In addition to increasing debts, Kremniypolymer and Zaporozhye Titanium and Magnesium Works keep on stocking hazardous materials and cooperating with Russia. “As of today their total debt to the regional power generating company exceeds 500 million UAH. They also increase stocks of hazardous materials. In particular, Kremniypolymer increased ammonia and chlorine stocks by 60 tons”,…Details
This year Dneprovsky Iron and Steel Combine, a part of ISD, intends to produce 2.935 million tons of pig iron and 3.099 million tons of steel, up by 51.3% and by 57.6% YoY respectively. Sinter output is expected to increase by 37%, to 4.528 million tons. In 2016 DMK produced 1.94 million tons of pig…Details
In April Pervouralsk Pipe Works shipped 77.1 thousand tons of steel pipes via railroad, up by 6.8% MoM and by 8.8% YoY. In March sales increased by 6.5% MoM and by 22.4% YoY. In April the company supplied 65.5 thousand tons of pipes to the local market (up by 7.6% MoM and by 0.3% YoY)…Details
Russia has enough coking coal for 25 years, the minister of energy Alexander Novak declared.
“Industrial stocks of operating enterprises as of January 1 totaled 1.183 billion tons. Last year we mined 43.694 million tons. Thus we have enough coking coal for 25 years”, he said. (Ukrainian metal)
United Metallurgical Company has chosen Danieli (Italy) as the main supplier and assembler of the pipe quality control, thermal treatment and processing line. The machinery, supplied within the program of modernization, will be installed at Vyksa Iron and Steel Works in the pipe electric arc shop No. 1. The line is expected to be put…Details
Metallinvest-Ufa supplies rolled metal for one of the largest housing construction project of the city for the past years. The Planet district will have blocks-of-flats, a kindergarten for 270 children, a school for 1200 students and a stadium. The company has also participated in the construction of the Kronospan works, having supplied 2 thousand tons…Details
In January-March Mechel increased steel output by 8% YoY, to 1.121 million tons. According to the company statement, pig iron output went up by 4%, to 1.046 million tons, flat rolled metal manufacture increased by 20%, to 153 thousand tons, bars – dropped by 4%, to 705 thousand tons. The production of beams, rails and…Details
Ural Steel, a part of Metalloinvest, has in advance finished the scheduled capital repair of the furnace shop casting machine No. 3.
The shop operates 5 casting machines. Each of them undergoes an overhaul every three years according to the schedule. Repairmen have 30 days to conduct all the work. (Ukrainian metal)
Metalloinvest net profits increased 2.2-fold YoY in January-March, to $391 million. The company earnings went up by 85.1%, to $1.52 billion rubles, mostly thanks to the considerable increase of iron ore and steel products average prices, as well as the increase of high added value products sales. EBITDA jumped 2.9-fold, to $527 million. The mining…Details
The net profit of Russian metals and mining group Mechel, attributable to shareholders, jumped to 13.902 billion rubles in January-March from 312 million rubles in the same period of 2016, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement on May 31. Consolidated revenue increased by 24%, to 77.414 billion…Details
In 2016 Zaporizhstal increased profits by 89.6% YoY, to 5.2 billion UAH ($201 million). According to Metinvest statement, Zaporizhstal earnings dropped by 9.7%, to $1.321 billion, while its EBITDA increased by 7.8%, to $165 million. Metinvest owns 49.9% of Zaporizhstal shares, 24% of Zaporozhye Iron Ore Complex, 42.8% in Zaporozhkoks and 49.2% in Zaporozhogneupor. Yuzhniy…Details
In 2016 the net profit of Metinvest totaled $118 million as opposed to $1.003 billion of net losses in 2015. EBITDA increased 2-fold, to $1.153 billion. Among other things, the EBITDA increase was the result of the drop of raw materials prices, mainly coal, coke and scrap (by $94 million), partially compensated for by the…Details
The average monthly salary in Vologda region in January-March increased by 5.2% YoY, to 30361 rubles. According to the Vologdastat, in March the increase was even larger – 6.6% MoM, to 31794 rubles. The leaders are still the Cherepovets chemical enterprises, followed by Severstal, which increased average salary by 4.9%, to 69068 rubles in Q1.…Details
Vyksa Iron and Steel Works will produce wheels of premium quality for the innovative trains of the Moscow subway. By the end of the year VMZ will have supplied 3 thousand wheels of new type to the manufacturer of wagons – Metrovagonmash. The diameter of the wheels produced of L-grade steel will be 860 mm.…Details
In January-April Rusal saved 25.56 million rubles by decreasing electricity consumption. The company is one of the developers and initiators of implementation of a new mechanism in electricity consumption in Russia and the only company to participate in the program of the price-dependant decrease of electricity consumption, having joined it in 2017. The mechanism presupposes…Details
A batch of large diameter pipes produced at Zagorsky Pipe Works will be delivered to one of the most eastern parts of Russia using the multi-modal transportation. The lot includes 820 and 1020 mm diameter pipes produced under GOST 20295-85. The pipes will be used in the construction of the heating pipeline. At first the…Details
Gold bars of Kara-Balta refinery meet international standards. This is confirmed by a special LBMA certificate issued to the enterprise. As the press service of Kyrgyzaltyn OJSC reported, the refining plant has successfully passed certification according to LBMA standards (London Bullion Market Association). The document confirms that, since 2016, the production at the refinery has…Details
The Stepnaya mine in Pershotravensk, Dnieporpetrovsk region, has put into operation a new long face with reserves of over 800 thousand tons of coal. According to DTEK, the owner of the mine, investment in the development reached 70 million UAH. The new long face is expected to yield some 3 thousand tons of gas coal…Details
Komsomolskoye Mine Group, nationalized by the terrorist organization Donetsk People’s Republic, created and supported by Russia, has been transferred to the ownership of Vneshtorgservice. “I have an interesting document. This is the certificate of the registration in the so-called DPR of a new owner of one of the Metinvest assets – Komsomolskoye Mine Group. The…Details
Beloretsk Iron and Steel Works has provided its mother company Mechel with a 5-year loan of 1.35 billion rubles.
The companies do not disclose the conditions of the deal.
The goal of the loan is to carry out financial and commercial activity by Mechel. (Ukrainian metal)
In January-April gold miners of Khabarovsk Krai yielded 4418.5 kg of gold, up by 0.5 tons of the target. All the gold was obtained from ore deposits. The region has also exceeded silver output – 18180.1 kg instead of 14240 kg planned. According to the local environment ministry, the increase is the result of the…Details
Ukrainian miners, as usual, do not receive salary for several months. But the Cabinet of Ministers claims that it has already provided money to clear debts, and salary will rise. The price of 1 ton of coal will increase from 1730 UAH to 2 thousand UAH. According to the minister of energy and coal industry…Details
Aktyubinsk Copper Company, a part of Russian Copper Company, has set development plans. The Vesenne-Aralchinskoye deposits, situated near the border with Russia, will be operated on both sides of the border. For this AMK will construct a plant with the capacity of 500 thousand tons of ore per year. The mine will be operating for…Details
Karabashmed, a part of the Russia Copper Company, has started assembling the new automated copper-pouring line and three new converters with the volume of 150 tons each. The modernization of the machinery will increase the company capacity to 150 thousand tons of copper per year. Karabashmed will also reconstruct its power shop and the oxygen…Details
Norilsk Nickel has received a 521-million rubles loan from Sberbank for the construction of the magnetite concentrate drying shop of the Bystrinsky Mining and Processing Works. Bystrinskoye deposit is among the largest in the world as to copper, gold, silver and iron reserves. The GOK is planned to start operating in 2017 and will reach…Details
On May 29 Zagorsky Pipe Works produced the first pipe for Gazprom. The first batch of pipes with 1020 and 1420 mm diameter and outer three-layer insulation will be supplied to the customer in June. The agreement on the delivery was reached in April. Under the contract ZTZ will produce over 121 thousand tons of…Details