According to the previously developed repairs schedule PJSC ArcelorMittal Kriviy Rih has stopped its twin hearth furnace No. 6 (THF-6) of the open-hearth shop. Due to prolongation of THF-6 exploitation term by 2020 the company elaborated the range of compensating measures, which were being imposed from the beginning of 2017. To minimize fugitive emissions the…
DetailsNearly Br30 million will be allocated to support Belarusian Steel Works (BMZ trademark), the managing company of the holding company Belarusian Metallurgical Company reported. The corresponding decree No.100 dated April 3, was posted on the national legal Internet portal on April 5. The remaining balance of the Belarusian national innovation fund, accumulated as of January…
DetailsRussia’s Far Eastern Khabarovsk region plans to produce 9.55 tons of gold in 2017, Nikolai Ishchuk, director of the mineral resource department of the Natural Resources Ministry of the Khabarovsk region, reported on April 4. Platinum production can rise by 1.6%, to 1.55 tons, while silver output can fall by 15%, to 42.7 tons. Combined…
DetailsDneprovsky Iron and Steel Works had to halt operations because of the coke deliveries stop and the lack of funds. Now the company is looking for ways to resume operation. “Because we ceased receiving coke from Alchevsk, we started working with Evraz Yuzhkoks. But the company demands prepayment, and the coke price is $327-325 per…
DetailsIn 2016 Uchaly Mining and Processing Works, a part of UMMC, received 3.019 billion rubles of net profits, down by 8.5% YoY. According to the company statement, its EBITDA totaled 3.93 billion rubles, down by 5.4%, sales profits – 3.345 billion, down by 41%. The company revenues dropped by 10% YoY, to 21.749 billion rubles,…
DetailsSeverstal will buy transformers, produced by Siloviye mashiny – Toshiba LLC, for its Cherepovets Iron and Steel Works. Under the investment project Toshiba will produce and supply power transformers to replace outdated machinery. The company will produce 2T transformers (63 MW). The cost of the first stage, when one transformer will be replaced, is 50…
DetailsIn 2016 Vysochaishy received 6.378 billion rubles of net profits, up by 26.6% YoY, or by 1.324 billion rubles. EBITDA totaled 7.857 billion rubles, revenues – 12.903 billion, up by 9.1% YoY, with 12.835 billion from gold sales 22.401 million from silver sales and 45.548 million rubles from sample handling. Last year the company produced…
DetailsIn 2016 Ruspolymet net profits decreased by 40% YoY, to 303.6 million rubles, as opposed to 534.6 million rubles in 2015, down by 43%. Revenues dropped by 7%, to 7.675 billion rubles, with sales profits up by 13%, to 1.93 billion rubles. EBITDA decreased 2-fold, to 328.6 million rubles. The company accounts receivable totaled 4.958…
DetailsIn April the Russian Union of Metal Products Suppliers will host a number of round tables for the metal market participants, dedicated to various segments of the ferrous and non-ferrous metals segments. In particular, in April 13-14, it will host the “Ferrous and non-ferrous metals manufacture and consumption markets in the Republic of Belarus” round…
DetailsThe company Rand (Barnaul) has made a decision to sell the Aluminum Forging Works. The starting price will be 85 million rubles. The assets are divided into 4 lots, the first of which includes a building with the floor size of 102.2 square meters, and the rest is machinery and equipment. The auction will be…
DetailsGazprombank and Asaka Bank signed a co-financing agreement to fund important investment projects, including a metallurgical plant not far from Tashkent. The plant will produce cold-rolled sheets with and without coating. The EUR 280-million project will be launched in the coming months so the plant could be put into operation in 2019. The Tashkent metallurgical…
DetailsForeign investors plan to construct a new foundry in Lviv region. According to the press service of the Lviv regional state administration, the regional governor Oleg Sinyutka and the representatives of the investors discussed the possibility of constructing a works to produce aluminum castings. Fundicao de Evora, a joint venture of Aluthea and Schreder, will…
DetailsOdessa region witnesses 50 cargo trains on halt at the ports because of the absence of locomotives. According to the people’s deputy from the opposition Alexander Vilkul, the mining and processing works of Kriviy Rih cannot export their products. “Following the previous halt (March 20) 55 thousand tons of iron ore raw materials were not…
DetailsIn 2016 Chasov Yar Refractory Works received 38.098 million UAH of net profits, down by 8.8% YoY. According to the company statement, its undistributed profits reached 254.308 million UAH. Last year the works current liabilities decreased by 4.1%, to 21.466 million UAH, fixed – by 13.9%, to 10.687 million. At the same time its accounts…
DetailsThe Buribay Mining and Processing Works, a part of UMMC, has bought new loading machines. The miners have received a backhoe loader, dump trucks, as well as lighter vehicles. The cost of the new machines is 16 million rubles. At present Buribay GOK yields some 200 thousand of copper ore per year, but when it…
DetailsThe employees of the Kireyevsky Works of Light Metal Structures have addressed the Tula region governor Alexei Dyumin informing him of a 3-months salary debt. According to the minister of labor and social protection of the Tula region Andrei Filippov, as of March 17, KZLMK had salary debts only to 12 employees, who had quitted…
DetailsIn 2016 Ufaleinickel received 11.04 billion rubles of net losses, up 4.7-fold YoY. It should be noted, that in 2014 the company received 186 million rubles of net profits. Ufaleinickel’s revenue in 2016 dropped by 16% YoY, to 6,324 billion rubles. Sales profit was negative – 1.05 billion rubles of losses against 822 million rubles…
DetailsEnergomashspetsstal has produced and shipped a batch of products to Vitkovicke slevarny, spol. s.r.o. The contract to produce 2 rolls with the total weight of 28 tons was signed in January. The products manufactured are intended to be used in specialized metallurgical machinery. The rolls have been manufactured in full accordance with the customer specifications…
DetailsArcelorMittal Temirtau will invest around 3 billion tenge into the reconstruction of its sintering machine No. 6, scheduled to commence this month and finish in June. The project presupposes the increase of the machine efficiency by 30% and the improvement of the labor conditions. This project is just one of the steps to increase sintering…
DetailsEnergomashspetsstal has produced machinery for the fourth block of the Indian Nuclear Power Plant “Kudankulam”. According to the company statement, it has produced 361 units of equipment. The total weight under the contract is 3.952 thousand tons. The company has produced metallurgical billets for steam-generators, pressurizers, main reactor coolant pipe, main circulation pump, etc. (Ukrainian…
DetailsIn 2016 Krasnoyarsk Aluminum Works invested 1.135 billion rubles into ecological modernization, with 1 billion rubles to be invested in 2017. For the past several years the main goal of the company was to start producing highly technological wares from aluminum produced without increasing the metal output volumes. Thus the works has been modernizing its…
DetailsChelyabinsk Iron and Steel Works, a part of Mechel, hit several historical output highs in March. In particular, the blast furnace shop produced over 370 thousand tons of pig iron, the highest volume since 2009. Steel smelting in the oxygen-converter shop reached 350 thousand tons, which was an absolute record since the shop’s putting into…
DetailsMetinvest has extended the office of the current CEO of the Central Mining and Processing Works Dmitry Shevchik for a year. Shevchik’s office has been extended from Aril 4, 2017 till April 2, 2018. Dmitry Shevchik was appointed CGOK CEO on September 1, 2015. Earlier he worked as the deputy chairman and deputy CEO on…
DetailsMetinvest has extended the office of the current CEO of the Central Mining and Processing Works Dmitry Shevchik for a year. Shevchik’s office has been extended from Aril 4, 2017 till April 2, 2018. Dmitry Shevchik was appointed CGOK CEO on September 1, 2015. Earlier he worked as the deputy chairman and deputy CEO on…
DetailsDTEK Burshtyn TPP has imposed limitations on coal deliveries from state mines. According to the minister of energy and coal industry Igor Nasalik, there is no shortage of G and D grade coal, mined in the western regions, but there could be problems with sales. “Gas-coal stocks increase each day”, he noted. On March 31,…
DetailsThe Federal Antimonopoly Service has stopped investigation in Mechel, Severstal and Evraz alleged increase of rebars prices. Last summer constructors and machine-builders applied to FAS as to the drastic increase in metal prices, in particular, of rebars (by 34-103% from December 2015 till May 2016). The service started investigating the matter in July 2016, suspecting…
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