Belarus Iron and Steel Works (BMZ trademark) has been granted a Gold Recognition Level based on its participation in the EcoVadis Corporate Social Responsibility (CSR) assessment. The result places BMZ in the top 5% of suppliers evaluated by EcoVadis, BMZ spokesman Alexander Olesik reported. The results achieved demonstrate the high professionalism of BMZ’s employees. The…
DetailsAksu Ferroalloy Works has been chosen as the site for the new energy efficiency project, as it is a leading enterprise of KazChrome in energy saving. According to the estimates, the economical effect of the project will be 346 million tenge. The project will be carried out in 3 years. Under the project the company…
DetailsIn January-June Kazakhstan produced 41161 kg of raw gold, up by 18.6% YoY.
According to the Statistics Committee of the Ministry of national economy, raw silver output dropped by 13% YoY, to 543930 kg. (Ukrainian metal)
Armet LLC, a part of Anglo Russian Gold Ltd., will construct a mine with the capacity of 1.5 tons of gold per year at the Archiyskoye deposits. Investments into the construction of the mine with the ore processing capacity of 1.05 million tons will total 4.222 billion rubles. The public hearings of the project are…
DetailsThe pipe works ArcelorMittal Tubular Products Aktau will create a new shop to produce steel pipes with corrosion-resistant insulation. The company will produce 24-meter pipe sections, which will decrease the welding volume and improve its quality, as the welding will be done at the plant. The project will also increase the Kazakhstani share – 80%…
DetailsIn January-June KAZ Minerals produced 118 thousand tons of copper, more than doubling the previous results (56 thousand tons). In Q2 the group produced 66 thousand tons of copper, with 52 thousand tons produced in Q1. In H1 the group mined 34.4 million tons of ore, up by 56% YoY. Ore processing increased 3.8-fold, and…
DetailsKyshtym Electrolytic Copper Plant has started making the foundation for 2 additional series of electrolysis baths. The assembly of the first equipment should end by 2018. Two new batches of baths (40 baths each) will be assembled under the investment project to increase the copper cathode output. In 2017-2018 KMEZ intends to equip the copper…
DetailsOn July 27 Dneprovsky Iron and Steel Combine resumed steel smelting in its converter shop.
The first smelting was carried out at the continuous casting machine.
The blast furnace shop is expecting concentrate and sinter ore delivery. The blast furnace No. 9 is being blown. (Ukrainian metal)
The Kharkiv Works “Corum Svet Shakhtera”, a part of Corum Group, has for the first time produced 3 transformer substations for the Mine named after Space Heroes of DTEK Pavlogradugol. According to Corum, the substations will lower the energy losses of the mine by 2-5%, and because of the quality materials and the manufacture control…
DetailsIn January-June Rusal decreased aluminum output from 1.835 million tons to 1.832 million tons. Aluminum manufacture in Q2 increased by 1.2% QoQ, to 921 thousand tons. In H1 Rusal increased aluminum sales by 3.8% YoY, to 1.987 million tons, with Q2 sales up by 1.7% QoQ, to 1.002 million tons. The average sales price in…
DetailsIn January-June Karelsky Okatysh produced 5.503 million tons of pellets, up by 0.6% from the target.
In Q2 the company sold 2.88 million tons of iron ore pellets, up by 12% QoQ. (Ukrainian metal)
The ore-preparing complex of Gaysky Mining and Processing Works processing factory has started constructing the ore-loading unit with the receiving bin. At present the warehouse operates 5 ore-loading units. The construction of the 6th unit is the final step of the processing factory expanding project. The unit is expected to be put into operation in…
DetailsSince the start of the year the Raspadskaya miners have yielded 4 million tons of coal, becoming one of the first in Kuzbass to reach the result in just less than 7 months.
The mine’s average monthly output is 420-700 thousand tons of coal. This year’s goal is 5.5 million tons of coal. (Ukrainian metal)
The metal companies of the South of Russia have addressed the federal authorities asking them to impose an environment tax on scrap exports. They believe this idea does not contradict the WTO norms and will have a triple positive effect: it will support local scrap processors, bring additional money to the regions and will help…
DetailsChelyabinsk Iron and Steel Works has finished the capital repairs of its blast furnace No. 1. According to the company statement, its blast furnace shop includes 3 furnaces with the combined capacity of 3.5 million tons of pig iron per year. In Q1 ChMK received 950.3 million rubles of net profits, up 2.3-fold YoY, having…
DetailsIn Q2 revenue grew by 18% QoQ, to $2.54 billion, driven by a 14% QoQ increase in sales and an improvement in the product mix (a 20% growth of finished product sales), against the backdrop of a fall in steel product prices. Q2 EBITDA eased by 2% (growth by 31% YoY), to $603 million following…
DetailsThe core owner of Russia’s Chelyabinsk Pipe-Rolling Plant (ChelPipe), Mountrise Limited, may buy a 49.89% stake of state-owned nanotechnology company Rusnano in Eterno, a white metallurgy joint venture with the plant, Rusnano said in a statement on July 26. The deal may be closed by the end of September. “Rusnano has completely fulfilled the task…
DetailsThe country’s third largest city Sumgayit will be the home to a huge metallurgical complex to be jointly built by Azerbaijan and Italy. The agreement signed between Baku Steel Company and Italian company Danieli in December 2016 will allow the country to save millions of dollars it spends on import and create opportunity for opening…
DetailsCoke coal output of the Russian coal and iron ore maker Industrial Metallurgical Holding (IMH) decreased by 3% YoY, to 1.338 million tons in January-June, the company said in a statement on July 26. Cast iron production grew by 3%, to 1.163 million tons and iron ore output rose by 3%, to 2.581 million tons.…
DetailsSeverstal management has reviewed the sum of possible claims from tax service and decreased it 50-fold. As of December 31, 2016 the possible tax claims were estimated at $400 million. In April it became known that the company had been able to decrease the claims almost 3-fold, to $132 million. According to the latest information…
DetailsIn January-June, according to railroad statistics, the delivery (including imports) of metal products for construction to the trade networks and direct supplies from metal companies to construction enterprises decreased by 3.6% YoY. Bars constituted 43.5% of all deliveries, having increased by 0.2% YoY. Roof steel totaled 8.8%, down by 17.5%. Shaped sections (beams, channel, angles)…
DetailsKorolevsky Pipe Works is expanding the geography of its presence on the Russian market by opening a warehouse in St. Petersburg. The opening of the new site will decrease logistics expenses of buyers from the North-West of the country, while the broad range of products and good location of the warehouse will make the purchase…
DetailsThe Demidov Group of Companies has increased the prices of its products by 3-8%. The highest growth was in the segment of thin-walled section pipes (1-1.5 mm wall thickness). According to the company statement, the price increase has to do with the high demand, low stocks and the sharp rise of hot-rolled metal prices at…
DetailsIn June Ukraine produced 5812.6 thousand tons of iron ore raw materials, down by 263.8 thousand tons MoM. The average daily output dropped by 8.4 thousand tons, to 125.6 thousand tons. In January-June Ukraine produced 35 million tons of iron ore raw materials, down by 2 million tons YoY. Deliveries of local raw materials to…
DetailsIn May Metinvest increased its EBITDA by 13.24% MoM, to $154 million, having increased its earnings by 22.22%, to $737 million. According to the group report, in May it sold 262 thousand tons of semi-finished products valued at $109 million, and 425 thousand tons of other metal valued at $719 million. As well as 74…
DetailsOn July 26 the ArcelorMittal Kriviy Rih miners, employees and the union representatives went on a strike with a number of demands, the main being the salary of 1 thousand euro. According to the miners (some hundred of them), the company management refuses to cooperate with them and react to their demands. They believe that…
Details