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The Federation of Metal Makers of Ukraine forecasts losses of the mining and metal complex (accounts for 6-7% of diesel fuel consumption) at 2.5 billion UAH per year in case fuel gets more expensive because of imposition of import quotas. According to the Federation chairman Sergey Belenkiy, this accounts for both purchases of fuel and…
DetailsZaporizhstal has successfully passed the re-certification audit of the hot-rolled metal correspondence to EN 10025-1 and the construction norms 305/2011. Cold-rolled coils and sheets have also been certified for the compliance with EN 10130. The audit has been carried out by TUV SUD. Zaporizhstal received EN 10025:2004 and EN 10130:2006 certificates in 2016. Since 2008…
DetailsBeloretsk Iron and Steel Works produced 115 thousand tons of metal wares in Q1 2018, up by 3% YoY. The products for the construction industry, machine-building and electrode industry demonstrated the largest increase. Cold-deformed rebars and low-carbon wire sales grew by 46% and 38% respectively. Sales of nails increased by 23%, of welding alloyed wire…
DetailsIn January-March Severstal produced 3.03 million tons of steel, up by 1% QoQ. Pig iron output remained almost the same – on the level of 2.35 million tons. Consolidated steel sales grew by 3% QoQ, to 2.86 million tons. The growth has to do with the change in the structure of sales and the billet…
DetailsOEMK (a part of Metalloinvest) has successfully undergone a re-certification audit of its Quality Management System for compliance with the international standard ISO 9001:2015. Auditors from TUV SUD Management Service GmbH (Munich, Germany) confirmed that OEMK was in line with the required standards. During the audit of the operations of the Quality Management System, auditors…
DetailsThe Ministry of energy and coal industry has cleared all salary debts to state miners. “The government has found funds, and we have fulfilled our obligations to the miners. All of them”, energy minister Igor Nasalik said. Now, according to him, the government has to find funds for the development of the state coal industry.…
DetailsSwiss commodity trader Glencore has dropped an idea to convert its stake in Russian aluminum giant UC RUSAL into global depositary receipts (GDRs) of En+ Group because of the new U.S. sanctions, it said in a statement on April 10. “Glencore has previously signed a non-binding term sheet with En+ regarding swapping its shares in…
DetailsStoilensky, the main resource base for NLMK Group, an international steel company, has begun the mining of quartzite on the southern bank of the Stoilensky deposit. The development of this site and the overall expansion of mining operations will enable a 10% increase in production output year-on-year to 38 million tons in 2018 and will…
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