsky pit was 4.6 million tons, up by 22%. Tulunugol pit yielded 7.5 million tons, up by 10%. Coal extraction at Zheronsky pit grew by 19%, to 861 thousand tons. 2.6…
DetailsIn 2018 GRK Darkhan LLC, developing the Kirchenovskoye deposit in Zabaikalye, sold 327.3 kg of gold and 17 tons of silver, up 1.9-fold and 2.5-fold YoY respectively. The increase is due to the growth of ore processing. While in 2017 Darkhan processed 83 thousand tons of ore, in 2018 it processed 303.1 thousand tons. Revenue…
DetailsIn January Tulachermet set a new record on monthly pig iron output operating just two blast furnaces. Last month the company produced 216.768 thousand tons of pig iron, having exceeded the target by 8.768 thousand tons. The previous record was set in December 2018 – 215.24 thousand tons. Tulachermet has been steadily increasing pig iron…
DetailsSome 300 miners have blocked the Vinnichenko street in Lviv, where the Lviv regional state administration is situated. They demand clearing salary debts. Prior to that the miners have marched through the central streets of the city. They claim they have so far received only half of their December 2018 salary, and nothing for January.…
DetailsThe metal companies are prepared to invest in the state system of education. According to Metinvest director on personnel Alexander Pimkin, at present the state does not do all the necessary things to reform the education system. “The approach to and the volumes of financing on behalf of the state are not enough”, he said.…
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