Cherepovets Iron and Steel Works, a part of Severstal, has finished the first repair of the main machinery in the sheet-rolling shop scheduled for this year. In particular, the 5000 mill, inner pipelines and furnaces have been repaired. “All the repair works have been complete. They will allow us to provide for the faultless operation…
DetailsIn 2017 Evraz will supply some 700 thousand tons of rails, including 240 thousand tons of 100-meter rails to the Russian Railroads. The delivery of longer rails will increase by 60% YoY. Rails at the order of the Russian Railways are produced at Evraz ZSMK and NTMK. In January-March they have already supplied the railways…
DetailsIn 2017 Uralelectromed will increase its investment program 1.8-fold YoY, to 4 billion rubles.
Construction of industrial objects and the development of heat and electricity generation will see the most investments.
The key project is the construction of the second stage of copper electrolyses shop. (Ukrainian metal)
The Ministry of energy and coal industry of Ukraine initiates an audit of foreign purchases of uranium concentrate by the state enterprise Vostochniy Mining and Processing Works. According to the prosecutor of the specialized anticorruption prosecutor’s office Igor Symkiv, under the criminal case of Nikolai Martynenko the energy minister Igor Nasalik has been questioned and…
DetailsAvdiivka Coke and Chemical Works and the military-civilian administration (MCA) of the town of Avdiivka have signed an agreement on social partnership for 2017, which provides the financing of social programs in the amount of 11.9 million UAH. The document was signed by the company CEO Musa Magomedov and the MCA chairman Pavel Malykhin. In…
DetailsThe Chelyabinsk Pipe Works seamless stainless pipes capacities exceed 25 thousand tons per year, with a wide product range. According to the ChTPZ market analysis and trade expansion department chief specialist Maria Semykina, in 5 years the group share in seamless stainless pipes output increased considerably: from 18% in 2012 to 35% in 2016. This…
DetailsThe ex-people’s deputy Nikolai Martynenko is suspected of embezzling money of the state enterprise Vostochniy Mining and Processing Works. “The investigation showed that in 2013-2016 the employees of VostGok, Steuermann Investitions und Handelsgesellschaft mbH, as well as some individuals with control over the companies, including Martynenko, embezzled the funds of VostGOK in the amount of…
DetailsSeverstal reported that in January-March its average prices for iron ore pellets increased to $86 per ton from $36 per ton a year ago, with export destinations being Europe and the Near East. In Q4 2016 Karelsky Okatysh sold pellets at $49 per ton on average, as the prices increased because of the Brazilian Samarco…
DetailsAccording to the National Statistics Department of Georgia, in January-March the total trade with Turkey amounted to $330.7 million, including $54.79 million of exports, up by 9.6% YoY, and $275.96 million of imports, down by 5.5%. Pig iron and alloyed steel semi-finished exports reached 17443 tons valued at $6.32 million, up by 186.2% and by…
DetailsIn January-March Russia increased raw copper output by 3.3% YoY, while the production of copper alloys dropped by 22.7%. According to the Federal Service of State Statistics, copper flakes and powders output decreased by 5.4%, of rods and shapes – by 28.4%, at the same time wire production went up by 15%, and foil –…
DetailsIn 2017 Novokuznetsk Aluminum Works, a part of RUSAL, will increase its investments by 27.3%, to 280 million rubles. According to the company managing director Victor Zhirnakov, aluminum output will remain on the 2016 level – 213 thousand tons. 180 million rubles will be invested in various environment protection measures, and 100 million rubles –…
DetailsIn January-March the Pipe Metal Company sold 850 thousand tons of pipes to customers, up by 0.6% YoY. According to the company statement, seamless pipes sales increased by 16.7%, to 658 thousand tons thanks to the stable demand form oil-and-gas companies. Welded pipes sales dropped by 31.8%, to 192 thousand tons, mostly because of the…
DetailsAt Ural Steel, part of Metalloinvest, the roller treatment furnace No. 1 and heat treatment machine No. 1 complex is undergoing construction. Currently, design and surveying work is ongoing. 1.5 billion rubles have been invested in the project, which is planned to be completed in 2018. The project entails the installation of new high-performance equipment…
DetailsIn 2017 Olenegorsky Mining and Processing Works, a part of Severstal, will buy four 136-ton Catterpillar-785 dump trucks, the first will be delivered in August. “The company also plans to buy two drilling rigs and a forklift loader”, the company acting CEO Alexei Scherbakov said. OGOK investments in 2017 will total 1.4 billion rubles. Earlier…
DetailsAluminum producer RUSAL plans to keep its output on the level of 2016, or 3.685 million tons, in 2017, CEO Vladislav Solovyov said on the sidelines of a forum on April 21. “No less than last year. I think, at last year’s level,” Solovyov said. The Kemerovo region said that RUSAL would raise its investment…
DetailsThe National Bank of Ukraine forecasts that most of metal and coke plants will have improved their output to the level of 2016 by the end of 2017. “The enterprises on the Ukraine-controlled territory, which received raw materials from uncontrolled territory, would gradually reorient themselves to other supply sources, either by increasing output on controlled…
DetailsAccording to Module-Ukraine purchasing manager Ilya Begichev, Ukrainian coated metal market in the galvanized rolled metal segment is as follows: 0.7-1.2 mm – 35%, 0.42-0.65 mm – 36%, 0.33-0.4 mm – 30%. Polymer-coated metal market: 0.33-0.4 mm – 29%, 0.42-0.5 mm- 52% and 0.6-0.8 mm – 16%. Module-Ukraine goes on developing and increasing output and…
DetailsIn January-March the Amur region yielded 4677 kg of gold. The state enterprise Petropavlovsk mined the most gold: 1689 kg by Pokrovsky mine, 14171 kg by Albynsky mine and 512 kg by Malomorsky mine. Berezitoviy mine of Nordgold yielded 751 kg. Gold-mining in Amur region continues falling due to the low metal contents in ore.…
DetailsIn 2016 Chelyabinsk Pipe Works sold 1.735 million tons of pipes, down by 16% YoY. The group explains the decrease with the change in supply time to Gazprom and the drop of demand from the traditional pipe consumers. Local ChTPZ sales dropped by 20% YoY, to 1450 thousand tons, while exports grew by 31%, to…
DetailsIn 2016 VSMPO-Avisma received 26.633 billion rubles of net profits, up 1.8-fold YoY. Revenues increased by 4.9%, to 76.2 billion rubles, sales profits – by 1.4%, to 30.27 billion rubles. The company fixed liabilities dropped by 15.9%, to 41.495 billion rubles, current liabilities – by 16.1%, to 31.672 billion rubles. By 2021 the company intends…
DetailsThe authorities of the Schelkovo district of the Moscow region were presented the project of modernization of Schelkovo Iron and Steel Works and the putting into operation of the tin-plate line. According to the production workshop head Vladimir Merkulov, investments will total some 3.5 billion rubles. The main problem in the realization of the project…
DetailsIn 2016 Russia consumed 2.6 million tons of galvanized steel and 1.9 million tons of polymer-coated rolled metal. Metal Profile Company processed and sold some 600 thousand tons of coated metal, according to the company commercial director Dmitry Andreev. The expert noted a worrying trend of thinning metal. In 2015 0.3-0.35 mm thick steel consumption…
DetailsIn 2017-2019 Kolmar intends to spend some 17.4 billion rubles to develop the Inaglinsky mining and processing complex and 11 billion rubles to modernize the Denisovsky GOK in Yakutia. Inaglinsky includes an open-pit and Inaglinskaya mine, as well as the Inaglinskaya-2 processing factory. At present the open-pit yields some 2 million tons of coal and…
DetailsIn January-March Evraz Dneprovsky Iron and Steel Works produced 203 thousand tons of rolled metal, down by 9.4% YoY. Steel output declined by 9.7%, to 243 thousand tons, pig iron – by 11.8%, to 232 thousand tons. In March DMZ produced 70 thousand tons of rolled metal, 79 thousand tons of steel and 78 thousand…
DetailsThe government of Kyrgyzstan proposes to regulate the export of gold ore through taxes, Vice Prime Minister Oleg Pankratov said at a meeting of the parliamentary committee on the fuel, energy complex and subsoil use on April 18. The deputies suggested voicing the government’s position, as they were currently drafting a bill. Therefore, it is…
DetailsThe State Fiscal Service has presented the list of the largest taxpayers in 2016. In two fields – metal and finances – the leaders hail from Dniepropetrovsk region. In metal industry the largest taxpayer was ArcelorMittal Kriviy Rih with 2389.4 million UAH, in banking – PrivatBank with 4094 million UAH of taxes. The 100 largest…
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