Baikal Mining Company, a part of USM Holding, and state banks Gazprombank, Sberbank, and VEB.rf have signed a contract to provide an up to $1.79-billion syndicated loan for development of the Udokan copper deposit, they said in a joint statement on July 10. Under an earlier agreement, VEB.rf, Gazprombank, and Sberbank agreed to finance up…
DetailsIn January-June Ukraine exported $4.8 billion worth of ferrous metals, down by 11.1% YoY. According to the State Fiscal Service, ferrous metals accounted for 19.6% of all export revenue, down from 23.21% in H1 2018. In June ferrous metals export revenue reached $728.42 million. Imports in 6 months dropped by 4.5%, to $600.65 million, with…
DetailsMariupol Ilyich Iron and Steel Works within a major investment reconstruction project is modernizing its wide-strip mill in the sheet-rolling shop 1700. The company has received the last batch of equipment with the combined weight of over 900 tons. Investments in the project total $85 million. The first stage of the shop reconstruction was completed…
DetailsFollowing DTEK Rovenkiantrazit LLC and DTEK Komsomolets Donbassa Mine LLC bankruptcy, last week saw the start of a bankruptcy procedure at the Yenakievo Iron and Steel Works. The company has been one of the main rolled metal manufacturers of Metinvest. On July 1 the Commercial court of Donetsk region started bankruptcy proceedings of the company.…
DetailsYuzhniy Kuzbass has started operating the first of 11 BelAZ quarry dump trucks purchased from BELAZ-24. The dump trucks with the lifting capacity of 220 tons (8 trucks) and 130 tons (3 trucks) have been purchased under the company modernization program. All the trucks will be delivered to Yuzhniy Kuzbass pits until the end of…
DetailsKomsomolskaya mine of Vorkutaugol has put into operation a new long face with the reserves of 535 thousand tons of coking coal. The new long face 712 is situated at the Troynoy layer in the southern block of the mine. The average daily output is 4 thousand tons of coal. The long face is expected…
DetailsThe Ministry of Economical Development has approved a request of the Penza region to create two industrial parks. An industrial park Master will be created in Serdobsk together with KamAZ. The park will be situated at the Serdobsk Machine-Building Plant. Metal structures, steel wares and car spare parts will be produced there. Another park will…
DetailsBratsk Aluminum Works has finished the reconstruction of a mud basin. The work started in 2012. Now instead of the basin grass is growing there. The basin was operating since 1978. BrAZ uses mud to produce coal concentrate and graphite briquettes. At present the company processes over half of wastes. It aims to process all…
DetailsChelyabinsk Iron and Steel Works has shut down one of its three blast furnaces for capital repairs. The repair is scheduled to be completed this year. The modernization will decrease harmful emissions by 42 tons per year. The design capacity of the blast furnaces at ChMK is 4 million tons of pig iron per year.…
DetailsRussia has asked for consultations within the World Trade Organization (WTO) on the U.S. steel anti-dumping duties, the WTO said in a statement on July 9. Russia thinks that the measure does not meet the requirements of the WTO’s Anti-Dumping Agreement, the organization said. (Prime/Ukrainian metal)
DetailsA manufacturing complex on deep processing of tungsten will be created on the territory of the Uzlovaya Special Economic Zone in Tula region. The project will be carried out by Evraz. Investments will amount to 5.5 billion rubles. Some 500 jobs will be created. (Ukrainian metal)
DetailsIn 15 years of cooperation Severstal has supplied over 500 million tons of polymer-coated rolled metal to Kazan Steel Sections. The Severstal coated metal is used in the manufacture of roofing and wall materials, as well as various sections. Kazan Steel Sections manufactures all metal tiles according to a new GOST R 58153-2018. The standard…
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