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Miners in Georgia’s western town of Chiatura have ended a strike launched on May 16 after demanding better salaries and working conditions, as a deal has been reached with the Georgian Manganese company. The company promised a 25% in salaries starting from June 1, while an additional 10% rise will take place starting next year.…
DetailsIn April, Ukraine produced 1.938 million tons of steel, up by 12.6% YoY. Thus the country was able to go up one place in the world steel manufacturers rating, according to World Steel Association. China is in the lead with 85 million tons of steel, up by 12.7%. Russia decreased output by 8.3%, to 5.6…
DetailsIn January-March, Metinvest B.V. decreased capital investments by 8% YoY, to $198 million. The share of projects to improve capacity reached 43%, up from 39% in Q1 2018. Capital repairs accounted for 57% of investments (61% last year). Metal segment accounted for 50% of investments, while mining – 48%. 2% fell on corporate expenses. Last…
DetailsUntil the end of the year SMC-Kolpino will produce 14 dump car sides for Karelsky Okatysh. The length of each side will be 14 meters, height – 1.3 meters and weight – over 4 tons. The sides will be produced of sheet and plates manufactured at the mill-5000 in Kolpino. SMC-Kolpino mastered the manufacture of…
DetailsThe gold-ore company Rudnik Karalveyem at the auctions on May 22-23 won the right to develop three alluvial gold sites in Chukotka region. The company offered 43.659 million rubles for the Nevidimiy site. The initial price increased 485.1-fold. The Zayachiy site was sold for 69.3 million rubles. And the price of the Poldnevoy Brook site…
DetailsIn April, Electrostal Tyumeni exceeded the output target by 9%. In particular, the electric arc shop made 31 steel meltings per day, while the average result is 27 meltings. Rolling shop produced 2.6 thousand tons per day with the average being 2.1 thousand tons. Last year the company mastered the manufacture of 34 new sections…
DetailsEvraz has presented new solution for bridges made of rolled metal at the International exhibition Metal Structures’2019. Yevgeniy Samarin, manager of the market demand development department, has spoken of the flanged beams for the small bridge structures with the length of up to 25 meters. According to him, the advantage of using these beams in…
DetailsAccording to Worldsteel, in January-April steel output in the world totaled 599.86 million tons, up by 4.76% YoY. China is traditionally in the lead with 314.96 million tons produced, up by 10.14%, and the share of 52.5% Ukraine produced 7.44 million tons of steel, up by 6.6%, securing the 13th place. (Ukrainian metal)
DetailsSeverstal deems the VTB Capital report on Russian steel demand too optimistic. The analysts believe that from 2019 steel consumption in Russia will grow by 5% per year and will have reached 14 million tons by 2025. The growth will be due to the national projects – creation of infrastructure valued at $170 billion will…
DetailsSince 2016 Dneprovsky Iron and Steel Works has invested 329 million UAH in environment-protection measures. As a result, air pollution decreased by 25%. According to DCH, the owner of the plant, this is the best result among Ukrainian metal companies. The company employs some 4.5 thousand people, with 80% of them living nearby. In 2018…
DetailsMoldova Iron and Steel Works intends to win back its lost positions on Ukrainian market. Last summer sanctions were imposed on the company. In late March, the Council of the National Security and Defense excluded the plant from the sanctions lists. “We have plans of cooperation with agents, as the market is quite familiar to…
DetailsDomnaremont 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,…
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