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The annual shareholders meeting of Asha Iron and Steel Works decided to leave the 2016 net profit to the company and not to pay dividends. According to the company CEO Vladimir Myzgin, the year 2016 was more efficient than 2015. Despite tough conditions on sales markets and sanctions, the company increased output by 6% YoY.…
DetailsPolyus has published its forecast for 2017-2019. Since 2013 the company has increased gold output by 19%, to 1968 thousand ounces. According to the results of Q1, the company confirms its forecast for this year of 2.075-2.125 million ounces of gold. In 2018 the output will increase to 2.35-2.4 million ounces, and in 2019 –…
DetailsUnited Metallurgical Company has started producing large diameter section pipes (100-300 mm), which are starting to be widely used in metal structure manufacture. In particular, such pipes are used in the construction of stadiums for FIFA 2018. They are also used in the construction of industrial buildings, hangars, and even in housing. This year the…
DetailsAsha Iron and Steel Works has started producing 12-meter sheet for welded beams. According to the company representatives, there is a demand for such products. 12-meter sheets allow producing the beam of the necessary length without additional welding. AMZ plans to continue modernizing its sheet-rolling manufacture, improving the quality and expanding the product range. In…
DetailsIzhstal has finished capital repairs of its electric arc furnace, which produces alloyed, stainless and speed steels. “The EAF-25 produces the most profitable products. So we pay special attention to the conditions of the furnace. The repair will provide for the faultless operation of the furnace and decrease energy consumption and refractory materials usage”, the…
DetailsSberbank and Severstal, the vertically integrated mining and metallurgical company, have announced collaboration in technological innovation. This year at the 11th St. Petersburg International Economic Forum Severstal and Sberbank presented their latest prototype, which would enable the secure transfer of international letters of credit using blockchain technology. During the demonstration, the companies tested the prototype…
DetailsThe state enterprise Sea trade port Yuzhniy has chosen Yuzhmetiz LLC the supplier of steel ropes valued at almost 3 million UAH. The company was created in 2001 and started participating in state tenders in 2009. Another contender was the private firm Oriya. (Ukrainian metal)
DetailsRUSAL has offered RusHydro a 50% stake in a project to complete construction of the Taishet Aluminum Smelter in the Irkutsk region, CEO Vladislav Solovyov reported on June 5. “We have made our proposal for RusHydro as comfortable as possible. Their participation in the project almost does not require financial expenses at the moment. Tariffs…
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