Chelyabinsk Zinc Works has started constructing the leaching department of its hydrometallurgical shop. The preliminary stage ended in mid-July: the concrete surface of the future construction site has been disassembled. “The decision to start constructing the department was taken under the program to increase capacity to 200 thousand tons of zinc per year. After the…
DetailsIn January-June Ukraine produced 500.2 thousand tons of pipes, up by 26% YoY, including 93.8 thousand tons in June. Ukrtrubprom enterprises increased output by 34.6%, to 335.4 thousand tons of pipes, with 64.4 thousand tons in June. Khazrtsyzsk Pipe Works, situated in the uncontrolled territory, produced 3.4 thousand tons of pipes (2.8 thousand tons in…
DetailsIn January-May Belarus exported $727.7 million worth of metal. According to the State Statistics Committee, the metal share in the total industrial exports was 6.8%. Rolled steel exports increased by 6.8% YoY, iron and steel wire – by 42.1%, steel pipes – by 3.8%, and metal structures – by 3.4%. Rolled metal amounted to 32.8%…
DetailsOn July 13 the rating agency Fitch Ratings upgraded the Magnitogorsk Iron and Steel Works’s Long-Term Issuer Default Rating (IDR) to ‘BBB-‘ from ‘BB+’ with Stable Outlook. In its press-release Fitch notes that the rating upgrade reflects MMK’s substantial deleveraging and Fitch’s view that the company’s financial profile will remain conservative, with projected leverage comfortably…
DetailsSteel output of Russia’s Magnitogorsk Iron and Steel Works (MMK) increased by 3.8% QoQ, to 3.182 million tons in April-June, the company said in a statement July 17. In January-June, steel production rose by 0.6% YoY, to 6.248 million tons. Metal products sales fell by 3.2% YoY, to 5.605 million tons, in January-June, but increased…
DetailsMikhail Volynets, the chairman of the Confederation of Free Unions, reports that over 50 miners of Lisichanskugol (Lugansk region) are striking underground. “In particular 31 miners from the mine named after Kapustin and 21 miners from the Novodruzheskaya mine are on strike”, he wrote on his Facebook page. “The administration has forbidden other miners to…
DetailsIn June Ukraine produced 1565 thousand tons of steel, down by 7.3% MoM, or by 124 thousand tons. In January-June steel output dropped by 17.2% YoY, or by 2140 thousand tons, to 10273 thousand tons. In May steel manufacture increased by 18.7% MoM, or by 266 thousand tons, to 1689 thousand tons. In 2016 Ukraine…
DetailsThe metal industry of the Zaporozhye region provides jobs to every fifth citizen – 29.9 thousand people, or 21.3% of the regions employment, in mining – 5.9 thousand people, or 4.2%. In January-June the index of industrial output in metal industry increased by 2.1% YoY, though in mining it fell by 3.4%, mostly because of…
DetailsThe state enterprise Gosgeonedra has given the license to the Vostochniy Mining and Processing Works in Kropivnitsky (Kirovograd region) to mine for uranium. “I have met with the miners and promised to help. The authorities reacted to my appeal. On July 17, 3 thousand people went to work”, the Radical party leader Oleg Lyashko reported.…
DetailsThe employees of the state enterprise Lvivugol have expressed no-confidence to the minister of energy and coal industry Igor Nasalik. According to the Independent Miners’ Union chairman Mikhail Volynets, the decision was taken following the systematic non-payment of salary and unfulfilled promises. “As of the Miners’ Day the debts are unlikely to be cleared, thus…
DetailsIn early June Rosneft and the Pipe Metallurgical Company signed a contract for the delivery of oil pipes, and on July 13 the TMK deputy CEO Vladimir Shmatovich reported its cost – over $3 billion. The contract has been signed for 5.5 years, which will allow TMK to occupy some 40% of the Russian market,…
DetailsIn September Karabashmed will start replacing converters in its metallurgical shop. The company intends to increase output to 130 thousand tons of raw copper per year and improve environment safety by implementing the gas-purifying system. The converters will be put into operation in the middle of the next year. At present the company operates 3…
DetailsIn January-June Russian Railroads bought 553.5 thousand tons of rails. All the rails are bought from Russian manufacturers. In particular Evraz supplied 397.1 thousand tons of rails, and Mechel – 156.4 thousand tons. This year Russian Railroads intends to buy around 1 million tons of rails: some 700 thousand tons from Evraz and 330 thousand…
DetailsThe Belarus Iron and Steel Works section-rolling shop No. 2 has produced 1 million tons of metal since the start of its operations. The event took place on July 16, the Day of the Metallurgists. In H1 2017 the shop sold 256.3 thousand tons of metal valued at $112.4 million, exporting 215.2 thousand tons (84%)…
DetailsIn January-June the Pipe Metal Company increased sales by 4.1% YoY, to 1.808 million tons. The increase was spurred mostly by the demand growth for seamless pipes, the company said in a statement. Seamless pipes sales increased by 16.9%, to 1.346 million tons. Welded pipes sales dropped by 21%, to 462 thousand tons due to…
DetailsBy the end of the year Rusal intends to have finished negotiations with the banks on loans to complete construction of Tayshet Aluminum Works. “We’re negotiating with VEB on a rather advanced stage. But there is no word from Rushydro yet. As soon as they say anything, we will draw financing together”, Rusal strategy, business…
DetailsIn 2017 VSMPO-Avisma intends to keep earnings on the previous year level – 76 billion rubles.
Sales are expected to increase by 15.8%, to 28.3 thousand tons.
The strengthening of the ruble negatively affects the ruble reports, the ruble equivalent of exports decreases, and that’s some 70% of all earnings. (Ukrainian metal)
In January-June Zaporozhye Iron Ore Complex mined 2.021 million tons of iron ore, or 100.1% of the plan, at the same time down by 7.2% YoY. The average Fe content in ore in H1 was 61.22%, or 101.3% of the plan. The company sold 2.095 million tons of ore, or 97.7% of the plan. In…
DetailsPrime Minister of Ukraine Volodymyr Groysman on July 16 congratulated employees of the mining and metallurgical complex on their professional holiday, the government’s portal reports. In his speech on the occasion, the prime minister said: “The industry incurred heavy economic and infrastructure losses from the Russian-terrorist occupation of separate regions in Donbas, as well as…
DetailsIn January-June Korshunovsky Mining and Processing Works increased iron ore concentrate output by 5% YoY, or by 66 thousand tons, to 1.4 million tons.
Ore mining exceeded 4 million tons, with 1.9 million tons yielded by the Korshunovsky quarry and 2.2 million tons by the Rudnogorsky mine. (Ukrainian metal)
Seligdar has put a new gold-extracting factory at the Ryabinovoye deposits. The construction lasted for 2 years and required 6.3 billion rubles of investments. The Seligdar factory at the Ryabinovoye deposits is the largest gold-mining enterprise in the region to start operating in the last 30 years. Especially for the factory, the Tyazhmash company produced…
DetailsGlobus-Stal has put into operation a new manufacturing line to produce electric-welded pipes of stainless steel.
The company has already made its first order – the 6-meters long pipe with 16 mm diameter and 1 mm wall thickness.
Globus-Stal is able to produce 16-60.3 mm diameter pipes with wall thickness of 0.4-3 mm. (Ukrainian metal)
The Raspadskaya Processing Factory has processed 100 million tons of coal, since it has been put into operation.
The factory started operating in 2005. The enterprise processes coal of 0-300 mm classes.
Its project capacity is 15 million tons of coal per year with daily norm of some 38 thousand tons. (Ukrainian metal)