Metalloinvest has commissioned a new reduction and calibration section for Rolling Mill 350’s mid-size production line at Rolling Unit #2 at OEMK (part of the Metalloinvest). Investment in the project totalled more than 600 mn roubles. The modernisation will enable the Company to increase production of high-quality rolled steel by 67,000 tonnes per year. The…Details
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RUSAL (stock code at the Hong Kong Stock Exchange: 486, at the Moscow Exchange: RUAL), one of the world’s largest aluminium producers, and Tiocomposite signed a memorandum of intent to set test production of sulphur polymer concrete using alumina production waste in the Republic of Tatarstan, Russia. The details of the economic and organisational conditions…Details
BlueScope's plans to boost production at its United States mill shouldn't have any effect on the amount of Port Kembla-made steel exported to that country. During Monday's announcement of a $1.015 billion full-year profit, BlueScope CEO Mark Vassella announced plans to expand the capacity of its North Star steel mill in Ohio – on the…Details
In January-July Severniy Mining and Processing Works increased pellets manufacture by 1.3% YoY, to 5.251 million tons. Concentrate output grew by 7.7%, to 7.12 million tons. In July SevGOK produced 816 thousand tons of pellets and 1.042 million tons of concentrate. (Ukrainian metal)Details
International ratings agency Fitch has improved the Petropavlovsk Plc long-term rating to B- from CCC, with positive outlook. The improvement reflects the considerable strengthening of the company liquidity due to the refinancing of convertible bonds, paying of $57 million worth of loans by IRC Limited, etc. At the same time Fitch noted that financial and…Details
Chelyabinsk Iron and Steel Works is increasing rail and beam mill product range – the company has mastered the manufacture of a new channel for the construction industry. A trial batch of the 30P channel has been produced. The product quality corresponds to GOST 8240. The first batch of 20 tons has been shipped to…Details
Donskoy Antrazit, a part of Ukrainian DTEK, in 2018 received 709.3 million rubles of net debt as opposed to 453 million rubles of net profit in 2017. Revenue grew by 2%, to 2.1 billion rubles. Gross profit fell by 21.7%, to 475.4 million rubles, and sales profit by 27.3%, to 313 million rubles. EBITDA was…Details
In 2018 Obukhovskaya Mine Group, a part of Ukrainian DTEK, decreased net profit by 7.1% YoY, to 2.2 billion rubles. Revenue grew by 21.3%, to 13.7 billion rubles. Sales profit went up by 28.9%, to 4.1 billion rubles, while EBITDA dropped by 5.6%, to 2.8 billion rubles. The company accounts receivable increased from 1.3 billion…Details
ArcelorMittal Kriviy Rih will invest over 10 million UAH in the construction of a gas pipeline with the length of 3.8 km. After the construction the pipeline will be surrendered to the Krivorozhgas gas company free of charge to supply gas to over 35 thousand consumers in the Dolgintsevsky and parts of Metallurgichesky and Inguletsky…Details
In January-July Central Mining and Processing Works increased pellets output by 0.1% YoY, to 1.356 million tons. In 7 months iron ore manufacture grew by 3.2%, to 2.495 million tons. In July CGOK produced 214 thousand tons of pellets and 373 thousand tons of concentrate, up from 207 thousand tons and 353 thousand tons in…Details
Global trends on switch to low-carbon and “green” economy directly affect the volume of coal consumption in Kazakhstan, the Ministry of Industry and Infrastructure Development reported. “Notwithstanding this fact the coal industry goes on being one of the most important resource spheres of economy. The share of coal industry to country’s GDP amounts to 0.3%,…Details
Severniy Mining and Processing Works has provided 3.2 million UAH for the reconstruction of a square and a shopping mall in the Damansky micro-district in the city of Krivoy Rog. The square and the building, which houses a post office, a bank and shops, were constructed in early 1980s, but had not been repaired since.…Details
Beloretsk Iron and Steel Works has signed a major long-term agreement to supply wire to RZD Trading House, the RZD procurement division. The new agreement is valid till March 2022. Under the contract BMK will supply over 43 thousand tons of high-strength wire for the ferroconcrete sleepers reinforcing. The first batch has already been shipped.…Details