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Azovstal Iron and Steel Works has received the pilot tank with pulverized coal fuel. At the same time the PCI machine is being constructed there at the blast furnace No. 4. The Metinvest investments into the major project total $17 million. The fuel was delivered from the Mariupol Ilyich Iron and Steel Works in the…
DetailsOn behalf of the Military prosecutors of the South region the General prosecutor’s office has addressed the Ministry of economic development and trade asking it to punish Ukrainian Chemical Products (ex-Crimean Titan) by stopping its economical activities. The prosecutors said, that despite the ban to trade with Crimea, in 2015-2016 the company supplied raw materials…
DetailsOn October 26, the chairman of the Volyn regional state administration Vladimir Gunchik had a phone conversation with the minister of energy and coal industry Igor Nasalik on the Volynugol situation, Novovolynskaya mine No. 10 construction and salary debts to miners. The parties have reached the agreement that by the end of the week 100%…
DetailsMoscow has put a 100% stake of the Moscow Pipe Works valued at 1.58 billion rubles up for an auction. According to the auction documents, the company assets include 25 buildings with the floor square of 107.6 thousand square meters. Of them over 19 thousand square meters have been leased. The assets also include 10…
DetailsVolzhsky Pipe Works (a part of TMK) has put its continuous-casting machine No. 2 at the arc-furnace shop into operation after an overhaul. The halt of the machine didn’t affect steel smelting process, as it was carried out at other machines according to the plan. The arc-furnace shop of VTZ produces square (240×240, 300×300 and…
DetailsSeverstal has named the recent increase in coking coal prices unjustified and hopes for their decrease in the next 2 months, as the future steel profits will face higher coke expenses. According to the company, the main reasons for the coal price increase were the decrease in working hours at Chinese mines and the breaches…
DetailsIn January-September Russian Copper Company produced 132694 tons of copper cathodes, up from 103726 in January-September 2015. In particular, Kyshtym Copper-Electrolyte Works in August produced 7504.414 tons of copper cathodes in shop No. 1 and 3496.062 tons in shop No. 2 (11000.476 tons in total). This has led to the increase of the works targets…
DetailsRussian aluminum giant UC RUSAL has filed a suit to the International Center for Settlement of Investment Disputes (ICSID) demanding Ukraine to redeem the company’s investment in Zaporozhye Aluminum Complex, a RUSAL representative reported. “Affiliates of RUSAL have turned to the ICSID with a request to compensate for the investment in Zaporozhye Aluminum Works. The…
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