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According to World Steel Dynamics Inc., two Russian companies entered TOP-5 of the most competitive steel companies of the world. 37 companies participated in the research. Severstal was placed second with 7.79 points, while NLMK, fifth last year, went up one position. Posco heads the list with 8.31 points. (Ukrainian metal)
DetailsUralelectromed has started assembling pipelines for electrolyte circulation under the second stage of the copper electrolysis shop construction. The total length of the pipelines will be 10 km. The pipelines will be used to prepare, distribute and circulate electrolyte from tanks to 448 electrolysis baths. The construction of the second stage began in July 2014.…
DetailsThe Ministry of energy expects coal exports to grow by 6.3-9.4% YoY in 2017, to 175-180 million tons. In 2016 Russia exported 164.6 million tons of coal, up by 8.7% YoY. The ministry also expects coal output to reach 395 million tons this year, up by 2.4% YoY. (Ukrainian metal)
DetailsUralskaya Kuznitsa has started producing rods of special steel grades and heat-resistant alloys for aviation engine building. The quality of the new products has been confirmed by the Aviation materials research institute. UralKuz manufactures new products together with Izhstal and Beloretsk Iron and Steel Works. UralKuz smelts steel and alloys and produces rods and billets…
DetailsCherepovets Iron and Steel Works has started assembling the crane produced at the machine-building shop of SSM Tyazhmash. “The No. 42 crane is our largest project in 2017. Its lifting capacity is 70 tons, length – over 34 meters, and weight exceeds 248 tons”, Severstal Russian Steel repair division director Sergey Dobrodey said. The new…
DetailsBASF and PJSC MMC Norilsk Nickel (Nornickel) announced that they had signed a Memorandum of Understanding and entered exclusive negotiations to cooperate on the supply of raw materials for future battery materials production for lithium-ion batteries in Europe. BASF intends to invest up to 400 million euro in a first step to build industry-leading production…
DetailsRussian gold producer Polyus has set the price guidance of its secondary public offering (SPO) close to the lower bracket of a $66.5-70.6 range per share, a source close to the placement reported. The initial placement price guidance was set at $33.25-35.3 per global depositary share (GDS), which corresponds to $66.5-70.6 per share. “The lower…
DetailsDTEK Komsomolets Donbassa mine, with assets on the occupied territory of Donetsk region, has to pay 13.8 million UAH to the Pension Fund. The company has long been not paying pensions to its employees and not reimbursing the Pension Fund, as the result its debt amounted to 13.8 million UAH. The Donetsk region prosecutors filed…
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