In May the group of companies Ferrum will commission two additional welding lines with the combined capacity of 54 thousand tons per year. According to the company statement, two machines were acquired last October. In particular, the 63-127 machine with the capacity of 36 thousand tons per year will produce 76-108 mm round pipes and…Details
Beloretsk Iron and Steel Works has been awarded the status of the “Perfect Supplier” by one of the largest machine-building enterprises of Russia – Transpneumatica. In 2017 the works increased supplies to the company 1.5-fold YoY. When awarding the status, the customer evaluated the availability of the certified quality management system, the quality of the…Details
In 2017 Evraz received $759 million of net profit as opposed to $188 million of losses in 2016. According to the company statement, its consolidated EBITDA grew by 70.2% YoY, to $2.624 billion. Revenue increased by 40.4%, to $10.827 billion. “The board of directors, on the basis of strong financial conditions of the company and…Details
In 2017 Pipe Metal Company increased EBITDA by 14.2% YoY, to $605 million. According to the company statement, revenue grew by 31.6%, to $4.394 billion. TMK did not disclose the amount of its net profit. “We expect EBITDA to increase this year because of the further growth of our American division results”, TMK said. In…Details
U.K.-based mining giant Evraz, which operates mainly in Russia, has signed a deal to sell a facility in Ukraine to group DCH for $106 million, the company said in a statement on March 1. The payments will be made in several tranches with the initial $25 million payment to be made five days after signing…Details
The period of temporary state regulation of coal prices in Kyrgyzstan has expired, the State Agency of Antimonopoly Regulation reported. To curb the growth of coal prices, meet the needs of socially vulnerable citizens and timely provide the population with coal in the autumn-winter period, state regulation of coal prices for a period of 90…Details
Vyksa Iron and Steel Works has automated the management of warehouse stocks. The company has implemented a system to decrease stocks and risks of shortage of the most popular products. With the help of the system VMZ was able to decrease its stocks by 100 million rubles. “VMZ has created a modern and flexible system…Details
The Ferrum Company has started selling hot-rolled flanged beams with the size of 18-50 mm.
The company also carries stocks of other beams made of S255 and S345 steel.
The availability of new products will allow completely covering the need of rolled metal from construction companies for the manufacture of metal structures. (Ukrainian metal)
Zagorsky Pipe Works and POSCO (South Korea) have agreed on the delivery of 60 thousand tons of rolled sheet for the manufacture of pipes. The price of the deal is not disclosed. The companies started cooperating in April 2017, when ZTZ bought the first 20 thousand tons of rolled sheet from South Korea. In December…Details
In 2017 Russia imported 779 thousand tons of hot-rolled sheet with the thickness of over 10 mm, up 2-fold YoY. According to the customs statistics, Ukraine supplied 31.7% of the total volume, down by 17% YoY. Austria increased exports almost 9-fold, to 31.4%, followed by Germany (20.7%, up 9-fold). South Korea and France increased their…Details
The Smart Maritime Group has won a tender to supply a thickening tank to Yuzhniy Mining and Processing Works. The project will start in March. Its cost will amount to 175 million UAH. The designer of the thickener is Engineering Dobersek GmbH (Germany). The total weight of the metal structure with 3 tanks of 10.9…Details
Glencore will resume buying aluminum from Rusal in 2019, but the volumes will decrease considerably, as the Russian company wants to take advantage of the growing demand for high added value products. Volumes are expected to decrease by 25-50% from 14.5 million tons. The deal concluded in 2012 was estimated at $47 billion. The new…Details
The State Property Fund of Ukraine plans to hold an auction to sell 68.009% of Zaporozhye Aluminum Works in May. In December 2017 it was planned to sell the stake in February. The corresponding changes to the schedule of sales have been envisioned in the Fund decree dated February 20 and published in the “Vedomosti…Details
UzBuild-2018, an international construction exhibition in which Magnitogorsk Iron and Steel Works is participating, started in Tashkent. Uzbekistan is one of MMK’s key markets in the CIS. In 2017 MMK shipped over 300,000 tons of finished steel products to Uzbek consumers, accounting for nearly 80% of the company’s sales in Central Asia. At the exhibition…Details
The state enterprise Ukrpromvneshexpertisa forecasts that in February deliveries of ferrous metals scrap to metal companies will decrease by 4.55% MoM, or by 10 thousand tons, to 210 thousand tons. According to the enterprise deputy director Yuri Dobrovolsky, last month traders and procurers tried to faster unload their warehouses in order not to sell scrap…Details
Shareholders of Zaporozhye Iron Ore Complex decided to pay 850 million UAH of dividends.
According to the company statement, the dividends will be paid from March 20 till July 27.
The dividends will be paid for 2014.
In 2016 the company increased net profit by 87.19% YoY, to 434.449 million UAH. (Ukrainian metal)
Russia’s Ural Mining and Metallurgical Company (UMMC) plans capital expenditures in development of the Gaysky GOK ore dressing plant to rise by 34%, to 3.5 billion rubles in 2018, the company said in a statement. The company will spend about 2.25 billion rubles on development of an underground mine at the depth of 830-1,310 meters,…Details
There are no radioactive elements or heavy metals in the industrial wastes of the factory in Ak-Tyuz village, the concentrating factory Geo Reserve CJSC reported. According to its data, the factory processes gold and silver from Kuranjaylyau deposit. “There are no uranium-containing or other radioactive elements, nor heavy metals in the industrial waste of the…Details
The High Court of London plans to continue hearings of a dispute between UC RUSAL and tycoon Vladimir Potanin’s Interros over a sale of shares in Norilsk Nickel on March 8, a lawyer representing one of the Russian companies reported. Judge Simon Picken said during the February 27 hearing that it would be reasonable for…Details
Zlatoust Electrometallurgical Works has expanded its product range.
The 1150 mill in the rolling shop No. 1 started producing slabs with the size of 140×450 mm of exceptionally hard heat-resistant iron-nickel-based alloy.
This is the first time that the company produces billets in this size. (Ukrainian metal)
Novosibirsk Tin Works LLC has received a loan of 172 million rubles from MSP Bank with the interest rate of 9.6%. With the loan the company was able to purchase raw materials, components, spare parts etc. The financial aid helped the company to increase output, provide the growing demand with metal and confirm its status…Details
A new warehouse of Severstal Distribution was opened in Electrougli, Moscow region in February. At the same time, the warehouse in Lobnya was closed. The open and covered warehouses of the new site are considerably larger than the previous ones. The availability of 16-ton cranes allows handling bulk products (hot-rolled coils or large-diameter pipes). “We…Details
In January the gold-ore company Pavlik mined 550 kg of gold at the Pavlik deposits in Magadan region. According to the prospecting director Victor Troitskiy, the gold-extracting factory capacity is 8 tons of gold per year. In 2017 it produced 6.5 tons of gold. As the factory is already operating at full capacity, this year…Details
In February Kirov Non-Ferrous Metals Processing Works has started manufacturing a new import-replacing product – cold-rolled copper plates. They are used in ferrous metallurgy when producing crystallizers and are mostly imported from Europe. The company plate-straightening machine EZW43Q-90*1300 provides for straightening of sheets and plates with the thickness of 20-90 mm, while the band saw…Details