Magnitogorsk Iron and Steel Works (MMK) has commissioned sinter plant No. 5, the only one of its kind in Russia. The facility has a capacity of up to 5.5 million tons of sinter per year. MMK’s new sinter plant is equipped with state-of-the-art equipment, allowing it to obtain high-quality sinter, and it operates using the…Details
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NLMK Lipetsk, the group’s flagship production site, has begun construction and installation works on the complete overhaul of Continuous Casting Machine (CCM) No. 9, which is a milestone project in NLMK Group’s Strategy 2022. The launch of the new CCM No. 9 will conclude the blast furnace and steelmaking operations development program, aimed at boosting…Details
The net profit of the Russian steelmaker Severstal fell by 11.3% YoY, to $903 million in January-June, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement. Revenue shrank by 5.1%, to $4.208 billion in the period, earnings before interest, taxes, depreciation and amortization (EBITDA) decreased by 10.4%, to $1.416 billion.…Details
Russian steelmaker Magnitogorsk Iron and Steel Works (MMK) reduced its steel output by 0.5% QoQ, to 3.091 million tons in April-June, while cast iron production rose by 2.3%, to 2.452 million tons, the company said in a statement. In January-June it raised its steel production by 0.4% YoY, to 6.198 million tons. Cast iron production…Details
France’s Air Liquide has started construction of a 130-million euro industrial gases plant that would supply oxygen, nitrogen, and argon to a plant of U.K.-based mining giant Evraz, which operates mainly in Russia, in the Kemerovo region. The plant will comprise two air separation units, and will be launched in 2021. It should raise power…Details
In January-June Ukraine manufactured 5.189 million tons of metallurgical coke, down by 3.3% YoY. In particular, in June plants produced 769 thousand tons of coke and in May – 917 thousand tons. The decrease in manufacture is due to the drop of coking coal supplies from Russia. Moreover, some metal works shut down their capacities…Details
Some 2 thousand tons of liquid pig iron has been spilt at the Azovstal Iron and Steel Works. A hole has been burned down in the mixer No. 1 of the converter shop. There were no injured. (Ukrainian metal)Details
In May Russia exported 257 thousand tons of raw aluminum, down by 34% MoM and by 25.4% YoY. In January-May exports decreased by 29% YoY, to 1.5 million tons. In monetary terms since the start of the year the exports have dropped by 23.6%. Export prices in May fell by 5.7% MoM, to $1.7 per…Details
Zoloto Timptona LLC, developing alluvial gold sites in the Republic of Sakha (Yakutia), intends this season to obtain 60 kg of the precious metal. The Utanakh and Berezoviy brooks will yield 35 kg of gold. This year the company will also start developing deposits at the Troitskiy and Innokentievskiy sites. Zoloto Timptona is developing the…Details
As of July 1 Retkon has extracted 173.5 kg of alluvial gold in the Irkutsk region, down by 25% YoY. This year the company intends to extract some 550 kg of gold. Thus, so far the output plan has been 32% fulfilled. Last year the company extracted 600 kg of alluvial gold. Retkon owns 15…Details
Yakovlevsky Mining and Processing Works has mined 10-millionth ton of iron ore. The enterprises management believes that in the medium-term it will be able to mine 10 million tons a year. In particular, the development strategy presupposes the increase in mining 5-fold, to 5 million tons per year in 2017-2023. 20 billion rubles will be…Details
In April-June Beloretsk Iron and Steel Works increased sales QoQ. In particular, sales of welding wire used in the manufacture of electrodes, and steel shaped sections for car fasteners grew 2- and 1.7-fold respectively. The sales of rebar mesh and nails went up by 47% and by 35%. The company has also increased the sales…Details