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This year, Ingulets Mining and Processing Works has invested $67.4 million in modernization of manufacture. Among the major projects was the replacement of 40 pumps at the ore-processing factory No. 1, repair of processing and crushing machinery as well as conveyer transport. InGOK has also purchased two drilling rigs, a new EKG-12K excavator, a crusher…
DetailsIn January-November, ArcelorMittal Kriviy Rih produced 4.1 million tons of rolled metal, down by 3.7% YoY. Steel output dropped by 14.1%, to 4.24 million tons, pig iron – by 8.8%, to 4.47 million tons, and sinter – by 9.9%, to 8.2 million tons. In November, the company produced 380 thousand tons of rolled metal, 415…
DetailsIn January-September, Interpipe EBITDA amounted to $216.394 million, up by 8% YoY. Revenue dropped by 23%, to $660 million, and capital investments – by 34%, to $27 million. Net debt amounted to $12 million. In Q3, revenue decreased by 12% QoQ, to $192 million, while EBITDA grew by 7%, to $67 million, and capital investments…
DetailsIn 2020, Russia registered 110 new deposits with combined gold reserves of 145.39 tons. Moreover, one large platinum deposit with reserves of 10 tons was discovered – Konder in Khabarovsk region. Alluvial gold accounts for the most part of new deposits – 95 with the reserves of 28.629 tons. 13 ore gold deposits contain 113.935…
DetailsMariupol Ilyich Iron and Steel Works has just finished one of the largest environment projects in the history of the independent Ukraine – the reconstruction of the sintering factory with investments at the level of over $160 million. The reconstruction lasted for more than 7 years. The Mariupol Ilyich sinter factory is one of the…
DetailsThe new DSP-70 complex in the Energomashspetsstal electric arc shop has carried out its 7000th smelting. The complex was commissioned in 2012. This was the last stage of the 7-year program to modernize the works. Investments in 2005-2012 exceeded $300 million. The maximum weight of an ingot produced at EMSS is 415 tons. (Ukrainian metal)
DetailsThis year Zaporizhstal has mastered the manufacture of 8 new types of hot- and cold-rolled metal. “Next year we intend to start producing 7 more”, the company CEO Alexander Mironenko has said. In particular, Zaporizhstal has mastered the manufacture of DC01 cold-rolled coils for Marcegaglia with full correspondence to European quality standards. (Ukrainian metal)
DetailsOn December 4-11, metal companies increased purchasing prices of scrap by 950 UAH per ton, to 6900 UAH per ton. The increase is driven by a growth of raw materials prices and improvement of the global market situation. Scrap deliveries last week amounted to 68.6 thousand tons as opposed to 64.9 thousand tons a week…
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