The minister of industry Pavel Utyupin has presented the new general manager Dmitriy Korchik to the employees of Belarus Iron and Steel Works. His appointment was approved by the head of state on July 29. According to the government, the company has to develop foreign trade. And Korchik has vast experience in this field. Since…Details
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Energomashspetsstal has once again successfully submitted parts for the Kudankulam nuclear power plant and passed the check for the production of billets for the main reactor body machinery of the units Nos. 5 and 6. In particular, the company has submitted 8 billets for steam generator, main circulatory machine and main circulatory pipeline to the…Details
In July cargo transportation by Sverdlosvk Railroad in the Nizhniy Tagil region totaled 2.9 million tons, up by 4.6% YoY. In 7 months transportation grew by 4.1%, to 19 million tons. In particular, the railroad transported 6.8 million tons of iron ore, down by 4%, 2.5 million tons of non-ferrous ore, down by 1.7%, and…Details
U.K.-based mining giant Evraz, which operates mainly in Russia, has purchased 714 million rubles worth of multi-purpose machines for coalmines, affiliate Raspadskaya said in a statement on August 13. The machines will be installed on the Raspadskaya and Uskovskaya mines. (Prime/Ukrainian metal)Details
According to the customs statistics, in January-June Russia exported $206.5 billion worth of products, down by 3.6% YoY. The share of metal and wares was 9.5%, down from 10.4% last year. The share of exports to far foreign countries totaled 8.9% (10.1%), and to the CIS countries – 13.3% (12.8%). The cost of exports dropped…Details
In January-June Stoilensky Mining and Processing Works received two excavators with 12-cubic meter ladles and two drilling rigs. The new machines have been purchased due to the increase in ore output. “By 2021 Stoilensky GOK intends to have reached the ore mining of 42 million tons per year. For this we buy modern and highly…Details
In January-June Priisk Dambuki net profit amounted to 84.8 million rubles, up from 83 thousand rubles last year. Revenue grew 10.2-fold, to 241.1 million rubles. Sales profit increased 12-fold, to 131.9 million rubles. EBITDA was 107 million rubles, up from 339 thousand rubles. As of August 8 the company has extracted 245 kg of gold…Details
Severstal-Metiz is supplying a number of metal wares for the construction of the Novatek-Murmansk center for the construction of bulk sea structures. On the western shore of the Kola Bay Novatek is building the largest center in Russia to produce liquefied gas plants on ferroconcrete platforms of the gravitation type. Severstal-Metiz ships fasteners, steel shaped…Details
In July the price of electricity for ArcelorMittal Kriviy Rih increased by 20% MoM, which negatively affected the product cost. “The increase of electricity price will result in expenses growth. Electricity prices have grown not only for us, but also for many of our suppliers of services, raw materials and various products”, the company noted.…Details
In July Ukraine exported 3.5 million tons of iron ore and concentrate, up by 16.2% MoM, valued at $391.8 million, up by 75.7%. According to the State Fiscal Service, in 7 months Ukraine exported 23.3 million tons of ore valued at $2.09 billion. The share of the iron ore raw materials in the overall export…Details
Zagorsky Pipe Works has received a right to supply pipes according to API made of steel with the strength of X80. Prior to that the company could supply large-diameter pipes with the strength of X70. The audit of the X80 pipes began in February. This year the company planned to export over 50 thousand tons…Details
Kamchatskoye Zoloto, developing deposits in the Bystrinsky district of Kamchatka region, intends to commission the first stage of the Baranievsky Mine in the second quarter of 2020. The mine is expected to yield 73 thousand tons of ore per year. The second stage, during which the mine will reach the design capacity of 200 thousand…Details
In January-July Ukraine exported 5.07 million tons of rolled metal, up by 4.5% YoY, valued at $2.676 billion, down by 6.5%. In particular, the exports of flat rolled metal increased by 6.9%, to 3.190 million tons valued at $1.63 billion, down by 3.6%, bars and sections – by 0.3%, to 1.71 million tons valued at…Details