Ukraine: KRIOIC mine collapses

There has been a cave-in at the Oktyabrskaya mine of the Krivoy Rog Iron Ore Industrial Complex.

The rock collapsed at the depth of 1220 meters on June 6 at 8:55 local time.

According to the preliminary information, one miner has been trapped.

The rescue operation is underway. (Ukrainian metal)

Russia: Izhstal repairs EAF

Izhstal has finished capital repairs of its electric arc furnace, which produces alloyed, stainless and speed steels. “The EAF-25 produces the most profitable products. So we pay special attention to the conditions of the furnace. The repair will provide for the faultless operation of the furnace and decrease energy consumption and refractory materials usage”, the…


Russia: Sberbank and Severstal to collaborate on using blockchain technology

Sberbank and Severstal, the vertically integrated mining and metallurgical company, have announced collaboration in technological innovation. This year at the 11th St. Petersburg International Economic Forum Severstal and Sberbank presented their latest prototype, which would enable the secure transfer of international letters of credit using blockchain technology. During the demonstration, the companies tested the prototype…


Ukraine: Yuzhniy port to buy steel rope from Yuzhmetiz

The state enterprise Sea trade port Yuzhniy has chosen Yuzhmetiz LLC the supplier of steel ropes valued at almost 3 million UAH.

The company was created in 2001 and started participating in state tenders in 2009.

Another contender was the private firm Oriya. (Ukrainian metal)

Russia: CherMK completes sheet shop repair

Cherepovets Iron and Steel Works has finished repairs in the sheet-rolling shop valued at 10.8 million rubles.

In particular roll ovens No. 1 and 2 have been repaired. The overhaul was carried out by the specialists in 4 days.

Some 40 employees were involved in the work. (Ukrainian metal)

Russia: TMK places 10 billion rubles of bonds

Pipe Metallurgical Company has placed BO-07 bonds valued at 10 billion rubles (10 million shares at 1 thousand rubles each).

The interest rate is 9.35%.

The circulation period is 10 years, with a 4-year option.

The organizers were ATON, Alfa-Bank, BCS Global Markets, VTB Capital, Sovcombank and UniCredit Bank. (Ukrainian metal)

Ukraine: Metinvest secures new financing facility in equipment leasing deal

According to Metinvest B.V., the parent company of a vertically integrated group of steel and mining companies, following the successful debt restructuring completed in March, one of its subsidiaries has secured a new financing facility as part of an equipment leasing agreement. Ingulets GOK, one of the group’s key iron ore producers, has agreed to…


Ukraine: DSS closes its Moscow office

Dneprospetsstal has closed its office in Moscow. The decision has been taken by the company supervisory board.

“The office will be closed due to the economical inexpediency of its further operation”, the company said.

The office was a representative and the protector of DSS trade interests in Russia. (Ukrainian metal)

Ukraine: EMSS to fulfill BHEL order

Energomashspetsstal has signed a contract to produce and delivery machinery for Bharat Heavy Electrical Limited.

According to the agreement, EMSS will produce 3 turbine generator rotors of low pressure.

The total weight of the machinery is 197.7 tons.

The delivery to the Indian city of Haridwar is scheduled for Q4 2017. (Ukrainian metal)