The special economic zone of the industrial-manufacturing type Titanovaya dolina in Sverdlovsk region has welcomed three new residents, which will operate in the spheres of machine-building, metallurgy and electrical engineering. The combined investments in the projects reach 1.5 billion rubles. In particular, Tagil Steel will construct a plant to produce pipes for construction market. Over…
DetailsIn January-June Ukraine decreased pipes exports by 10% YoY, to 327.8 thousand tons, valued at $361.3 million, up by 9.7%. According to the State Fiscal Service, the share of pipe exports in the overall volume of foreign trade reached 1.48%. Ukraine exported 244 thousand tons of seamless pipes valued at $307.9 million, 73.5 thousand tons…
DetailsThe Cabinet of Ministers has approved the merger of Vostochniy Mining and Processing Works with the national nuclear power company Energoatom. The Prime Minister Vladimir Groysman has ordered the developers of the project to work it out till the end. VostGOK is the only uranium ore miner and uranium concentrate processor in Ukraine and the…
DetailsIn January-June Ukraine imported 10.5 million tons of coal valued at $1.476 billion, down by 4.2% YoY. According to the State Fiscal Service, Russia accounted for 62.4% of deliveries. USA supplied 31% of coal concentrate and Kazakhstan – 4.22%. (Ukrainian metal)
DetailsMagnitogorsk Iron and Steel Works (MMK) took part in the 10th International Industrial Exhibition INNOPROM 2019 in Yekaterinburg. At the exhibition, MMK presented technology, developed at the plant in 2018 for the production of rolled sheet cryogenic steel grade 0H9, which was widely used in the production, storage and transportation of liquefied and compressed natural…
DetailsSeverstal will construct the ball-rolling mill No. 3 at Cherepovets Iron and Steel Works. The machine will produce balls with the diameter of 65 to 100 mm. The two operating mills produce balls with the diameter of 20 to 60 mm. Investments will reach 840 million rubles. The capacity of the new mill will be…
DetailsIn January-May Russia exported 17.519 million tons of ferrous metals, down by 8.8% YoY. According to the Federal Customs Service, without ferroalloys, pig iron, wastes and scrap exports totaled 11.753 million tons, down by 7.6%. Semi-finished carbon steel exports dropped by 5.6%, to 6.417 million tons, and flat carbon steel – by 13.4%, to 2.926…
DetailsThe Cabinet of Ministers has decided to allocate additional UAH 1 billion in subsidies for state coalmines. Prime Minister Volodymyr Groysman stated this at a government meeting on July 10. “Other important issues are subsidies for Ukrainian coalmines, support and payment of wages. We’ve reached a decision to provide additional UAH 1 billion,” said Groysman.…
DetailsIn January-March Ferrexpo enterprises (Poltava, Yeristovo and Belanovsky Mining and Processing Works) paid 736.4 million UAH of taxes to budgets of various levels. Thus, PGOK paid 599 million UAH, EGOK – 133.9 million UAH and BGOK – 3.5 million UAH. In particular, PGOK paid 76 million UAH to the local budget, 78 million UAH to…
DetailsAnatoly Sedykh, owner of OMK, has assessed the Russian market of wheels. “This year we plan to produce 950 thousand wheels, and next year we’ll increase the output by 50 thousand wheels. Evraz will increase output by 550 thousand pieces, to 1.5-1.6 million wheels. Moreover, there is also Interpipe on the Russian market, that’s 170-200…
DetailsYuzhniy Mining and Processing Works has invested almost 400 million UAH in the modernization of the technological section No. 13 of its ore-processing factory. This is one of the largest investment projects of UGOK in 2019. The work started last autumn, and so far new equipment has been assembled at almost all sites. Until 2022…
DetailsIn January-June Ukraine exported 36.723 thousand tons of scrap, down 7.4-fold YoY, valued at $10.086 million, down 8.8-fold. According to the State Fiscal Service, in June 0.208 thousand tons of scrap were exported, in May – 8.086 thousand tons, in April – 8.791 thousand tons, in March – 8.246 thousand tons, in February – 8.252…
DetailsNiman miners team LLC, extracting alluvial gold on the territory of Khabarovsk region, since the start of the season has obtained 70 kg of gold, down almost 2-fold YoY. The current washing season started almost a week later than usual – on May 6. One of the reasons of the low output was heavy rains…
DetailsNLMK Lipetsk, NLMK Group’s flagship production site, has embarked upon a large-scale overhaul of its steelmaking capacities, namely BOFs and associated dedusting equipment in BOF Shop No. 2. The overhaul will increase the shop’s productivity by 18% from 8.5 million tons to 10 million tons of steel per year and cut air emissions by 70%.…
DetailsBaikal Mining Company, a part of USM Holding, and state banks Gazprombank, Sberbank, and VEB.rf have signed a contract to provide an up to $1.79-billion syndicated loan for development of the Udokan copper deposit, they said in a joint statement on July 10. Under an earlier agreement, VEB.rf, Gazprombank, and Sberbank agreed to finance up…
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