In 2018 Metinvest received $1.188 billion of net profit, up by 93% YoY. According to the group statement, revenue grew by 33%, to $11.88 billion, EBITDA – by 23%, to $2.513 billion, gross profit – by 28%, to $2.787 billion and cash flow – by 85%, to $1.103 billion. At the same time the debt…
DetailsAbinsk Electrometallurgical Works intends in late 2019 to put into operation its 5th stage and start producing wire with aluminum-zinc coating. The capacity of the complex will be 24 thousand tons per year. At present there is no manufacturer of such wire in Russia. Investments in the project will total some 2.9 billion rubles. Recently…
DetailsFrom May 1, ArcelorMittal Kriviy Rih, the biggest company of mining and metallurgical complex of Ukraine, is raising salaries of all its employees and employees of its subsidiaries by 15% on average and for certain professions – up to 20%. Last year, ArcelorMittal Kriviy Rih raised the salary twice – in May and October. In…
DetailsRussian metals giant Norilsk Nickel plans to develop projects to produce palladium to counter an expected deficit of the material, necessary for batteries production, on the market, CEO Vladimir Potanin announced. “Electric car producers are worried about the future lack of palladium. The volume of the metal that we produce and sell is absolutely clear.…
DetailsKrivoy Rog Iron Ore Industrial Complex has published the wages of its employees for February. On February 28 a Gvardeyskaya mine employee published in social networks the data on low salary at the mine. “This site has not fulfilled its manufacturing plan for February – it was only 33.3% fulfilled”, the enterprise noted. After that…
DetailsThe state enterprise Ukrinterenergo has fulfilled its intention to stop electricity supplies to some Lisichanskugol departments. At present only the main fans, pumping and cage hoist are operating at the mines. All the other services have no electricity. The energy company warned the coal miner that this was only a part of the punishment for…
DetailsThe development of the Khokhlovskoye deposit will help Dalur keep its uranium output on the present level.
The work started in 2013. In 2015 a local sorption site was put into operation.
Soon construction of a railroad base will start not far from the central node of the deposit. (Ukrainian metal)
TMK is pondering the IPO of its European division. According to the company deputy CEO on strategy and development Vladimir Shmatovich, the decision could be taken soon. “As early as in H1”, he said. The main reason of the IPO is attracting funds. The group is also working on the American division IPO. But it…
DetailsVSMPO is reconstructing vacuum arc furnaces Nos. 17 and 18 in the shop No. 31.
After modernization they will be able to produce ingots with the weight of 4 tons as opposed to 2 tons previously.
The work started in November 2018.
In 13 months the furnaces have to yield the first ingots. (Ukrainian metal)
The 262 long face of the Vorkutaugol Vorshagorskaya mine has reached its design capacity of 180 thousand tons per month.
The reserves of the long face are some 1.325 million tons of coal.
The miners intend to finish developing it in September.
The long face was commissioned in late January. (Ukrainian metal)
On March 11, Metall-Don signed a major export contract to produce metal structures for the Frigia bauxite-alumina complex owned by Rusal.
The cost of the contract is 75 million rubles.
The structures will be delivered to Guinea by sea. (Ukrainian metal)
The Urals enterprises of Evraz in 2018 improved the working conditions of 4 thousand metallurgists and miners.
The group spent over 900 million rubles on the labor and industrial safety programs.
Some enterprises replaced lighting in warehouses and railroad sites.
Others provided their employees with personal protection means. (Ukrainian metal)
Chelyabinsk Iron and Steel Works has carried out an environment project. One of the rolling shops has been switched to using recycled water in its manufacture. This allowed decreasing water discharge by a third, or by 500 cubic meters per hour. A new water pipeline with the length of 600 meters has been constructed and…
DetailsIn 2018 Dneprospetsstal received 428.45 million UAH of net losses as opposed to 61.02 million UAH of net profit in 2017. The uncovered losses as of the end of 2018 totaled 2.35 billion UAH. The company current liabilities dropped by 56.9%, to 2.12 billion UAH. At the same time fixed liabilities grew 2.9-fold, to 4.73…
DetailsArcelorMittal Kriviy Rih will continue the modernization of its strategic energy infrastructure. Recently several contracts have been concluded. One of them is the supply of a new 16B cooling tower. It is needed to cool the power plant, blast furnaces and compressor station water. The tower is expected to be put into operation this summer.…
DetailsIn 2018 Pobuzhye Ferronickel Plant increased ore processing by 11.8% YoY, to 1.431 million tons. According to the company CEO Oleg Bespalov, this equals to 77 tons of ferronickel, up by 6.2%, or 15.8 thousand tons of raw nickel, up by 3.4%. This year PFK intends to process 1.572 million tons of ore and extract…
DetailsKrasniy Octyabr Iron and Steel Works has mastered the manufacture of a new product – bar of high-alloyed, corrosion-resistant steel of EP 54 grade (08X21H6M2T).
Previously of this steel the company manufactured only sheets.
The technique allows producing hot-rolled bars with the diameter of 65 to 200 mm. (Ukrainian metal)
Chepets Mechanical Works has received a Russian patent for the HighMet wire and the technique to produce it. The technique is used to produce, among other things, calcium injection wire. The technique was developed several years ago. Now the company is the only manufacturer of such wire of its own electrolytic calcium in Russia. “We…
DetailsSeverstal-Metiz has completed a program to replace shop and outdoor lighting system at its manufacturing sites in Cherepovets, Orel and Volgograd. In 2018 the company energy engineers were replacing old lamps with LED-lamps. The new lamps are 3 times more efficient and do not require repair. Because of modernization the company expenses on lighting decreased…
DetailsAccording to the Federal Service of State Statistics, in January-February Russia produced 749 thousand tons of metal structures, up by 26% YoY. In particular, in February the output grew by 19.9% MoM and by 28% YoY. Aluminum structures accounted for 7.3 thousand tons. In February output dropped by 5.1% YoY, but increased by 42.2% MoM.…
DetailsOn March 19 the pelletizing machine of Karelsky Okatysh produced the anniversary 300-millionth ton of pellets. The first million tons was produced on March 5, 1983. The 100-millionth ton was manufactured on November 29, 1996. Another milestone – 200 million tons – was reached also in 13 years. But after that the rate grew –…
DetailsIn January-February Kazakhstan produced 0.074 million tons of raw copper, up by 5.4% YoY. In February copper manufacture grew by 2.8% YoY, but dropped by 1.2% MoM, to 0.037 million tons. Zinc output in 2 months decreased by 4% YoY, to 0.052 million tons. In February Kazakhstan produced 0.027 million tons of zinc, down by…
DetailsMMK Trading House is now among the top 1,000 most successful Russian suppliers, according to the electronic trading platform B2B Center. The study was conducted with 406,000 companies. The list of the most successful Russian suppliers was compiled based on the results of 2018 by a special computer algorithm with a number of different criteria.…
DetailsIn 2018 Pobuzhye Ferronickel Plant invested 74.1 million UAH in the repair of its main machinery. In Q1 the company plans to repair the ore-smelting furnace No. 1 (the repair will be carried out in 53 days) and the tube-type rotary kiln No. 1 (50 days). “The repair will result in the decrease of capacity…
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