The Commercial Court of Kiev has ruled that Dneprovsky Iron and Steel Combine has to pay 2.469 billion UAH of fine and 233 million UAH of 3% interest to Metinvest under the contract on iron ore raw materials delivery dated December 29, 2010. Together with the debts of Alchevsk Iron and Steel Works, the debt…Details
The pipe-rolling shop No. 1 of the Seversk Pipe Works has completed another stage of the flow line No. 5 modernization The project was carried out without stopping the manufacturing process. The new SMS Group presses assembled in the ship will be tested in December 2017 – January 2018. “The project of flow line No.…Details
In 2018 coal output at the Sayano-Partizansky pit in Krasnoyarsk krai will increase by 30% YoY, to 1 million tons. According to Russian Coal, then output will reach 1.5 million tons and increase to 3 million tons per year. The pit is the only deposit of coal in Krasnoyarsk krai. 80% of coal mined there…Details
Karelsky Okatysh has put in operation the fourth EKG-20KM excavator.
The first two excavators have been operating at the Central and South quarries for over a year already.
The third excavator was put in operation in August. (Ukrainian metal)
NLMK-Kaluga has put into operation a steel-casting ladle with a new wall lining, which decreases refractory materials usage by 25%. The ladle transports liquid steel from the furnace. Earlier NLMK-Kaluga ladles have been lined with refractory bricks. The new technique uses liquid refractory concrete. “We intend to save some 29.1 million rubles a year with…Details
In early November Donetsk Iron and Steel Works, situated in the temporarily occupied region, stopped operating because of the lack of funds.
The money provided by the managing company Vneshtorgservice LLC was used to buy fuel, raw materials, machinery, etc.
In June the works was shut down because of the absence of fuel. (Ukrainian metal)
In January-October Ukraine imported 2.167 thousand tons of hot-briquetted iron, down by 95.2% YoY. According to the State Fiscal Service, imports decreased in monetary terms by 92.5%, to $580 thousand. Ukraine does not export or re-export HBI. The largest manufacturer of HBI in the CIS countries is Lebedinsky GOK (Russia). In 2016 because of the…Details
In January-September Nordgold yielded 716.8 thousand ounces (22.3 tons) of gold, up by 13% YoY. The prime cost in H1 increased by 7%, to $689 per ounce. Sales grew by 13%, to 716.3 thousand ounces, with the average price down by $6 YoY, to $1257 per ounce. The company revenue increased by 13%, to $900.5…Details
In October StalTrans sold 3.6 thousand tons of metal wares, up by 2.75% MoM, including 2.7 thousand tons of wire, up by 1.28%, and 0.7 thousand tons of nails, up by 1.26%. In January-October sales increased by 12.9% YoY, to 37.9 thousand tons. Wire sales grew by 14.7%, to 28.1 thousand tons, while nails by…Details
In January-September Severstal supplied some 414 thousand tons of rolled metal to Russian machine-builders, up by 15% YoY. The increase was the result of the growth of metal consumption in some industries, in particular in railroad, lifting and transport and agriculture machine-building. In 2017 Severstal expects steel demand in machine-building to grow by 12.5% YoY.…Details
In January-October Dneprospetsstal produced 140 thousand tons of rolled metal and 215.2 thousand tons of steel, up by 12% and by 9.5% YoY respectively.
In October the output totaled 23 thousand tons of steel and 14 thousand tons of rolled metal.
In 2016 Dneprospetsstal decreased output by 8.3% YoY, to 6.295 billion UAH. (Ukrainian metal)
The Federal Antimonopoly Service has opened a case against Kovdor Mining and Processing Works after Severstal’s report on the enterprise iron ore price increase in early 2017. The FAS has found out that Kovdor GOK is the only manufacturer in Russia of concentrate with 6% magnesium content. Its cost in January increased by 48% MoM…Details
The State Service of Geology and Subsoil has prolonged the special license to mine iron ore to Evraz Sukhaya Balka for 20 years, till November 7, 2037. The decision was taken on November 7. The granting of the license was the result of the Dniepropetrovsk district administrative court ruling, as well as the Supreme Administrative…Details
Severniy Mining and Processing Works has started the repairs of its Lurgi 552A pelletization machine in the pellets shop No. 2. According to the company statement, investments in the project total 95 million UAH. The repair work is expected to last for 45 days. The reconstruction will increase the machine lifecycle and allow it to…Details
In January-October Ukraine exported 385.76 thousand tons of scrap, up by 60.6% YoY, valued at $92.08 million, up 2.2-fold. According to the State Fiscal Service, in October scrap exports totaled 64.656 thousand tons, in September – 64.336 thousand tons, in August – 68.729 thousand tons, in July – 57.073 thousand tons, in June – 29.106…Details
In January-October Ukraine exported $6.92 billion worth of ferrous metals, up by 15.4% YoY. According to the State Fiscal Service, ferrous metals accounted for 19.66% of the total exports against 20.58% in 10 months of 2016. In October Ukraine earned $744.43 million from the exports of ferrous metals, up from $690.22 million in September. At…Details
In January-October Irkutsk region obtained 19818 kg of gold, down by 1.6% YoY, including 10303 kg of alluvial gold and 9515 kg of ore gold. The four gold extractors still account for the most output: Polyus Verninskoye produced 5243 kg, Lenzoloto obtained 4418 kg, Vysochaishiy – 3557 kg and Vitim – 2861 kg of gold.…Details
In October Zagorsky Pipe Works obtained a right to use the 4th system for large diameter pipe insulation. Gazprom VNIIGAZ LLC has allowed the works to use another system to insulate large diameter pipes. This system uses components of both local and foreign manufacture. In particular AzkoNobel, Borealis and the Metaclay polyethylene. At present this…Details
UC RUSAL will be supplying approximately 510 tons of aluminum to be used in the production of aluminum tram interiors. As part of the project, UC RUSAL will provide aluminum for a total of 300 tram interiors. This is the world’s largest contract to purchase trams for a single city. The field of urban transport…Details
In January-October Ukraine exported 1.83 million tons of pig iron valued at $572.039 million, down by 13.9%, but up by 26.8% YoY respectively. According to the State Fiscal Service, the main exports went to US (56.86%), Italy (23.99%) and Turkey (8.75%). At the same time Ukraine imported 1.779 thousand tons of pig iron valued at…Details
Energomashspetsstal has completed another order to produce a hammer frame for LASCO Umformtechnic GmbH.
According to the company statement, the billet weighing 61 tons was shipped to the customer in October.
The casting is a part of the press-forging equipment.
So far this is the 15ths hammer frame produced by EMSS for LASCO. (Ukrainian metal)
NLMK Group CEO Oleg Bagrin, Head of Lipetsk region Administration Oleg Korolev, and Head of Lipetsk Sergey Ivanov were the guests of honor at the Time Capsule Ceremony held on November 7 at the site of the future NLMK Corporate University. This ceremony held on NLMK’s anniversary (83 years) marked the symbolic start to construction…Details
Silver and gold company Polymetal International is considering building a plant to refine refractory gold ore in the city of Sovetskaya Gavan in Russia’s Far East, according to a statement published by the regional government on November 7. “The Sovetskaya Gavan’s site has all the necessary infrastructure and suits the new facility perfectly: there is…Details
The board of directors of the gold-mining company Nordgold, controlled by Russian tycoon Alexei Mordashov, has approved paying $0.0318 per share, or a total of $10.8 million, in dividends for July-September, the company said in a statement on November 7. The record date for the dividends is November 10, and the payment will be done…Details