NLMK Group, a global steelmaker, is pleased to announce the appointment of Vyacheslav Vorotnikov as Managing Director of NLMK Lipetsk, effective as of August 5. Vorotnikov previously held the position of NLMK Lipetsk’s Director of Production Planning and Organization. Sergey Filatov, who previously headed NLMK Lipetsk, has decided to step down as Managing Director for…
DetailsThe Bakyrchik mining enterprise is considering the possibility of expanding its fleet of haul trucks made by the Belarusian automobile engineering company BelAZ, the enterprise’s Director General Kenbeiyl Isayev announced. When asked about possible plans to buy BelAZ haul trucks, Kenbeiyl Isayev noted that the matter would be looked into in late 2019 – early…
DetailsLast week the price of one ounce of gold increased by 20.485 manats or by 1.01%. Accordingly, the average price of one ounce of gold stood at 2,419.6202 manats. The price of one ounce of silver decreased by 0.3201 manats or by 1.01%, to 27.7827 manats. The price of one ounce of platinum dropped by…
DetailsIn May Russia exported 19.4 thousand tons of ferrochromium, up by 140% MoM and by 339% YoY. Deliveries to US grew 10-fold, to 10.3 thousand tons, and to the Netherlands – by 76%, to 4.6 thousand tons. In 5 months ferrochromium exports totaled 57.4 thousand tons, up by 133% YoY. In monetary terms since the…
DetailsThe builders of the Frunze bridge in the city of Samara have finished laying concrete of the roadway plates. The laying started in December 2018. The builders used nearly 5 thousand cubic meters of concrete and 9 thousand tons of metal structures. The automobiles were allowed to cross the bridge starting from August 1, and…
DetailsEnergomashspetsstal will produce rolls for ArcelorMittal Fos-sur-Mer, France. The order was received in July. The combined weight of the rolls is 105 tons. The rolls have to be delivered in Q2 2020. EMMS rolls will be used in the hot-rolling mills to produce steel sheet with the thickness of 2 to 10 mm. ArcelorMittal and…
DetailsIn July ArcelorMittal Kriviy Rih received the largest VAT reimbursement in the amount of 1.05 billion UAH as opposed to 848.4 million UAH in June. According to the State Treasury Service, Mariupol Ilyich Iron and Steel Works received 725.87 million UAH (870.92 million UAH in June) and Zaporizhstal – 544.05 million UAH (606.8 million UAH).…
DetailsIn January-June Belarus Iron and Steel Works received Br 1.55 billion of revenue, up by 8.1% YoY. Sales loss amounted to Br 19.1 million as opposed to a profit of Br 139.3 million a year earlier. Net profit went up 2-fold, to Br 17 thousand. The company fixed liabilities since the start of the year…
DetailsIn May Russia exported 26.6 thousand tons of ferrosilicon, down by 23.2% MoM and by 23.7% YoY. Deliveries to Japan dropped by a third, to 30%, and to Korea – almost 3-fold, to 2.5 thousand tons. The Netherlands increased purchases of the Russian ferrosilicon by 18%, to 8 thousand tons. In January-May Russia exported 160…
DetailsOlkon has purchased a license to develop the Pechegubskoye deposit. The reserves are estimated at 80 million tons of iron ore. “The purchase of the license is an important step for the development of the Olenegorsk GOK. We will start design work soon”, Olkon managing director Denis Golubichniy said. Additional prospecting work at the deposit…
DetailsIn January-June TMK decreased pipe sales by 3% YoY, to 1.989 million tons. In particular, the sales of seamless and welded pipes dropped by 3% and by 4% respectively. At the same time the sales of large-diameter pipes increased by 48%. Sales of OCTG pipes remained almost unchanged at 948 thousand tons, growing in Russia…
DetailsIn July Russian Railroads transported 108 million tons of cargo, up from 101.6 million tons in June. In January-July throughput totaled 741.6 million tons, down by 1.3%. Iron and manganese ore accounted for 69.3 million tons, up by 3.3%. Transportation of ferrous metals dropped by 4%, to 44.2 million tons, and scrap – by 0.1%,…
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