Technogroup has been chosen as the supplier of electric machinery of the converter gas heater for Cherepovets Iron and Steel Works converter No. 1. Under the contract the company will supply the technological equipment manufactured by WEG: the 5000 kW engine, 6 MVA phase-shifting transformer and the frequency converter. The delivery is scheduled for Q2…
DetailsThe Baykaimskaya mine has started work on the new long face – No. 6. Coal is mined with the help of Tiandi complex, which has shown positive results while operating at the long face No. 5. The machinery valued at 2.7 billion rubles was commissioned in August 2016. Since then the miners have yielded 2.2…
DetailsRUSAL announces that aluminum alloys 8030 and 8176 have been successfully approved by Russian authorities for the use in electrical wiring applications. This approval opens up new market opportunities for aluminum. The Ministry of Energy of the Russian Federation has approved the order that regulates construction of electrical installations and permits the use of aluminum…
DetailsIn January-October world steel output increased by 1.411 billion tons, according to World Steel Association. In October output grew by 5.9% YoY, to 145.25 million tons, with capacity loading at 73%. China manufactured 72.36 million tons of steel in October, followed by Japan (8.97 million tons), India (8.63 million tons), USA (7 million tons) and…
DetailsRussia’s largest coal-mining region, Kemerovo, plans to raise coal output to 240 million tons in 2017 from 227.4 million tons produced in 2016, governor Aman Tuleyev told the region’s Council of People’s Deputies. “We have not closed a single company despite all the problems, and we’ve even managed to build new ones and to hold…
DetailsThe construction of the railroad around Ukraine for the Crimean Titanium Works in Armyansk will begin in 2018. According to the so-called minister of internal policy of the Russia-occupied Crimea Andrey Vasyuta, the railroad will be used to transport ammonia to the company. Previously the station has been in Ukraine. As the works lacks the…
DetailsDarasun Mine LLC will resume gold mining in December. “We are now cleaning and restoring the air and water ways. Water will be pumped out in January-February 2018, after that we will examine the lower horizons”, the company said. The mine is now drying out shaft horizons, examining the gold-extracting factory and purchasing spare parts.…
DetailsCorum Group has won a tender to produce 200 sections of anchoring valued at over 250 million UAH for the Pokrovskoye Mine Group, the largest coking coal miner in Ukraine. The contract has to be fulfilled by May 2018. “This is a new anchoring structure named DT 08/18, which is a continuation of the DT…
DetailsIn 2018 Metinvest intends to increase the loading of Unisteel LLC capacities 2.5-4-fold YoY, to 50-80 thousand tons of galvanized rolled metal. In 2017 the company will produce slightly over 20 thousand tons of metal, while the project capacity of the machinery is 100 thousand tons, thus it has the prospects of increasing output. With…
DetailsMagnitogorsk Iron and Steel Works has concluded a 10-year agreement with Gazprom Mezhregiongaz Kurgan for the delivery of gas. The volume of the deal is 40.4 billion rubles without VAT. The agreement is valid through December 31, 2027. At present the main volume of gas to MMK is provided by Novatek-Chelyabinsk. Thus, MMK is diversifying…
DetailsAs of November 19, the gold-mining company Susumanzoloto has obtained 5042 kg of gold in Magadan region, up by 14% YoY. The increase is the result of the investment in the mining machinery fleet expansion. Thus, this year Susumanzoloto has purchased 3 loading complexes. During the current gold-mining season the company has invested 1.2 billion…
DetailsRussia has all the prerequisites to increase aluminum consumption from the current 6 kg per capita to 10 kg by 2020. And this is one of the tasks of the Aluminum Association, the organization chairman Valentin Trischenko declared. “For this we need to direct all our efforts to the import of all industries. We hope…
DetailsIn January-October Severstal sold 912 thousand tons of coated rolled metal, up by 13% YoY. Galvanized metal sales increased by 20% YoY, or by 93 thousand tons, to 570 thousand tons. Polymer-coated metal sales reached 343 thousand tons, up by 2% YoY, or by 8 thousand tons. “We believe metal consumption in this sector will…
DetailsThe state enterprise United company Ukruglerestructurizatsia has ordered Diviteya LLC the work on physical liquidation and environment protection within the project to shut down the mine named after Artem for 90.2 million UAH. By May 2019 the company will have to liquidate all the shafts, demolish all the buildings, recultivate land, organize landscape, plan territory…
DetailsBlack Iron Inc. (Canada) has finished the new feasibility study for the construction of the Shimanovsky Mining and Processing Works in Kriviy Rih valued at $748 million. According to the document, the construction of the mine and the works will be carried out in 2 stages. The capacity of the first stage will be 4…
DetailsIn the next three years Metinvest is going to buy 50 BelAZ quarry dump trucks with the lifting capacity of 30-50 tons and over 130 tons. According to the group statement, Metinvest and BelAZ have signed an agreement for long-term cooperation. Within 3 years BelAZ will be supplying Metinvest with trucks and spare parts. At…
DetailsIn January-September Ferrexpo invested over 1.47 billion UAH ($55.3 million) in its Ukrainian assets. In particular, Poltava Mining and Processing Works received over 1075.2 million UAH ($40.4 million), and Yeristovo Mining and Processing Works – 390 million UAH ($14.9 million). PGOK spent this money on deposits development, strategic projects, spare parts, etc. EGOK used the…
DetailsThe U.S. Department of Commerce has introduced a prohibitive antidumping import duty on carbon and alloy steel wire rod from Belarus, Russia, and the United Arab Emirates following an investigation, it said on November 22. The duty will be set at 280.02% for imports from Belarus, at 436.8-756.93% for imports from Russia and 84.1% for…
DetailsA 63 MVA power transformer manufactured by Power Machines – Toshiba. High-Voltage Transformers (PMTT) was shipped in September to the Cherepovets Iron and Steel Works. It was shipped within the framework of the reconstruction of the main step-down substation No. 2. The new equipment is to replace an aging unit, which has already exceeded its…
DetailsBelarus is among the world’s top ten metal cord manufacturers, the press service of Belarus Iron and Steel Works (BMZ trademark) reported. On November 21, BMZ celebrated the 30th anniversary of the launch of steel plant No. 1 and the start of metal cord production in Belarus. BMZ produces and sells metal cord, the main…
DetailsThe Arbitration Court of the North Caucasus Federal District has voided rulings of previous courts to charge metals producer Mechel 12.7 billion rubles in favor of Dutch company Atrix, owner of the Rostov Electrometallurgical Plant. In July, the Arbitration Court of the Rostov region ordered LLC NK Invest, Mechel-Steel, Mechel, and Mechel-Mining to redeem 5.085…
DetailsIn Q3 Novosibirsk Iron and Steel Works named after Kuzmin received 65.5 million rubles of net profit. The previous quarter ended with the net loss of 153 million rubles. In Q3 2016 the profit was 50 million rubles. In January-September NMZ losses amounted to 161.7 million rubles as opposed to 206 million rubles of net…
DetailsIn January-October the average delivery of ferrous metals scrap via railroad to metal works was 4.7 days, down by 1.3% YoY. The longest delivery (5.8 days) was in 2012. This year for batches of up to 260 tons (76% of all the deliveries) the speed was 4.8 days, for 260-520 tons (16%) – 4.2 days,…
DetailsBy the end of 2017 Norilsk Nickel plans to have increased its specialized palladium fund to 600 thousand ounces (18.7 tons). Global Palladium Fund was created in 2016 to develop the demand for metal and decrease market volatility and price risks. Earlier Nornickel reported that in H1 it purchased over 5 tons of palladium (some…
Details