VSMPO-Avisma has signed the acceptance report on the new ring-rolling mill to make products of titanium alloys for engine manufacturing.
With the new mill the corporation will be able to produce titanium rings with highly complex outer and inner sections. The mill can produce rings with up to 3500 mm diameter. (Ukrainian metal)
The net profit of TMK in 2016 reached $166 million as opposed to $368 million of losses in 2015. According to the company statement, its revenues decreased by 19.1%, to $3.33 billion, with gross profit down by 16.7%, to $704 million. EBITDA dropped by 18.6%, to $530 million. Net profit in Q4 2016 totaled $84…
DetailsEvraz has postponed the sale of Evraz NMTP in Nakhodka. Novoport, one of the probable buyers of the port, offered $250 million. In late November 2016 Evraz started looking for buyers of a 100% stake in NMTP. A dozen buyers could purchase the asset, including companies from China and Kazakhstan. The main advantage that makes…
DetailsKyrgyzstan is studying a ban on the export of gold concentrate abroad and is considering the possibility of building a copper plant, the State Committee of Industry, Energy and Subsoil Use reported. It is noted that the Kyrgyz delegation headed by the chairman of the State Committee Duishenbek Zilaliev visited Balkhash copper smelting plant. The…
DetailsIn January-February Ukraine exported $122.1 million worth of metal wares, with $63.47 million exported in February. According to the State Fiscal Service, metal wares imports increased by 24.8%, to $108.02 million ($62.34 million in February). In 2016 Ukraine exported $689.81 million worth of metal wares, down by 24.8% YoY, while imports grew by 23.8%, to…
DetailsThe AzerGold company, which is engaged in exploration, development and management of non-ferrous metal deposits, plans to produce almost 1.3 tons of gold and two tons of silver at the Chovdar mine in Azerbaijan’s Dashkasan district in 2017, according to the report on the activities of the Azerbaijani government for 2016. In the subsequent years,…
DetailsRosterminalugol JSC, the largest dedicated coal port in the Baltic region, a part of Russia’s largest coal port holding Port Management Company LLC, says it has loaded the largest batch of coal in the company history. According to the terminal’s press center, 111,339 tons of coal delivered to the port in 1,560 wagons were loaded…
DetailsIn January-February Ukraine exported 17.78 thousand tons of ferrous scrap valued at $3.655 million, up by 77.9% and by 70.7% YoY respectively. Scrap imports increased by 63.2% YoY, to 6.755 thousand tons, valued at $4.878 thousand, up 4.1-fold. Turkey (79.87%), Moldova (16.6%) and Russia (3.5%) were the main suppliers of scrap, with Turkey (92.97%), the…
DetailsIn January-February Ukraine exported $1.346 billion worth of ferrous metals, up by 46.3% YoY. According to the State Fiscal Service, ferrous metals amounted to 21.48% in the total export as opposed to 19.48% in January-February 2016. In February ferrous metals export revenues reached $691.81 million. In January-February Ukraine imported $114.98 million ($60.53 million in February)…
DetailsUralmashzavod will supply 1 thousand tons of back-up rolls for hot-rolling to ArcelorMittal Temirtau.
According to the company statement, the rolls will be supplied in Q3-4.
Uralmashzavod has finished the first stage of its roll manufacture modernization, which allows it to increase output and improve quality. (Ukrainian metal)
Armalit (Saint Petersburg) has put into operation the robotized welding complex on the basis of an industrial robot.
The robot allowed the company to implement adaptive welding.
With the robot put into operation the capacity of the company increased 2.5-fold. (Ukrainian metal)
Sberbank has opened a credit line of 1 billion rubles to Zagorsky Pipe Works. The money will be used to clear debts to the Insulation Pipe Works. According to the loan agreement, ZTZ has to clear the credit in 2018. At the same time Sberbank has restructured the ZTZ debt of 4.1 billion rubles. The…
DetailsThe Khabarovsk region governor Vyacheslav Shport together with the new owners, representatives of Torex, visited Amurmetal.
According to the company representatives, the situation at the works was stable, salary issues have been settled. In March the works plans to produce 12 thousand tons of steel from raw materials supplied by Torex. (Ukrainian metal)
In January-February Ukraine exported 347.6 thousand tons of steel-making pig iron, down by 10% YoY, following the increase of 50.6% in January. According to the State Fiscal Service, the value of the pig iron exported was $99.644 million, up by 56.5% YoY. Pig iron was mostly exported to USA (50.25%), Turkey (19.2%) and Italy (12.7%).…
DetailsOn March 9, in spite of the strikes of coal miners in Lviv region, the coalmines of the region shipped 609 tons of coal. “The mines of state-run Lvivugol enterprise operated as usual in the past day. A total of nine trucks of coal were shipped,” director general of Lvivugol Andriy Diachenko said. According to…
DetailsGlobal rating agency Fitch has revised the outlook for the ratings of gold mining company Nordgold, controlled by Russian businessman Alexei Mordashov, to Positive from Stable, the agency said in a release. The company’s long-term issuer’s default rating has been affirmed at “BB-“. “The affirmation of the company’s ratings reflects operational and financial results in…
DetailsIn the past several years the gold contents in the ore at Makmalzoloto have decreased 2-3-fold. The works could operate with what it has by the start of H2 2018 at best. The depth of ore has also increased – by almost 120 meters from the bottom of the quarry, resulting in the increase of…
DetailsAccording to the ex-director of the PR department of Naftogaz Ukrainy Valentin Zemlyansky, imported coal will cover only half of what is needed to prepare for the next heating season. It is expected that new contracts for the delivery of coal from SAR and Australia will be concluded, and the first batches will arrive in…
DetailsThe largest coalmine in Donbass – Komsomlets Donbassa – has been put out of operation. The mine is a part of DTEK, owned by Rinat Akhmetov. Most of the personnel were sent into unpaid vocation on March 3. Only the servicing employees were left who pumped water from the mine and controlled gas level. According…
DetailsIn 2016 Chelyabinsk Zinc Works, the largest Russian zinc and alloys manufacturer, a part of UMMC, produced 174803 tons of Special High Grade zinc and alloys, up by 2.2% YoY. Nova Zinc LLC in 2016 produced 36718 tons of zinc concentrate (36770 tons in 2015), and 5677 tons of lead concentrate (5655 tons). The Brock…
DetailsThe Federal Antimonopoly Service has allowed the Tominsky Mining and Processing Works (a part of the Russian Copper Company) to buy a 50% stake in Chelyabinsk Coal Company. In October 2016 the press-service of the Chelabinsk region governor reported RMK planned to acquire shares of ChUK to recultivate Korkinsky coal pit. RMK needed the deal…
DetailsYakutugol, a part of Mechel, has started operations at the open-pit coalmine at the Jebariki-Khaya site. In summer 2016 the company stopped using underground method of mining at the site. For open-pit mining Yakutugol bought all the necessary machinery: excavators, bulldozer, dump trucks, etc. The project capacity of the pit is 320 thousand tons of…
DetailsThe manufacturing company DIA has started making new products – oval-section pipes.
The flat half-ovals are in demand by furniture manufacturers.
The company specialists have developed the necessary rolling tools for the production of the new pipe. (Ukrainian metal)
Coal mining companies of DTEK, situated on the temporarily occupied territories of Donetsk and Lugansk regions, have suspended mining coal. “Komsomolets Donbassa mine, DTEK Sverdlovantrazit and DTEK Rovenkiantrazit have stopped mining coal”, the group press service reported. On February 13, the railroad connection through the demarcation zone was completely stopped, resulting in the coal mined…
DetailsUkrainian Prime Minister Volodymyr Groysman has said that the needs of the coal sector in mine rescue equipment are financed by 15-20%. “This is our tragedy that due to a lack of financing of many important spheres of life people are killed and suffer. Sufficient funds were not invested neither in coalmines, nor roads, hospitals,…
DetailsThe Seversk Pipe Works, a part of TMK, has put into operation the steel arc furnace waste-heat utilization machine. The machine is used to utilize the waste heat, emerging in the arc furnace during cooling. The new machine allows the works to put around 5 gKal of heat per hour to good use – supplying…
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