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Beloretsk Iron and Steel Works, a part of Mechel, has prolonged its loan line from Gazprombank till April 2022. According to the company statement, the volume of the loan is 3.1 billion rubles, or 19.9% of the assets cost as of the end of Q1. The initial agreement with the bank was signed in April…
DetailsUral Mining and Metallurgical Company has increased its share in Chelyabinsk Zinc Works to 97.714%. Last year ChTsZ produced 174.803 thousand tons of zinc and alloys as opposed to 171.002 thousand tons in 2015. (Ukrainian metal)
DetailsFerrum has received the new pipe-welding mill. The mill produces thin-walled cold-rolled pipes with 0.5-1.6 mm wall thickness. This will be a unique product for Novosibirsk region. The mill will be put into operation in late May. Ferrum started producing electric-welded pipes in 2015. It has 3 mills with the total capacity of 15 thousand…
DetailsA working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Anatoly Sedykh, Chairman of the Management Board of United Metallurgical Company (OMK), took place in Moscow. It was noted that the long-term cooperation between the companies had strategic importance. Pipe products made by OMK comply with high standards and requirements set by…
DetailsMetal railroad exports in January-March decreased by 6.3% YoY, to 7.07 million tons, imports increased 3.9-fold, to 160 thousand tons. Railroad metal throughput in Q1 dropped by 4.7% YoY, to 7.23 million tons. Railroad metal delivery to port Novorossiysk for exports dropped by 12.2%, to 2.6 million tons, Tuapse – by 0.7%, to 560 thousand…
DetailsBecause of the railroad accident on the Volnovakha-Karan route, Mariupol Ilyich Iron and Steel Works will not produce 11 thousand tons of pig iron. “Minus 3 trains with raw materials through Kamysh-Zarya route on April 8, minus 8 trains today, this means we will lose 11 thousand tons of pig iron in production (around $4…
DetailsMoody’s international ratings agency has improved Ferrexpo plc corporate rating from Caa3 to Caa2. Default risk rating has been increased from Caa3-PD to Caa2-PD, while its bonds from Caa3 to Caa2. The outlook on all ratings is stable. In 2016 Ferrexpo, which controls Poltava and Yeristovo Mining and Processing Works, received $189.2 million of net…
DetailsMariupol Ilyich Iron and Steel Works has finished the capital repairs of its blast furnace No. 3. “In 12 days all the repair work has been successfully completed”, the company CEO Yuri Zinchenko wrote on his Facebook page. The repairs will allow the blast furnace to reach its maximum capacity – 3450 tons of pig…
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