On October 26 Cherepovets Iron and Steel Works celebrated 5 years of the first electric steel manufacture. Since then over 46.7 million tons of metal have been produced. The maximum annual output of 2.047 million tons was achieved in 2007. Now the works can produce 70 grades of electric steel. The first electric steel was…Details
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Kazakhstan will be able to transport 140 thousand tons of coal per month through the territory of Russia to Ukraine, the Ministry of Trade and Integration has reported. The decision by Russia was the result of lengthy negotiations. Earlier Russia allowed transporting 120 thousand tons of coal per month to Ukraine. (Ukrainian metal)Details
Employees of Ingulets Mining and Processing Works have landscaped over 2 ha on the territory of the dump No. 3, having planted 200 lindens. This was another step of the dump revitalization. Some 2 weeks earlier 230 acacias and ailanthuses have been planted. This year two more events will be held. This will speed up…Details
ArcelorMittal Kriviy Rih has finished the reconstruction of its sintering machine No. 4. A FLSmidth electric filter has been installed at the machine. With the new filter dust emission will not exceed 50 mg per 1 cubic meter. The reconstruction of the sintering machine No. 1 has started. It will be shut down in November.…Details
According to Worldsteel, in January-September global steel output amounted to 1.391 billion tons, up by 3.85% YoY. China traditionally produced the most steel – 747.82 million tons, up by 8.36%. China’s share in the global output was 53.8%. Ukraine still retains its 13th place among 62 manufacturers – 16.4 million tons, up by 4.02%. (Ukrainian…Details
Since the start of its operation YDD Corporation has manufactured over 5 thousand tons of products. The main product is FeSi75 ferrosilicon. The plant was built in 1 year and 11 months. The company capacity is 180 thousand tons of ferrosilicon per year. After the second stage the capacity will grow to 240 thousand tons…Details
The State Property Fund of Ukraine has taken the United Mining and Chemical Company under its management. All the shares of the company have been transferred from the Ministry of the Economic Development to the fund for the further privatization. The state enterprise estimates its assets at 3.4 billion UAH. (Ukrainian metal)Details
In July Metinvest increased EBITDA by 54.3% MoM, to $145 million. Revenue dropped by 3.7%, to $946 million. Debts fell by $22 million, to $2.7 billion. In January-June Metinvest decreased net profit by 39% YoY, to $408 million. Revenue dropped by 6%, to $5.8 billion, and EBITDA – by 33%, to $890 million. (Ukrainian metal)Details
According to the Spetsstal Association, in January-August Krasniy Octyabr Iron and Steel Works returned as a leader of stainless steel manufacture. The share of the company in the overall Russian output was 30.7%. In 8 months Russia’s stainless steel manufacture grew by 9.8% YoY, to 56520 tons. (Ukrainian metal)Details
In 2020 Lebedinsky Mining and Processing Works will be switched to operation under tax monitoring. This will be the first Metalloinvest enterprise to start using the advanced format of cooperation with tax services. The enterprise is one of the largest taxpayers in Belgorod region – last year it paid over 21.4 billion rubles of taxes…Details
Koksoviy Site LLC, a part of the PMH, in Kemerovo region has assembled the last of the new 90-ton BelAZs. Under the contract the enterprise has received 31 quarry dump trucks. The first trucks started operating in June, while the last would start operating in October. The machines will be used at one of the…Details
At a meeting held on October 24 the Board of Directors of NLMK Group approved of the new composition of the group’s Management Board. The board consists of: Grigory Fedorishin, President (Chairman of the Management Board); Mikhail Arkhipov, Vice President, HR & Management System; Tatiana Averchenkova, Vice President, Operational Efficiency; Ilya Guschin, Vice President, Sales;…Details