From March 29, Severstal decreased prices on its main products – hot- and cold-rolled metal, galvanized metal and polymer-coated metal – by 2.7-6.2% per ton, depending on the product. “Despite a slight pressure on the prime cost of our products of such factors as ruble strengthening and tariff increase, we decrease our ruble prices. We…
DetailsIn 2016 Magnezit (refractories manufacturer from Chelyabinsk region) received 37.87 million rubles of net profits, as opposed to 115 million rubles of losses in 2015.
The company revenue in 2016 increased by 2%, to 6.29 billion rubles.
Sales profits increased by 36%, to 464 million rubles. (Ukrainian metal)
Beringpromugol, a part of Tigers Realm Coal Limited (Australia), developing the Fandyushkinskoye pole deposits in Chukotka, in Q1 intends to mine 80 thousand tons of coal. According to the financial director Denis Kurochkin, in January-February the company sent 45 thousand tons of coal from the deposit to the Beringovsky port, and plans to ship 35…
DetailsIn February coal transportation via railroad reached a monthly record of 28.7 million tons, up by 8.3% YoY. And in January-February railroad transported 60.1 million tons of coal, up by 9.1% YoY. The increase was provided by the growth of exports by 15% YoY. The highest increase was witnessed in the destination of Japan (by…
DetailsScientists at the Institute of Nuclear Physics of the Novosibirsk state technical university have developed a new technology to make titanium-tantalum alloys. As the result they have received a highly corrosion-resistant material, which is only slightly damaged by the aggressive environment. A pilot chemical mini-reactor has been constructed using this technology. After experiments, the term…
DetailsSeverstal-Metiz has certified its rebars for deliveries to Poland. According to the company statement, Building Research Institute has confirmed the high quality of the Cherepovets rebars with 9.3, 12.5 and 15.2 mm diameter and their correspondence to the market requirements. “The new certificate has opened a new sales market for our rebars. And for the…
DetailsThe state enterprise Electrotyazhmash has concluded three agreements with I Steel LLC for the delivery of steel valued at 102.29 million UAH. By February 22, 2018 the company will have supplied 4070 tons of sheet (1750 tons at 22.933 thousand UAH, 1140 tons at 24.586 thousand UAH and 1180 tons at 28.926 thousand UAH per…
DetailsIn 2016 Zaporizhstal invested 1.8 billion UAH into development and modernization of its manufacture. According to the company statement, among the major projects is the modernization of the gas-purifying system of sintering machines No. 3-6, and the reconstruction of the blast furnace No. 3. The latter costs 1.5 billion UAH. “Ukraine is still experiencing the…
DetailsOn March 28, Nornickel’s Vice President – State Secretary, GR Elena Bezdenezhnykh and Murmansk region governor Marina Kovtun signed the cooperation Agreement AS part of environmental campaigns conducted in Russia in 2017, namely the Year of Environmental Protection and the Year of Specially Protected Natural Areas. The agreement is aimed at furthering environmental cooperation in…
DetailsBakytzhan Sagintayev has visited Aktobe Ferroalloy Plant as a part of his working trip. Kazakh Prime Minister took a look at fabrication activity and further plans of the enterprise. He also inspected the operating furnaces of the plant and visited dispatch department. It should be noted that, Aktobe Ferroalloy Plant performs a complete cycle of…
DetailsUzbekistan’s Navoi Mining and Metallurgy Complex JSC started construction of the fifth hydrometallurgical plant at the Auminza-Amantai gold ore deposit. The country’s President Shavkat Mirziyoyev attended the plant’s groundbreaking ceremony on March 28. The new plant, worth $396 million, is expected to annually process five million tons of ore. Navoi Mining and Metallurgy Complex is…
DetailsUkraine’s Energy and Coal Industry Ministry predicts that as of May 1, anthracite coal stocks will be 182,600 tons, down by 63% from March 29 (494,100 tons). According to the document posted on its website, gas coal stocks as of May 1, would total 1.321 million tons, up by 0.2% from March 29 (1.318 million…
DetailsExports of coal from the Arctic terminal Chaika (Dikson) by the Northern Sea Route will make 1 million tons in 2017, Vadim Bugayev, Director General of VostokCoal (VostokUgol Management Company), said. According to him, this volume does not include cargo going back to the Taimyr Peninsula. Key consumers of the anthracite coal from the field…
DetailsOne third of uranium supplied to South Korea is imported from Kazakhstan, according to Ambassador Extraordinary and Plenipotentiary of Kazakhstan to South Korea Dulat Bakishev. “30% of uranium supplied to South Korea is imported from Kazakhstan,” the Ambassador noted. The volume of commodity turnover between Kazakhstan and South Korea in 2016 comprised $676 million ($223…
DetailsIn 2016 Interpipe paid 1.426 billion UAH to the budgets of all levels. According to the company statement, this is 36% more than in 2015 (1.045 billion UAH). In particular, Interpipe paid 768 million UAH to the state budget (53.9% of all payments), 427 million UAH (30%) to the local budgets of Dnipro, Nikopol, Novomoskovsk…
DetailsRussia sees combined investment in development of the Pavlovskoye lead and zinc ore deposit located on the Novaya Zemlya archipelago at 27 billion rubles, the Arkhangelsk region’s governor Igor Orlov said on March 29. “You know that we’ve discovered a new lead and zinc ore deposit on Novaya Zemlya, which is the fourth largest deposit…
DetailsDonetsk business court of appeals has satisfied a counterclaim of the Specialized Anti-Corruption Prosecutor’s Office (SAPO) and ordered the business court of Zaporizhia region to hear the lawsuit of SAPO seeking the termination of the contract between the State Property Fund of Ukraine (SPF) and offshore company Tolexis Trading Limited (Cyprus), a part of Dmytro…
DetailsIn 2016 Zaporozhye vtormet received 3.972 million UAH of losses, up by 28.9% YoY. The current liabilities of the company decreased by 6.9%, to 248.501 million UAH, the company has no fixed liabilities. The total accounts receivable dropped by 6.7%, to 118.081 million UAH. The cost of the assets at the end of last year…
DetailsArcelorMittal Kriviy Rih is preparing for the overhaul of its steelsmelting mill in the open-hearth shop. “At present the open-hearth shop operates only the steelsmelting mill No. 6. The shutting down and putting of the machinery out of operation started in 1993, the open-hearth furnace No. 4 was shut down in 2011. In view of…
DetailsMetalloinvest carries on its investment program of mining transport development of its mining and processing works. According to the company statement, in March Lebedinsky and Mikhailovsky GOKs received 2 new BelAZ trucks with the lifting capacity of 220 and 130 tons, as well as a locomotive with cars. Three more trucks will be supplied in…
DetailsMetinvest and Smart Maritime Group have reached an agreement on organizing a servicing center at the SMG Kherson and Nikolayev shipyards. The new service provided to Metinvest clients will include various treating and processing of plates and sheets. According to the company statement, the possibility to buy rolled metal after primary treatment will allow Ukrainian…
DetailsRussian companies have covered 80% of needs of the local cable market. In 2016 the volume of the market exceeded 266 billion rubles, with 233 billion on account of local companies and the import share on the level of 19.3%. “This is a very good result on the background of the Russian industry. At the…
DetailsIn 2017 Drazhnik LLC plans to increase gold output to 350 kg. Last year the enterprise yielded 340 kg of gold. This year the company intends to start developing a new site in Yakutia. The company paid 1.1 million rubles for the license to work there. The gold reserves of the site are 700 kg.…
DetailsIn January Russia exported 237.3 thousand tons of aluminum, up by 1.1% YoY. According to the Federal Customs Service, raw aluminum exports to far foreign countries remained unchanged – 230.8 thousand tons, while that to CIS grew by 75.7%, to 6.5 thousand tons. In monetary terms raw aluminum exports increased by 25.5% YoY, to $388.6…
DetailsSeverstal has chosen Hanwha Techwin as the supplier of electric compressors to the Cherepovets Iron and Steel Works. Under the contract the supplier will also assemble and put the main machinery into operation. Assembly of compressors, pressure piping, as well as modernization of the cooling system are scheduled to be completed by the end of…
DetailsThe insurance group SOGAZ has won the tender to conclude the insurance agreement with the Cherepovets Iron and Steel Works, a part of Severstal. All the premises and buildings, machines and equipment, objects of unfinished construction will be insured. The total value of the insurance will be $18.67 billion. The objects will be insured for…
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