In February Kirov Non-Ferrous Metals Processing Works has started manufacturing a new import-replacing product – cold-rolled copper plates. They are used in ferrous metallurgy when producing crystallizers and are mostly imported from Europe. The company plate-straightening machine EZW43Q-90*1300 provides for straightening of sheets and plates with the thickness of 20-90 mm, while the band saw…Details
Kyshtym Electrolytic Copper Plant has finished assembling two rows of baths (40 baths each) in the copper electrolyses shop. The final stage of the modernization project was the assembly of power network. To connect the new baths to the grid the whole manufacturing process had to be suspended for 10 hours. In April the company…Details
In 2017 thanks to the energy efficiency improvement program VIZ-Stal decreased specific power intensity of transformer steel manufacture by 4.3%, to 7.63 Gcal per ton. In the past 5 years this parameter has decreased by 18%. Implementation of new techniques, replacement of outdated machinery, projects of resources saving and manufacturing processes optimization allowed the company…Details
Private limited company Metinvest B. V. has increased its share in Avdiivka Coke and Chemical Works from 87.7581% to 94.6003%.
The company bought the shares on the secondary market.
The Metinvest B. V. share in the voting shares of the company totaled 95.1176%.
The Avdiivka Works charter capital is 485.75 million UAH. (Ukrainian metal)
In 2017 Mechel increased its net loss 1.9-fold YoY, to 15.2 billion rubles. According to the company statement, its revenue decreased 2.1-fold, to 5.99 billion rubles, gross profit dropped 4.1-fold, to 3.05 billion rubles, and sales profit – 7.3-fold, to 1.5 billion rubles. Other income grew 2-fold, to 15.3 billion rubles. The company fixed liabilities…Details
Russian coal producer Kolmar plans to raise coal production to 6.5 million tons in 2018 from 4.5 million tons in 2017, CEO Sergei Tsivilyov said on February 27. “In 2017 we already produced 4.5 million tons of coal, we’ve now purchased a lot of equipment, and our plans for 2018 is 6.5 million tons of…Details
Vysochaishiy (GV Gold) has relocated to a new business-center in Moscow situated on the Kadashevskaya Embankment Street. According to the company statement, the agreement to lease 1.3 thousand square meters was concluded with BASF in November 2017. The company occupies the whole floor of the office block. Vysochaishiy is among top-15 gold-mining companies in Russia.…Details
A unique train loaded with zinc and copper departed from Novo-Ust-Kamenogorsk. 114 loaded rail cars are headed to the port of Novorossiisk and from there will continue their way to Turkey, Spain, Italy and other foreign countries. “Delivery is a hot topic for Kazakhstani producers, which are geographically remote from the major transport hubs,” Head…Details
Residents of Chatkal district of Jalal-Abad region tried to take gold ore from the gold field Ishtamberdi, the regional police department informed. The CEO of Full Gold Mining turned to the police with statement. He said that at night about 50 people entered the mine and illegally dug out gold ore. As the police said,…Details
Radiation level in Ak-Tyuz village, Kemin district, after a break in a pipe with chemical waste remains normal, the State Committee for Industry, Energy and Subsoil Use reported. According to its information, a sharp drop in air temperature caused a break in the joint on the pipe of the pulp feed-line, running from the concentrating…Details
The number of business entities involved in operations with precious metals and stones increased in Kyrgyzstan in 2017, the Ministry of Finance reported with reference to the Department of Precious Metals. According to it, last year 877 business entities were involved in such operations (in 2016 – 608). According to statistics, most of the entrepreneurs…Details
In 2017 Interpipe paid 1.89 billion UAH to the budgets of all levels. According to the company statement, the volume increased by 32% YoY. In particular, the state budget received some 950 million UAH, and local budgets – around 640 million UAH. “Each ton of our products brings 2464 UAH to the budget”, the company…Details
In January Ferrexpo exported 921.8 thousand tons of iron ore pellets. In particular, Poltava Mining and Processing Works exported 875.3 thousand tons of pellets and Yeristovo GOK – 46.5 thousand tons. Karelsky Okatysh, a part of Severstal, Russia, exported 447 thousand tons of pellets. Metinvest in January exported 345.7 thousand tons (CGOK – 218 thousand…Details
Ural Steel (a part of Metalloinvest) has completed modernization of the vacuum degasser at the electric arc furnace shop (EAFS) increasing the unit’s capacity by 50%, to 1.8 million tons per year. Total investments in the project amounted to 230 million rubles. The supplier of the equipment was Italian company Danieli. The upgrade of the…Details
Evraz has won the VEB competition to manage Sibuglemet. According to the sources, the new management contract was concluded on “the same conditions” (Evraz has been managing the asset since 2015), but details were not disclosed. Sibuglemet capacity is 5 million tons of coking coal per year. Its reserves are estimated at 300 million tons.…Details
Metinvest decided to liquidate Donetskkoks, situated in Ukraine-uncontrolled territory, as a legal entity. According to the official statement, the issues of the company liquidation and the creation of the liquidation committee are on the agenda of the annual shareholders meeting to be held on March 29. In 2017 Donetskkoks decreased net loss 11.5-fold YoY, to…Details
NLMK Group is launching an electronic voting (e-voting) service for its shareholders. The company will hold the first electronic vote in its history during the Extraordinary General Meeting of Shareholders on March 12, for voting on its new CEO (Chairman of the Management Board). The e-voting service offers shareholders a more convenient method for casting…Details
In 2017 Russia exported 1.45 million tons of steel to Belarus, up by 22.6% YoY. According to the customs statistics, revenue grew by 47.7%. These are the highest results since 2014. Flat rolled metal accounts for 46.6% of the exports, up by 19.6% (revenue grew by 45.6%). Bars and sections share totaled 34% (up by…Details
Orel Steel Works has opened a fasteners warehouse after reconstruction.
The cost of the project was 20 million rubles.
In summer the company will commission its third thermo-hardening machine. Investments will total 133 million rubles.
Orel Works fasteners are used in major construction projects, for example, grand stands of Yekaterinburg-Arena. (Ukrainian metal)
Alexandra Buriko has been appointed CEO of Rusal. Previously she served as the CFO. The ex-CEO Vladislav Soloviev has been appointed EN+ CEO, as well as Rusal president. Buriko has been CFO since October 2013. Her key priorities in the new office will be Rusal development through improving efficiency, implementing new environment-friendly techniques, increasing the…Details
In 2017 Energoprom – Chelyabinsk Electrode Works manufactured 70 thousand tons of goods, up by 40% from the target. The main products – anode blocks – saw the largest plan overfulfillment – by 10 thousand tons. “The plan overfulfillment was provided for by the efficient management of manufacturing processes and repair programs. We also paid…Details
Sergey Goman has been appointed Zaporozhogneupor CEO. He has previously worked as the technologies and quality director at Zaporizhstal. In his new office Goman will continue investment projects aimed at improving product quality, service level and expanding the product mix. Victor Busko, who has been the CEO of Zaporozhogneupor since 2012, will continue his carrier…Details
The Russian presidential administration is watching the development of a conflict between the shareholders of metals producer Norilsk Nickel, spokesman Dmitry Peskov declared on February 26. “Bearing in mind the size and the importance, the social importance, the economic importance of the company, the Kremlin is of course watching how the management situation is unfolding,”…Details
Ukraine in January reduced steel production by 0.1% compared to the same period in 2017, but increased by 1.9%, to 2.1 million tons, from December 2017, ranking tenth in the rating of 64 countries, the world’s major producers of this product, compiled by the World Steel Association (Worldsteel). In January the growth of steel smelting…Details