In January-March Severstal Distribution increased metal sales by 13% YoY, to 395 thousand tons. Because of the rolled metal price increase the company earnings rose by 71% YoY, to $225 million. “The steel market remains highly volatile. According to analysts, metal consumption in Russia this year will increase by 1.8%, in Northern Europe – by…Details
The Rusal Bratsk board of directors recommended its only shareholder Rusal to pay dividends for the first quarter of 2017 in the amount of 408.7 rubles per share. According to the company statement, the closing date of the shareholders registry entitled to receive dividends is May 22. The total amount of dividends is thus 2.25…Details
In the current washing season Plamya intends to get 450 kg of gold. Last year the company yielded 379 kg. The growth will be reached thanks to the third licensed site put into operation. In addition to Sildigir and Sygynakh in Yakutia, the company will also wash for gold in Komagin. According to the company…Details
Mechel-Service delivered the first batch of rebars for the construction of the Third Interchange Contour of the Moscow subway. The construction company received 560 tons of rolled metal. The Chelyabinsk Iron and Steel Works rebars are used in the construction of 6 stations: Delovoy Tsentr, Shelepikha, Khoroshevskaya, Khodyn Field, Petrovsky Park and Nizhnyaya Maslovka. (Ukrainian…Details
Ferrum has put into operation its modernized TESA (pipe welding) 51-190 mill. The mill produces steel pipe of 219 mm diameter, used mostly in pipelines. The wall thickness is 3-8 mm. Ferrum started manufacturing electric welded pipes in 2015, having put into operation three pipe welding mills with the total capacity of 15 thousand tons…Details
The net profits of Magnitogorsk Iron and Steel Works in January-March increased by 53.5% YoY, to $241 million.
According to the company statement, earnings increased by 58.1% YoY because of the higher sales prices (by $249 per ton, or by 76.8%).
EBITDA grew by 106.4%. (Ukrainian metal)
In January-March Poltava Mining and Processing Works, a part of Ferrexpo, exported 2.527 million tons of iron ore pellets. Ukrainian pellets went to Europe and the Near East, as well as Japan, China and Korea. At the same time Karelsky Okatysh exported 1.459 million tons of pellets, Lebedinsky GOK – 996 thousand tons, Mikhailovsky GOK…Details
Tugnuyskaya Processing Factory has good prospects of developing. To increase capacity SUEK decided to construct another processing factory. “When the second module of the factory is put into operation, we will increase capacity and create 100 new jobs”, the acting deputy CEO on processing of Tugnuyskaya Factory Igor Shkodin said. The annual processing plan for…Details
The contract for the new gyratory crusher was concluded after the Uralmashzavod specialists checked the crushing machinery at the processing factory of the Stoylensky Mining and Processing Works. The new machine will replace a similar one, produced by Uralmashzavod and delivered in 1983. The crusher has already been tested and supplied to the GOK. (Ukrainian…Details
Evraz NTMK has started work on increasing the range of the environment management system (EMS) certification. In accordance with ISO 14001:2015 the company specialists are preparing the coke manufacture and furnace shop EMS for certification. EMS was implemented at NTMK in 2004. All the structural divisions of the works, involved in the manufacture of steel,…Details
Gazprom will purchase 121 thousand tons of pipes with diameter of 1020, 1220 and 1420 mm and outer three-layer insulation from Zagorsky Pipe Works. The pipes will be used to repair main pipelines. The order will completely cover the current needs of Gazprom for repair. The delivery will be carried out by installments by the…Details
Since May 11, the new general manager of Severstal – Balakovo, a part of Severstal Russian Steel, is Artem Akinfiev, who has previously been responsible for the improvement of manufacturing processes at Promservis, another part of SRS. “In his new office Akinfiev will be responsible for increase of the company competitiveness on the bars market”,…Details
In January-March Russia exported 752 tons of stainless steel products, down by 31.4% YoY. The exports consisted of billets (27.7% of the total volume), bars (22.7%), electric welded pipes (16.6%), flats (16.2%), seamless pipes (12.5%), valves (2.4%) and wire (1.9%). Except for the billets and valves, which demonstrated a rise of 9.8-fold, to 208 tons,…Details
On May 8, in PJSC ArcelorMittal Kriviy Rih an accident happened which led to the death of the company’s employee. At Sinter plant of Steelmaking Production of the plant reinforced concrete roofing of charge section fell on belt conveyers. At that moment the doser was working between the conveyers. As a result of falling of…Details
DTEK has started supplying Pridneprovskaya and Krivorozhskaya thermal power plants with coal from its mines in Rostov region (Russia). “Before the first coal from the South African Republic arrives in June, DTEK decided to direct some coal from Obukhovskoye mine group in Russia”, the company informed. The enterprise is a part of DTEK and at…Details
So far the gold washers of Kolyma have yielded 1.7 tons more gold then last year.
The plan for the year is 30.5 tons.
In 2016 Kolyma miners produced 27.9 tons of gold and 889.2 tons of silver, with 15.9 tons of alluvial metal, an absolute record for Russia.
Susumanzoloto yielded 4.5 tons. (Ukrainian metal)
In 2015-2016 MGTS earned 1.36 billion rubles each year from sales of old copper cable. The company does not disclose the volume of sales, but taking into account procurement prices in Moscow, it could have been 4500 tons in 2016. MGTS not only sells old cable, but also buys new one. In April it announced…Details
The rail-beam shop of Evraz ZSMK has initiated a project to start producing new lengths of rails and increase R65 100-meter rails output. Investments will total 168 million rubles. The shop will see the construction of the second rail line, after which ZSMK will be able to produce European rails 60E1 and 54E1 with the…Details
On May 8 there was a cave-in of a concrete construction on the territory of ArcelorMittal Kriviy Rih. The cave-in size was 500 square meters. An hour after the cave-in the rescuers were able to retrieve a body. During the accident there were 4 people in the building, three of them were able to escape…Details
Russian authorities have started denying coalminers new licenses because of the accident and safety risks. MMK and PMH are operating at the Nikitinskiy Verkhniy site in Kuzbass – the former has some 130 million tons of deposits, while the latter intends to start mining at the site with 200 million tons. But the Ministry of…Details
In January-April Russian seaports throughput of ferrous metals dropped by 0.4% YoY, to 9.68 million tons, with exports at 9.46 million tons, down by 2.1%, and imports at 220.53 thousand tons, up 3.7-fold. Railroad exports to port Novorossiysk totaled 3.58 million tons, down by 8.3% YoY, St. Petersburg – 2.1 million tons, up by 24.7%,…Details
In January-April Ukraine exported $947.4 million worth of iron ore raw materials, up by 85% YoY. According to the State Fiscal Service, exports reached 12.019 million tons, down by 15.8% YoY, with the share in the total exports revenue at 6.9%. The main buyers of Ukrainian iron ore raw materials were China (30%), Poland (10.6%)…Details
The quarry No. 7 of Irshansk Mining and Processing Works is switching to processing its own products, stocked during the years of operation. The switch of capacities will be made in July. The volume of the products (some 2.5 million cubic meters) will be enough for 3 years of operation enabling the quarry to produce…Details