Electrozinc has started modernizing the cooling stack of the steam-power shop.
The modernization is supposed to improve efficiency of maintenance and decrease energy expenses.
It is expected that the cooling stack will resume operation in May.
Investments total around 50 million rubles. (Ukrainian metal)
In 2017 Karabashmed produced 120 thousand tons of raw copper, up by 7% YoY. The increase is the result of manufacture modernization – in 2004-2017 Russian Copper Company invested around 18 billion rubles in Karabashmed. In 2018 RCC intends to invest 2 billion rubles in the company. As the result 3 new converters will be…
DetailsSeverstal has commissioned the first industrial 3D-printer at Cherepovets Iron and Steel Works.
Investments totaled 4.3 million rubles.
With the help of the printer the machine-building shop will produce molds for cast parts. The printer is expected to produce around one third of all molds. It takes 16 hours to print one mold. (Ukrainian metal)
In 2017 Evraz increased steel output by 3.8% YoY, to 14.033 million tons. According to the company statement, in Q4 2017 steel manufacture grew by 1.4% QoQ, to 3.546 million tons. Semi-finished products output increased by 6.5% YoY, to 5.519 million tons, while that of construction rolled metal dropped by 7.9%, to 3.139 million tons.…
DetailsMagnitogorsk Iron and Steel Works is reconstructing its oldest blast furnace No. 1, commissioned in 1932.
The project presupposes the reconstruction of the foundry yards of the BF1, the capacity of which is 1.25 million tons of pig iron per year, and the volume – 1370 cubic meters. (Ukrainian metal)
The State Committee for Industry, Energy and Subsoil Use of the Kyrgyz Republic put up the right for geological exploration of two deposits of alluvial gold for auction. Bash-Nura and Chetke-Archalu fields in Naryn district were put up for auction. It is noted that in the 1930s and 1940s, a part of them was developed…
DetailsIn 2017 Kazakhstan produced 85029 kg of gold, up by 13.8% YoY.
According to the Ministry of the national economy, silver output dropped by 10.8%, to 1058605 kg. (Ukrainian metal)
Mechel has concluded an agreement on borrowing 1.44 billion rubles from Chelyabinsk Iron and Steel Works.
The agreement was signed on January 15 and is valid through October 1, 2022.
The interest rate on the loan is not revealed. (Ukrainian metal)
In 2017 Irkutsk region obtained 22903 kg of gold, including 12115 kg of ore gold and 10788 kg of alluvial gold. The total output increased by 1.3% YoY, with alluvial gold share down by 3.7%, and ore gold up by 6.2%. 26 enterprises were extracting gold in the region in 2017. 5 of them provided…
DetailsArcelorMittal Kriviy Rih has obtained a Kiwa certificate, which confirms the high quality of the company rebars. Now they can be marked with the KOMO sign. Earlier AMKR has already received the right to sell its products in Germany (according to DIN), Belgium (NBN) and France (NF). Now with the Kiwa certificate the company has…
DetailsIn 2017 Dneprometiz operation was stable, according to the company CEO Alexander Yakovlev.
Last year the company produced and sold over 85 thousand tons of metal wares. EBITDA totaled $3 million.
This year the company intends to increase output to 90 thousand tons.
EBITDA is expected to grow to 90 million UAH. (Ukrainian metal)
Last year the Nevinnomyssk-based StavStal unexpectedly became insolvent. “StavStal was created in 2011. It was working perfectly, but it did not return its debts to Sberbank. The bank demanded payment, but the company did not have enough funds. At first we attracted an Indian investor. They invested $5 million, but did not get anything in…
DetailsIn 2017 Tulachermet produced 2276 thousand tons of pig iron. This is the highest result in the entire history of the works operating with two blast furnaces. In December 2017 the company produced 211012 tons of pig iron, while on December 16, 2017 another record was set – 7540 tons of pig iron produced in…
DetailsMagnitogorsk Iron and Steel Works is finishing the preparatory works at the new sinter factory construction site: the builders are making foundation and assembling metal structures. In March they intend to start assembling the main machinery. Investments will total around 22 billion rubles. Construction started in December 2016. The first object of construction was the…
DetailsArcelorMittal Kriviy Rih has put in operation a new iron ore transporting complex. This year the company intends to increase iron ore output at the mine named after Artem from 757.6 thousand tons in 2017 to 1.013 million tons. This will make the company cover all its needs in sinter ore. For this a new…
DetailsIn 2017 NLMK Group steel output increased by 3% YoY, to 17.1 million tons. Group steelmaking capacities were running at 98%. NLMK Group sales in 2017 grew to 16.5 million tons, up by 3% YoY. Sales of finished steel increased by 5%, to 10.8 million tons, accounting for more than 65% in the group’s total…
DetailsThe state enterprise Mirnogradugol has ordered Vizarremprom LLC the delivery of anchoring for shaft operations, parts of mechanized anchoring sections and hydraulically operated mine props valued at 102.22 million UAH. According to the agreement, within 90 days of the 100% prepayment receipt the company has to deliver 30 units of hydraulic anchoring at 174396 UAH…
DetailsThe state enterprise Mine named after Surgay has concluded agreements on the delivery of goods valued at 199,999 UAH each at the total amount of 1.8 million UAH.
As the expected price of each purchase was below 200 thousand UAH, the enterprise was allowed not to hold the open trade. (Ukrainian metal)
In the town of Ukrainsk (Donetsk region) miners from the Ukraina mine of the state enterprise Selidovugol have made a preliminary strike and are preparing for mass actions because of the non-payment of salary. “On January 15 the first shift of the miners didn’t come to the work, a part of the second and third…
Details“Non-Ferrous Metals Alloys Manufacture” of Uralelectromed has received new machinery valued at 10.5 million rubles. In particular, hydraulic forming machines have been supplied from Turkey and vertical milling machine – from Belarus. The new machinery will improve productivity and increase product range. The purchase of the new mills was presupposed in the program of modernization…
DetailsMetinvest has increased its share in Azovstal Iron and Steel Works from 96.22373% to 96.74396%. In particular, the share of Metinvest B. V. grew from 74.66433% to 75.18456% following acquisition on the secondary market. As of Q3 2017, Metinvest International S. A. owned 21.5594% of Azovstal shares. The statutory capital of Azovstal is 1.972 billion…
DetailsIn December 2017 Kazakhstan produced 0.424 million tons of steel, up by 13.9% YoY and by 2.2% MoM. In 2017 steel manufacture totaled 4.663 million tons, up by 9.4% YoY. Ferroalloys output increased by 6.6% YoY in 2017, to 1.948 million tons. In December 2017 output grew by 5.2% MoM and by 6.1% YoY, to…
DetailsBrazil Steel Institute (IABr) has called unacceptable the technical report of the Ministry of Finances on antidumping measures to steel imports from Russia and China. According to the ministry the final antidumping measures will negatively affect local customers, which would face short-term difficulties when making their delivery chains. Moreover the antidumping duties will result in…
DetailsMagnitogorsk Iron and Steel Works (MMK) has signed an investment contract with Italian company Danieli & Officine Meccaniche S.p.A. to modernize MMK’s rolled section workshop’s double-strand mill No. 170. The value of the contract for the supply of technical documentation, equipment, installation supervision services, and operational training amounts to EUR 5.5 million. The project is…
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