Russian aluminum giant UC RUSAL has focused on restoring temporarily lost ties with clients after the abolishment of the U.S. sanctions in late January, CEO Yevgeny Nikitin told Bloomberg on March 4. The company is currently in talks over contracts for 2020, he said. RUSAL has already resumed partnership with a number of clients, but…
DetailsOn March 2, the bar-rolling shop No. 1 of the Oskol Electrometallurgical Works produced the 45-millionth ton of rolled metal. The anniversary ton was the bearing steel rounds of 85 mm in diameter. The rolled metal was shipped to a customer in Kazakhstan. (Ukrainian metal)
DetailsIn 2020 Danieli will supply two new rolling mills to Russia. The first will be put into operation at the Abinsk Electrometallurgical Works. The capacity of the machine will be 600 thousand tons per year. The works will be able to produce wire with the diameter of 5.5 to 16 mm. Another machine will be…
DetailsDneprometiz, the largest manufacturer of metal wares in Ukraine, will start producing wire with zinc and copper coating. “We have assembled a galvanizing machine at the plant. In June we’ll commission another one”, the company owner Sergey Tigipko said. “We have ordered a machine to apply copper coating. In January we put two mills into…
DetailsAccording to the Ministry of Foreign Affairs, a peaceful development of Afghanistan is underway, including the modernization of its transport and infrastructure networks. In particular, at present the North-South railroad is being constructed. Integra has won a tender for a site with the length of 43 km. Aktybinsk Rail and Beam Works has won another…
DetailsArcelorMittal Kriviy Rih has purchased a locomotive TM2U-9043 that is already in operation and used in metallurgical process. In addition to that, the plant sent 5 locomotives to Nikolaev Locomotive Repair Plant for capital repair, and a tendering process for 5 more locomotives will start in the nearest time. Depending on the intensity of operation…
DetailsIn 2018 Ukraine earned $2.9 billion on the sale of iron ore, having exported 36.8 million tons. In particular, Ukraine exported 21.1 million tons of non-sinter ore valued at $1.3 billion and 15.7 million tons of sinter ore at $1.6 billion. To America Ukraine shipped 0.2 million tons of ore at $16.579 million. US accounted…
DetailsIn January Russia produced 5.79 million tons of steel, down by 4.5% YoY (5.87 million tons in December 2018). Ukraine, no longer a part of CIS, decreased output by 4.9%, to 1.85 million tons (1.885 million tons). Kazakhstan produced 360 thousand tons, down by 5.5% YoY (380 thousand tons). In January Belarus manufactured 220 thousand…
DetailsUnder the program to diversify manufacture Chelyabinsk Zinc Works has produced a trial batch of tin-indium alloy. The POIn-52 alloy contains 52% of indium and 48% of tin. “The main advantage of the alloy is its low temperature of melting (121 degrees C). This allows it to unite thin wares, which are afraid of high…
DetailsAt a meeting held on March 1, the Board of Directors of NLMK Group resolved to convene NLMK’s Annual General Shareholders’ Meeting (AGM) on April 19. The Board of Directors recommended shareholders re-elect Grigory Fedorishin as NLMK Group President (Chairman of the Management Board) and CEO. The following nine members were put forward for election…
DetailsIzhstal has capitally repaired the bar-wire mill-250, which accounts for some 40% of the plant output. The mill produces rolled metal in rods and coils with the diameter of 6.5 to 52 mm. The products are in demand by the enterprises of the car, aviation, machine-building, military and oil and gas industries. In 2018 the…
DetailsKarabashmed has started assembling metal structures and sites needed to operate four new moist electric filters in the sulfur acid shop. The assembly will last for a month. The electric filters will be commissioned in June. (Ukrainian metal)
DetailsAt a meeting held on March 1, NLMK Group’s Board of Directors recommended the company’s shareholders approve payment of Q4 2018 dividends of 5.80 rubles per share at the upcoming Annual General Shareholder Meeting (AGM), which would be held on April 19. This is equivalent to 100% of the company’s free cash flow based on…
DetailsThe European Bank for Reconstruction and Development is no longer a Centravis shareholder. “For 9 years we have been in partnership with the bank. It has provided us with financial assistance during the crises, as we have been under pressure. In 2018 we bought out its share. But thus we received experience of working with…
DetailsNLMK Group announces the launch of its new Strategy 2022 and changes to its dividend policy. Strategy 2022 targets net gains of +$1.25 billion to EBITDA per annum, with $0.5 billion from operational efficiency programs that require no additional capex. Strategy 2022 is based on enhancing NLMK Group’s competitive advantages. Through operational efficiency initiatives and…
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