European banks will be able to provide Black Iron with a loan of $250-300 million for the construction of a mining and processing works at the Shimanovsky ore massive near Kriviy Rih. The banks have not been named. Black Iron has been engaged in the GOK construction for almost 10 years – the asset was…Details
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In January-November Dneprovsky Iron and Steel Works decreased rolled metal output by 37.3% YoY, to 444 thousand tons. Steel manufacture dropped by 38.3%, to 511 thousand tons, and pig iron – by 38.4%, to 492 thousand tons. In November only rolled metal was manufactured (some 10 thousand tons). (Ukrainian metal)Details
In its 45 years of operation the Sibir Central Processing Factory, a part of Yuzhniy Kuzbass, has processed 275 million tons of coal. The factory was commissioned on December 30, 1974 as one of the largest in the industry – its design capacity exceeded 6 million tons per year. So far 215 million tons of…Details
According to Discovery Research Group, the aluminum section market in Russia in 2018 totaled 242,266.6 tons. In H1 it reached 123,936.4 tons. This year the company expects an increase of 1.5-3% YoY. Manufacture accounts for 83% of the Russian aluminum section market. Hence, manufacturing dynamics has a more noticeable influence on the market than imports…Details
By 2030 steel consumption in construction industry could grow to 39 million tons, up by 30% from 2018. According to Severstal deputy sales director Roman Senatorov, in 2018 Severstal sales to construction companies totaled 4.2 million tons. This year they are expected to grow by 14%, and by 2023 – by 4%, to 5 million…Details
On November 21 Polyus Verninskoye gold output exceeded 7 tons, and the next day it beat the whole 2018 output – 7024 kg. The increase in output is due to the replacement of machinery. In particular, the Verninskiy Mining and Processing Works now operates a Komatsu HD-1500-8 trucks with the lifting capacity of 142 tons.…Details
In January-October Russia’s imports amounted to $201.4 billion, up by 1.5% YoY. Far foreign countries accounted for 88.9%, and CIS – for 11.1%. The share of metal and metal wares in the import structure totaled 7.5%, up from 7.3%. In particular, in imports from foreign countries – 6.3% (6%), and from CIS – 16.8% (17.9%).…Details
Verkhovna Rada, Ukraine’s Parliament, has adopted in the first reading the draft bill No. 1210, which presupposes the increase of iron ore mining rent. 232 members of the parliament voted in favor of the bill, 67 were against, 44 abstained and 42 did not vote. The rent is to be set at 12%, which is…Details
Beloretsk Iron and Steel Works has passed the rebar wire manufacture audit according to Slovak construction norms. This allows the company to supply metal wares to Slovakia. In particular, the rebar wire with the diameter of 5 mm and rebar 7-wire strands with the diameter of 9.3 to 15.7 mm have been inspected. The inspection…Details
Zagorsky Pipe Works has begun the first stage of the project to construct a seamless pipes producing works. Until the end of the year the company intends to select an organization to design the new works. In Q1 2020 ZTZ will conclude contracts on construction and the delivery of machinery. The design capacity is expected…Details
Sukremlskiy Iron Works, one of the leading enterprises to produce cast iron for railroad industry, has mastered the manufacture of new types and sizes of pipes and joints. In particular, the company has started producing double-male pipes with the diameter of 125 mm. The enterprise is already producing pipes with the diameter of 100 and…Details
Dniepropetrovsk region will create a group to monitory environment at ArcelorMittal Kriviy Rih, the main polluter in the region. The group will control the company management fulfilling its obligations to improve environment. The management promised to create a schedule to determine the amount of funds, which would be spent on environment programs. The group will…Details
The Verkhovna Rada committee on economical development has approved of a draft bill No. 2426 on amendments to some bills on de-shadowing of metal raw materials market and operations with metal scrap. At present some 80% of the scrap market are in the shadow. “With this bill we create the opportunity to bring some 16…Details