Russia: SUMZ to invest 200 million rubles in Vanyukov furnace repair

Sredneuralsky Copper-Smelting Works has started the scheduled repair of the Vanyukov furnace No. 1.

The company intends to invest some 238 million rubles in the repair.

The furnace commissioning is scheduled for June 8.

The Vanyukov furnace No. 1 was put into operation in 1994, and No. 2 in 2009. (Ukrainian metal)

Russia: Rusal revenue up in Q1 2018

In January-March Rusal revenue totaled $2.744 million, up by 19.5% YoY. The revenue grew following the increase of aluminum prices at the LME by 16.7%, to $2.159 thousand per ton from $1.85 thousand per ton. As the result the adjusted EBITDA increased by 20.4%, to $572 million from $475 million. Aluminum output in January-March dropped…

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Russia: Karelsky Okatysh commissions new rope carriers

Karelsky Okatysh has put into operation a new unique rope carrier.

The machine is intended to quickly replace steel ropes at 10- and 20 cubic meters excavators.

The first rope carrier was assembled 9 years ago by KamAz specifically for Karelsky Okatysh. (Ukrainian metal)

Russia: Dmitriy Kolomytsyn appointed NLMK Group Director, IR & Capital Markets

NLMK Group, a global steel company, has appointed Dmitriy Kolomytsyn Director, IR & Capital Markets. Kolomytsyn previously held the position of Head of Corporate Development. Sergey Takhiev, who previously headed NLMK Group’s Investor Relations, has decided to continue his professional growth in another company. Dmitriy Kolomytsyn joined NLMK Group in 2016. As Head of Corporate…

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