Ukraine: gas consumption by metal companies up in 2017

In December 2017 Ukrainian metal works consumed 190 million cubic meters of natural gas, up by 15% MoM.

In 12 moths gas consumption grew by 3%, to 1.8 billion cubic meters.

Electricity consumption dropped by 11%, to 11.5 billion kW-h. (Ukrainian metal)

Russia: Electrozinc starts modernizing cooling stack

Electrozinc has started modernizing the cooling stack of the steam-power shop.

The modernization is supposed to improve efficiency of maintenance and decrease energy expenses.

It is expected that the cooling stack will resume operation in May.

Investments total around 50 million rubles. (Ukrainian metal)

Russia: CherMK commissions first industrial 3D-printer

Severstal has commissioned the first industrial 3D-printer at Cherepovets Iron and Steel Works.

Investments totaled 4.3 million rubles.

With the help of the printer the machine-building shop will produce molds for cast parts. The printer is expected to produce around one third of all molds. It takes 16 hours to print one mold. (Ukrainian metal)

Russia: Evraz steel output up in 2017

In 2017 Evraz increased steel output by 3.8% YoY, to 14.033 million tons. According to the company statement, in Q4 2017 steel manufacture grew by 1.4% QoQ, to 3.546 million tons. Semi-finished products output increased by 6.5% YoY, to 5.519 million tons, while that of construction rolled metal dropped by 7.9%, to 3.139 million tons.…

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Russia: MMK to reconstruct oldest blast furnace

Magnitogorsk Iron and Steel Works is reconstructing its oldest blast furnace No. 1, commissioned in 1932.

The project presupposes the reconstruction of the foundry yards of the BF1, the capacity of which is 1.25 million tons of pig iron per year, and the volume – 1370 cubic meters. (Ukrainian metal)

Kazakhstan: gold output up in 2017

In 2017 Kazakhstan produced 85029 kg of gold, up by 13.8% YoY.

According to the Ministry of the national economy, silver output dropped by 10.8%, to 1058605 kg. (Ukrainian metal)

Russia: Mechel borrows 1.44 billion rubles from ChMK

Mechel has concluded an agreement on borrowing 1.44 billion rubles from Chelyabinsk Iron and Steel Works.

The agreement was signed on January 15 and is valid through October 1, 2022.

The interest rate on the loan is not revealed. (Ukrainian metal)

Ukraine: Dneprometiz to increase output in 2018

In 2017 Dneprometiz operation was stable, according to the company CEO Alexander Yakovlev.

Last year the company produced and sold over 85 thousand tons of metal wares. EBITDA totaled $3 million.

This year the company intends to increase output to 90 thousand tons.

EBITDA is expected to grow to 90 million UAH. (Ukrainian metal)

Russia: MMK starts constructing sinter factory

Magnitogorsk Iron and Steel Works is finishing the preparatory works at the new sinter factory construction site: the builders are making foundation and assembling metal structures. In March they intend to start assembling the main machinery. Investments will total around 22 billion rubles. Construction started in December 2016. The first object of construction was the…

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Ukraine: Surgay Mine orders 1.8 million UAH worth of goods

The state enterprise Mine named after Surgay has concluded agreements on the delivery of goods valued at 199,999 UAH each at the total amount of 1.8 million UAH.

As the expected price of each purchase was below 200 thousand UAH, the enterprise was allowed not to hold the open trade. (Ukrainian metal)

Russia: UEM gets new non-ferrous alloys mills

“Non-Ferrous Metals Alloys Manufacture” of Uralelectromed has received new machinery valued at 10.5 million rubles. In particular, hydraulic forming machines have been supplied from Turkey and vertical milling machine – from Belarus. The new machinery will improve productivity and increase product range. The purchase of the new mills was presupposed in the program of modernization…

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