The economic effect from introducing cost-saving measures in the Belarusian steel mill BMZ totaled $118.6 million in 2018 or over 9% of the prime cost of the products the company makes. The figures were mentioned by the company’s Director General Anatoly Savenok at a performance review conference of the company’s trade union. According to the…Details
Kazakh hardware production plant Kaz-Metiz plans to increase production and sales by 50% YoY in 2019. In 2018, Kaz-Metiz increased its high carbon steel products output by 14.5%, to 23,923 tons (20,887 tons in 2017). “40% of the products are exported to Kyrgyzstan, Uzbekistan and Russia. We plan to expand the geography of exports to…Details
In March, Ukraine produced almost 2.7 million tons of coal, up by 4% from the target, the Coal Miners Union of Ukraine reported with a reference to the data provided by the Energy and Coal Industry Ministry. “In March, coal mining enterprises of Ukraine of all forms of ownership produced 2,663,396 tons of coal. The…Details
In January-February Kazakhstan mined 15 thousand tons of lead, up by 8.7% YoY. Lead concentrate mining grew by 18.7%, to 57.1 thousand tons. Lead-zinc ores mining dropped by 13.6%, to 844.5 thousand tons. Raw lead manufacture increased by 11.2%, to 26.4 thousand tons. In 2018 Kazakhstan exported 126.1 thousand tons of raw lead, up by…Details
Granit LLC, extracting alluvial gold in Zabaikalye region, has increased its output plan for this year to 60 kg. Last year the enterprise yielded 85 kg of gold with the initial plan of 54 kg. This year Granit will operate at two sites – Dedushkina Padushka and at the Davenda River. In 2017 gold output…Details
Evraz NTMK has supplied over 3 thousand tons of flanged beams for the construction of the shopping mall “Grozny Mall”. In particular, flanged beams with the length of 6.5 to 12.5 meters made of vanadium-alloyed steel were produced. The company beam shop can produce over 300 types of beams. This year the company intends to…Details
Taganrog Iron and Steel Works has mastered the non-stop changes of the tundish ladles at the site of the continuous casting of 400-mm diameter steel billets. This has allowed increasing daily output by 10%. Tagmet has been using the continuous casting technique since 2006. In 2013 it started implementing non-stop switching tundish ladles. Previously this…Details
In March Zaporizhstal produced 356 thousand tons of steel, down by 0.1% YoY. Pig iron output grew by 5.9%, to 387 thousand tons, while that of rolled metal dropped by 5.2%, to 296 thousand tons. In January-March Zaporizhstal produced 1.115 million tons of pig iron, 1.028 million tons of steel and 805 thousand tons of…Details
In March Ukraine increased pig iron output by 14.7% MoM, to 1.8 million tons. Steel manufacture grew by 16.1%, to 1.96 million tons, and rolled metal – by 11.4%, to 1.54 million tons. In Q1 pig iron output dropped by 2.1% YoY, to 5.18 million tons. Steel manufacture increased by 4.5%, to 5.5 million tons,…Details
Magnitogorsk Iron and Steel Works (MMK) sold around 1.8 million tons of long products in 2018, of which 98% were shipped to the domestic market including CIS countries. This was announced by the MMK Sales Department’s leading expert, Alexander Margishvili, at the “Long and Shaped Products: New Market Configuration” conference which took place in Moscow.…Details
A number of state coalmines on April 1 were cut off grid. According to the National Miners’ Union chairman Mikhail Volynets, mines of the state enterprises Volynugol (Volyn region), Lisichanskugol, Pervomayskugol and Mirnogradugol (all three – Lugansk region), as well as the mines Kapitalnaya and Centralnaya have been cut off grid. The enterprises are working…Details
In January-February mined 4.228 million tons of power-generating coal and 872.8 thousand tons of coking coal, down by 0.8% and by 19.4% YoY respectively. According to the Ministry of energy and coal industry, in February Ukraine decreased power-generating coal output by 3.2% YoY, to 2.095 million tons. Coking coal mining decreased by 25.2%, to 392.1…Details
In February Russia produced 3.75 million tons of pig iron, down by 5.7% YoY (4.15 million tons in January). In 2 months pig iron output decreased by 6.8%, to 7.9 million tons. Ukraine, although no longer a part of the CIS, produced 1.59 million tons of pig iron, down by 2.6% YoY (1.789 million tons).…Details
This year Sakhalin region has to mine at least 11.4 million tons of coal. Solntsevskiy Coal Pit LLC must provide for the main volume – 7 million tons. Gornyak-1 LLC is expected to yield 1.9 million tons, Boshnyakovsky Coal Pit LLC – 1 million tons, Sakhalinugol-3 LLC – 850 thousand tons and Western Coal Company…Details
Zaporozhye Titanium and Magnesium Works LLC has concluded an agreement with the Agency of Investment Management LLC for the delivery of electricity valued at 159.07 million UAH. In April-June the company will supply an unknown volume of electricity at undisclosed price. Previously ZTMK ordered 138 million UAH of electricity for January-March from the “supplier of…Details
Chelyabinsk Iron and Steel Works has won a tender of the Belarus Railways to supply R65 rails. In particular, 10 thousand tons of rolls will be used to modernize a major railroad route Orsha-Central. The delivery is scheduled for late March 2020. This is the third time that ChMK will supply rails to the Belarus…Details
In 2018 Uralelectromed received 807 million rubles of net losses as opposed to 1.3 billion rubles of net profit in 2017.
Revenue grew by 14%, to 42.27 million rubles.
Sales profit fell by 45%, to 1.55 billion rubles. (Ukrainian metal)
This year Kseniyevsky Priisk, operating in the Zabaikalye region, intends to extract 1050 kg of alluvial gold. Last year the enterprise extracted 1311.5 kg of gold, up from the plan of 745 kg. The equipment is 65% ready for the washing season. In 2016 the enterprise extracted 737 kg of gold and in 2017 –…Details
Energomashspetsstal has started manufacturing a bulk supporting roll with the weight of 147.5 tons for ArcelorMittal Galati (Romania). The roll will be used in the plate mill. It will be manufactured of an ingot weighing 355 tons of medium-alloyed steel. The length of the roll will exceed 10 meters. The roll has to be produced…Details
In 2018 Novosibirsk Iron and Steel Works named after Kuzmin received 4.45 million rubles of net profit.
In 2017 the company saw a net loss exceeding 100 million rubles.
Revenue went up by 41%, to 8.76 billion rubles.
Sales losses totaled 162 million rubles, down by 17%. (Ukrainian metal)
The gold-extracting company Vitimgeoprom, operating on the territory of the Republic of Buryatia and the Zabaikalye region, intends to yield some 270 kg of gold this season. This year the company will be operating at the Uakit and Zverevskiy sites in Buryatia and Belokopchi and Akril sites in Zabaikalye region, just as last year. In…Details
NLMK Metalware, a part of NLMK Group’s Long Products Division, started supplying a new type of steel products – 7×50 mm galvanized furniture fasteners used in the production of cabinet furniture. The first batch of this popular fastener has already been shipped to consumers. Furniture fasteners (confirmat screws) are used for furniture assembly, joinery and…Details
“We will provide the necessary assistance in the implementation of the project for further development of Makmal field,” the Prime Minister of Kyrgyzstan Mukhammedkaly Abylgaziev said at a meeting on the further development of Makmal. Earlier Kyrgyzaltyn OJSC held an investment tender for creation of a joint venture for further development of Makmal mine. Manson…Details
In January-February Ukraine exported 2.71 million tons of metal, or 88% of the total amount produced. Last year the share was 84.8%, or 2.64 million tons of 3.11 million tons produced. Semi-finished steel products accounted for 47.53% of exports, up from 43.19% last year. The share of the flat metal was 33.35% against 31.91%, while…Details