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According to contracts concluded, Krasniy Octyabr will produce rolled metal for the chemical industry of Uzbekistan, as well as several batches of shapes and sheet for extracting companies. The metal for chemical industry was ordered by the specialized state enterprise. The iron-nickel-based metal will be used in the repair of manufacturing lines constructed in Soviet…
DetailsThe Rosatom experts have visited Krasniy Octyabr Iron and Steel Works. They have inspected the manufacturing process, documents and shop operation. The visit lasted for 4 days. Following the inspection the auditors have submitted a positive report. Now the company could become a supplier of stainless steel sheet for the manufacture of tanks for the…
DetailsAnton Zakharov, economy director at Metalloinvest, has been appointed the managing director of Mikhailovsky Mining and Processing Works. Until a new economy director is appointed, Zakharov will perform the duties as well. In 2010-2016 Zakharov was working in the economy directorate of Metalloinvest. In 2016-2019 he was project director at USM Management LLC. In February-November…
DetailsChelyabinsk Pipe-Rolling Plant had the first meeting of its new board of directors on February 28. Andrei Komarov has been re-elected to the office of the chairman of the board and the chairman of the corporative management committee. The new board also includes the Pervouralsky Novotrubniy Plant chairman of the board Alexander Fedorov, ChTPZ CEO…
DetailsNLMK Indiana and NLMK Pennsylvania, subsidiaries of the Russian steelmaker Novolipetsk Steel (NLMK), have filed a suit to the U.S. court of International Trade asking it to consider a denial of the U.S. Treasury Department to exclude Russian steel slabs from import duties under section 232 of the U.S. Trade expansion Act, NLMK said. Operations…
DetailsThe Cabinet of Ministers has transferred 654 million UAH to pay salary to state coalminers. The Ministry of Energy and Environment Protection also intends to clear debts to state miners in the next couple of months. This year, the state budget envisions 1.96 billion UAH for the matter. (Ukrainian metal)
DetailsEvraz ZSMK casting shop has produced 4 million tons of castings so far. The latest products were the 20-ton steel slag pan and a commemorative plaque. The plaque will be hung on the administration building of the shop. Last year the shop mastered the manufacture of slag pans for the company and casting ingots for…
DetailsMikhail Voyevodin, VSMPO-Avisma CEO, has enumerated the main investment projects to be carried out in 2020-2021. In particular, the corporation will start assembling a plasma furnace in the shop No. 32. Moreover, money has already been paid for the construction of the stamping complex in the shop No. 37. Next year a press with the…
DetailsIn 2019 Susumanzoloto received 3.139 billion rubles of net profit, up by 52% YoY. Revenue grew by 15%, to 18.171 billion rubles. The company sold 6103.8 kg of gold, up by 30.9 kg YoY. Sberbank and VTB were the main customers. Sales profit totaled 4.345 billion rubles, up by 45%. (Ukrainian metal)
DetailsThe net loss of Tigers Realm Coal (TIG), developing the Fandyushkinskoye coal deposit in Chukotka, in 2019 amounted to 18.8 million Australian dollars. In 2018 the group received a profit of 10.9 million. The decrease is due to a 27% growth in the cost of FOB shipments, royalty payments and other factors. Revenue dropped by…
DetailsIn 2020 Balakovo Iron and Steel Works intends to reach its design capacity – 1 million tons of metal per year. Since the emergence of new owners, over 200 jobs have been created. Now the company employs 1220 people with the average salary of 62 thousand rubles. The shareholders plan to develop infrastructure by creating…
DetailsIn December 2019 Russia exported 13 thousand tons of secondary aluminum, up by 14% MoM and by 91% YoY. Deliveries to Japan grew by 21%, to 10.1 thousand tons, and to Cyprus – by 11%, to 1.3 thousand tons. In 2019 exports totaled 118.2 thousand tons, up by 56% YoY, having increased by 30% in…
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