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Russian hydropower giant RusHydro’s board of directors will consider participating in construction of aluminum giant UC RUSAL’s Taishet Aluminum Smelter on April 19, after a strategy committee has discussed it. The participation plan includes creation of a special purpose vehicle with RUSAL to raise $1.1 billion project financing, of which about $200 million will be…
DetailsThe Metinvest mining and metal group has warned individuals and legal entities that are both residents and nonresidents of Ukraine against the illegal use of its property remaining at the enterprises in the non-controlled territory (NCT) that have taken over by representatives of the so-called “Donetsk People’s Republic” (DPR) and “Luhansk People’s Republic” (LPR). The…
DetailsMakeevka Metal Works, seized by the militants of the terrorist organization DPR, has supplied the first batch of wire rod of 1 thousand tons to the Khartsyzsk steel wire and rope works Silur, also controlled by the militants. According to the press service of the so-called ministry of industry and trade of the DPR, the…
DetailsThe sinter shop is the first link in the manufacturing chain of the Nadezhdinsky Iron and Steel Works. To improve the quality of the semi-finished products the works will invest 57 million rubles into the shop modernization. The construction work will begin in late May – early June. The new screen and crusher will be…
DetailsVSMPO-Avisma is negotiating the prolongation of its contract with Airbus. The corporation currently has some 3 score long-term contracts, including some for 10 years. “The Airbus contract expires in 2020, and we have already started negotiations to prolong it. Contracts with Boeing have recently been prolonged to 2022 and 2025”, VSMPO-Avisma marketing and sales deputy…
DetailsUkrzaliznytsia has announced 2 tenders to sell ferrous scrap. According to the company statement, registration is open until April 21. The auctions will held on April 25. The first lot features 24 thousand tons of steel scrap valued at 122.76 million UAH. The second is 22 thousand tons of steel scrap No. 4 (wheels, beams,…
DetailsAs of April 10, average daily metal output decreased by 7-9% MoM. As of April 11, 17 out of 28 blast furnaces (61%), 13 out of 21 converters (62%), 8 out of 9 open-hearth furnaces (89%) and 5 out of 16 electric arc furnaces (31%) were in operation. Average daily steel output in March totaled…
DetailsOn April 6, Dneprovsky Iron and Steel Works started blowing-in of its blast furnace No. 9, but on April 10, had to shut it down once more. The first time DMK had to shut down because of the lack of coke, used to be supplied by the Alchevsk Coke Plant from the uncontrolled territory. On…
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