Metinvest has created a new enterprise – Metinvest Digital LLC. The company will be responsible for all the IT-related tasks for the Metinvest group. It is also planned to create expertise on new digital solutions and improve project starts. Sergey Detyuk has been appointed the CEO of the new company. All the staff of the…Details
An ArcelorMittal Kriviy Rih employee was injured while transporting rock. The locomotive brigade – the train driver and his assistant – were transporting the rock from the quarry. According to the official information, the assistant jumped out of the moving train and thus was injured – he broke his left arm. AMKR employees in social…Details
In January-September Kamchatka sold 16 thousand tons of coal, down by 12.5% YoY. Only one company in the region is mining coal – Palana-ugol LLC. The company is developing the Palana deposits. Last year Palana-ugol sold 20 thousand tons of coal. This year the sales are expected at the same level. The company has been…Details
The processing factory of the Alexandrinskaya Mining and Ore Company in Chelyabinsk region has started preparing foundation for a new filter-press of copper processing cycle. The hydraulic filter-press of the new generation will allow decreasing the moisture of the copper concentrate from 12% to 8%. Investments in the project will exceed 60 million rubles. Over…Details
The city of Kurgan is selling an enterprise producing door accessories and ornamental wares of metal – the Non-Ferrous Castings Works. The starting price of the whole complex is 500 million rubles. The shop premises, warehouses, land plots, special and industrial machinery, gas pipelines, shafts, transformer power plants, etc. will be sold. The total size…Details
Ural Mining and Metallurgical Company is mulling the issues of the possible increase of Chelyabinsk Zinc Works capacity following the fire at Electrozinc in the city of Vladikavkaz. “We are studying the issue of organizing temporarily ways to deliver raw materials and ship manufactured goods, including with the participation of ChelZinc. But so far we…Details
In January-September Mednogorsk Copper-Sulfur Works produced 35366 tons of raw copper, up by 9.6% from the target. Next year the copper-smelting shop will undergo a reconstruction. In particular it is planned to repair and modernize the Pobeda smelting machine and construct the second stage of the oxygen plant. In order to reconstruct the sulfur acid…Details
The Pipe Metallurgical Company has shipped a batch of corrosion-resistant casing pipes of 13Cr steel with TMK UP PF joints to Gazprom to be used at the Kirinskoye deposits.
The pipes have been successfully lowered to the shafts.
The first deliveries of TMK pipes to the deposits were carried out in 2015. (Ukrainian metal)
Russian steelmaker Novolipetsk Steel (NLMK) plans to raise capital expenditures in 2019 from $650-700 million expected in 2018, CEO Grigory Fedorishin said. He said that the company planned to raise capital expenditures in the next two to three years to support capacities, in particular, to rebuild two blast furnaces and two converters. “This way, capital…Details
Prices of precious metals decreased in Azerbaijan on October 26, according to the data published by the Central Bank. The price of gold dropped by 8.0325 manats, to 2,094.2045 manats per ounce on October 26 compared to the price on October 25. The price of silver fell by 0.1834 manats, to 24.876 manats per ounce.…Details
In January-August Russia imported 29 thousand tons of corrosion-resistant seamless steel pipes valued at $118 million, up 2.4-fold and 1.5-fold YoY respectively. According to the customs statistics, this is the record-high result in 8 months in the past few years. Kazakhstan was the main supplier with the share of 54%. It was followed by China…Details
In August Russia exported 8.9 thousand tons of corrosion-resistant steel scrap and waste valued at $10 million, down by 24.3% YoY and by 2.8% respectively. According to the customs statistics, in January-August exports totaled 73.9 thousand tons valued at $82 million, up by 28.3% and by 47.8% YoY respectively. Scrap with the nickel contents of…Details
Belarus Iron and Steel Works has mastered the manufacture of new rebars according to ASTM A706/A706M-16 for the needs of customers from Panama. This year the company has already sold over 10 thousand tons of such rebars there. The mastering of the new rebars type at BMZ started in early 2018. In spring the first…Details
In January-September TALCO produced 72.5 thousand tons of aluminum, down by 3.6 thousand tons YoY. According to the company, the decrease is due to the capital repairs of machinery. The repair and modernization of 300 electrolysis baths is expected to have finished by the end of the year, and the growth in output will begin…Details
On October 22 Polyus Aldan reached the highest level of gold output in the past several decades.
Since the start of the year it has extracted 5 tons of gold.
“In Q3 gold output grew by 13% QoQ, due to the increase of ore processing”, the company managing director Alexei Noskov said. (Ukrainian metal)
In January-September gold output at Seligdar grew by 23% YoY, to 4188 kg. Alluvial gold, extracted at Sininda-1, accounted for 76 kg. Nizhneyakokitsky Plant mined 1910 kg of gold, up by 6% YoY. Rock excavation increased by 14%, to 15 million cubic meters. Ore mining grew by 82%, to 9 million tons. By the end…Details
Under the project to develop horizons of the underground mine at the depth of 830-1310 meters, Gaysky Mining and Processing Works has constructed a crushing and conveyer complex No. 11 and a new conveyer gallery No. 10 at the depth of 1095 meters. The machinery is united in a single technological chain with other objects…Details
The United Metallurgical Company (OMK) is implementing a SAP EWM solution to manage warehouses at the Vyksa Iron and Steel Works. With the help of the system the company intends to decrease labor costs by 15% as a whole and by 30% on annual inventory work. After a pilot project at two VMK works, the…Details
NLMK-Kaluga has mastered the manufacture and certified the A600 and A600 C rebars with diameter of 10 to 25 mm for ferroconcrete structures. The new products are 20% stronger than the A500 C rebars previously made by NLMK-Kaluga. “The priority for all NLMK enterprises is the manufacture of steel products meeting the highest standards. We…Details
In Q3 Evraz decreased its consolidated steel sales by 10.3% YoY, to 3.1 million tons. The decrease is due to the drop in pig iron manufacture. Rolled metal sales fell by 1.2%, mostly because of the decrease in the railroad rails, wheels and flat metal sales. Semi-finished steel products sales fell by 0.7%. Coking coal…Details
Russia sells coal from the territory of Donbas not controlled by the Ukrainian authorities to Turkey and possibly to Poland, Ukrainian Foreign Minister Pavlo Klimkin has said. Klimkin said that Russia blended Ukrainian coal with its own coal so that it could not be identified. “Then the coal goes to Turkey. Now the investigation is…Details
In September Ukraine dropped to the 13th place in the rating of 67 countries, compiled by the World Steel Association. China traditionally occupies the first place with 80.85 million tons of steel produced, up by 7.5%. Ukraine decreased steel output by 7.6%, to 1.787 million tons, losing to Taiwan, which increased steel manufacture by 6.5%,…Details
According to the Electrozinc CEO Igor Khodyko, the restoration of the electrolysis shop following the October 21 fire might take 6-8 months. “The works has completely stopped operating. But now we are pondering the resumption of the shop work. First we have to estimate damages and compile a schedule of work”, he said. He stressed…Details
The NLMK trading house is starting online sales of rebars from its warehouse in the city of Kazan.
The first customers will be provided with a discount from each ton ordered.
The warehouse offers 12 types of rebars in rods and 8 types of rebars in coils.
The minimum order is 4 tons. (Ukrainian metal)
At a meeting held on October 25 NLMK Group’s Board of Directors recommended the company’s shareholders approve payment of Q3 dividends of 6.04 rubles per share at the upcoming Extraordinary General Shareholder Meeting (EGM), which would be held on December 21. The dividends are equivalent to 86% of the company’s free cash flow based on…Details
In Q3 NLMK Group EBITDA growth totaled 11% QoQ, to $1,015 million. EBITDA margin was 32%. Net income grew by 11%, to $646 million. Free cash flow doubled to $638 m. Net debt/EBITDA hit its minimum in a decade of 0.25x. Group revenue in Q3 totaled $3.13 billion (+0.5% QoQ, +23% YoY). The decrease in…Details