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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)
DetailsAlexandra 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…
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