Ural Steel (a part of Metalloinvest) has completed modernization of the vacuum degasser at the electric arc furnace shop (EAFS) increasing the unit’s capacity by 50%, to 1.8 million tons per year. Total investments in the project amounted to 230 million rubles. The supplier of the equipment was Italian company Danieli. The upgrade of the…
DetailsEvraz has won the VEB competition to manage Sibuglemet. According to the sources, the new management contract was concluded on “the same conditions” (Evraz has been managing the asset since 2015), but details were not disclosed. Sibuglemet capacity is 5 million tons of coking coal per year. Its reserves are estimated at 300 million tons.…
DetailsMetinvest decided to liquidate Donetskkoks, situated in Ukraine-uncontrolled territory, as a legal entity. According to the official statement, the issues of the company liquidation and the creation of the liquidation committee are on the agenda of the annual shareholders meeting to be held on March 29. In 2017 Donetskkoks decreased net loss 11.5-fold YoY, to…
DetailsNLMK Group is launching an electronic voting (e-voting) service for its shareholders. The company will hold the first electronic vote in its history during the Extraordinary General Meeting of Shareholders on March 12, for voting on its new CEO (Chairman of the Management Board). The e-voting service offers shareholders a more convenient method for casting…
DetailsIn 2017 Russia exported 1.45 million tons of steel to Belarus, up by 22.6% YoY. According to the customs statistics, revenue grew by 47.7%. These are the highest results since 2014. Flat rolled metal accounts for 46.6% of the exports, up by 19.6% (revenue grew by 45.6%). Bars and sections share totaled 34% (up by…
DetailsOrel Steel Works has opened a fasteners warehouse after reconstruction.
The cost of the project was 20 million rubles.
In summer the company will commission its third thermo-hardening machine. Investments will total 133 million rubles.
Orel Works fasteners are used in major construction projects, for example, grand stands of Yekaterinburg-Arena. (Ukrainian metal)
Alexandra Buriko has been appointed CEO of Rusal. Previously she served as the CFO. The ex-CEO Vladislav Soloviev has been appointed EN+ CEO, as well as Rusal president. Buriko has been CFO since October 2013. Her key priorities in the new office will be Rusal development through improving efficiency, implementing new environment-friendly techniques, increasing the…
DetailsIn 2017 Energoprom – Chelyabinsk Electrode Works manufactured 70 thousand tons of goods, up by 40% from the target. The main products – anode blocks – saw the largest plan overfulfillment – by 10 thousand tons. “The plan overfulfillment was provided for by the efficient management of manufacturing processes and repair programs. We also paid…
DetailsSergey Goman has been appointed Zaporozhogneupor CEO. He has previously worked as the technologies and quality director at Zaporizhstal. In his new office Goman will continue investment projects aimed at improving product quality, service level and expanding the product mix. Victor Busko, who has been the CEO of Zaporozhogneupor since 2012, will continue his carrier…
DetailsThe Russian presidential administration is watching the development of a conflict between the shareholders of metals producer Norilsk Nickel, spokesman Dmitry Peskov declared on February 26. “Bearing in mind the size and the importance, the social importance, the economic importance of the company, the Kremlin is of course watching how the management situation is unfolding,”…
DetailsUkraine in January reduced steel production by 0.1% compared to the same period in 2017, but increased by 1.9%, to 2.1 million tons, from December 2017, ranking tenth in the rating of 64 countries, the world’s major producers of this product, compiled by the World Steel Association (Worldsteel). In January the growth of steel smelting…
DetailsPJSC ArcelorMittal Kriviy Rih continues to resettle the residents from the area of possible displacement of the earth surface in the Saksaganskiy district of Kriviy Rih and is ready to purchase every household located in the streets Lavrenyova and Chistopolskaya (“Zhukovka settlement”), at the price of 425 thousand hryvnia providing the conclusion of the sales…
DetailsOdessaoblenergo (the power-distributing company) ordered Trading House of Odescable the delivery of cable valued at 146.28 million UAH. Until February 2019 the company will have supplied 291 types of wire and cable produced by Odescable, Akvaton (Rovno) and Kamcable (Russia). Of the total volume the ASXsn cables account for 56.69 million UAH. Of them the…
DetailsThe first blasting operations were carried out at the 570th horizon of the large gold deposit, Muruntau, located in the Kyzyl Kum and developed by the Navoi Mining and Metallurgical Combine. Over the past 50 years, since the beginning of the Kyzyl Kum development, more than 1.5 billion cubic meters of rock have been mined…
DetailsA pipe of a local mining company in Ak-Tyuz village, Kemin district, running along the road, burst and chemical wastes flowed into the river and onto the road. According to local residents, the pipe runs from the gold recovery plant to the dam from the tailing dumps. “It happened yesterday. The wastes have been flowing…
DetailsUkrzaliznytsia (Ukrainian Railways) has concluded 37 agreements with Sota Ukraina LLC for the delivery of steel valued at 110.32 million UAH. In particular, Darnitsa Wagon-Repair Works placed 36 orders valued at 106.66 million UAH. The two most expensive orders (8.23 million UAH) provide for the supply of sheet steel produced by Mariupol Ilyich Iron and…
DetailsInna Ponomareva has become a new CEO of the metal trading company Firma Vicant. She has previously worked as the sales director. Grigory Nosko, who headed the company prior to Ponomareva, left Vikant. In 2017 Vikant imported 121 thousand tons of rolled metal and started cooperating with Metinvest in pipes purchases. This year the company…
DetailsIn 2017 Chelyabinsk Iron and Steel Works received 5.392 billion rubles of net profit, down 2.8-fold YoY. Revenue grew by 10.7%, to 118.567 billion rubles, domestic sales accounted for 106.303 billion rubles. Gross profit fell by 26,6%. Sales profit dropped almost 2-fold, to 6.965 billion rubles. The company accounts receivable increased from 25.475 billion rubles…
DetailsPolymetal has concluded the first agreement on the sale of concentrate from Kyzyl. The purchaser of the concentrate is one of the current trade partners of Polymetal’s, which for the past two years has acquired a considerable volume of concentrate from Maysky. According to the agreement, the buyer has to purchase at least 50% of…
DetailsNovgorodsky Iron and Steel Works has begun the final stage of copper electrolysis shop scrap-conveyor reconstruction. The conveyor transports anode remnants from the electrolysis shop to the copper smelting shop. Earlier all was done manually. Scrap was unloaded from the height of 1.7 meters, which made the process difficult and dangerous. The conveyor will be…
DetailsThe researchers from the Institute of Geology and Mineralogy have found gold-containing minerals at the Maletoyvayam deposits in Kamchatka. The prospecting was carried out at the order of the research company Elekhim. In particular, the new type of mineral contained compounds of gold with tellurium, sulfur and selenium. Gold can be found with silver impurities,…
DetailsIngalinskaya-2 Mining and Processing Factory in South Yakutia has increased its coal processing capacities to 2.5 million tons per year. Concentrate output depends on the coal grade – from 40% to 63%. “The project capacity of the factory was 1.5 million tons. Last year we reached 1.7 million tons. The factory was put into operation…
DetailsSeverstal has received electric compressors for Cherepovets Iron and Steel Works from Hanwha Techwin (South Korea). The cost of the investment project is around 1 billion rubles. With the help of the new machinery CherMK will decrease electricity usage by 27%. According to the contract, machinery was accepted last year at the Hanwha Techwin works.…
DetailsIn 2017 Rusal increased revenue from $7.983 billion to $9.969 billion. Mostly because of the aluminum price rise by 22.7% (to $1968 per ton), increase in the primary aluminum and alloys sales by 3.6% and the growth of the high added value products sales from 44% to 47.3%. EBITDA grew by 42.4%, to $2.12 billion,…
DetailsNovokramatorsk Machine-Building Works will ship 4 ore mills to Yuzhuralzoloto (Russia). “The company has started fulfilling a large order to produce innovative ore mills for our long-time partner, to whom we have sent a dozen mills over the past 10 years”, NKMZ said in a statement. Four mills form the first batch. But the final…
DetailsIn 2017 sales volume of metal products made by PJSC ArcelorMittal Kriviy Rih exceeded 5.4 million tons, out of which 64% accounted for finished products (rebar, wire rod and sections). Sales of square billet reduced by 4% comparing to 2016, from 33% to 29%. The considerable growth of sales was recorded in the segment of…
Details