By the end of 2017, Bystrinsky GOK will have received over 30 new units of modern mining and auxiliary equipment. Overall, the initiative will see around RUB 4 billion in funding from Nornickel. In August, Bystrinsky GOK added four BELAZ mining trucks to its fleet, with another six to be delivered by the end of…
DetailsPJSC ArcelorMittal Kriviy Rih at ArcelorMittal Academy hosted the scheduled round table devoted to fulfillment of steelmaking environment commitments and improvement of environment situation in Kriviy Rih. Among participants of the round table were representatives of local NGOs, environment activists, PJSC ArcelorMittal Kriviy Rih administration, Trade union, Kriviy Rih Executive Committee of the City Council,…
DetailsA sudden methane release occurred at about 4 am on August 30 in Shakhtinsk, Karaganda region, at one of the Arcelor Mittal Temirtau mines, the MIA Emergency Situations Committee spokesperson, Ruslan Imankulov reported. According to preliminary data, 136 people were in the mine at the time of the accident. It is reported that three miners…
DetailsThe Belarus Iron and Steel Works has produced 1 million tons of hot-rolled seamless pipes, the company’s spokesman Alexander Olesik reported. The milestone was reached by brigade No. 1 of the plant’s pipe manufacturing facility on August 30. These pipes are intended for the oil and gas industry and will be delivered to a U.S.…
DetailsIn H1 2017 Mariupol-based metal companies again entered the TOP-100 largest taxpayers. In January-June the largest taxpayers paid 176 billion UAH of taxes, up by 21% YoY. Mariupol Ilyich Iron and Steel Works occupies the 68th position, having paid 286 million UAH, up by 5% YoY. Azovstal is on the 70th place with 279 million…
DetailsThe state enterprise of waterways “Ukrvodput” has ordered steel ropes valued at over 1.16 million UAH from the private joint stock company Stalkanat Silur.
Stalkanat Silur was created in October 2003.
The company started participating in the state purchases in March 2009. (Ukrainian metal)
On August 28 the militants of the terrorist organization DPR (Donetsk People’s Republic, created and supported by Russia) for the first time in 3 years made an industrial explosion of rock in the quarry of the “nationalized” Dokuchaevsk Flux-Dolomite Complex. According to the so-called Ministry of industry and trade of the DPR, the enterprise has…
DetailsOn September 14 the trading house Attika will hold an auction to sell the assets of Armavir Electrometallurgical Works LLC. AEMZ was declared insolvent in August 2016. The registry includes claims for 2.5 billion rubles, including 8 million rubles of tax debts. AEMZ assets are evaluated at 276 million rubles, and this will be the…
DetailsEvraz NTMK is continuing construction of a ball-rolling mill. The rail-beam shop has started assembling the main equipment. A furnace to heat billets before rolling, a rolling mill, a thermal treatment site and a shipping site will be prepared and assembled. The length of the line will be 300 meters. The new manufacture will create…
DetailsNLMK Group has embarked on the construction of a briquetting plant at its Lipetsk production site, a new production of steelmaking briquettes with a capacity of 700,000 tons per year. The project will create about 200 new jobs, and will enable NLMK to source raw materials for blast furnaces from blast furnace (BF) waste, cut…
DetailsThe Cabinet of Ministers is underestimating the roll of metal industry in the national economy, the chairman of the Metal Makers Federation of Ukraine Sergey Belenky believes. According to him the Prime Minister of Ukraine Vladimir Groysman presented priorities in lawmaking for the autumn – some 50 governmental bills, which, when approved by the Verkhovnaya…
DetailsThe construction of the bridge over the Kerch Strait will have negative consequences for Ukrainian metallurgy. Earlier the Russian authorities claimed that the project would not affect the free sailing in the Black and Azov Seas, nor the throughput of Ukrainian Azov ports – Mariupol and Berdyansk. “But the reality is different. Moscow has imposed…
DetailsIn June Metinvest increased its corrected EBITDA by 23.5% YoY, to $147 million, but still it was 4.5% below the May level. According to the group statement, its income in June increased by 28.8% YoY, to $720 million, but fell by 2.3% MoM. In May Metinvest EBITDA grew by 13.24% MoM, to $154 million. In…
DetailsIn January-July Magadan region mined 142.7 thousand tons of coal, down by 33.6% YoY. This year only 2 companies in the region mine for coal: Kolyma Coal Company and Association of business development. Severo-Vostochnaya Coal Company does not mine for coal this year, as it mined enough last year. In 7 months Kolyma Coal Company…
DetailsIn January-June the consolidated earnings of Chelyabinsk Zinc Works reached 18.09 billion rubles, up by 44% YoY. EBITDA totaled 4.356 billion rubles, or 24% of the earnings. Net profit in H1 was 2.975 billion rubles against 1.855 billion rubles in H1 2016. Chelyabinsk Zinc Works is the largest metallic zinc and alloys manufacturer in Russia.…
DetailsKarabashmed is studying the possibility of optimizing techniques to obtain copper concentrate from metal manufacture slag. The Ural Federal University specialists are involved. At present the Karabashmed processing factory produces copper concentrate of the slag mix originating from Ausmelt furnace copper smelting, and converter shop. The scientists will review three types of processing: Ausmelt slags,…
DetailsIn July, according to the State Fiscal Service, Ukraine exported 3384 thousand tons of iron ore raw materials, down by 198 thousand tons, or by 5.5% MoM. In January-July Ukraine exported 22.7 million tons of iron ore raw materials, down by 1.2 million tons YoY. Deliveries to Slovakia increased the most – by 637 thousand…
DetailsUkzaliznytsia can still improve its financial efficiency, Zaporizhstal CEO Rostislav Shurma believes, commenting on the renewed financial plan of the company for 2017. “Instead of the expected increase in efficiency, fight with corruption and as the result the optimization of expenses, I saw the growth of expenses by 10 billion UAH. And to cover them…
DetailsMoody’s has increased the ratings of Ferrexpo plc, controlling Poltava and Yeristovo Mining and Processing Works, and Metinvest from Caa2 to Caa1. The PDR has been increased from Caa2-PD to Caa1-PD. At the same time Metinvest rating on the national scale (NSR) has been increased from B1.ua to Baa3.ua, while of Ferrexpo bonds from Caa2…
DetailsRussian hydropower giant RusHydro may pay only $88 million in cash in installments for a 50% stake in the Taishet Aluminum Smelter with the rest of the sum to be paid with 42.75% in Irkutsk Power Grid Company and future dividends from the plant. Construction of the smelter with a projected annual production capacity of…
DetailsGold remains the most widely discussed metal due to its prominent role in both the investment and consumer world. Although it is no longer a primary form of currency in developed nations, it continues to have a strong impact on the value of those currencies. Moreover, there is a strong correlation between its value and…
DetailsUralelectromed has begun the second stage of assembling two KUNZ cranes in the copper electrolyses shop being constructed. At the first stage crane beams have been assembled, as well as crane movement mechanisms and auxiliary winches with the lifting capacity of 10 tons. The cranes will be used in constructing and operation of 448 electrolysis…
DetailsOn August 31, the Federal Antimonopoly Service will review the development of competitiveness on the market of graphitized electrodes. A special commission has been created in view of the current situation, connected with the sharp increase of prices for graphitized electrodes in 2017. The event will discuss a number of factors influencing the price formation,…
DetailsThe blast furnace No. 5 Severyanka of Cherepovets Iron and Steel Works has produced the 120-millionth ton of pig iron. The BF was first blown in on April 12, 1986, and the first pig iron was produced on April 13. For the next 20 years Severyanka has been the largest furnace in the world and…
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