Domnaremont specialists have finished assembling metal structures of the new blast furnace Cowper stoves at the Cherepovets Iron and Steel Works. The Cherepovchanka blast furnace No. 3 has four Cowper stoves. Their height is some 40 meters and the weight – 500 tons. The assembly started last September. The blast furnace is expected to be…
DetailsIn 5 years several large-scale projects on pipe manufacture are expected in Russia, resulting in the welded pipes output increase by 13%. OMK believes that the market demand will grow by 6%. Average loading of capacities will drop from 50% to 47%. In particular, OMK intends to commission a shop to produce oil and gas,…
DetailsRussia produces around 19 million tons of hot-rolled sheet per year, including 14 million tons of thin sheet and 5 million tons of plates. In 2017-2018 a third of this volume was exported. Hot-rolled metal imports grew from 1 million tons in 2016 to 2 million tons in 2017-2018. Domestic consumption of hot-rolled metal in…
DetailsAccording to the NLMK chief specialist Vitaly Glazunov, the company has decided to shut down two of its welded pipe lines with the combined capacity of 50 thousand tons per year. In 2018 – April 2019 average price difference between cold-rolled metal and welded pipes in Russia was around 700 rubles per ton with VAT…
DetailsU.K.-based mining giant Evraz, which operates mainly in Russia, plans to invest 6.4 billion rubles in the first stage of the development of the Kachkanar-proper titanium magnetite vanadium-containing ore deposit in the Sverdlovsk region, the company said in a statement on May 27. Commercial ore production is expected to begin in the first quarter of…
DetailsThe state enterprise Pervomayskugol has ordered the Mirnogradskaya Central Processing Factory coal processing services valued at 44.08 million UAH. This year the factory will have to process 304 thousand tons of coal at 145 UAH per ton. The price of the contract is 0.05% below the expected cost (44.1 million UAH). (Ukrainian metal)
DetailsEnergomashspetsstal has successfully prepared for shipping four bulk billets for the manufacture of the steam generator at the second block of the Akkuyu NPOP in Turkey. The billets – 2 shells and 2 bottoms – were inspected by the TAEK representatives during the 2-day event. The total weight of the parts is 157 tons. They…
DetailsFerrum-P LLC has increased the initial price for the Baitsetuy Nizhniy alluvial gold deposit in Zabaikalye region 29.7-fold. The auction took place on May 14. The company final offer was 74.818 million rubles. 7 companies participated in the auction. (Ukrainian metal)
DetailsIn January-March, Urtuisky coal pit mined 794.7 thousand tons of coal, up by 2.8% YoY. The company is developing a coal deposit with the same name in Zabaikalye region. This year the enterprise has started a new investment program to increase output. Thus, this year it is planned to mine 3.2 million tons of coal,…
DetailsThe National Tariff Commission has started an antidumping investigation on the imports of cold-rolled coils from Russia and Canada at the request of International Steels Limited (ISL) and Aisha Steel Mills Limited (ASML), who claim they have suffered from the imports. The investigation term is set from January 1 to December 31, 2018, and the…
DetailsIn 2019 Ukraine is expected to produce 22.641 million tons of steel, up by 7% YoY. According to the Ministry of economical development and trade, rolled metal output will grow by 2%, to 18.8 million tons, and pig iron – by 4%, to 21.43 million tons. At the same time, scrap deliveries to metal companies…
DetailsIn January-March, Metinvest decreased revenue by 5% YoY, to $2.863 billion. EBITDA dropped by 33%, to $435 million. Capital investments fell by 8%, to $198 million. At the same time, the Group total debt decreased by 2%, to $2.682 billion, with net debt unchanged at $2.464 billion. (Ukrainian metal)
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