NLMK-Metiz has shipped to a client a trial batch of fasteners with the volume of 3.5 tons. The metal wares were ordered via the company e-store. Screws with dummy blocks, self-tapping screws for gypsum cardboard and wood, widely used in construction and furniture manufacture, have been shipped to the PromTechKom company. All the metal wares…Details
Mechel has concluded an agreement with BelAZ on the delivery of 15 quarry dump trucks with the combined cost of 2 billion rubles. The new machines with the lifting capacity of 130 to 220 tons will arrive at Mechel enterprises in Kemerovo and Irkutsk regions: 11 BelAZs will be operating at the Yuzhniy Kuzbass pits,…Details
Magnitogorsk Iron and Steel Works (MMK) has opened a bidding book for $500-million 5-year Eurobonds with a yield guidance of 4.75% annually, a banking source reported.
The company has been holding meetings with investors in Moscow, European and U.S. cities since May 30.
Citi, J.P. Morgan and Societe Generale are the organizers. (Prime/Ukrainian metal)
In 2018, Ferrexpo invested over 3.5 billion UAH (more than $139 million) in the development of Poltava, Yeristovo and Belanovsky Mining and Processing Works. In particular, PGOK received 2.414 billion UAH ($90 million), and EGOK and BGOK – 1.073 billion UAH ($40 million). PGOK spent the funds mostly to maintain its operation (806 million UAH),…Details
The Ministry of industry and trade has prepared suggestions on quoting steel scrap exports by regions. “We are reviewing various mechanics to satisfy scrap demand in the country. We have prepared suggestions on quoting the export of scrap”, the deputy minister Victor Yevtukhov said. Various quote indexes are provided for different districts and regions. “Where…Details
Azovstal Iron and Steel Works has started shutting down its blast furnace No. 5. The furnace will be shut down for good. When it is fully cooled down, it will be disassembled. With the decommissioning of the blast furnace No. 5, air pollution will decrease, thus lowering the environment impact in the city of Mariupol.…Details
The key priority of MMK’s environmental policy is the implementation of measures included in the Clean Air program, which is part of “Ecology”, the national environmental project. By 2025, MMK aims to have reduced air emissions by 26,300 tons per year, which together with urban environmental activities will allow for a 20% reduction in total…Details
Severniy Mining and Processing Works is carrying out a scheduled replacement of scrubbers, equipment to purify gases. The project is carried out under the Krivoy Rog city environment program. Investments in the modernization of the machinery will reach 30 million UAH. New equipment will be installed in the pellets shop No. 1. A total of…Details
In January-March, average salary growth in metal industry was 23.9%, to 12.45 thousand UAH. At the same time the growth in industry was 25.8%, to 10.88 thousand UAH. According to the State Statistics Service, the salary fund in metal industry in Q1 was 7.32 billion UAH. Average salary for one working hour was 87 UAH,…Details
Severstal Steel Decisions is finishing producing metal structures for the construction of an aviation hangar in the Republic of Nicaragua. The hangar will be constructed in Managua. This region of the Central America has the highest seismic activity and strong winds due to its proximity to the Pacific Ocean. The company is constructing a frame…Details
Since the start of the year Gaysky Mining and Processing Works has received 15 units of mining machinery. In particular, two Boomer S1D headers have started operating at the mine. The open pit received eight 55-ton BelAZs and a Caterpillar loader. In early June the enterprise awaits the arrival of CAT-R1700G mine loaders with the…Details
Chelyabinsk Iron and Steel Works rail products are used in the reconstruction of the Moscow subway. Under the contract, ChMK has supplied 2 thousand tons of R50 and R65 rails to the Moscow tube. Until 2020 some 265 km of rails will be replaced. This is the third order from Moscow subway to ChMK. (Ukrainian…Details
Azovstal will shut down its two blast furnaces: BF No. 5 will be put out of operation, while BF No. 6 will be capitally repaired. The burden of pig iron production will fall on the modernized BF No. 3 to be commissioned soon. The capital repair of the BF No. 6 will improve its efficiency…Details
In January-May, Solntsevsky Coal Pit LLC mined 3.135 million tons of coal. 1.457 million tons were exported to the Asian-Pacific Region. This year the enterprise intends to mine and export 10 million tons of coal. So far, the output target has been 31% met, and export target – 15%. Last year the company mined 7.5…Details
According to the agreement on the shut down of the machinery, on May 31, Electrozinc cancelled labor agreements with 1128 employees.
In particular, 271 people resigned due to retirement, while 82 left they job upon the agreement between the parties.
All the employees received compensations. (Ukrainian metal)
In late May – early June, Ukrzaliznytsia (Ukrainian Railways) announced new auctions to sell scrap. In particular, at the Prozorro system the enterprise will sell 8 lots of scrap with the combined volume of 20.2 tons. Three lost were put up for auction on May 31 (one of them repeatedly). The auctions will be held…Details
Since the start of the year Druza LLC has produced 362.5 kg of gold, up by 4% YoY. Last year the output was 349.1 kg of gold in 5 months. The company is operating at one licensed site – the Nevskoye gold ore deposit in Irkutsk region. This year Druza intends to produce 945 kg…Details
In 2019 Lysva Iron and Steel Works intends to produce 300 thousand tons of metal, up by 20% YoY. Since the company entered the MMK group, the output has increased more than 2-fold. While in 2017 LMZ produced 110.1 thousand tons of metal, last year the output totaled 248.5 thousand tons. This year the output…Details
In May, according to RZD, railroad throughput totaled 106.3 million tons, down by 3.8% YoY. In 5 months throughput dropped by 0.7%, to 532.1 million tons. Of metal cargo 32.2 million tons accounted for ferrous metals, down by 2.5%. Ferrous scrap transportation grew by 4.7%, to 5.6 million tons. Iron and manganese ore transportation increased…Details
In March the state-owned Vnesheconombank made an additional contribution to the Sibuglemet statutory capital in the volume of 84 billion rubles. The VEB share in the capital has not changed, it is still 100%. VEB intends to sell the company, which is now managed by Evraz. Sibuglemet is one of the largest coking coal miners…Details
Magnitogorsk Iron and Steel Works (MMK) confirmed its status as the largest supplier in Russia of rolled metal for the production of pipes. At the end of 2018, the company shipped 3.3 million tons of hot-rolled steel to the Russian market, of which more than a half was delivered to companies in the pipe industry.…Details
In May, Ukraine decreased steel output by 4.7% MoM, to 1.89 million tons. Pig iron manufacture dropped by 9.3%, to 1.698 million tons, while that of rolled metal grew by 4.3%, to 1.71 million tons. In 5 months Ukraine produced 8.74 million tons of pig iron, 9.33 million tons of steel and 7.89 million tons…Details
In May, Zaporizhstal increased steel output by 6.8%, to 342 thousand tons. Pig iron manufacture grew by 7.7%, to 335.1 thousand tons, while that of rolled metal dropped by 5.1%, to 292 thousand tons. In 5 months Zaporizhstal produced 1.711 million tons of steel, 1.832 million tons of pig iron and 1.46 million tons of…Details
Prices of gold, silver and platinum increased in Azerbaijan on June 4 compared to the prices on June 3. The price of gold grew by 17.8755 manats, to 2,249.253 manats per ounce. The price of silver went up by 0.167 manats, to 25.0631 manats per ounce. The price of platinum increased by 30.9825 manats, to…Details