In September Electrostal produced 1 thousand tons of billets and once again shut down its manufacture because of the unfavorable market situation. In January-September output decreased 3.3-fold YoY, to 73 thousand tons. From January till mid-March the company was idle, but after it resumed operation it worked only at one third of its capacity, In…
DetailsRussian steelmaker Novolipetsk Steel (NLMK) and Belgian fund Sogepa plan to invest 100 million euros each in the development of NLMK Belgium Holdings (NBH), in which they own a 49% stake each, between 2019 and 2021, NLMK said in a statement on October 10. “Funds allocated to NBH will go towards the execution of Strategy…
DetailsIn January-September Ukraine increased iron ore raw materials exports by 10.4% YoY, to 30.372 million tons valued at $2.774 billion, up by 32%. According to the State Fiscal Service, the main customers were China (32.44%), Poland (12.22%) and the Czech Republic (9.81%). In 9 months Ukraine imported 6.052 thousand tons of iron ore raw materials…
DetailsNovocherkassk Electrode Works, a part of EPM, has finished constructing a RiedHammer circular furnace in the pelletizing shop. The construction began last autumn. At present the furnace is being dried. The process will last till early November. Over 150 people were engaged in the construction. 400 trucks with materials (refractory bricks, as well as cement…
DetailsIn January-September Ukraine decreased coal imports by 4.4% YoY, to 14.951 million tons valued at $2.089 billion, down by 4.7%. According to the State Fiscal Service, Russia supplied $1.217 billion worth of coal (58.27%), USA – $667.294 million (31.94%), Kazakhstan – $94.992 million (4.55%) and other countries – $109.626 million (5.25%). At the same time,…
DetailsMetalloinvest is expected to invest 64 billion rubles in the construction and modernization of its mining and processing works’ manufacturing capacities until the end of 2024. Construction of a crushing and conveyer complex is underway at the Mikhailovsky GOK, and the second stage of the project has already begun (the construction of new concentrate enrichment…
Details“We propose to create a working group by a government’s decision that will hold negotiations on Jerooy,” Duishonbek Kamchybekov, Deputy Chairman of the Association of Miners, said at a press conference. According to him, Jerooy is the second deposit after Kumtor in terms of proved gold reserves. In addition to what the company has paid…
DetailsThe government has postponed from January 1 to April 1, 2020 the implementation of the scrap exports only via stock exchanges. At the same time the quota on the export of metals will expire on December 31 and will not be prolonged. The officials believe the exchange trade will improve transparency of the scrap market.…
DetailsIn January-August Russia exported 28.057 million tons of ferrous metals, down by 9% YoY. The export of ferrous metals, not counting pig iron, ferroalloys, wastes and scrap, totaled 18.239 million tons, down by 10.4% YoY. Sales of carbon steel semi-finished products decreased by 8.4%, to 9.775 million tons, and flat carbon steel – by 14.2%,…
DetailsArcelorMittal Kriviy Rih has started commissioning the turboblower No. 15. Investments in the project totaled 200 million UAH. The turboblowers provide the largest blast furnace No. 9 (manufactures 50% of the company pig iron) with cold air. The blast furnace complex modernization is scheduled for 2021. As a result, pig iron output will increase to…
DetailsZaporozhkoks and the Tax Service are trying to amicably settle the issue of tax fines. On August 28 Zaporozhye district administrative court opened a case, as Zaporozhkoks asked to cancel a number of Tax Service decisions. In particular, the Tax Service demands the increase of VAT tax payments by 247.1 million UAH, including 82.4 million…
DetailsLugansk region miners have announced a strike and refuse to go underground until their salary debts are cleared. On October 8 employees of the Novodruzhevskaya mine, a part of Lisichanskugol, stopped extracting coal. The salary debt to them amounts to 120 million UAH. The employees of the nearby mine named after Kapustin have warned the…
DetailsDnipro River Port has transshipped a batch of Turkish galvanized coils. “On October 7 the port started unloading steel coils from the Nefterudovoz-46M. The ship has brought 2.5 thousand tons of high-quality galvanized steel coils from Turkey”, the port authority reported. The coils are transported from the ship directly to the trucks. (Ukrainian metal)
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