Izhstal has mastered the manufacture of round rolled metal with the diameter of 200 mm at the mill-450. The maximum diameter for the mill used to be 120 mm. In 2017 the mill was modernized and the product range increased to 130-150 mm and 170-180 mm. Such rolled metal is in demand in aviation and…Details
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Uralelectromed has finished assembling a machine to clean ladles of scrap in its Proizvodstvo polymetallov subsidiary. During one shift metal makers could clean 5 to 6 ladles with the machine. At present the winch is being assembled and the machine is being connected to the power grid. All the machinery will be assembled and ready…Details
Metalloinvest has opened a pre-export financing credit line with a number of Russian and international banks. The PFX-2019 amount is 300 million euro, and the maturity rate is 4.25 years. The agreement has been concluded under the strategy to manage loans. The funds will be used to improve the loan portfolio, in particular, to optimize…Details
In January-August Dneprospetsstal decreased steel output by 13.7% YoY, to 145.7 thousand tons. Rolled metal manufacture dropped by 9.9%, to 101.3 thousand tons. Output of products decreased by 13.1%, to 5.7 billion UAH. In August DSS increased steel output by 5.1% MoM, to 19.7 thousand tons, and rolled metal – by 1.6%, to 13.7 thousand…Details
The delegation of Asha Iron and Steel Works has visited Zlatoust Electrometallurgical Works. The goal of the visit was to strengthen existing cooperation. The visitors inspected the hammer shop and the rolling shop No. 1, as well as witnessed the manufacture of slabs with the height of 45 mm and width of 600 mm of…Details
The use of metal in the construction of housing is not that widespread in Russia. While in developed countries some 50-60% of blocks of flats are built using steel frame, in Russia the volume is just 13.5%. The potential for the use of steel structures is seen in the metal companies participating in national projects,…Details
Drazhnik LLC, operating at alluvial gold sites in Magadan region, has extracted 1312.2 kg of gold. As of September 12, the current season output plan has been 99% fulfilled. This year the company started operating earlier than usual – on March 25, even though usually the company starts operating in late April. The company is…Details
Uralelectromed under a project to construct a new sulfur acid shop has laid foundation, erected building frame and 3 tanks of 45 cubic meters each. The size of the warehouse will be 750 square meters. It will house 3 tanks to store sulfur acid and a pump unit consisting of 5 pumps. Two of them…Details
A fire broke out at 3,200 square meters of the cold-rolled metal products unit of steelmaker Novolipetsk Steel (NLMK)’s Yekaterinburg-based VIZ-Stal plant, 200 people have been evacuated, a representative of the region’s emergency services reported. “Combustion of hydraulic oil occurred on an area of 3,200 square meters. 200 people have been evacuated,” the person said.…Details
In January-August Zaporozhye Iron Ore Complex increase iron ore output by 4.6% YoY, to 3.09 million tons. In August the enterprise mined 393 thousand tons of ore. In 2018 ZZhRK increase iron ore output by 1.1% YoY, to 4.552 million tons with the iron content of 60.91%. 4.464 million tons were sent to the customers.…Details
Ratings agency ICRA said that the domestic steel consumption growth is expected to decelerate to around 5%-6% in FY2020 as compared to 7.9% in FY2019, on the back of an unprecedented slowdown in economic activity, as reflected by GDP growth tapering down to 5.0% in Q1 FY2020. Consequently, margin outlook for steelmakers has weakened in…Details
China steel futures slipped on Tuesday, retreating from a 1-1/2-month high hit in the previous session on high inventories of steel products and concerns about demand from the real estate market. China's new home prices grew at its slowest pace in nearly a year in August with developers seen cutting prices, stoking worries if the…Details
Base metals prices on the Shanghai Futures Exchange drifted lower during the morning trading session on Thursday September 19 after the US Federal Reserve cut interest rates on Wednesday but failed to give a clear indication of further cuts. The US central bank lowered its benchmark lending rate by 25 basis points to a range…Details