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Chelyabinsk Iron and Steel Works has finished modernizing the 6-lane continuous casting machine in its oxygen-steelmaking shop. The modernization will improve the efficiency of the continuous cast billet machine No. 4. The reconstruction implied the previous experience from the repairs of another machine, done in July. The oxygen-steelmaking shop operates 4 continuous casting machines with…
DetailsIn Q2 TMK received $1.07 billion, up by 17% QoQ, with H1 earnings up by 27% YoY, to $2.05 billion. According to the company statement, its corrected EBITDA in Q2 totaled $134 million, down by 6% QoQ, and $275 million in H1, up by 2% YoY. Net losses in Q2 constituted $19 million, with net…
DetailsIn January-July Magadan region fulfilled the gold-mining plan by 51%, having obtained 15.9 tons of gold, up by 2.9 tons YoY. This year the region intends to get 30.9 tons of gold. The growth has been provided by the ore companies, which have mined 2.5 tons more than in 2016. The most gold has been…
DetailsIn January-June KAZ Minerals EBITDA totaled $240 million, up from $91 million in H1 2016. The company profits in the period increased from $302 million to $721 million. In 2016 KAZ Minerals increased its gross profit by 43% YoY, to $969 million. (Ukrainian metal)
DetailsIn January-June Azerbaijan imported 133.7 thousand tons of rolled metal, down by 1.4% YoY, valued at $83.536 million. According to the statistics, ferrous rods imports increased by 15.9%, to 52.835 thousand tons valued at $26.963 million, ferrous angles by 36.6%, to 19.115 thousand tons at $13.383 million, while imports of ferrous pipes dropped by 66.5%…
DetailsAccording to the contract concluded, Energomashspetsstal will produce another batch of rolls for Azovstal Iron and Steel Works. The contract provides for the delivery of 40 working rolls for hot-rolling with the weight of up to 40 tons. The rolls will be delivered in October-November. Their total weight will be 316.48 tons. EMSS rolls will…
DetailsThe Ukrainian Prime Minister Vladimir Groysman has paid attention to the corruption in the issue of providing wagons by Ukrzaliznytsia and has set a task for the railroad company to deal with it. “That’s a good news, that the requests of cargo senders have finally been heard. We are sure that the attention of the…
DetailsThe Amurmetal plant, the only metallurgical facility in Russia’s Far East, that resumed operations in late July after a 6-month shutdown, has launched exports to Asia, the Far East Development Ministry said quoting Vladimir Lebedev, CEO of Torex-Khabarovsk, a resident of the Khabarovsk priority development area, on August 18. “Over 60% of the products is…
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