Severstal and Russian subsidiaries of Mefro Wheels GmbH have agreed on rolled metal deliveries in H2. In particular, Cherepovets Iron and Steel Works will supply hot-rolled sheets and strips. Mefro Wheels will make wheel disks from them for Russian and foreign car brands. Last year both sites of Mefro Wheels in Russia received 30 thousand…
DetailsThe terrorist organization Donetsk People’s Republic, created and supported by Russia, is engaged in preparing Metinvest and Donetskstal companies for operation. Control over the companies on the territory of the Antiterrorist operation was lost on March 15. According to a source, the management of the companies has been given to Sergey Kurchenko, an ally of…
DetailsPetr Poroshenko has signed a decree to impose a moratorium on the bankruptcy of state mines until January 1, 2019. The decree prohibits accounts arrests and the procedure of bankruptcy unless by the order of the Ministry of energy and coal industry. Accounts arrests result in non-payment of salary to state miners, moreover coal companies…
DetailsChelyabinsk Iron and Steel Works has finished the planned repair of converter No. 3 and the continuous casting machine No. 5. According to the company statement, the repairs cost 64 million rubles. The converter capacity is 1.2 million tons of steel per year, and of CCM – 1 million tons. The oxygen-converter shop includes 3…
DetailsIn May Ukrzaliznytsia foiled delivery terms of iron ore to the Berdyansk sea trade port for short sea traffic to Azovstal Iron and Steel Works. “As Ukrzaliznytsia failed to provide 23 cargo trains per day through Kamysh-Zarya route, we had to look for alternative sources of raw materials supplies. Each of them considerably increases delivery…
DetailsThe Kirovograd regional administration on May 19, refused to allow the Vostochniy Mining and Processing Works start mining operation within the territory of housing construction. The decision has been taken at the request of the Kropivnitsky mayor Andrey Raikovich. He was against allowing the company to work there, as it did not fulfill its social…
DetailsOn the annual meeting on May 19, the shareholders of Nikopol South Pipe Works decided to wind-up the company. The issue has been suggested by a shareholder owning over 5% of shares. In February 2007 Interpipe purchased 96.6% of NPTZ for 352.614 million UAH. As of Q1 2016, 96.6% belonged to the Transportno-investitsionnye tekhnologii. Later…
DetailsA couple of days ago Donetsk Iron and Steel Works, which was on the list of enterprises, “nationalized” by the terrorist organization Donetsk People’s Republic, created and supported by Russia, resumed operation under new managers. The blast furnace No. 1 produced the first batch of pig iron. This is the first output since the “nationalization”.…
DetailsThe Aluminum Castings Works in Barnaul has so far been able to sell only 138.7 million rubles worth of assets. The auction scheduled for May 21 did not take place because of the lack of participants. Now the works is on sale even cheaper – at 76.5 million rubles, according to Avito.ru. In March the…
DetailsIn January-April coal companies of Chukotka Autonomous District mined 199.425 thousand tons of coal, up 2-fold YoY. At present two companies mine coal in the region – Ugolnaya Mine and Beringpromugol of Tigers Realm Coal Limited. Ugolnaya mine has supplied 77.925 thousand tons of coal from Anadyr deposits, down by 17% YoY. Beringpromugol, which started…
DetailsAccording to Kraft group marketing department director Katerina Makeyeva, the stagnation on the rebars market will most likely persist for a month. The attempts to decrease prices by some trading houses are situational. Manufacturing works will not listen to traders and go on decreasing prices. Price fluctuations on market decrease are in the range of…
DetailsNordgold net profits in January-March dropped by 3% YoY, to $39.8 million. According to the company statement, earnings grew by 17%, to $293 million. EBITDA increased by 10%, to $131 million. The company consolidated debt at the end of Q1 decreased by 3%, to $927.9 million, with net debt up by 15%, to $677.7 million.…
DetailsNLMK Group, an international steel company with facilities in Russia, the USA, and the EU, has signed a five-year contract for the supply of raw materials to the production facilities of EUROCEMENT group, Russia’s leading manufacturer of construction materials. The contract, which runs until the end of 2022, covers an annual supply of up to…
DetailsWithin the strategic cooperation with Transneft, Chelyabinsk Pipe-Rolling Works has modernized its machinery of large diameter pipe quality control. The investments totaled 244 million rubles. “Transneft is one of the key customers of ChTPZ. Taking into account their demands we have decided to modernize the machinery. The project has been carried out without stopping the…
DetailsTrubodetal (Chelyabinsk, a part of OMK) has successfully passed the American Petroleum Institute audit. The auditors checked the quality management system according to API Specification Q1, edition 9, and ISO 9001:2008. “Now all our customers working in oil and gas transportation demand international certificates, so each audit is important for us. This is always a…
DetailsFor the first time TMK-INOX produced a batch of electric-welded stainless (austenitic) steel pipes to be used under high pressure in aggressive environment requiring high corrosion-resistance, the company’s media office reports. Manufacture of new size-types of electric-welded stainless steel pipes along with the regular range is part of import substitutions program. TMK-INOX is one of…
DetailsIn Q1 Metalloinvest produced 10.07 Mt of iron ore, up by 0.4% YoY. Production of nodules grew by 0.2%, to 5.98 Mt, while production of direct reduced iron dropped by 0.6%, to 1.47 Mt. Pig iron production dropped by 14.6%, to 0.64 Mt. Steel smelting increased by 12.6%n to 1.23 Mt. In Q1 iron ore…
DetailsIn January-April major companies – Nikopol and Zaporozhye Ferro Alloys Works – increased ferroalloys output by 4.9% YoY, to 334.54 thousand tons. According to the Association of Ukrainian Ferroalloy Producers, silicomanganese output went up by 1.2%, to 261.49 thousand tons, and of ferromanganese – by 51.7%, to 39.45 thousand tons. Ferrosilicon production dropped by 5.6%,…
DetailsIn 2016 Russia received 940 thousand tons of anthracite and 95 thousand tons of other coal from occupied territories of Donetsk and Lugansk regions. These are only the volumes that have been officially included in the Russian Railroads statistics. In 2015 Russia illegally took some 1.3 million tons of anthracite from the occupied territories. Donbass…
DetailsIn January-April the Nizhniy Novgorod subsidiary of the First Cargo Company (PGK) transported 162 thousand tons of ferrous scrap via the Gorkovskaya railroad, up by 9% YoY. “The positive dynamics is connected with the increase in transportation of NLMK and Severstal products, the railroad discount on local scrap deliveries, as well as the development of…
DetailsIn January-April gold-extracting factory of Yubileyniy Mining and Processing Works, a part of Amur Zoloto, processed 28592 tons of ore and produced 364.2 kg of gold and 278.6 kg of silver. Perevalniy GOK mined 28513 tons of ore, transporting 27929 tons to Yubileiniy GOK. The construction of a processing factory is underway. All in all…
DetailsIn April UGK Group purchases Schelkovsky Secondary Precious Metals Works, a major Russian precious metals processing works. The works is engaged in refining of Dore alloy and processing precious metals-containing secondary raw materials. The works has the London Good Delivery certificate. At present the machinery and equipment are being modernized. After that the works will…
DetailsAs of May 6, all the 10 dredgers of the Solovievsky mine have started operating. The largest alluvial gold site in Amur region is in Tyndinsk and Skovorodinsk districts. In January-April the enterprise yielded 392 kg of alluvial and ore gold. The first dredger started operating on March 28. Taking into account weather conditions, so…
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