In January Zaporizhstal increased steel output by 11.3% YoY, to 363 thousand tons. According to the company statement, pig iron manufacture grew by 37%, to 394.1 thousand tons, and that of rolled metal – by 11.7%, to 301.9 thousand tons. The company notes that the increase in output is due to the commissioning of the…
DetailsOn January 29 Moody’s rating agency upgraded the MMK Issuer Rating to “Baa3” from “Ba1” with positive outlook. Andrey Eremin, MMK’s Director for Economics, commented: “We at MMK are satisfied with the increased issuer rating. This is a proof that MMK has correctly formulated its strategic development priorities and introduced quite efficient tools to implement…
DetailsMetinvest B.V., the parent company of a vertically integrated group of steel and mining companies (jointly referred to as “Metinvest” or “the group”), announced its operational results for the fourth quarter and 12 months of 2017. In Q4 2017 Metinvest’s hot metal output increased by 6% QoQ, 2,154 thousand tons, driven mainly by a rise…
DetailsAutoKrAZ has supplied a batch of KrAZ-65055 (6×4) dump trucks with the lifting capacity of 16 tons to the Severniy Mining and Processing Works. The dump trucks have been delivered under the agreement concluded in December 2017. There were 4 dump trucks in the batch. This year Metinvest intends to acquire more KrAZ dump trucks…
DetailsMoody’s has improved the long-term rating of Severstal from Ba1 to Baa3, and the outlook from stable to positive following the revision of the Russia rating. “We welcome the decision of Moody’s to review the Russia’s rating and improve that of Severstal. That the economic situation in the country is improving is seen by the…
DetailsChTPZ was the first in Russia to develop cold-deformed pipes for internal combustion engines. The manufacture has been started at Pervouralsky Pipe Works. The pipes with the outer diameter of 8 mm and inner diameter of 3 mm made of high-quality low-alloyed steel will be used in diesel engines of the Common Rail type. The…
DetailsIn 2017 Metalloinvest increased steel production by 2.1% YoY, to 4.8 million tons. According to the company statement, pig iron output dropped by 9.3%, to 2.7 million tons. Hot-briquetted iron manufacture grew by 22.6%, to 7 million tons, while that of pellets dropped by 0.4%, to 25.1 million tons, and ore – by 1%, to…
DetailsIn 2017 Metinvest Group decreased iron ore raw materials output. In particular, iron ore concentrate production dropped by 7% YoY, to 27.464 million tons. Iron ore pellets manufacture fell also by 7%, to 5.742 million tons, mostly because the group ceased deliveries to customers situated on the Ukraine-uncontrolled territory. Coal concentrate output decreased by 15%,…
DetailsRussian aluminum producer UC RUSAL has settled a dispute over the Alscon plant with Nigeria, Bloomberg reported late on January 31, citing Nigeria’s Steel and Mining Minister Kayode Fayemi. Nigeria will have a 20% stake in the plant and RUSAL will have 80%. The share of RUSAL in the operating company is 85%, according to…
DetailsA 25-year-old man died in a collapsed mine in Kara-Tyt village, Aksy district of Jalal-Abad region, the Ministry of Emergency Situations reported. According to it, the resident of a village located near the pit illegally mined coal when it collapsed. Rescuers of the ministry took out the body and handed it over to relatives. (24.kg/Ukrainian…
DetailsThe state enterprise Selidovugol received 847 self-rescuers out of 2 thousand pieces that it needed. “Selidovugol needs 2 thousand self-rescuers. It has received the first batch of 847 pieces. The enterprise is waiting for the second batch”, the chairman of the Independent Miners Union of Ukraine Mikhail Volynets wrote on his Facebook page. Last summer…
DetailsThe special commission on environment issues of the city of Kamenskoye has visited Dneprovsky Iron and Steel Combine and checked the measures to decrease pollution. The commission was created last autumn after numerous complaints of citizens on the worsening of the ecological situation, including considerable volumes of pollution from the combine after it resumed operation.…
DetailsThis year Primorsky Mining and Processing Works intends to keep concentrate output on the previous year level, or 2700 tons of tungsten and 1600 tons of copper concentrate. The GOK is developing the Vostok-2 deposits. As of 2017 their reserves were enough for 4-5 years. But the terms of development could decrease because of the…
DetailsIn 2018 Russkiy Ugol intends to increase coal output at the Sayano-Partizansky pit in Krasnoyarsk region by 20% YoY. For the first time in 27 years the pit will yield 1 million tons of coal. Last year the output totaled 842 thousand tons of coal, up by 7% YoY and by 4% from the plan.…
DetailsPresident of Uzbekistan Shavkat Mirziyoyev has approved the construction of a new mining and processing complex at the Tebinbulak deposits. The complex will have been constructed by 2024. The total cost of the construction is estimated at $1.5 billion, with a part to be represented by a loan from Chinese banks. The Tebinbulak titanium-magnetite ore…
DetailsIn late 2017 Rechitsa Metal Wares Works put in operation a new site of the fasteners shop.
The following Taiwan mills have been assembled there: JBF-10В-3S and JTR-6H; JBF-13В-3SL and JTR-8H; JBF-13В-4S and JTR-8H; JBF-17В-4S and JTR-10H.
The commissioning of the new site will increase fasteners output. (Ukrainian metal)
The MetalTrade Group of Companies (Chelyabinsk) notes the price increase on the metal market. Thus, major pipe manufacturers have announced the growth of price by 2 thousand rubles per ton on average, Bar manufacturers decided to decreased sales to domestic market to continue increasing prices in February and March. Flat cold-rolled metal is expected to…
DetailsThe Sredneuralsky Copper-Smelting Works has started demolishing the main premises of the double superphosphate shop. The shop was put out of operation in February 2009. The size of the premises is 17 thousand square meters, it consists of 5 buildings, being demolished one after another. The demolition of the main premises started in summer of…
DetailsMarcegaglia Russia strengthened its positions on the market of welded stainless steel pipes, having considerably increased output and sales in 2017.
According to the company statement, last year output grew by 42.5% YoY, to 13606 tons.
The company revenue showed a stable increase of 30.8%, to 34 million euros. (Ukrainian metal)
The minister of energy and coal industry Igor Nasalik promised, that in 2017 the state enterprise Lvivugol would receive 350 million UAH of loan funds under state guarantees for modernization. The promise was made on September 21, 2017. “Lvivugol provides for 50% of daily supplies for the power industry, so the issue of development is…
DetailsIn 2017 Cherepovets Iron and Steel Works increased electricity production by 1.15%, to 4441.703 million kW-h. This is the highest volume in the company history. “The increase of output allowed CherMK to increase the share of its own electricity in the total consumption to 78.3%, up by 0.5% YoY”, Severstal Russian Steel CEO Vadim Germanov…
DetailsIn January-November 2017 Russia increased exports of rebars to Poland 9-fold YoY, to 60 thousand tons. The main exporter in the given period was NLMK-Kaluga (95% of the total exports). Evraz ZSMK supplied some 2 thousand tons. In November 2017 the average price for NLMK-Kaluga rebars was $545 per ton, and that of Evraz ZSMK…
DetailsThe state enterprise Selidovugol has concluded an agreement with Trading and Industrial enterprise Arista LLC on the delivery of 6 tons of chemical lime absorbent valued at 854 thousand UAH. The manufacturer of the product is the Russian Khimpoglotitel LLC, with Arista being its official dealer. The cost of 1 ton according to the agreement…
DetailsThe United Mining and Chemical Company, owner of Volnogorsk Mining and Processing Works and Irshansk Mining and Processing Works, in 2017 increased ilmenite output by 18.7% YoY, to 392.2 thousand tons. In particular, IrGOK produced 224.4 thousand tons of ilmenite concentrate, the best result for the past three years. At the same time, Volnogorsk GOK…
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