Russia: Severstal prices drop

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…


Russia: Magnezit profits in 2016

In 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)

Russia: scientists create titanium-tantalum alloy

Scientists 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…


Russia: Nornickel and Murmansk region government agree to cooperate in environmental protection

On 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…


Uzbekistan: NMMC starts building new hydrometallurgical plant

Uzbekistan’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…


Ukraine: court to hear lawsuit on termination of contract on ZTMK creation

Donetsk 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…


Ukraine: AMKR to start repairing steelsmelting mill in April 2017

ArcelorMittal 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…