ArcelorMittal Kriviy Rih has received the third locomotive this year modernized by Nikolayev Locomotive-Repair Plant. 4 more machines are expected in August-October. And three will be sent for repairs in late June. Thus, in 2019, 11 locomotives will be repaired this year, up almost 2-fold YoY. “But for the fleet of 126 machines, which service…Details
Magnitogorsk Iron and Steel Works (MMK) shipped 181,070 tons of long products to consumers in May, which was a record figure of monthly shipments of this type of product since the launch of the existing units of the long shop. The previous record figure was 172,000 tons of long product shipments, which was reached at…Details
Magnitogorsk Iron and Steel Works (MMK) took fifth place in the global 2019 Value Creators rankings among metals companies with the highest return on investment, compiled by international consulting company Boston Consulting Group. The rankings’ methodology is based on total shareholder return (TSR) generated in the past five years. Five-year TSR for MMK shareholders from…Details
According to Worldsteel, in January-May global steel output grew by 5.03% YoY, to 764.07 million tons.
China is a traditional leader with 404.88 million tons, up by 10.19%. China’s share in the world output is 53%.
Ukraine is still on the 13th place with 9.27 million tons produced, up by 6.9%. (Ukrainian metal)
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The employees of the Yuzhnodonbasskaya No. 1 mine and partially of the Mine named after Surgay have started striking because of non-payment of salary.
The wage debt reaches 35 million UAH.
The miners have blocked a highway.
The Yuzhnodonbasskaya No. 1 miners have also suspended coal mining. (Ukrainian metal)
Aktyubinsk Copper Company has purchased new special machinery to develop the Vesenne-Aralchinskoye deposit. The batch comprises 7 dump trucks, 3 loaders and 2 drilling rigs. The lifting capacity of the loaders is 10 tons, and of the trucks – 20 tons. The deposit is situated both on the territory of Kazakhstan (southern part) and Russia…Details
In early 2021 Polyus Magadan will commission a new tailing dump at the Natalkinskoye deposit in Magadan region. The lifetime of the dump will be 19 years. It will be able to store 170 million cubic meters of rock. The new dump will be situated next to the current temporarily tailing dump in the Intrigan…Details
Cherepovets Iron and Steel Works is carrying out a program to replace cranes. Thus, a new Baltkran electric bridge crane No. 26 with the lifting capacity of 40 tons has been assembled in the metal treatment shop No. 2. Another 20-ton crane has been commissioned in the metal treatment shop No. 1. CherMK has also…Details
NLMK-Metiz has concluded an agreement to assemble a bell type furnace in the steel wire shop. The furnace will be used for the pelletizing of wire. The wire with the diameter of 1.2 to 6 mm is one of the most sought-after products of the company. Annually NLMK-Metiz produces some 30 thousand tons of thermally…Details
In case railroad transportation to the currently uncontrolled territories of Lugansk and Donetsk regions is resumed, Ukrzaliznytsia intends to have doubled the volumes of coal, iron ore and ferrous metals by 2030. According to the company strategy for 2019-2030, the export of ferrous metals will grow by 31.7% compared with 2018, to 21.809 million tons…Details
Russia has temporarily allowed importing some products from the sanctioned list.
In particular, until October 1, 2021 it is allowed to import some types of pipe products.
The sanctions on imports from Ukraine were applied in April. (Ukrainian metal)
Last week, the price of one ounce of gold increased by 100.2575 manats or by 4.4% in Azerbaijan, Trend reports. Accordingly, the average price of one ounce of gold stood at 2,317.1272 manats. The price of one ounce of silver grew by 0.9188 manats or by 3.6 percent, to 25.6702 manats per ounce. The price…Details
In May Russia imported 30824 tons of stainless steel products, up by 1.3% MoM, but down by 21.6% YoY. In particular, the import of flat rolled metal increased by 3.6% MoM, pipe fittings – by 14.9% and primary billets – by 172.3%. At the same time the imports of electric welded pipes dropped by 21.6%,…Details
Energomashspetsstal has finished producing rolls for Primetals Technologies, Austria. Under the contract EMSS has manufactured 36 supporting rolls with the combined weight of almost 1500 tons. The end customer of the rolls is ArcelorMittal Lazaro Cardenas, Mexico, which ordered Primetals Technologies a new rolling mill. So far the customers have inspected and accepted 11 supporting…Details
In January-May Russia produced 2 million tons of metal structures and parts of ferrous metals, up by 16.7% YoY.
According to the Federal Service of State Statistics, in May output increased by 7.1% MoM and by 9.6% YoY.
Aluminum structures manufacture grew by 16.7% YoY, to 27.1 thousand tons. (Ukrainian metal)
Bystrinsky Mining and Processing Works has received 4 new BelAZ-75581 quarry dump trucks with the lifting capacity of 90 tons. The machines will have been assembled and put into operation by late July. According to the director of the mine Vitaliy Bushel, until the end of the year the 4 trucks have to transport over…Details
On June 21 the TMK board of directors held a meeting. Dmitry Pumpyanskiy has been appointed the chairman. The board also decided to elect Igro Korytko CEO, who had previously been deputy general manager on efficiency management. Alexander Shiryaev, the previous CEO, will continue working in the company as a member of the council. Moreover…Details
PAO Severstal, one of the world’s leading vertically integrated steel and mining companies, has established a new unit that will be focused on the development of digital businesses. The team will be headed by Sergey Khabarov, previously investment director at Genome Ventures, an innovative human capital development business. The new unit will be a part…Details
PJSC TMK and PJSC Novatek have signed a Strategic Partnership and Cooperation Agreement at the 23rd St. Petersburg International Economic Forum. Dmitry Pumpyanskiy, Chairman of TMK’s Board of Directors, and Leonid Mikhelson, Chairman of Novatek’s Management Board signed the document. The agreement outlines key policies and approaches for supplying TMK’s premium casing and tubing pipe…Details
Metalloinvest has commissioned a new reduction and calibration section for Rolling Mill 350’s mid-size production line at Rolling Unit No. 2 at OEMK. Investment in the project totaled more than 600 million rubles. The modernization will enable the company to increase production of high-quality rolled steel by 67,000 tons per year. The new reduction and…Details
In April Russia imported 105 thousand tons of manganese ore and concentrate, up by 54% MoM and by 6.6% YoY.
In 4 months imports dropped by 21.6% YoY, to 306.4 thousand tons.
Since the start of the year in monetary terms imports decreased by 31.8%. (Ukrainian metal)
In 2018 metal industry demonstrated a profit of 689.6 million UAH as opposed to 9.8 billion UAH of losses in 2017. According to the State Statistics Service, 76.8% of enterprises received a profit of 34.5 billion UAH, with 23.2% having loses of 33.8 billion UAH. The metal industry profit constituted just 0.6% of the entire…Details
Yuzhniy Mining and Processing Works has repaired the technological section No. 13 of its ore-processing factory No. 2. Investments in modernization totaled 400 million UAH. All the technological sections at its 2 factories UGOK will modernize until 2022. The work started last autumn. This year it is planned to spend some 2.5 billion UAH on…Details