Beloretsk Iron and Steel Works has successfully tested a new type of excavator steel rope with polymer coating. The tests have been carried out under the project to produce multi-strand steel ropes (8-12 strands) with the diameter of up to 90 mm, including with polymer coating. These ropes will replace imported analogues in mining, oil…Details
Zaporizhstal has used innovation techniques during the capital repairs of its blast furnace No. 3. According to the company CEO Rostislav Shurma, Mammoet (the Netherlands) has greatly helped in the process. The Dutch delegation visited Zaporizhstal on April 20 to get to know the environment modernization of the plant. In particular, the semi-knock down assembly…Details
Dutch metal processing company Focus Fabrication Group plans to build a 3,800 square meter metal processing plant in the port of Klaipeda by the middle of 2019.
The plant would produce various pipe constructions by processing 10,400 kilograms of metal a day.
Exports would mainly go to Western European oil and gas companies. (BNN/Ukrainian metal)
After the meeting that took place at the end of August 2017, British Steel, which had previously voiced an interest in KVV Liepājas metalurgs, refused to purchase the bankrupt company, says Liepaja City Council chairman’s advisor for public relations matters Andrejs Rjabcevs. Last week Liepaja City Council chairman Uldis Sesks refrained from commenting the matter…Details
Last week, the price of one ounce of gold in Azerbaijan decreased by 6.2985 manats or by 0.28%, to 2.287.6696 manats. The price of one ounce of silver increased by 0.9188 manats or by 3.25%, to 28.73116 manats. The price of one ounce of platinum increased by 12.223 manats or by 0.77%, to 1592.6722 manats…Details
Norway’s aluminum maker Norsk Hydro may declared force majeure on some contracts with Russian aluminum giant UC RUSAL recently hit by U.S. sanctions, Norsk Hydro said in a statement. The company has notified RUSAL “it may be necessary to declare force majeure on certain contracts, as the company could be prevented from upholding its obligations…Details
The state enterprises Selidovugol and Mirnogradugol have ordered the Donenergoexport LLC the delivery of mine sections at 4.2 million UAH and 3.87 million UAH respectively. In particular, Selidovugol ordered 105 tons of SVP-27 sections at 40 thousand UAH per ton, and Mirnogradugol – 100 tons at 38.76 UAH per ton. Had Selidovugol reached the Mirnogradugol…Details
In January-March Seligdar mined 238 kg of gold, up 2.5-fold YoY. Ryabinovoye LLC was the leader in gold mining: its output in Yakutia grew 2.3-fold, to 178 kg. The Podgolechnoye deposit yielded 28 kg of gold, with 4 kg more produced by Nizhneyakokitsky Mining Works. Sininda-1 mined 9 thousand tons of ore, but had not…Details
In 2019 the Bakyrchik Mining Enterprise LLC, a part of Polymetal, intends to reach the full capacity and yield up to 10.5 tons of gold per year at the Bakyrchik deposits.
The factory will be put into operation in 2 months.
Investments in the construction totaled $322 million. (Ukrainian metal)
The state enterprise Regional Power Grid has cut electricity supplies to the mines of Mirnogradugol, Selidovugol, Lisichanskugol, Pervomayskugol and Toretskugol. According to Mikhail Volynets, the chairman of the Independent Miners’ Union of Ukraine, state mines of Chervonograd and Volyn were also left without electricity. At present the union is taking actions to restore power supply…Details
In January-March MMK sold 2.828 million tons of metal, up by 10.5% YoY. The share of the high added value products reached 47.6%, or 1.345 million tons (+10.3%). Sales to domestic market increased by 16.5%, to 2.225 million tons, or 78.6%. The company produced 2.4 million tons of pig iron and 3.147 million tons of…Details
In 2017 Zaporozhye Aluminum Works decreased net losses 2.9-fold YoY, to 279.486 million UAH. According to the company statement, its EBITDA also grew 2.9-fold, to 282.663 million UAH. Net income increased 5.1-fold, to 31.891 million UAH. The overdue debt last year totaled 7.01 billion UAH. The company produced 53.38 tons of aluminum wire rod and…Details
The Individual Deposit Guarantee Fund has signed an agreement to sell Donetskstal assets.
According to the fund statement, the assets include the building of a cinema, a culture house and the manufacturing machinery, pledged to the now bankrupt Delta-bank.
The lot was sold for 331 million UAH. (Ukrainian metal)
In 2017 Zaporozhkoks increased net profit 2.9-fold YoY, to 1.058 billion UAH. According to the company statement, the undistributed profit as of last year totaled 2.3556 billion UAH. Current liabilities grew 2.7-fold, to 5.338 billion UAH, while fixed – by 20%, to 219.912 million UAH. The combined debt of the company increased 2.5-fold, to 6.039…Details
In 2017 MMK-Metiz increased metal output by 7% YoY, to 437.9 thousand tons.
According to the company statement, sales revenue grew by 23.9%, to 20.4 billion rubles.
Ordinary wire accounted for 36% of the revenue, ordinary fasteners – 12% and powder wire and ropes – 10% each. (Ukrainian metal)
A criminal case was instituted on the illegal issue of a permit for construction of a factory in the territory of the goldmine plant Makmalzoloto, the press center of the State Committee for National Security reported. The Corruption Control Service of the State Committee for National Security detected a violation of the legislation of the…Details
The state enterprise Selidovugol has concluded an agreement with Trading House Euroimpex LLC for the delivery of 15 km of fire-extinguisher and spray conduit valued at 18.9 million UAH. The outer diameter of the pipeline is 150 mm, and its cost is 1250 UAH per m (with VAT). Last year Mirnogradugol purchased such conduits at…Details
Corum Group has concluded an agreement with Donetskstal to construct excavations at the Pokrovskoye Mine Group.
According to the company statement, the commissioning is scheduled for 2018-2019.
The company will construct two excavations – ventilation and conveyer drifts with the combined length of 2700 meters. (Ukrainian metal)
In January-February Russia imported 37.1 thousand tons of corrosion-resistant flat steel valued at $83 million, down by 14.7% and by 5.6% YoY respectively. The 600 mm wide sheet accounts for 90% of the imports. The main supplier is China (45%), followed by Taiwan (14.6%) as well as Spain and South Korea (around 7% each). (Ukrainian…Details
Severstal has finished the capital repairs of Henschel-3 press shears used to process bulk and heavy scrap. “Each year the machine processes hundred thousand tons of scrap for the Cherepovets Iron and Steel Works steel manufacture. The modernization of such important equipment was carried out in less than 25 days. 15.8 million rubles were spent”,…Details
Chelyabinsk Iron and Steel Works is celebrating its 75-anniversary since the manufacture of the first steel. The first steel was produced in 1943 during the World War II. Since then the company has mastered the manufacture of some 2 thousand steel and alloy grades, as well as over 4 thousand types and sizes of rolled…Details
A new turbine unit with a maximum capacity of 50 MW will be installed at MMK’s Central Power Plant (CPP), which will significantly increase the plant’s efficiency and increase the level of reliability and manufacturability of the plant’s entire power system. Steam turbine T-42/50 will be supplied in April-May by the Ural Turbine Works. The…Details
The prices of the main precious metals decreased in Azerbaijan on April 20, according to the data published by the country’s Central Bank. The cost of gold decreased by 15.9375 manats, to 2282.0545 manats per troy ounce compared to the price on April 19. The cost of silver decreased by 0.0597 manats, to 29.2292 manats…Details
Novelis, the world’s biggest producer of rolled aluminum products, will no longer purchase metal produced by Russian aluminum giant UC RUSAL to comply with U.S. sanctions. The company said that it could reduce its dependence on aluminum purchases from RUSAL. “Accordingly, we are confident that the risk for any material disruption in production will be…Details