The first stage to replace rigging of the electrolysis baths has started in the nickel electrolysis shop of Kola Iron and Steel Company. The work is carried out within the investment project to stop using nickel anodes. Instead, the company will use nickel powder, obtained from tubular furnaces, as raw materials. The trial batch of…Details
Uralelectromed has commissioned a new converter in the metal shop of its subsidiary – Proizvodstvo Polymetallov (Polymetal manufacture). The machine produces blister copper. It has replaced an outdated machine. The cost of the project is 40 million rubles. The company expects the new converter to operate for 30-40 years. The UEM subsidiary operates 4 converters…Details
According to Promnastil CEO Dmitry Gaponov, at present galvanized steel grating is in demand. Hence the company is increasing output. In 2 years grating manufacture increased 3-fold. 20% of the product is sold in the South Federal District. At the same time Gaponov noted, that the market was inactive. The construction of industrial buildings has…Details
The prices of the main precious metals increased on May 31, according to the data published by the Central Bank. The cost of gold increased by 7.7095 manats, to 2215.61 manats per ounce compared to the price on May 30. The cost of silver increased by 0.2793 manats, to 28.0939 manats per ounce. The cost…Details
By mid-June, according to the schedule, the tests of the roughing stand of the new Danieli-Freling hot-rolling mill will be completed. In late June the stand will be put into operation and will start producing plates with the thickness of 20-210 mm. The finishing stand will be commissioned in the third part of June. The…Details
Rechitsa Metal Wares Works dip-galvanizing shop was put into operation in 2011. It is capable of galvanizing metal structures with the length of 12.5 m, width of 1.5 m and height of 2.5 m, as well as pipes with the length of 4-8.2 m. Its capacity is 130 tons per month. The company is also…Details
NLMK has started modernizing its heavy quarry machinery park, having received 4 BelAZ-75453 trucks. The new model replaces the outdated BelAZ-7547. It features lower operational expenses and improved technical characteristics. The main novelty is a powerful engine. In June the new machines will start operating. At present the company uses 31 BelAZ quarry dump trucks.…Details
Russia will stop exporting ferrous metals scrap from its three major ports on the Far East from July 21 for 6 month. According to Torex, the owner of Amurmetal, this will affect the trade of Russian companies with South Korean works in the ports of Vladivostok, Nakhodka and Slavyanka amounting to 1 million tons per…Details
In January-March KMAruda decreased net profit 1.5-fold YoY, to 358 million rubles. According to the company report, the decrease has to do with the drop of revenue from iron ore concentrate sales by 4%. In Q1 the profitability was 50.1%, down by 24.6% YoY, as the price increased by 5%, but the prime cost of…Details
In April Chelyabinsk Iron and Steel Works increased railroad sales of rolled steel by 1.9% YoY, to 270.8 thousand tons. In January-April sales reached 1.2 million tons, down by 0.8% YoY. Deliveries to domestic customers dropped by 3.6%, to 960 thousand tons, while exports grew by 20.5%, to 160 thousand tons. In February railroad deliveries…Details
Ukraine: budgetary efficiency from bill on scrap metal export duty estimated at $38.3 million per year
Head of the parliamentary committee on industrial policy and entrepreneurship Viktor Halasiuk says the budgetary efficiency from the bill, which established a duty on scrap metal exports from Ukraine, is estimated at UAH 1 billion ($38.3 million) per year. “Raw materials must remain within the country. They must be processed into finished products to create…Details
In January-April Sukhaya Balka increased iron ore output by 24.6% YoY, to 836 thousand tons.
In particular, in April the mine produced 216 thousand tons of ore.
Sukhaya Balka was sold to DCH in May 2017. (Ukrainian metal)
The heaviest parts of the SMS Group press have already been assembled.
In particular, the hydraulic tank has the volume of 30 thousand liters and weighs 33.5 tons.
The press No. 3 was assembled with the help of a portal system.
The press has been previously repaired by Uralmashzavod. (Ukrainian metal)
The ChTPZ group has completed the delivery of the last batch of pipes with three-layer coating for the construction of the Nord Stream-2 gas pipeline. The diameter of the pipes is 1153 mm, while the wall thickness is 34.6 mm, with both inner and outer corrosion-resistant coating. The group won the auction to supply some…Details
The United Metal Company has delivered 870 tons of pipes with the diameter of 813 mm and the wall thickness of 28 mm to Norway for the construction of a bridge. The length of the bridge is 600 meters. The pipes were produced at the Vyksa Iron and Steel Works according to EN 10219 specifically…Details
The government of Ukraine has published an order on the objects of grand privatization of the state property in 2018. According to the document, there are 23 objects on the list, while on May 10 the Cabinet said about 26 enterprises. While Zaporozhye Titanium and Magnesium Works remained on the list, Aluminum Foil Works was…Details
The official information on the stop of the antidumping investigation on Ukrainian and Egyptian ferrosilicon imports to EU will be published soon, “The Ukrainian Association of Ferroalloy Producers has recently received such a reply to its letter”, the association executive director Sergey Kudryavtsev wrote on his Facebook page. According to him, this was the result…Details
From May 1 Russian companies have stopped shipping coal through Ukraine without any explanation. According to the market participants, the volume of Russian coal transit through Ukraine has been 1-1.8 million tons per month lately. The main customers were Turkish, Polish, Romanian, Slovakian, Czech, and Hungarian companies, as well as Asian and African. “Our operator…Details
In April Ukraine increased coal consumption by 25.2% YoY, to 3.533 million tons, but decreased by 12.6% MoM. According to the State Statistics Service, in March coal consumption grew by 41.3% YoY, to 4 million tons. In April Ukraine imported $243.788 million worth of coal, up by 21.1% YoY, while exports dropped by 99.7%, to…Details
The Magnitogorsk Iron and Steel Works (MMK) is taking part in the 3rd International Specialized Exhibition Steel Structures 2018, which kicked off in Moscow on May 30. MMK is presenting its high-tensile wear-resistant steel produced under the MAGSTRONG brand. MAGSTRONG steel is selected for use in producing steel structures due to its high resistance to…Details
The price of gold increased in Azerbaijan on May 30, while the price of other precious metals decreased, according to the data published by the Central Bank. The cost of gold increased by 1.3175 manats, to 2,207.9005 manats per troy ounce, compared to the price on May 29. The cost of silver decreased by 0.1675…Details
On May 22 VSMPO-Avisma held an annual shareholders meeting. A part of the undistributed profit for 2017 in the amount of 10.34 billion rubles was spent to pay dividends (890.45 rubles per ordinary share). The board of directors was also paid 76 million rubles of the work in 2017. Revision commission members received 2.45 million…Details
This year Polymetal will continue prospecting works at the Primorskoye deposits in Magadan region. The main personnel will arrive at the site in early July. The deposits are located in a hard-to-reach area, and the road there takes some 2 days. 60 people will be working at the site. The reserves of the Primorskoye deposits…Details
The board of directors of Chelyabinsk Zinc Works has recommended the shareholders meeting not to pay dividends for 2017. All the net profit of the company in the amount of 5.37 billion rubles has been suggested to be left undistributed. According to the company statement, the meeting will take place on June 30. In 2016…Details