Having purchased Krivorizhstal, ArcelotMittal has invested $4.4 billion in its Kriviy Rih asset, and in the nearest 5 years will invest $1.8 billion more. According to the company deputy CEO on metallurgical manufacture Alexander Ivanov, the main focus will be on the change in sinter manufacture, which accounts for some 70% of air pollution. “We…Details
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In October metal transportation via the Dnepr River grew by 13.3% MoM, to 170 thousand tons. In 10 months transportation increased by 24.1%, to 1.37 million tons. In January-September metal transportation went up by 27.3% YoY, to 1.2 million tons. (Ukrainian metal)Details
Thanks to the first stage of the Mariupol Ilyich Iron and Steel Works hot-rolling mill-1700 reconstruction, Metinvest will increase its sales of sheets to 4 million tons. “At present we produce 3.4-3.5 million tons of high-quality flat rolled metal, but now we will be able to produce 4 million tons”, Metinvest sales director Dmitriy Nikolayenko…Details
Metinvest has completed the first stage of the hot-rolling mill-1700 capital reconstruction at Mariupol Ilyich iron and Steel Works. “Under the project we have received a new reduction reversing stand and a better water descalling. Thanks to the reconstruction of the heating furnaces we will be able to maintain equal temperature over all the length…Details
In August Russia exported 25.9 thousand tons of zinc ore and concentrate, up by 53.4% MoM, but down by 30.5% YoY. Deliveries to China grew by 60%, to 20.1 thousand tons, and to Kazakhstan – from 4.3 to 5.8 thousand tons. In January-August exports totaled 164.9 thousand tons, down by 26% YoY. In monetary terms…Details
NLMK Lipetsk, the flagship site of NLMK Group, has relaunched Blast Furnace No. 6 (BF-6) following a large-scale upgrade. The overhaul of the Blast Furnace No. 6 is one of NLMK Group’s Strategy 2022 key projects. As a result, the maximum output of the furnace increased by 8%, to 3.4 million tons of pig iron…Details
The net profit of the Russian gold producer Polyus more than doubled to 80.802 billion rubles in January-September, as calculated under International Financial Reporting Standards (IFRS), the company said. Revenue increased by 32.3%, to 176.113 billion rubles, operating profit rose by 33.5%, to 96.387 billion rubles, and gross profit grew by 28.7%, to 110.214 billion…Details
Severgroup of tycoon Alexei Mordashov expects a more than 400-billion ruble support in the framework of the law of protection and promotion of investments, a representative of the group reported. “Severgroup presented projects worth more than 400 billion rubles to the workgroup for the bill, all of them will favor fulfillment of the national priorities,”…Details
Svyatogor, a part of UGMK, has asked the government to put up for an auction a site of the Volkovskoye deposit of tungsten-iron-copper ores, the largest in the Urals. Copper reserves are estimated at 771 thousand tons, iron – 20 million tons, tungsten oxide – 333 thousand tons and gold – 11.7 thousand tons. The…Details
In 2020-2021 the geological prospecting company Russian Service Geological Service LLC intends to carry out an evaluation drilling at the Levo-Dybinskoye ore field in the Republic of Sakha (Yakutia). The ore field could contain a large-volume object (100-200 tons) of thin ores with the gold content of 1-1.5 g per ton. So far three ore…Details
In January-September the scientific and manufacturing company Geotechnologia produced 1761 tons of nickel, down by 60% YoY. This year the company was operating at the Shanuch deposit in Kamchatka. The reason of such a drastic decrease is not explained. In 2018 the company produced 6 thousand tons of nickel, down from the target of 9.5…Details
Cherepovets Iron and Steel Works has finished a number of capital repairs in the coke – sinter – blast-furnace manufacture. The repairs have been carried out by CherMK employees, as well as contracting companies. The main work has been carried out at the largest blast furnace No. 5. The second-largest furnace No. 4 capacities have…Details
In October Dneprovsky Iron and Steel Works decreased steel output 6.7-fold MoM, to 7 thousand tons. Pig iron manufacture fell 6.8-fold, to 7 thousand tons. October is the first month when DMZ is working in a new mode. From October 5 the company partially shut down its main shops in preparation for a large-scale modernization.…Details