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Having replaced its investor Stavstal Iron and Steel Works has increased its output 2-fold and completely switched to manufacturing products for exports. “With the new investor the company is feeling and doing fine”, the Stavropol region governor Vladimir Vladimirov declared. Several years after the launch the company faced serious financial problems. The police is now…
DetailsMikhailovsky Mining and Processing Works is now mastering the operation of the Armada plasma cutting machine. The machinery has been purchased under the Metalloinvest investment program. Now the manufacture of billets for BelAZs, crushers and conveyers of sheet metal will be easier and quicker. The new plasma cutting machine allows processing rolled metal with the…
DetailsThe ChTPZ group has supplied a batch of pipes for the construction of a system of gas and water pipelines of Amur thermal power plant. The pipes were produced at Chelyabinsk Pipe-Rolling Works and Pervouralsky Pipe Works. The batch had 2500 tons of seamless and welded pipes. The pipes with the diameter of 108 to…
DetailsPJSC Magnitogorsk Iron and Steel Works announces that registration for its Capital Markets Day in London is now open. The event will begin at 9:00 am London time (12:00 pm Moscow time) on November 15. At the Capital Markets Day, Chairman of the Board of Directors of MMK, Viсtor Rashnikov, Independent member of the Board…
DetailsNLMK Group announces that following the annual RobecoSam Corporate Sustainability Assessment, NLMK’s overall ESG score has improved from 22 to 33. As a result, NLMK’s individual scores of the economic and social dimensions exceeded the industry average. RobecoSam conducts annual Corporate Sustainability Assessment (the SAM CSA) the results of which serve as the basis for…
DetailsAzovstal has finished repairing the air-heating machine at the blast furnace No. 2. The repair lasted for 90 days and would help considerably decrease air pollution. Metinvest spent 9.8 million UAH to repair the air heater. (Ukrainian metal)
DetailsAs of September, debts to state miners have reached 900 million UAH. According to the chairman of the Confederation of Independent Unions and the Independent Miners’ Union Mikhail Volynets, in October the debt will grow to 1.3 billion UAH. “And the trend of the debt growth will persist. The miners will be forced to strike”,…
DetailsIn July Russia imported 45.3 thousand tons of flat galvanized rolled metal, down by 42% YoY and by 32% MoM. In 7 months imports dropped by 8%, to 384.2 thousand tons. China accounted for 31.5% of deliveries, up by 50%. The average sale price was $730 per ton without VAT. It is followed by Kazakhstan…
DetailsIn January-June over 430 employees resigned from Centrougol coal enterprise, which included 5 mines. The enterprise is managed by authorities of the Lugansk People’s Republic, the terrorist organization created and supported by Russia. The reason of the employee flow is the chronic wage debts. So far the debts reach 1.5 million rubles. (Ukrainian metal)
DetailsIn January-August Zaporozhye Ferro Alloys Plant increased output by 9.1% YoY, to 177.66 thousand tons. In particular, the company produced 95.77 thousand tons of silicomanganese, up by 18%, 52.18 thousand tons of ferrosilicon, up by 2.7%, and 25.13 thousand tons of ferromanganese, down by 2.5%. Metallic manganese manufacture decreased by 10.2%, to 4.58 thousand tons.…
DetailsIn January-August Nikopol Ferroalloy Plant decreased output by 4.4% YoY, to 510.03 thousand tons. In particular, silicomanganese manufacture dropped by 6.3%, to 468.52 thousand tons, but that of ferromanganese grew by 14.4%, to 29.71 thousand tons. The company has also increased the production of other ferroalloys – by 57.5%, to 11.8 thousand tons. (Ukrainian metal)
DetailsPolyus Aldan has extracted 5 tons of gold. This year the milestone was reached on September 20, a month earlier than in 2018. The output increased by 14% YoY. (Ukrainian metal)
DetailsIn January-June Trans-Siberian Gold Plc, developing the Asachinskoye gold deposit in Kamchatka, increased its revenue by 8.7% YoY, to $30 million. Gold sales grew by 7.8%, to 22.1 thousand ounces and silver – by 125%, to 69.3 thousand ounces. Capital investments dropped 2.4-fold, to $3.9 million. Profit increased 2.3-fold, to $6.1 million. As of June…
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